Standard & Poor's Announces Changes in S&P Indices

  NEW YORK, Nov. 27 /PRNewswire/ -- Standard & Poor's will make the 
following changes in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices:  


      -- S&P MidCap 400 component Calpine Corp. (NYSE: CPN) will replace Florida 
       Progress (NYSE: FPC) in the S&P 500 Index after the close of trading on 
       Thursday, November 30, 2000.  S&P 500 component CP&L Energy, Inc. 
       (NYSE: CPL) is acquiring Florida Progress in a transaction anticipated 
       to close on or about that date.  The transaction is still subject to 
       regulatory approval.  S&P SmallCap 600 component KEMET Corp. 
       (NYSE: KEM) will replace Calpine Corp. in the S&P MidCap 400 Index. 
       SCM Microsystems (Nasdaq: SCMM) will replace KEMET Corp. in the S&P 
       SmallCap 600 Index. 
    -- International Fibercom (Nasdaq: IFCI) will replace Telxon Corp. 
       (Nasdaq: TLXN) in the S&P SmallCap 600 Index after the close of trading 
       on Thursday, November 30, 2000.  S&P MidCap 400 component Symbol 
       Technologies (NYSE: SBL) is acquiring Telxon Corp. in a transaction 
       anticipated to close on or about that date.  The transaction is still 
       subject to shareholder approval. 
    -- M&T Bank (NYSE: MTB) will be added to the S&P MidCap 400 Index after 
       the close of trading on Tuesday, November 28, 2000.  MTB will replace 
       HSB Group Inc. (NYSE: HSB) which was removed from the S&P MidCap 400 
       Index on Friday, November 24, 2000. 
    -- Emmis Communications (Nasdaq: EMMS) and Advanced Fibre Communications 
       (Nasdaq: AFCI) will replace Federal-Mogul (NYSE:FMO) and MarchFirst 
       Inc. (Nasdaq: MRCH) after the close of trading on Tuesday, November 28, 
       2000.  Both companies are being removed for lack of representation. 
    -- Tom Brown (Nasdaq: TMBR) will replace Sunrise Medical (NYSE: SMD) in 
       the S&P SmallCap 600 Index after the close of trading on Tuesday, 
       November 28, 2000.  Vestar Capital Partners (an investment group) is 
       acquiring Sunrise Medical via a tender offer that is anticipated to 
       expire on that date, unless extended. 
    -- Radiant Systems (Nasdaq: RADS) will replace Masco Tech, Inc. 
       (NYSE: MSX) in the S&P SmallCap 600 Index after the close of trading on 
       Tuesday, November 28, 2000.  Heartland Industrial Partners (a private 
       firm) is acquiring Radiant Systems in a transaction anticipated to 
       close on or about that date.  The transaction is still subject to 
       shareholder approval. 
    -- Bell Microproducts (Nasdaq: BELM) will replace TALK.Com, Inc. 
       (Nasdaq: TALK) in the S&P SmallCap 600 Index after the close of trading 
       on Tuesday, November 28, 2000.  TALK.Com is being removed for lack of 
       representation. 


  Calpine Corp. is an independent power company that is engaged in the 
development, acquisition, ownership and operation of power generation 
facilities and the sale of electricity predominantly in the United States. 
The company, headquartered in San Jose, California, will be added to the S&P 
500 Power Producers (Independent).  
KEMET Corp. is a manufacturer of solid tantalum capacitors and a 
manufacturer of multilayer ceramic capacitors.  The company, headquartered in 
Simpsonville, South Carolina, will be added to the S&P MidCap 400 Electrical 
Equipment industry group.  
SCM Microsystems designs, develops and sells hardware, software and 
silicon that enables secure access of digital content and services.  The 
company, headquartered in Los Gatos, California, will be added to the S&P 
SmallCap 600 Computers (Software & Services) industry group.  
International Fibercom is an end-to-end solutions provider serving the 
telecommunications industry.  The company, headquartered in Phoenix, Arizona, 
will be added to the S&P SmallCap 600 Communications Equipment industry group.  
M&T Bank is a bank holding company with two wholly owned bank 
subsidiaries, Manufacturers and Traders Trust Company and M&T Bank, National 
Association.  The company, headquartered in Buffalo, New York, will be added 
to the S&P MidCap 400 Banks (Regional) industry group.  
Emmis Communications is a diversified media company with radio 
broadcasting, television broadcasting and magazine publishing operations.  The 
company, headquartered in Indianapolis, Indiana, will be added to the S&P 
MidCap 400 Broadcasting (Television, Radio & Cable) industry group.  
Advanced Fibre Communications designs and manufactures end-to-end 
distributed multi-service access solutions for the portion of the 
telecommunications network between the carrier's central office and its 
subscribers.  The company, headquartered in Petaluma, California, will be 
added to the S&P MidCap 400 Communications Equipment industry group.  
Tom Brown is an independent energy company engaged in the domestic 
exploration for, and the acquisition, development, marketing, production and 
sale of, natural gas and crude oil.  The company, headquartered in Denver, 
Colorado, will be added to the S&P SmallCap 600 Oil & Gas (Exploration & 
Production) industry group.  
Radiant Systems offers fully integrated retail automation solutions 
including point of sale systems, consumer-activated ordering systems, back 
office management systems and headquarters-based management systems to the 
retail industry.  The company, headquartered in Alpharetta, Georgia, will be 
added to the S&P SmallCap 600 Computers (Software & Services) industry group.  
Bell Microproducts is a value-added provider of a wide range of high 
technology products, solutions, and services to the industrial and commercial 
marketplace.  The company, headquartered in San Jose, California, will be 
added to the S&P SmallCap 600 Services (Computer Systems) industry group.  


