Standard & Poor's Announces Semi-Annual Reconstitution of

           Standard & Poor's/Barra Growth and Value Indices 
  NEW YORK, Dec. 10 /PRNewswire/ -- Standard & Poor's will make its
semi-annual changes to the S&P 500/Barra Growth, S&P 500/Barra Value, S&P
MidCap 400/Barra Growth, S&P MidCap 400/Barra Value, S&P SmallCap 600/Barra
Growth and S&P SmallCap 600/Barra Value indices after the close of trading on
Friday, December 17, 2004.  On March 18, 2005, the S&P/Barra Growth and Value
indices and their S&P parent indices will transition in their entirety to a
half-float market capitalization-weighted structure. 
The companies involved in the U.S. index restructuring announced on
December 8, as well as all subsequent additions, will be added to their new
S&P/Barra and parent S&P indices at their half-float market capitalization
A stock's categorization as either "growth" or "value" is determined by
its book-to-price ratio.  Using this measure, each U.S. index is split into
two mutually exclusive sets, each of which comprises roughly half of the
index's total market capitalization.  Each S&P/Barra Value Index contains
stocks with higher book-to-price ratios, whereas each S&P/Barra Growth Index
includes stocks whose book-to-price ratios are lower.  Like the parent indices
from which they are derived, the growth and value indices are market

