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

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


NEW YORK, Nov. 6  /PRNewswire/ -- Standard & Poor's will make the following
changes in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices after the
close of trading on Wednesday, November 12, 2003:

   * S&P MidCap 400 constituent IDEC Pharmaceuticals Corp. (NASDAQ:IDPH) is
     acquiring S&P 500 constituent Biogen Inc. (NASDAQ:BGEN) in a
     transaction anticipated to close on or about November 12.  Consequently
     the newly created company, BIOGEN IDEC Inc. (NASDAQ:BIIB), will
     replace Biogen Inc. in the S&P 500, S&P SmallCap 600 constituent
     Raymond James Financial Inc. (NYSE:RJF) will replace IDEC
     Pharmaceuticals in the S&P MidCap 400, and United Surgical Partners
     International Inc. (NASDAQ:USPI) will replace Raymond James Financial
     in the S&P SmallCap 600 Index.  The Biogen-IDEC merger is still
     contingent upon shareholder approval.  Standard & Poor's will monitor
     this transaction, and post any relevant updates on its website:
     http://www.standardandpoors.com/.



BIOGEN IDEC is a global biotechnology company, featuring products and
capabilities in cancer and autoimmune diseases.  The company, headquartered in
Cambridge, MA, will be added to the S&P 500 GICS (Global Industry Classification
Standard) Biotechnology sub-industry.

Raymond James Financial is engaged principally in the securities brokerage
business, and also provides investment management services for retail and
institutional clients.  The company, headquartered in St. Petersburg, FL, will
be added to the S&P MidCap 400 GICS Investment Banking & Brokerage sub-
industry.

United Surgical Partners Int'l. owns and operates short-stay surgical
facilities, including surgery centers and private surgical hospitals, in the
United States, Spain and England.  The company, headquartered in Addison, TX,
will be added to the S&P SmallCap 600 GICS Health Care Facilities sub-
industry.

  Following is a summary of the changes:

                    S&P 500 INDEX - November 12, 2003

                  COMPANY        GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
   ADDED        BIOGEN IDEC          Health Care            Biotechnology
  DELETED       Biogen Inc.          Health Care            Biotechnology

                 S&P MIDCAP 400 INDEX - November 12, 2003

                  COMPANY        GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
   ADDED       Raymond James         Financials           Investment Banking
                 Financial                                   & Brokerage
  DELETED  IDEC Pharmaceuticals      Health Care            Biotechnology

                S&P SMALLCAP 600 INDEX - November 12, 2003

                  COMPANY        GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
   ADDED      United Surgical        Health Care             Health Care
              Partners Int'l                                 Facilities
  DELETED     Raymond James          Financials           Investment Banking
                Financial                                    & Brokerage



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.

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the
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evaluation, investment research, data and valuations.  With 5000 employees
located in 20 countries, Standard & Poor's is an essential part of the world's
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in providing investors with the independent benchmarks they need to feel more
confident about their investment and financial decisions.  For more information,
visit http://www.standardandpoors.com/.

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DATASOURCE: Standard & Poor's



CONTACT:  David Blitzer

Managing Director, Quantitative Services

[phone]



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

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