Standard & Poor's Announces Changes to S&P Index

Standard & Poor's Announces Changes to S&P Index 


NEW YORK, July 15  /PRNewswire/ -- Standard & Poor's will make the following
changes to the S&P SmallCap 600 Index:

   * PrivateBancorp Inc. (NASD:PVTB) will replace Prima Energy Corp.
     (NASD:PENG) after the close of trading Thursday, July 22.  Prima
     Energy is being acquired by S&P Global 1200 constituent Petro-Canada in
     a deal expected to close on or about that date, pending final approval.

   * Bradley Pharmaceuticals Inc. (NYSE:BDY) will replace Seacoast Financial
     Services (NASD:SCFS) after the close of trading Friday, July 23.
     Seacoast Financial is being acquired by S&P 500 constituent Sovereign
     Bancorp (NYSE:SOV) in a transaction expected to close on or about that
     date.  The deal still needs regulatory and shareholder approval.



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

PrivateBancorp provides financing services to affluent individuals,
professionals, business owners and real estate investors.  Headquartered in
Chicago, IL, the company will be added to the S&P SmallCap 600 GICS (Global
Industry Classification Standard) Regional Banks Sub-Industry Index.

Bradley Pharmaceuticals markets prescription and over-the-counter
pharmaceutical and health-related products.  Headquartered in Fairfield, NJ,
the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-
Industry Index.

  Following is a summary of the changes:

               S&P SMALLCAP 600 INDEX - July 22, 2004
              COMPANY          GICS ECONOMIC SECTOR       GICS SUB-INDUSTRY
  ADDED     PrivateBancorp          Financials              Regional Banks
  DELETED    Prima Energy             Energy                  Oil & Gas
                                                            Exploration &
                                                              Production


               S&P SMALLCAP 600 INDEX - July 23, 2004
              COMPANY          GICS ECONOMIC SECTOR       GICS SUB-INDUSTRY
  ADDED       Bradley              Health Care             Pharmaceuticals
          Pharmaceuticals
  DELETED  Seacoast Financial       Financials            Thrifts & Mortgage
              Services                                          Finance



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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information, visit http://www.standardandpoors.com/.

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DATASOURCE: Standard & Poor's



CONTACT:  David M. Blitzer, Ph.D.

Managing Director & Chairman of the Index Committee

[phone] 



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

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

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