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Standard & Poor's Announces Changes in S&P Indices.


NEW YORK--(BUSINESS WIRE)--Sept. 20, 1999--

Standard & Poor's will make the following changes in the S&P 500 and S&P MidCap 400 Indices:

-- Bed Bath & Beyond (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:BBBY), an S&P MidCap 400 component,

will replace BankBoston Corp. (NYSE NYSE

See: New York Stock Exchange
:BKB BKB Basler Kantonalbank (Switzerland)
BKB Black King Bar (gaming weapon)
BKB BV Kwaliteitsverklaringen Bouw (Dutch)
BKB BankBoston Corporation
) in the S&P 500 Index

after the close of trading on Tuesday, September 21, 1999. Fleet

Financial Group (NYSE:FLT FLT Fault
FLT Flight
FLT Flat
FLT Filter
FLT Fleet
FLT Fermat's Last Theorem
FLT Fairlight (software cracking group)
FLT Float/Floating
FLT Fairfield Language Technologies
FLT Fork Lift Truck
FLT First Lieutenant
), an S&P 500 component, is acquiring

BankBoston Corp. in a transaction anticipated to close on that

date. Immediately after the acquisition, Fleet Financial Group

will change its name to Fleet Boston Corp. (NYSE:FLT). DQE DQE Detective Quantum Efficiency
DQE Duquesne Light Company
DQE Detector Quantum Efficiency
DQE Differential Quantum Efficiency
DQE Design, Quality, Environment
DQE DESEX Query Engine
DQE Decontamination Quick & Easy (DQE, Inc.) 
, Inc.

(NYSE:DQE) will replace Bed Bath & Beyond in the S&P MidCap 400

Index.

Bed Bath & Beyond is a nationwide chain of superstores selling better quality domestics merchandise and home furnishings. The company, headquartered in Union, New Jersey, will be added to the S&P 500 Retail (Specialty) industry group.

DQE, Inc. is a multi-utility delivery and services company. Its subsidiaries are: Duquesne Light Company, AquaSource, Duquesne Ent., DQE Energy Services, DQEnergy Partners, and Montauk Inc. The company, headquartered in Coraopolis, Pennsylvania Coraopolis [koreɔpəlɪs] is a borough in Allegheny County in the US state of Pennsylvania. The population was 6,131 at the 2000 census. In 1940 the population peaked at 11,086. , will be added to the S&P MidCap 400 Electric Companies industry group. -0-
     Following is a summary of the announced changes:

              S&P 500 INDEX -- September 21, 1999

                                     ECONOMIC               INDUSTRY
                   COMPANY            SECTOR                  GROUP
 ADDED      Bed Bath & Beyond   Consumer Cyclicals   Retail (Specialty)
DROPPED     BankBoston Corp.      Financials     Banks (Major Regional)

          S&P MIDCAP 400 INDEX -- September 21, 1999

                                  ECONOMIC             INDUSTRY
                COMPANY            SECTOR                GROUP
 ADDED       DQE, Inc.            Utilities       Electric Companies
DROPPED  Bed Bath & Beyond   Consumer Cyclicals    Retail (Specialty)


Standard & Poor's, a division of The McGraw-Hill Companies, Inc., provides financial, economic and investment information and analytical services to the global financial community. S&P calculates and maintains the S&P Global Index, which includes the S&P Euro and Euro Plus for Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. , the S&P/TSE 60 for Canada, the S&P 500 for the U.S., the S&P/TOPIX 150 for Japan, and new components under construction for Asia/Pacific, U.K. and Latin America. S&P also publishes the S&P MidCap 400, S&P SmallCap 600, S&P SuperComposite 1500 and S&P REIT REIT

See: Real Estate Investment Trust


REIT

See real estate investment trust (REIT).
 Composite for the U.S. and the S&P/TSE Canadian MidCap and S&P/TSE Canadian SmallCap Indices. Over $700 billion is indexed to S&P indices.

Founded in 1888, The McGraw-Hill Companies is a leading information services See Information Systems.  provider meeting worldwide needs in education, business, finance, the professions and government. The corporation employs 16,500 people located in more than 400 offices in 32 countries. Sales in 1998 were $3.7 billion.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 20, 1999
Words:458
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