      Following is a summary of the announced changes: 
                        S&P 500 INDEX-November 30, 2000 
             COMPANY            ECONOMIC SECTOR    INDUSTRY GROUP 
    ADDED    Calpine Corp.      Utilities          Power Producers 
                                                   (Independent) 
    DROPPED  Florida Progress   Utilities          Electric Companies 
                       S&P MIDCAP 400 INDEX-November 30, 2000 
             COMPANY            ECONOMIC SECTOR    INDUSTRY GROUP 
    ADDED    KEMET Corp.        Capital Goods      Electrical Equipment 
    DROPPED  Calpine Corp.      Utilities          Power Producers 
                                                   (Independent) 
                      S&P SMALLCAP 600 INDEX-November 30, 2000 
             COMPANY            ECONOMIC SECTOR    INDUSTRY GROUP 
    ADDED    SCM Microproducts  Technology         Computers (Software & 
                                                   Services) 
             International      Technology         Communications Equipment 
             Fibercom 
    DROPPED  KEMET Corp.        Capital Goods      Electrical Equipment 
             Telxon Corp.       Technology         Computers (Hardware) 
                      S&P MIDCAP 400 INDEX-November 28, 2000 
             COMPANY            ECONOMIC SECTOR    INDUSTRY GROUP 
    ADDED    M&T Bank           Financials         Banks (Regional) 
                      S&P MIDCAP 400 INDEX-November 28, 2000 
             COMPANY            ECONOMIC SECTOR    INDUSTRY GROUP 
    ADDED    Emmis              Consumer Staples   Broadcasting (Television, 
             Communications                        Radio & Cable) 
             Advanced Fibre     Technology         Communications Equipment 
             Communications 
    DROPPED  Federal-Mogul      Consumer           Auto Parts & Equipment 
                                Cyclicals 
             MarchFirst Inc.    Technology         Services (Computer Systems) 
                      S&P SMALLCAP 600 INDEX-November 28, 2000 
             COMPANY            ECONOMIC SECTOR    INDUSTRY GROUP 
    ADDED    Tom Brown          Energy             Oil & Gas (Exploration 
                                                   & Production) 
             Radiant Systems    Technology         Computers (Software & 
                                                   Services) 
             Bell               Technology         Services (Computer Systems) 
             Microproducts 
    DROPPED  Sunrise Medical    Health Care        Health Care (Medical 
                                                   Products & Supplies) 
             Masco Tech, Inc.   Consumer           Auto Parts & Equipment 
                                Cyclicals 
             TALK.Com, Inc.     Communications     Telecommunications 
                                Services           (Long Distance) 


  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. 
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), 
provides independent financial information, analytical services, and credit 
ratings to the world's financial markets.  Among the company's many products 
are the S&P Global 1200, the world's first global, equity, real time index; 
the S&P 500, the premier U.S. portfolio index; and credit ratings on more than 
220,000 securities and funds worldwide.  With more than 5,000 employees 
located in 21 countries, Standard & Poor's is an integral part of the global 
financial infrastructure. 
  

SOURCE  Standard & Poor's  
-0-                             11/27/2000  
/CONTACT:  David Blitzer, Managing Director, Quantitative Services, Chief 
Investment Strategist, 212-438-3907, or Carol Levine, Communications Manager, 
Index Services, 212-438-3534, both of Standard & Poor's/  
/Web site:  http://www.spglobal.com/  
(MHP)  
CO:  Standard & Poor's; McGraw-Hill Companies 
ST:  New York 
IN:  PUB FIN 
SU:  PDT  
-0- Nov/27/2000 23:10 GMT