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

  NEW YORK, March 11 /PRNewswire-FirstCall/ -- Standard & Poor's will make
the following changes in the S&P 500 and S&P SmallCap 600 Indices after the
close of trading on Thursday, March 13, 2003: 


      *  Apartment Investment & Management Co. (NYSE: AIV) will replace AMR
       Corp. (NYSE: AMR) in the S&P 500 Index.  AMR is being removed on
       account of low market capitalization and price per share.
    *  Possis Medical Inc. (Nasdaq: POSS) will replace Aware Inc.
       (Nasdaq: AWRE) in the S&P SmallCap 600 Index.  Aware has closed at a
       price below $2.00 per share for 5 consecutive days.


  Apartment Investment & Management Co. is a REIT engaged in the ownership,
acquisition, redevelopment, expansion and management of multi-family apartment
properties.  The company, headquartered in Denver, CO, will be added to the
S&P 500 GICS (Global Industry Classification Standard) Real Estate Investment
Trusts sub-industry. 
Possis Medical Inc. is a developer, manufacturer and marketer of medical
devices, focused on the development of a device for the removal of
intravascular blood clots in a variety of clinical applications.  The company,
headquartered in Minneapolis, MN, will be added to the S&P SmallCap 600 GICS
Health Care Equipment sub-industry. 


      Following is a summary of the announced changes:
                          S&P 500 INDEX - March 13, 2003
             COMPANY           GICS ECONOMIC SECTOR          GICS SUB-INDUSTRY
    ADDED    Apartment              Financials                  Real Estate
            Investment &                                     Investment Trusts
             Management
    DELETED  AMR Corp.             Industrials                    Airlines
                          S&P SMALLCAP 600 INDEX - March 13, 2003
              COMPANY          GICS ECONOMIC SECTOR       GICS SUB-INDUSTRY
    ADDED    Possis Medical          Health Care         Health Care Equipment
    DELETED  Aware Inc.        Information Technology     Telecommunications
                                                               Equipment


  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 is a leader in providing highly valued financial data,
analytical research and investment and credit opinions to the global capital
markets. Among the company's many products are the S&P Global 1200, the first
real-time, global equity index, the S&P 500, the premier U.S. portfolio index,
and credit ratings on more than 220,000 securities and funds.  With 5,000
employees located in 19 countries, Standard & Poor's is an integral part of
the world's financial architecture. Additional information is available at
http://www.standardandpoors.com . 
Founded in 1888, The McGraw-Hill Companies is a global information
services provider meeting worldwide needs in the financial services, education
and business information markets through leading brands such as Standard &
Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than
350 offices in 33 countries. Sales in 2002 were $4.8 billion. Additional
information is available at http://www.mcgraw-hill.com .
  

SOURCE  Standard & Poor's 
-0-                             03/11/2003 
/CONTACT:  David Blitzer, Managing Director, Quantitative Services,
+1-212-438-3907, or Carol Levine, Communications Manager, +1-212-438-3534,
sp_global@standardandpoors.com, both of Standard & Poor's/ 


    /Web site:  http://www.standardandpoors.com
                http://www.mcgraw-hill.com /


(MHP AIV AMR) 
CO:  Standard & Poor's
ST:  New York
IN:  PUB FIN
SU:  ECO 
 
-0- Mar/11/2003 22:57 GMT
 
 
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