Featured Articles From S&P Personal Wealth.

NEW YORK--(BUSINESS WIRE)--June 25, 1999--

Read the following articles exclusively at S&P Personal Wealth (http://www.personalwealth.com). Standard & Poor's is a division of the McGraw-Hill Companies:

"S&P Reiterates Hold on Schering-Plough Shares"

http://www.personalwealth.com/04

Standard & Poor's reiterated its 3 STARS (hold) recommendation on shares of Schering-Plough (NYSE:SGP). Analyst Herman Saftlas says the company, in an analysts' briefing, forecasted 20% earnings per share growth for the second quarter and all of 1999, driven by growth in its Claritin antihistamine and Rebetron/Intron A antiviral/anticancer drug. However, he says with the drug industry facing price pressure from likely mandated drug price reductions for Medicare beneficiaries next year, SGP shares are adequately valued at their present price.

"Merrill Reiterates Near-Term Above Average, Long-Term Buy on

Texas Industries"

http://www.personalwealth.com/04

Merrill Lynch reiterated its near-term accumulate, long-term buy rating on shares of Texas Industries (NYSE:TXI) after the company forecasted better than expected fourth quarter earnings per share of $1.20-$1.25. Analyst John Bermudez says he had expected earnings per share of $0.96, which was high on Wall Street. He notes that cement/aggregate/concrete companies have been performing well, fueled by April's surge in cyclicals. He says he will raise his fiscal 1999 (May) earnings per share estimate. Bermudez has a $44 price target for TXI stock.

"Setting Up for a Rally?"

http://www.personalwealth.com/02

S&P Market Analyst Paul Cherney says his interpretation of Fed Chairman Greenspan's comments has been that the 25 basis point hike everyone is expecting next Wednesday will be a one-time event. He thinks additional rate hikes will not occur unless there are tangible signs of inflation. Cherney believes chances are very good that this current decline in equities will prove to be a set-up for a sharp rally when the Fed raises the Fed Funds rate by only 25 basis points at next week's FOMC meeting.

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