Goldman Sachs E-commerce Indexes -GSEC- and Goldman Sachs Sector Indexes -GSSI- Rebalanced On January, 24, 2000 Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 28, 2000--The Goldman Sachs Group, Inc. (NYSE: GS) announced today that the compositions of the Goldman Sachs E-Commerce Indexes (GSEC(TM)) and the Goldman Sachs Sector Indexes (GSSI(TM)) were rebalanced on Monday, January 24, 2000. The indexes are rebalanced semi-annually. GSEC, which were launched in August 1999, are designed to be representative and objective benchmarks of traded equity securities in the evolving, high growth U.S. electronic commerce sector. GSSI, which were launched in April 1998, are designed to serve as broadly representative benchmarks to reflect the unique constraints on sector mutual funds in the U.S. Developed jointly by the Goldman Sachs E-Commerce research team and Goldman Sachs Index Services, GSEC and GSSI are modified capitalization-weighted indexes. The following is a table of the number of constituents after rebalancing, the number of additions, the number of deletions and the maximum weight capitalizations for each index. -0- *T current no. no. of no. of Maximum of stocks additions deletions weight cap GSEC 64 26 0 7.5% GSEC Core 21 10 0 7.5% GSSI Consumer 304 31 17 7.5% GSSI Cyclical 246 10 28 7.5% GSSI Financials 251 9 6 5.0% GSSI Healthcare 96 15 5 7.5% GSSI Natural Resources 105 24 3 7.5% GSSI Technology (GSTI) 185 37 9 8.5% GSSI Utilities 152 24 2 7.5% The following tables list the additions and deletions to each of the indexes. GSEC GSEC CORE ---------------------------------------------------------------------- ADDITION ADDITION Ticker Name Ticker Name ---------------------------------------------------------------------- ARBA ARIBA INC ARBA ARIBA INC ASWX ACTIVE SOFTWARE INC CHINA CHINA COM CORP CHINA CHINA COM CORP CMDX CHEMDEX CORP CLIC CALICO COMM INC CMRC COMMERCE ONE INC DEL CMDX CHEMDEX CORP ETYS ETOYS INC CMRC COMMERCE ONE INC DEL HLTH HEALTHEON/WEBMD CORP COVD COVAD COMMUNICATIONS GROUP I ICGE INTERNET CAPITAL GROUP INC DCLK DOUBLECLICK INC NXCD NEXTCARD INC ETYS ETOYS INC PPRO PURCHASEPRO COM INC HLTH HEALTHEON/WEBMD CORP WBVN WEBVAN GROUP INC ICGE INTERNET CAPITAL GROUP INC JNPR JUNIPER NETWORKS INC KANA KANA COMMUNICATIONS INC NTAP NETWORK APPLIANCE INC NXCD NEXTCARD INC PPRO PURCHASEPRO COM INC RAZF RAZORFISH INC RBAK REDBACK NETWORKS INC SAP SAP AG SCNT SCIENT CORP SONE S1 CORP TIBX TIBCO SOFTWARE INC VIAN VIANT CORP VIGN VIGNETTE CORP VRSN VERISIGN INC WBVN WEBVAN GROUP INC ---------------------------------------------------------------------- GSSI Consumer Industries ---------------------------------------------------------------------- ADDITION DELETION Ticker Name Ticker Name ---------------------------------------------------------------------- XRX XEROX CORP GLW CORNING INC PBI PITNEY BOWES INC GLC GALILEO INTL INC TAN TANDY CORP LRW LABOR READY INC FJ FORT JAMES CORP STEI STEWART ENTERPRISES INC TVGIA TV GUIDE INC SIH SUN INTL HOTELS LTD NTH AMER CHTR CHARTER COMMUNICATIONS INC D BCF BURLINGTON COAT FACTORY WHSE NCR NCR CORP NEW CBRL CBRL GROUP INC CDWC CDW COMPUTER CTRS INC RML RUSSELL CORP XLA XCELERA COM INC HLYW HOLLYWOOD ENTMT CORP JOINA JONES INTERCABLE INC SBGI SINCLAIR BROADCAST GROUP INC CMDX CHEMDEX CORP CPU COMPUSA INC MPPP MP3 COM INC