Standard & Poor's Announces Changes to U.S. Indices

Standard & Poor's Announces Changes to U.S. Indices

  PR Newswire

  NEW YORK, Dec. 23

NEW YORK, Dec. 23 /PRNewswire/ -- Standard & Poor's will make the following
changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

    --  S&P 500 constituent Amazon.com Inc. (Nasdaq: AMZN) will replace
        Merrill Lynch & Co. Inc. (NYSE: MER) in the S&P 100, S&P
        MidCap 400 constituent SCANA Corp. (NYSE: SCG) will replace Merrill
        Lynch in the S&P 500, and Omega Healthcare Investors Inc. (NYSE:
        OHI) will replace SCANA in the S&P MidCap 400, all after the close
        of trading on Wednesday, December 31. Merrill Lynch is being acquired by
        S&P 100 and 500 constituent Bank of America Corp. (NYSE: BAC) in a
        transaction expected to be completed on or about that date, pending
        final approvals.

    --  S&P 500 constituent Costco Wholesale Corp. (Nasdaq: COST) will
        replace Wachovia Corp. (NYSE: WB) in the S&P 100, and Owens-Illinois
        Inc. (NYSE: OI) will replace Wachovia in the S&P 500, after the
        close of trading on Wednesday, December 31. Wachovia is being acquired
        by S&P 100 and 500 constituent Wells Fargo & Co. (NYSE: WFC) in
        a transaction expected to be completed on or about that date, pending
        final approvals.

    --  S&P MidCap 400 constituent FLIR Systems Inc. (Nasdaq: FLIR) will
        replace National City Corp. (NYSE: NCC) in the S&P 500, and Valley
        National Bancorp (NYSE: VLY) will replace FLIR Systems in the S&P
        MidCap 400 after the close of trading on Wednesday, December 31.
        National City is being acquired by S&P 500 constituent PNC Financial
        Services Group Inc. (NYSE: PNC) in a transaction expected to be
        completed on or about that date, pending final approvals.

    --  AMERISAFE Inc. (Nasdaq: AMSF) will replace FirstFed Financial Corp.
        (NYSE: FED), Actuant Corp. (NYSE: ATU) will replace BIOLASE Technology
        Inc. (Nasdaq: BLTI), American Physicians Capital Inc. (Nasdaq: ACAP)
        will replace Monaco Coach Corporation (NYSE: MNC), and Independent Bank
        Corp. (Nasdaq: INDB) will replace Libbey Inc. (NYSE: LBY) in the S&P
        SmallCap 600, after the close of trading on Wednesday, December 31.
        FirstFed Financial, BIOLASE Technology, Monaco Coach and Libbey all have
        market capitalizations below $25 million, whereas the minimum market cap
        needed to be admitted to the index is currently $200 million.

    --  Intermec, Inc. (NYSE: IN) will replace SI International Inc. (Nasdaq:
        SINT) in the S&P SmallCap 600 on a date to be announced.  Serco
        Group plc is acquiring SI International in a cash deal that  is still
        pending final approvals.

Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: www.standardandpoors.com.

Amazon.com operates retail websites. It is headquartered in Seattle, WA.

Costco Wholesale operates a chain of membership warehouses. It is
headquartered in Issaquah, WA.

SCANA is primarily engaged in the generation, transmission and distribution of
electricity. Headquartered in Columbia, SC, the company will be added to the
S&P 500 GICS (Global Industry Classification Standard) Multi-Utilities
Sub-Industry index.

Owens-Illinois is a manufacturer of glass containers. Headquartered in
Perrysburg, OH, the company will be added to the S&P 500 GICS Metal & Glass
Containers Sub-Industry index.

FLIR Systems is engaged in the design, manufacture and marketing of thermal
imaging systems. Headquartered in Wilsonville, OR, the company will be added
to the S&P 500 GICS Electronic Equipment & Instruments Sub-Industry index.

Valley National Bancorp operates commercial banks. Headquartered in Wayne, NJ,
the company will be added to the S&P MidCap 400 GICS Regional Banks
Sub-Industry index.