      Following is a summary of the changes:
       S&P 500 Companies Transferring from Growth to Value
       TICKER            COMPANY
     A                 Agilent Technologies
     AMAT              Applied Materials
     CAH               Cardinal Health, Inc.
     DPH               Delphi Corporation
     FNM               Fannie Mae
     KLAC              KLA-Tencor Corp.
     KSS               Kohl's Corp.
     MMC               Marsh & McLennan
     MYL               Mylan Laboratories
     NFB               North Fork Bancorporation
     NSM               National Semiconductor
     PFE               Pfizer, Inc.
     SLR               Solectron
     TER               Teradyne Inc.
     TXN               Texas Instruments
         S&P 500 Companies Transferring from Value to Growth
       TICKER            COMPANY
     AAPL              Apple Computer
     BHI               Baker Hughes
     CA                Computer Associates Intl.
     CNP               CenterPoint Energy
     DGX               Quest Diagnostics
     FLR               Fluor Corp. (New)
     GENZ              Genzyme Corp.
     GLW               Corning Inc.
     GT                Goodyear Tire & Rubber
     GTW               Gateway Inc.
     HET               Harrah's Entertainment
     HSP               Hospira Inc.
     ITW               Illinois Tool Works
     LMT               Lockheed Martin Corp.
     MAR               Marriott Int'l.
     MAT               Mattel, Inc.
     MEDI              MedImmune Inc.
     NWL               Newell Rubbermaid Co.
     PCAR              PACCAR Inc.
     QLGC              QLogic Corp.
     ROK               Rockwell Automation, Inc.
     SGP               Schering-Plough
     SWK               Stanley Works
     TGT               Target Corp.
     TXU               TXU Corp.
     XOM               Exxon Mobil Corp.
         S&P MidCap 400 Companies Transferring from Growth to Value
       TICKER            COMPANY
     ATML              Atmel Corp.
     ATVI              Activision, Inc.
     CEN               Ceridian Corp. (New)
     CY                Cypress Semiconductor
     CYN               City National Corp.
     DV                DeVRY Inc.
     FIC               Fair, Isaac Corporation
     IRF               Intl Rectifier
     JEC               Jacobs Engineering Group
     KKD               Krispy Kreme Doughnuts
     LEE               Lee Enterprises
     LTXX              LTX Corp.
     MENT              Mentor Graphics
     NDN               99 (Cents) Only Stores
     OCR               Omnicare, Inc.
     PRGO              Perrigo Co.
     RCII              Rent-A-Center
     SMG               Scotts Co 'A'
     SNDK              SanDisk Corporation
     SNPS              Synopsys Inc.
     VAL               Valspar Corp
     VARI              Varian Inc.
         S&P MidCap 400 Companies Transferring from Value to Growth
       TICKER            COMPANY
     ACI               Arch Coal
     ADVS              Advent Software, Inc.
     ARG               Airgas Inc.
     ASBC              Associated Banc-Corp.
     BTU               Peabody Energy
     CK                Crompton Corporation
     CNF               CNF Inc.
     DDR               Developers Diversified Realty
     DY                Dycom Industries
     HRS               Harris Corp.
     HSC               Harsco Corp.
     LANC              Lancaster Colony
     NBL               Noble Energy, Inc
     NOI               National-Oilwell Inc.
     PCP               Precision Castparts
     PNR               Pentair Inc.
     STR               Questar Corp.
     VRC               Varco Int'l
       S&P SmallCap 600 Companies Transferring from Growth to Value
       TICKER            COMPANY
     ACDO              Accredo Health
     ACLS              Axcelis Technologies
     AEIS              Advanced Energy Industries
     BDY               Bradley Pharmaceuticals
     BELFB             Bel Fuse, Inc.
     BGG               Briggs & Stratton
     BRKS              Brooks Automation Inc.
     CCRD              Concord Communications
     CENX              Century Aluminum Co.
     CYMI              Cymer, Inc.
     DCOM              Dime Community Bancshares
     DJO               dj Orthopedics, Inc.
     DSPG              DSP Group
     FEIC              FEI Company
     FMT               Fremont Gen'l
     FRED              Fred's Inc.
     GB                Wilson Greatbatch Technologies Inc.
     GFF               Griffon Corp.
     GLDB              Gold Banc
     ICUI              ICU Medical
     IGI               Imagistics International
     IO                Input/Output Inc.
     IRN               Rewards Network Inc.
     ITRI              Itron, Inc.
     JILL              J Jill Group
     KOPN              Kopin Corp
     MAPS              MapInfo Corp.
     MGAM              Multimedia Games Inc.
     MNC               Monaco Coach
     MROI              MRO Software Inc.
     MVK               Maverick Tube Corp.
     NDC               NDCHealth Corp.
     PDX               Pediatrix Medical Group
     PHCC              Priority Healthcare Corp.
     PHTN              Photon Dynamics
     RGR               Sturm Ruger
     SBSE              SBS Technologies
     SNS               The Steak n Shake Co.
     TRDO              Intrado Inc.
     TTEK              Tetra Tech
     USPI              United Surgical Partners Int'l
     VECO              Veeco Instruments
     VICR              Vicor Corp
     VSEA              Varian Semiconductor Equip.
         S&P SmallCap 600 Companies Transferring from Value to Growth
       TICKER            COMPANY
     AGP               AMERIGROUP Corp.
     ATW               Atwood Oceanics, Inc.
     BBX               BankAtlantic Bancorp
     CAI               CACI International Services
     CLF               Cleveland-Cliffs
     CRY               Cryolife, Inc.
     CTR               Cato Corporation
     DGII              Digi International
     EDO               EDO Corp.
     EFD               eFunds Corp.
     EGN               Energen Corp
     GY                Gencorp
     IFSIA             Interface Inc'A'
     IHP               IHOP Corp
     ISSX              Internet Security Systems
     JLG               JLG Industries, Inc.
     KEX               Kirby Corp
     KRC               Kilroy Realty Corporation
     LAWS              Lawson Products
     LSS               Lone Star Technology
     MANT              ManTech International 'A'
     MTH               Meritage Homes Corp.
     NJR               New Jersey Resources
     NLS               The Nautilus Group
     PHLY              Philadelphia Consol. Hldg.
     PVH               Phillips-Van Heusen
     RAH               Ralcorp Holdings
     RBNC              Republic Bancorp Inc.
     REM               Remington Oil & Gas
     ROXI              Roxio, Inc.
     SUPX              Supertex Inc.
     TOO               Too, Inc.
     UBSI              United Bankshares, Inc.
     WPP               Wausau-Mosinee Paper Corp.
     WRLD              World Acceptance Corp.
     XEC               Cimarex Energy Co.

    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 companies concerned. 
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SOURCE  Standard & Poor's 

    -0-                             12/10/2004
    /CONTACT:  David M. Blitzer, Ph.D.
               Managing Director, Quantitative Services
               (212) 438-3907/
    /Web site: /
    /Web site: /

CO:  Standard & Poor's; McGraw-Hill Companies
ST:  New York
-0- Dec/10/2004 23:55 GMT
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