Ladenburg Thalmann Dropping Coverage on Retail, Special


                         Situations
                            & Hardlines Companies


  NEW YORK, Nov. 21 /PRNewswire/ -- Ladenburg Thalmann & Co. Inc.'s Research
Division dropped coverage on the following companies: 


       FTUS       Factory 2-U Stores, Inc.
     KSS        Kohl's Corporation
     SKO        ShopKo Stores, Inc.
     TGT        Target Corp.
     COH        Coach, Inc.
     NMGA       Neiman Marcus Group, Inc.
     OO         Oakley, Inc.
     SKS        Saks, Inc.
     DATCE      Datatec Systems, Inc.
     TREE       Lending Tree, Inc.
     FLWS       1-800-Flowers.com, Inc.
     SPGLA      Spiegel, Inc.
     CLE        Claire's Stores, Inc.
     HOTT       Hot Topic, Inc.
     WTSLA      The Wet Seal, Inc.
     AAP        Advance Auto Parts, Inc.
     AZO        AutoZone, Inc.
     PBY        The Pep Boys - Manny, Moe & Jack


  Ladenburg Thalmann & Co. Inc. is a member of the NYSE, AMEX, NASD and all
other principal exchanges.  Member of SIPC.  Securities in your account
protected up to $500,000.  For details please see www.sipc.org.  Ladenburg
Thalmann & Co. Inc.'s parent company, Ladenburg Thalmann Financial Services is
traded on the AMEX under the symbol LTS. 
This is neither an offer to sell nor a solicitation of an offer to buy any
of these securities. 
  Ladenburg Thalmann & Co. Inc. is a member of the National Association of
Securities Dealers, CRD number 505. 
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SOURCE  Ladenburg Thalmann & Co. Inc. 
-0-                             11/21/2002 
/CONTACT:  Alyssa Golub Small of Ladenburg Thalmann & Co. Inc.,
+1-212-409-2256/ 
/Web site:  http://www.ladenburg.com/ 
(LTS) 
CO:  Ladenburg Thalmann & Co. Inc.
ST:  New York
IN:  FIN REA
SU:  INO 
-0- Nov/21/2002 19:17 GMT