Amex to Trade Options on Fifteen Securities

  NEW YORK, May 15 /PRNewswire/ -- The American Stock Exchange will launch  trading in options on Wednesday, May 16, 2001 on the following Nasdaq Stock  Market and New York Stock Exchange listed stocks of:           -- Allegiance Telecom, Inc.  (Option Symbol: QGX/Stock Symbol: ALGX)      -- Arch Coal, Inc. (Symbol: ACI)      -- ASM International N.V.  (Option Symbol: IQB/Stock Symbol: ASMI)      -- ASM Lithography Holdings N.V.  (Option Symbol: MFQ/Stock Symbol: ASML)      -- AutoZone, Inc. (Symbol: AZO)      -- Elan Corporation plc  (Symbol: ELN)      -- FPL Group, Inc. (Symbol: FPL)      -- NTL Incorporated  (Symbol:  NLI)      -- Gilead Sciences, Inc.  (Option Symbol: GDQ/Stock Symbol: GILD)      -- Pharmaceutical Product Development, Inc. (Option Symbol: PJQ/Stock         Symbol: PPDI)      -- Jones Apparel Group, Inc. (Symbol: JNY)      -- The Southern Company (Symbol: SO)      -- Key Energy Services, Inc. (Symbol: KEG)      -- TXU Corp.  (Option Symbol: TXU)      -- Kinder Morgan, Inc. (Symbol: KMI)       Allegiance Telecom, Inc. options will open with position limits of  75,000 contracts.  The options will trade on the March expiration cycle.  The  specialist will be TFM Investment Group.  Allegiance Telecom, Inc. provides  telecommunications services to business, government, and other institutional  users in major metropolitan areas across the United States.      Arch Coal, Inc. options will open with  position limits of  22,500 contracts.  The options will trade on the January expiration cycle.  The specialist will be Eclipse J.V.  Arch Coal, Inc. mines, processes, and  markets low-sulphur coal from the surface, underground, and auger mines  located in western United States and in the central Appalachian region.      ASM International N.V. options will open with  position limits of  31,500 contracts.  The options will trade on the March expiration cycle.  The  specialist will be AGS Specialist Parnters.  ASM International N.V. through  its subsidiaries, designs, manufactures, markets, and services equipment and  materials used to produce semiconductor devices.      ASM Lithography Holdings N.V. options will open with  position limits of  75,000 contracts.  The options will trade on the January expiration cycle.  The specialist will be Susquehanna Investment Group.  ASM Lithography Holdings  N.V.  develops, manufactures, markets, and services photolithography  projections systems, known as wafer steppers and step and scan.      AutoZone, Inc. options will open with  position limits of  31,500 contracts.  The options will trade on the March expiration cycle.  The  specialist will be Botta Capital Management, LLC.  AutoZone, Inc.  is a  specialty retailer  of automotive parts, chemicals, and accessories targeting  the do-it-yourself consumer.      Elan Corporation plc options will open with  position limits of  75,000 contracts.  The options will trade on the January expiration cycle.  The specialist will be Cohen, Duffy & McGowan. Elan Corporation plc is a  specialty pharmaceutical company.  The Group's drug delivery technologies are  designed to aid and control the absorption and utilization of active  pharmaceutical compounds.      FPL Group, Inc. options will open with  position limits of  75,000 contracts.  The options will trade on the March expiration cycle.  The  specialist will be Eclipse J.V. FPL Group, Inc. is a public utility holding  company.      NTL Incorporated will open with  position limits of 75,000.  The options  will trade on the March expiration cycle.  The specialist will be  Letco-Specialist L.P.  NTL Incorporated provides communications services to  residential, business, and wholesale customers.      Gilead Sciences, Inc. will open with  position limits of 150,000 until  August 18, 2001 then be reduced to 75,000 contracts.  The options will trade  on the February expiration cycle.  The specialist will be Gateway Partners,  LLC.  Gilead Sciences, Inc. discovers, develops, and commercializes  therapeutics for viral diseases.      Pharmaceutical Product Development, Inc. will open with  position limits  of 63,000 until October 20, 2001 then be reduced to 31,500 contracts.  The  options will trade on the January expiration cycle.  The specialist will be  Wagner Stott Bear Specialist LLC.  Pharmaceutical Product Development, Inc.  provides global contract and consulting research and development services for  the pharmaceutical and biotechnology industries.      Jones Apparel Group, Inc. will open with  position limits of  31,500 contracts.  The options will trade on the February expiration cycle.  The specialist will be Wolverine Trading L.P.  Jones Apparel Group, Inc.  designs, and markets a variety of apparel, including sportswear, jeanswear,  suits, dresses, and footwear.      The Southern Company  will open with  position limits of  75,000 contracts.  The options will trade on the February expiration cycle.  The specialist will be Wolverine Trading L.P.  The Southern Company is the  parent company of Alabama Power, Georgia Power, Gulf Power, Mississippi Power,  and Savannah Electric.      Key Energy Services, Inc. will open with  position limits of  60,000 contracts.  The options will trade on the January expiration cycle.  The specialist will be Spear, Leeds & Kellogg.  Key Energy Services, Inc.  provides onshore, rig-based well services, including well maintenance,  workover, completion and re-completion.      TXU Corp.  will open with  position limits of  75,000 contracts.  The  options will trade on the January expiration cycle.  The specialist will be  Cranmer & Cranmer, Inc.  TXU Corp. is an energy services company with  multinational operations.      Kinder Morgan, Inc. will open with  position limits of  31,500 contracts.  The options will trade on the February expiration cycle.  The specialist will  be AGS Specialist Partners.  Kinder Morgan, Inc. is a midstream energy  company, operating natural gas and product pipelines, retail distribution,  electric generation and terminal assets.     The American Stock Exchange(R) (Amex(R)) a subsidiary of the National  Association of Securities Dealers, Inc. (NASD(R)), is the only primary  exchange that offers trading across a full range of equities, Exchange Traded  Funds (ETFs), including structured products and HOLDRS(SM), and options. In  addition to its role as a national equities market, the Amex is the leader in  ETF listings, listing 99 ETFs to date, and is the second-largest options  exchange in the U.S., trading options on broad-based and sector indexes as  well as domestic and foreign stocks. For more information, visit  http://www.amex.com.                     MAKE YOUR OPINION COUNT -  Click Here              http://tbutton.prnewswire.com/prn/11690X43626633      SOURCE  American Stock Exchange  /CONTACT:  Laura J. Orgon, 212-681-1700, ext. 200, for American Stock  Exchange/   /Web site:  http://www.amex.com/   CO:  American Stock Exchange  ST:  New York  IN:  FIN  SU:  -0- May/15/2001 15:31 GMT