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Russell 3000 Index to Add 48 IPOs; Quarterly Additions Enhance Market Representation of Index.

TACOMA, Wash. -- Forty-eight recent initial public offerings (IPOs) are slated for inclusion in the broad-market Russell 3000(R) Index after the close of the U.S. equity markets on Sept. 30. Three of these IPOs--Dresser-Rand Group, KKR Financial Corp., and Refco--also will go directly into the large-cap Russell 1000(R) Index. The others, including Ruth's Chris Steak House and Maidenform Brands, will join the small-cap Russell 2000(R) Index.

The list of IPOs set for addition to the Russell 3000 includes 13 firms in the Financial Services sector and nine in the Consumer Discretionary sector. Only four IPOs are slated for the Technology sector.

In addition, 43 IPOs will be added to the Russell Microcap(TM) Index.

The names of IPOs set for inclusion in the Russell 3000, Russell 2000, Russell 1000 and Russell Microcap are posted at www.russell.com/US/Indexes/US/IPOs.

Inclusion in the various indexes is determined by market capitalization. Russell also weights index members by their float-adjusted market capitalization and explicitly excludes "locked-up" shares from IPO weights. As IPOs are added to Russell indexes each quarter, Russell does not delete existing index members to make room for them, but fully reconstitutes the indexes annually at the end of the second quarter.

About Russell

Russell Investment Group, a global leader in multi-manager investment services, provides investment products and services in more than 35 countries. Russell manages more than $136 billion in assets and advises clients worldwide representing more than $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.

Russell Investment Group is a registered trade name of Frank Russell Company, a Washington, USA corporation, which operates through subsidiaries worldwide. Frank Russell Company is a subsidiary of The Northwestern Mutual Life Insurance Company.
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Publication:Business Wire
Geographic Code:1USA
Date:Sep 27, 2005
Words:311
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