Standard & Poor's Announces Semi-Annual Reconstitution of Standard & Poor's/Barra Growth and Value Indices

Standard & Poor's Announces Semi-Annual Reconstitution of
Standard & Poor's/Barra Growth and Value Indices 


NEW YORK, Dec. 10  /PRNewswire/ -- Standard & Poor's will make its semi-annual
changes to the S&P 500/Barra Growth, S&P 500/Barra Value, S&P MidCap 400/Barra
Growth, S&P MidCap 400/Barra Value, S&P SmallCap 600/Barra Growth and S&P
SmallCap 600/Barra Value indices after the close of trading on Friday, December
17, 2004.  On March 18, 2005, the S&P/Barra Growth and Value indices and their
S&P parent indices will transition in their entirety to a half-float market
capitalization-weighted structure.

The companies involved in the U.S. index restructuring announced on December 8,
as well as all subsequent additions, will be added to their new S&P/Barra and
parent S&P indices at their half-float market capitalization weights.

A stock's categorization as either "growth" or "value" is determined by its
book-to-price ratio.  Using this measure, each U.S. index is split into two
mutually exclusive sets, each of which comprises roughly half of the index's
total market capitalization.  Each S&P/Barra Value Index contains stocks with
higher book-to-price ratios, whereas each S&P/Barra Growth Index includes
stocks whose book-to-price ratios are lower.  Like the parent indices from
which they are derived, the growth and value indices are market
capitalization-weighted.

  Following is a summary of the changes:

   S&P 500 Companies Transferring from Growth to Value

   TICKER            COMPANY
   A                 Agilent Technologies
   AMAT              Applied Materials
   CAH               Cardinal Health, Inc.
   DPH               Delphi Corporation
   FNM               Fannie Mae
   KLAC              KLA-Tencor Corp.
   KSS               Kohl's Corp.
   MMC               Marsh & McLennan
   MYL               Mylan Laboratories
   NFB               North Fork Bancorporation
   NSM               National Semiconductor
   PFE               Pfizer, Inc.
   SLR               Solectron
   TER               Teradyne Inc.
   TXN               Texas Instruments


   S&P 500 Companies Transferring from Value to Growth

   TICKER            COMPANY
   AAPL              Apple Computer
   BHI               Baker Hughes
   CA                Computer Associates Intl.
   CNP               CenterPoint Energy
   DGX               Quest Diagnostics
   FLR               Fluor Corp. (New)
   GENZ              Genzyme Corp.
   GLW               Corning Inc.
   GT                Goodyear Tire & Rubber
   GTW               Gateway Inc.
   HET               Harrah's Entertainment
   HSP               Hospira Inc.
   ITW               Illinois Tool Works
   LMT               Lockheed Martin Corp.
   MAR               Marriott Int'l.
   MAT               Mattel, Inc.
   MEDI              MedImmune Inc.
   NWL               Newell Rubbermaid Co.
   PCAR              PACCAR Inc.
   QLGC              QLogic Corp.
   ROK               Rockwell Automation, Inc.
   SGP               Schering-Plough
   SWK               Stanley Works
   TGT               Target Corp.
   TXU               TXU Corp.
   XOM               Exxon Mobil Corp.


   S&P MidCap 400 Companies Transferring from Growth to Value

   TICKER            COMPANY
   ATML              Atmel Corp.
   ATVI              Activision, Inc.
   CEN               Ceridian Corp. (New)
   CY                Cypress Semiconductor
   CYN               City National Corp.
   DV                DeVRY Inc.
   FIC               Fair, Isaac Corporation
   IRF               Intl Rectifier
   JEC               Jacobs Engineering Group
   KKD               Krispy Kreme Doughnuts
   LEE               Lee Enterprises
   LTXX              LTX Corp.
   MENT              Mentor Graphics
   NDN               99 (Cents) Only Stores
   OCR               Omnicare, Inc.
   PRGO              Perrigo Co.
   RCII              Rent-A-Center
   SMG               Scotts Co 'A'
   SNDK              SanDisk Corporation
   SNPS              Synopsys Inc.
   VAL               Valspar Corp
   VARI              Varian Inc.