RBK REEBOK INTL LTD GETY GETTY IMAGES INC SOC SUNBEAM CORP TIVO TIVO INC PBY PEP BOYS MANNY MOE & JACK NBCI NBC INTERNET INC NCI NAVIGANT CONSULTING INC ETM ENTERCOM COMMUNICATIONS CORP CKR CKE RESTAURANTS INC TTEC TELETECH HLDGS INC FTL FRUIT OF THE LOOM LTD VVTV VALUEVISION INTL INC TTN TITAN CORP SIRI SIRIUS SATELLITE RADIO INC PGTV PEGASUS COMMUNICATIONS CORP LUMT LUMINANT WORLWIDE CORP WINK WINK COMMUNICATIONS INC LDIG LIBERTY DIGITAL INC MVSN MACROVISION CORP ICCI INSIGHT COMMUNICATIONS INC EMMS EMMIS COMMUNICATIONS CORP ANSR ANSWERTHINK CONSULTING GROUP ISCA INTERNATIONAL SPEEDWAY CORP IRM IRON MTN INC DEL ORLY O REILLY AUTOMOTIVE INC ---------------------------------------------------------------------- GSSI Cyclical Industries ---------------------------------------------------------------------- ADDITION DELETION Ticker Name Ticker Name ---------------------------------------------------------------------- UPS UNITED PARCEL SVC INC IP INTERNATIONAL PAPER CO PLUG PLUG PWR INC WY WEYERHAEUSER CO CTS CTS CORP PEB PE CORP SMMX SYMYX TECHNOLOGIES INC GP GEORGIA PAC CORP UWR UNITED WTR RES INC FJ FORT JAMES CORP ZBRA ZEBRA TECHNOLOGIES CORP CHA CHAMPION INTL CORP EUSA EAGLE USA AIRFREIGHT INC WLL WILLAMETTE INDS INC KLIC KULICKE & SOFFA INDS INC SSCC SMURFIT-STONE CONTAINER CORP HELX HELIX TECHNOLOGY CORP MEA MEAD CORP ROP ROPER INDS INC NEW TIN TEMPLE INLAND INC W WESTVACO CORP BOW BOWATER INC CDP CONSOLIDATED PAPERS INC DTC DOMTAR INC BCC BOISE CASCADE CORP ABY ABITIBI-CONSOLIDATED INC TGP GEORGIA PAC CORP LPX LOUISIANA PAC CORP RYN RAYONIER INC PCH POTLATCH CORP ORLY O REILLY AUTOMOTIVE INC WMO WAUSAU-MOSINEE PAPER CORP JBHT HUNT J B TRANS SVCS INC CHB CHAMPION ENTERPRISES INC LTV LTV CORP NEW FWC FOSTER WHEELER CORP GY GENCORP INC OH OAKWOOD HOMES CORP ---------------------------------------------------------------------- GSSI Financials ---------------------------------------------------------------------- ADDITION DELETION Ticker Name Ticker Name ---------------------------------------------------------------------- GS GOLDMAN SACHS GROUP INC CI CIGNA CORP TWE TD WATERHOUSE GROUP INC AET AETNA INC UB UNIONBANCAL CORP EFX EQUIFAX INC HCBK HUDSON CITY BANCORP INC GLB GLENBOROUGH RLTY TR INC NXCD NEXTCARD INC WYN WYNDHAM INTL INC DIR DONALDSON LUFKIN&JENRETT NEW NHI NATIONAL HEALTH INVS INC AJG GALLAGHER ARTHUR J & CO SIVB SILICON VY BANCSHARES WITC WIT CAP GROUP INC ---------------------------------------------------------------------- GSSI Healthcare ---------------------------------------------------------------------- ADDITION DELETION Ticker Name Ticker Name ---------------------------------------------------------------------- CI CIGNA CORP HSIC SCHEIN HENRY INC PEB PE CORP CVD COVANCE INC AET AETNA INC PRGO PERRIGO CO CRA PE CORP TRL TOTAL RENAL CARE HLDGS INC HGSI HUMAN GENOME SCIENCES INC BEV BEVERLY ENTERPRISES INC KING KING PHARMACEUTICALS INC MAXY MAXYGEN INC ABGX ABGENIX INC ENZN ENZON INC ALKS ALKERMES INC CRGN CURAGEN CORP PDLI PROTEIN DESIGN LABS INC DGX QUEST DIAGNOSTICS INC VRTX VERTEX PHARMACEUTICALS INC MEDX MEDAREX INC ---------------------------------------------------------------------- GSSI Natural Resources ---------------------------------------------------------------------- ADDITION DELETION Ticker Name Ticker Name ---------------------------------------------------------------------- BPA BP AMOCO P L C MCN MCN ENERGY GROUP INC IP INTERNATIONAL PAPER CO EQT EQUITABLE RES INC WY WEYERHAEUSER CO ATG AGL RES INC GP GEORGIA PAC CORP CHA CHAMPION INTL CORP WLL WILLAMETTE INDS INC SSCC SMURFIT-STONE CONTAINER CORP COC_A CONOCO INC MEA MEAD CORP TIN TEMPLE INLAND INC W WESTVACO CORP BOW BOWATER INC CDP CONSOLIDATED PAPERS INC DTC DOMTAR INC BCC BOISE CASCADE CORP ABY ABITIBI-CONSOLIDATED INC TGP GEORGIA PAC CORP PCL PLUM CREEK TIMBER CO INC LPX LOUISIANA PAC CORP RYN RAYONIER INC PCH POTLATCH CORP HC HANOVER COMPRESSOR CO HLDG C PDS PRECISION DRILLING CORP WMO WAUSAU-MOSINEE PAPER CORP ---------------------------------------------------------------------- GSSI Technology (GSTI) ---------------------------------------------------------------------- ADDITION DELETION Ticker Name Ticker Name ---------------------------------------------------------------------- JDSU JDS UNIPHASE CORP CATP CAMBRIDGE TECHNOLOGY PARTNERS, INC. ICGE INTERNET CAPITAL GROUP SMS SHARED MEDICAL SYSTEMS CORP. GLW CORNING INC TECD TECH DATA CORP. SLR SOLECTRON CORP MUEI MICRON ELECTRONICS, INC. EXDS EXODUS COMMUNICATIONS NDC NATIONAL DATA CORP. RHAT RED HAT INC IT GARTNER GROUP, INC. ARBA ARIBA INC. IM INGRAM MICRO, INC. JNPR JUNIPER NETWORKS INC. TSAI TRANSACTION SYSTEMS ARCHITECTS, INC. DCLK DOUBLECLICK INC PMS POLICY MANAGEMENT SYSTEMS CORP. CMRC COMMERCE ONE INC. VIGN VIGNETTE CORP INSP INFOSPACE COM INC KLAC KLA-TENCOR CORP BVSN BROADVISION, INC. TER TERADYNE INC LCOS LYCOS INC SDLI SDL, INC. PHCM PHONE.COM INC. EXTR EXTREME NETWORKS, INC. EMLX EMULEX CORP. AMKR AMKOR TECHNOLOGY, INC. CY CYPRESS SEMICONDUCTOR CORP. PRGN PEREGRINE SYSTEMS, INC. MACR MACROMEDIA, INC. SONE S1 CORP. ENGA ENGAGE TECHNOLOGIES INC SWCM SOFTWARE.COM INC. MERQ MERCURY INTERACTIVE CORP. ARTG ART TECHNOLOGY GROUP INC. IIXL IXL ENTERPRISES INC. USIX USINTERNETWORKING, INC. AFCI ADVANCED FIBRE COMM INC IDTI INTEGRATED DEVICE TECHNOLOGY, CLFY CLARIFY INC. MCRL MICREL, INC. SAWS SAWTEK INC. ENTU ENTRUST TECHNOLOGIES INC. ---------------------------------------------------------------------- GSSI Utilities ---------------------------------------------------------------------- ADDITION DELETION Ticker Name Ticker Name ---------------------------------------------------------------------- WCG WILLIAMS COMMUNICATIONS GRP JOINA JONES INTERCABLE INC WWCA WESTERN WIRELESS CORP PNM PUBLIC SVC CO N MEX FNSR FINISAR CORP KOREA KOREA THRUNET CO LTD TLCP TELECORP PCS INC NPNT NORTHPOINT COMMUNICATIONS GR KQIP KPNQWEST NV CL C NST NSTAR ABIZ ADELPHIA BUSINESS SOLUTIONS PTEL POWERTEL INC FCOM FOCAL COMMUNICATIONS CORP AETH AETHER SYSTEMS INC CMTN COPPER MTN NETWORKS INC SPLT SPLITROCK SVCS INC AERL AERIAL COMMUNICATIONS INC MCN MCN ENERGY GROUP INC RTHM RHYTHMS NETCONNECTIONS INC BIGT PINNACLE HLDGS INC VNWK VISUAL NETWORKS INC ADAP ADAPTIVE BROADBAND CORP PR PRICE COMMUNICATIONS CORP CITC CITADEL COMMUNICATIONS CORP EQT EQUITABLE RES INC ATG AGL RES INC ---------------------------------------------------------------------- *T Goldman Sachs is a leading global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The Firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. --30--tia/ny* CONTACT: The Goldman Sachs Group, Inc. Media Contact: Andrea Rachman or Leigh Pierce 212/902-5400 |