TO BUSINESS EDITOR:

NEW YORK, Feb. 19 /PRNewswire/ -- Four S&P MidCap 400 constituents will switch places with four S&P SmallCap 600 constituents after the close of trading on Thursday, February 26, 2004. This transfer will make each index more representative of its market capitalization range; the companies moving to the S&P MidCap 400 have market caps above $1 billion, while those moving to the S&P SmallCap 600 have market caps below that threshold. The transfers will be as follows:

S&P SmallCap 600 constituents AnnTaylor Stores Corp. (NYSE: ANN), Regis Corp. (NYSE: RGS), Harman International Industries Inc. (NYSE: HAR), and Jefferies Group Inc. (NYSE: JEF), will replace Carpenter Technology Corp. (NYSE: CRS), EGL Inc. (Nasdaq: EAGL), Investment Technology Group Inc. (NYSE:ITG) and Wausau-Mosinee Paper Corp. (NYSE: WMO) in the S&P MidCap 400 Index, while all companies leaving the S&P MidCap 400 are likewise to be placed in the S&P SmallCap 600.

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

AnnTaylor Stores Corporation is a specialty retailer of women's apparel, shoes and accessories. The company, headquartered in New York, NY will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Apparel Retail sub-industry.

Regis Corp. owns, operates and franchises hair salons throughout the world. The company, headquartered in Edina, MN, will be added to the S&P MidCap 400 GICS Specialty Stores sub-industry.

Harman Int'l Industries designs, manufactures and markets high-fidelity audio products and electronic systems for the consumer and professional markets. The company, headquartered in Washington, DC, will be added to the S&P MidCap 400 GICS Consumer Electronics sub-industry.

Jefferies Group operates with its subsidiaries as a full-service investment bank and institutional securities firm engaged in equity, convertible debt and high-yield securities brokerage and trading and investment banking. The company, headquartered in New York, NY, will be added to the S&P MidCap 400 GICS Investment Banking & Brokerage sub-industry.

Carpenter Technology manufactures, fabricates and distributes specialty metals and engineered products. The company, headquartered in Wyomissing, PA, will be added to the S&P SmallCap 600 GICS Steel sub-industry.

EGL Inc. is a global transportation, supply chain management and information services company. The company, headquartered in Houston, TX, will be added to the S&P SmallCap 600 GICS Air Freight & Logistics sub-industry.

Investment Technology Group is a provider of technology-based equity-trading services and transaction research to institutional investors and brokers. The company, headquartered in New York, NY, will be added to the S&P SmallCap 600 GICS Investment Banking & Brokerage sub-industry.

Wausau-Mosinee Paper produces printing and writing papers, technical specialty papers, and "away-from-home" towel and tissue products. The company, headquartered in Mosinee, WI, will be added to the S&P SmallCap 600 GICS Paper Products sub-industry.

Following is a summary of the announced changes:

                   S&P MIDCAP 400 INDEX - February 26, 2004

                  COMPANY        GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY


     ADDED     AnnTaylor Stores          Consumer          Apparel Retail
                                       Discretionary

                 Regis Corp.             Consumer         Specialty Stores
                                       Discretionary

             Harman International        Consumer       Consumer Electronics
                  Industries           Discretionary

               Jefferies Group          Financials      Investment Banking &
                                                             Brokerage

    DELETED  Carpenter Technology       Materials              Steel

                   EGL Inc.            Industrials         Air Freight &
                                                             Logistics

            Investment Technology       Financials      Investment Banking &
                    Group                                    Brokerage

             Wausau-Mosinee Paper       Materials          Paper Products

                  S&P SMALLCAP 600 INDEX - February 26, 2004

                 COMPANY         GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY

     ADDED  Carpenter Technology       Materials               Steel
                  EGL Inc.            Industrials     Air Freight & Logistics

            Investment Technology      Financials      Investment Banking &
                    Group                                    Brokerage

            Wausau-Mosinee Paper       Materials          Paper Products

    DELETED   AnnTaylor Stores          Consumer          Apparel Retail
                                      Discretionary

                 Regis Corp.            Consumer         Specialty Stores
                                      Discretionary

            Harman International        Consumer       Consumer Electronics
                 Industries           Discretionary

               Jefferies Group         Financials      Investment Banking &
                                                            Brokerage

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.

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SOURCE  Standard & Poor's