STANDARD & POOR'S ANNOUNCES CHANGES IN S&P SMALLCAP 600 INDEX

Business Editors 
NEW YORK--(BUSINESS WIRE)--Aug. 23, 1999--Standard & Poor's will
make the following changes in the S&P SmallCap 600 Index after the
close of trading on Monday, August 30, 1999: 
-    Hooper Holmes (HH) will replace World Color Press (WRC). Quebecor 
Printing Co. (a Canadian company) is acquiring World Color Press 
in a two-step tender offer. In the first step, Quebecor Printing 
acquired a 50.4% stake in World Color. 
-    ChoicePoint Inc. (CPS) and Dril-Quip, Inc. (DRQ) will replace 
System Software (SSAX) and TCSI Corp. (TCSI). Both companies are 
being removed for lack of representation. 
Hooper Holmes provides medical and paramedical examinations and
related services to life and health insurance companies through a
network of over 200 branch offices in all 50 states. The company,
headquartered in Basking Ridge, New Jersey, will be added to the S&P
SmallCap 600 Health Care (Specialized Services) industry group. 
ChoicePoint Inc. is a provider of risk management and fraud
prevention information and related technology solutions to the
insurance industry and other industries. The company, headquartered in
Alpharetta, Georgia, will be added to the S&P SmallCap 600 Services
(Commercial & Consumer) industry group. 
Dril-Quip, Inc. designs and manufactures highly engineered
offshore drilling and production equipment for use in deepwater, harsh
environment and severe service applications, and provides installation
and reconditioning services. The company, headquartered in Houston,
Texas, will be added to the S&P SmallCap 600 Oil & Gas (Drilling &
Equipment) industry group. 


     Following is a summary of the announced changes:

----------------------------------------------------------------------
           S&P SMALLCAP 600 INDEX--August 30, 1999
----------------------------------------------------------------------
                                 ECONOMIC              INDUSTRY
                COMPANY           SECTOR                GROUP
----------------------------------------------------------------------
                                                     Health Care
 ADDED     Hooper Holmes        Health Care     (Specialized Services)
----------------------------------------------------------------------
                                                      Services
         ChoicePoint Inc.   Consumer Cyclicals (Commercial & Consumer)
----------------------------------------------------------------------
                                                      Oil & Gas
          Dril-Quip, Inc.         Energy        (Drilling & Equipment)
----------------------------------------------------------------------
DROPPED  World Color Press   Consumer Staples     Specialty Printing
----------------------------------------------------------------------
                                                       Computers
          System Software       Technology       (Software & Services)
----------------------------------------------------------------------
                                                       Computers
            TCSI Corp.          Technology       (Software & Services)
----------------------------------------------------------------------

     Standard & Poor's, a division of The McGraw-Hill Companies, Inc.,
provides financial, economic and investment information and analytical
services to the global financial community. S&P calculates and
maintains the S&P Global Index, which includes the S&P Euro and Euro
Plus for Continental Europe, the S&P/TSE 60 for Canada, the S&P 500
for the U.S., the S&P/TOPIX for Japan, and new components under
construction for Asia/Pacific, U.K. and Latin America. S&P also
publishes the S&P MidCap 400, S&P SmallCap 600, S&P SuperComposite
1500 and S&P REIT Composite for the U.S. and the S&P/TSE Canadian
MidCap and S&P/TSE Canadian SmallCap Indices. Over $700 billion is
indexed to S&P indices. 
Founded in 1888, The McGraw-Hill Companies is a leading
information services provider meeting worldwide needs in education,
business, finance, the professions and government. The corporation
employs 16,500 people located in more than 400 offices in 32
countries. Sales in 1998 were $3.7 billion. 
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
company.
 
 
Press spacebar to pause and continue. Press esc to stop.