Standard & Poor's Announces Changes to U.S. Indices

NEW YORK, March 16  /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 100, S&P 500, and S&P MidCap 400 indices after the close of trading on Tuesday, March 20:

  CVS/Caremark Corp. (NYSE:CVS), the newly created combination of S&P 500
  constituents CVS Corp. and Caremark Rx Inc. (NYSE:CMX), will replace
  Black & Decker Corp. (NYSE:BDK) in the S&P 100, S&P MidCap 400 and S&P
  REIT Composite constituent Developers Diversified Realty Corp. (NYSE:DDR)
  will replace Caremark Rx Inc. in the S&P 500, and Wellcare Health Plans
  Inc. (NYSE:WCG) will replace Developers Diversified Realty Corp. in the
  S&P MidCap 400. Caremark is being acquired by CVS Corp. in a deal that is
  still being finalized. At today's close of trading, Black & Decker had a
  market capitalization of approximately $5.6 billion, ranking 100th in the
  S&P 100.



Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.

CVS/Caremark operates retail drugstores and provides drug benefit services. The company is headquartered in Woonsocket, RI.

Developers Diversified Realty is a REIT focused on shopping centers, mini-malls and lifestyle centers. Headquartered in Beachwood, OH the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Retail REITs Sub-Industry index.

Wellcare Health Plans provides managed care services to government-sponsored healthcare programs. Headquartered in Tampa, FL, the company will be added to the S&P MidCap 400 GICS Managed Health Care Sub-Industry index.

  Following is a summary of the changes:

                      S&P 100 INDEX - March 20, 2007

                COMPANY         GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
  ADDED      CVS/Caremark        Consumer Staples           Drug Retail
  DELETED   Black & Decker    Consumer Discretionary    Household Appliances


                      S&P 500 INDEX - March 20, 2007

                COMPANY         GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
  ADDED        Developers            Financials             Retail REITs
           Diversified Realty
  DELETED     Caremark Rx          Health Care          Health Care Services


                  S&P MIDCAP 400 INDEX - March 20, 2007

                COMPANY         GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
  ADDED   Wellcare Health Plans       Health Care       Managed Health Care
  DELETED     Developers               Financials          Retail REITs
           Diversified Realty



Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.

About Standard & Poor's

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About The McGraw-Hill Companies:

Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com/. 

DATASOURCE: Standard & Poor's



CONTACT:  David M. Blitzer, Ph.D.

Managing Director & Chairman of the Index Committee

[phone]



Web site:  http://www.standardandpoors.com/ 

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