   S&P MidCap 400 Companies Transferring from Value to Growth

   TICKER            COMPANY
   ACI               Arch Coal
   ADVS              Advent Software, Inc.
   ARG               Airgas Inc.
   ASBC              Associated Banc-Corp.
   BTU               Peabody Energy
   CK                Crompton Corporation
   CNF               CNF Inc.
   DDR               Developers Diversified Realty
   DY                Dycom Industries
   HRS               Harris Corp.
   HSC               Harsco Corp.
   LANC              Lancaster Colony
   NBL               Noble Energy, Inc
   NOI               National-Oilwell Inc.
   PCP               Precision Castparts
   PNR               Pentair Inc.
   STR               Questar Corp.
   VRC               Varco Int'l

   S&P SmallCap 600 Companies Transferring from Growth to Value

   TICKER            COMPANY
   ACDO              Accredo Health
   ACLS              Axcelis Technologies
   AEIS              Advanced Energy Industries
   BDY               Bradley Pharmaceuticals
   BELFB             Bel Fuse, Inc.
   BGG               Briggs & Stratton
   BRKS              Brooks Automation Inc.
   CCRD              Concord Communications
   CENX              Century Aluminum Co.
   CYMI              Cymer, Inc.
   DCOM              Dime Community Bancshares
   DJO               dj Orthopedics, Inc.
   DSPG              DSP Group
   FEIC              FEI Company
   FMT               Fremont Gen'l
   FRED              Fred's Inc.
   FWHT              FindWhat.com
   GB                Wilson Greatbatch Technologies Inc.
   GFF               Griffon Corp.
   GLDB              Gold Banc
   ICUI              ICU Medical
   IGI               Imagistics International
   IO                Input/Output Inc.
   IRN               Rewards Network Inc.
   ITRI              Itron, Inc.
   JILL              J Jill Group
   KOPN              Kopin Corp
   MAPS              MapInfo Corp.
   MGAM              Multimedia Games Inc.
   MNC               Monaco Coach
   MROI              MRO Software Inc.
   MVK               Maverick Tube Corp.
   NDC               NDCHealth Corp.
   PDX               Pediatrix Medical Group
   PHCC              Priority Healthcare Corp.
   PHTN              Photon Dynamics
   RGR               Sturm Ruger
   SBSE              SBS Technologies
   SNS               The Steak n Shake Co.
   TRDO              Intrado Inc.
   TTEK              Tetra Tech
   USPI              United Surgical Partners Int'l
   VECO              Veeco Instruments
   VICR              Vicor Corp
   VSEA              Varian Semiconductor Equip.


   S&P SmallCap 600 Companies Transferring from Value to Growth

   TICKER            COMPANY
   AGP               AMERIGROUP Corp.
   ATW               Atwood Oceanics, Inc.
   BBX               BankAtlantic Bancorp
   CAI               CACI International Services
   CLF               Cleveland-Cliffs
   CRY               Cryolife, Inc.
   CTR               Cato Corporation
   DGII              Digi International
   EDO               EDO Corp.
   EFD               eFunds Corp.
   EGN               Energen Corp
   GY                Gencorp
   IFSIA             Interface Inc'A'
   IHP               IHOP Corp
   ISSX              Internet Security Systems
   JLG               JLG Industries, Inc.
   KEX               Kirby Corp
   KRC               Kilroy Realty Corporation
   LAWS              Lawson Products
   LSS               Lone Star Technology
   MANT              ManTech International 'A'
   MTH               Meritage Homes Corp.
   NJR               New Jersey Resources
   NLS               The Nautilus Group
   PHLY              Philadelphia Consol. Hldg.
   PVH               Phillips-Van Heusen
   RAH               Ralcorp Holdings
   RBNC              Republic Bancorp Inc.
   REM               Remington Oil & Gas
   ROXI              Roxio, Inc.
   SUPX              Supertex Inc.
   TOO               Too, Inc.
   UBSI              United Bankshares, Inc.
   WPP               Wausau-Mosinee Paper Corp.
   WRLD              World Acceptance Corp.
   XEC               Cimarex Energy Co.




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 companies concerned.

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DATASOURCE: Standard & Poor's



CONTACT:  David M. Blitzer, Ph.D.

Managing Director, Quantitative Services

[phone]



Web site:  http://www.mcgraw-hill.com/ 

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