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

NEW YORK, Nov. 21  /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, S&P SmallCap 600, and S&P REIT Composite indices:

  * S&P 500 constituent ConocoPhillips (NYSE:COP) will replace Lucent
    Technologies Inc. (NYSE:LU) in the S&P 100 and IAC/InterActiveCorp
    (NASD:IACI) will replace Lucent Technologies in the S&P 500 after the
    close of trading on Thursday, November 30. Lucent is being acquired by
    S&P Global 1200 constituent Alcatel in a deal expected to close on or
    about that date, pending final approvals.

  * S&P 500 constituent Capital One Financial Corp. (NYSE:COF) will replace
    OfficeMax Inc. (NYSE:OMX) in the S&P 100, S&P MidCap 400 constituent
    Questar Corp. (NYSE:STR) will replace North Fork Bancorporation, Inc.
    (NYSE:NFB) in the S&P 500, and ValueClick Inc. (NASD:VCLK) will replace
    Questar Corp. in the S&P MidCap 400 after the close of trading on
    Thursday, November 30.  North Fork is being acquired by Capital One in a
    deal expected to close on or about that date, pending final approvals.
    At today's close of trading, OfficeMax had a market capitalization of
    approximately $3.6 billion, ranking 100th in the S&P 100.

  * DirecTV Group Inc. (NYSE:DTV) will replace Freescale Semiconductor Inc.
    (NYSE:FSL.B) in the S&P 500 after the close of trading on a date to be
    announced. Freescale is being acquired by a consortium of private equity
    firms led by The Blackstone Group in a deal that is still pending final
    approvals.

  * Cascade Bancorp Inc. (NASD:CACB) will replace Glenborough Realty Trust
    Inc. (NYSE:GLB) in the S&P SmallCap 600 and Diamondrock Hospitality Co.
    (NYSE:DRH) will replace Glenborough in the S&P REIT Composite after the
    close of trading on Wednesday, November 29.  Glenborough is being
    acquired by certain funds managed by Morgan Stanley Real Estate in a
    deal expected to close on or about that date, pending final approvals.



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

  ConocoPhillips is an integrated oil and gas company.

  Capital One offers various consumer financial products and services.



IAC/InterActiveCorp is an interactive commerce and content company. Headquartered in New York, NY, the company will be added to the S&P 500 GICS Internet Retail Sub-Industry index.

Questar is a natural gas-focused energy company.  Headquartered in Salt Lake City, UT, the company will be added to the S&P 500 GICS Gas Utilities Sub-Industry index.

DirecTV is a leading provider of direct broadcast satellite television service.  Headquartered in El Segundo, CA, the company will be added to the S&P 500 GICS Broadcasting & Cable TV Sub-Industry index.

ValueClick provides Internet advertising solutions for publishers of Web sites and online advertisers.  Headquartered in Westlake Village, CA, the company will be added to the S&P MidCap 400 GICS Internet Software & Services Sub-Industry index.

Cascade provides commercial and retail banking services.  Headquartered in Bend, OR, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.

Diamondrock is a REIT that owns, acquires, and invests in upscale hotel properties.  Headquartered in Bethesda, MD, the company will be added to the S&P REIT Composite GICS Specialized REITs sub-industry.

  Following is a summary of the changes:

                    S&P 100 INDEX - November 30, 2006
           COMPANY          GICS ECONOMIC SECTOR    GICS SUB-INDUSTRY
  ADDED    ConocoPhillips   Energy                  Integrated Oil & Gas
           Capital One      Financials              Consumer Finance
  DELETED  Lucent           Information Technology  Communications Equipment
           OfficeMax        Consumer Discretionary  Specialty Stores



                    S&P 500 INDEX - November 30, 2006
          COMPANY             GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
  ADDED   IAC/InterActiveCorp Consumer Discretionary   Internet Retail
          Questar             Utilities                Gas Utilities
  DELETED Lucent              Information Technology   Communications
                                                        Equipment
          North Fork          Financials               Regional Banks



                     S&P 500 INDEX - To Be Announced
           COMPANY       GICS ECONOMIC SECTOR    GICS SUB-INDUSTRY
  ADDED    DirecTV       Consumer Discretionary  Broadcasting & Cable TV
  DELETED  Freescale     Information Technology  Semiconductors



                 S&P MIDCAP 400 INDEX - November 30, 2006
           COMPANY     GICS ECONOMIC SECTOR    GICS SUB-INDUSTRY
  ADDED    ValueClick  Information Technology  Internet Software & Services
  DELETED  Questar     Utilities               Gas Utilities



                S&P SMALLCAP 600 INDEX - November 29, 2006
             COMPANY            GICS ECONOMIC SECTOR    GICS SUB-INDUSTRY
  ADDED      Cascade            Financials              Regional Banks
  DELETED    Glenborough        Financials              Office REITs



               S&P REIT COMPOSITE INDEX - November 29, 2006
             COMPANY           GICS ECONOMIC SECTOR   GICS SUB-INDUSTRY
  ADDED      DiamondRock       Financials             Specialized REITs
  DELETED    Glenborough       Financials             Office REITs





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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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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