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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.

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