Omega Healthcare Investors is a real estate investment trust (REIT).
Headquartered in Timonium, MD, the company will be added to the S&P MidCap 400
GICS Specialized REITs Sub-Industry index.

AMERISAFE is an insurance company. Headquartered in DeRidder, LA, the company
will be added to the S&P SmallCap 600 GICS Property & Casualty Insurance
Sub-Industry index.

Actuant is a manufacturer of a range of industrial products and systems.
Headquartered in Butler, WI, the company will be added to the S&P SmallCap 600
GICS Industrial Machinery Sub-Industry index.

American Physicians Capital is a regional provider of medical professional
liability insurance. Headquartered in East Lansing, MI, the company will be
added to the S&P SmallCap 600 GICS Property & Casualty Insurance Sub-Industry
index.

Independent Bank operates a commercial bank. Headquartered in Rockland, MA,
the company will be added to the S&P SmallCap 600 GICS Regional Banks
Sub-Industry index.

Intermec designs, develops, manufactures, integrates, sells, and services
wired and wireless automated identification and data collection products.
Headquartered in Everett, WA, the company will be added to the S&P SmallCap
600 GICS Computer Storage & Peripherals Sub-Industry index.

Following is a summary of the changes:



                      S&P 100 INDEX    -  December 31, 2008

            COMPANY      GICS ECONOMIC SECTOR           GICS SUB-INDUSTRY

    ADDED   Amazon      Consumer Discretionary           Internet Retail

            Costco        Consumer Staples               Hypermarkets &
                                                          Super Centers


    DELETED Merrill Lynch    Financials                Investment Banking
                                                           & Brokerage

            Wachovia         Financials                 Diversified Banks




                            S&P 500 INDEX    -  December 31, 2008

            COMPANY        GICS ECONOMIC SECTOR        GICS SUB-INDUSTRY

    ADDED    SCANA              Utilities               Multi-Utilities

             Owens-Illinois     Materials                 Metal & Glass
                                                            Containers

             FLIR Systems   Information Technology     Electronic Equipment
                                                          & Instruments

    DELETED  Merrill Lynch       Financials             Investment Banking
                                                            & Brokerage

             Wachovia            Financials              Diversified Banks

             National City       Financials                Regional Banks




                     S&P MIDCAP 400 INDEX   - December 31, 2008

             COMPANY       GICS ECONOMIC SECTOR         GICS SUB-INDUSTRY

    ADDED    Valley           Financials                 Regional Banks
            National

             Omega            Financials                Specialized REITs
            Healthcare

    DELETED  FLIR Systems   Information Technology      Electronic Equipment
                                                            & Instruments

             SCANA                 Utilities              Multi-Utilities



                     S&P SMALLCAP 600 INDEX    -  December 31, 2008

             COMPANY        GICS ECONOMIC SECTOR        GICS SUB-INDUSTRY

    ADDED    AMERISAFE         Financials              Property & Casualty
                                                            Insurance

             Actuant           Industrials            Industrial Machinery

             American          Financials              Property & Casualty
            Physicians                                      Insurance
             Capital

             Independent Bank  Financials                 Regional Banks

    DELETED  FirstFed          Financials              Thrifts & Mortgage
             Financial                                       Finance

             BIOLASE           Health Care                 Health Care
            Technology                                      Equipment

             Monaco Coach   Consumer Discretionary          Automobile
                                                          Manufacturers

             Libbey         Consumer Discretionary         Housewares &
                                                           Specialties



                            S&P SMALLCAP 600 INDEX   - TBA

                COMPANY       GICS ECONOMIC SECTOR        GICS SUB-INDUSTRY

    ADDED    Intermec       Information Technology       Computer Storage &
                                                             Peripherals

    DELETED  SI             Information Technology     IT Consulting & Other
             International                                     Services

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider,
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About Standard & Poor's

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For more information, visit http://www.standardandpoors.com.

SOURCE Standard & Poor's

Website: http://www.standardandpoors.com
Contact: David M. Blitzer, Ph.D., Managing Director & Chairman of the Index
Committee, +1-212-438-3907
 
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