Here ya go Larry (from the Frank Russell Co. web site):
russell.com
russell.com
Definitions
As of June 30,1998
Russell 3000® Index measures the performance of the 3,000 largest US companies based on total market capitalization, which represents approximately 98% of the investable US equity market. As of the latest reconstitution, the average market capitalization was approximately $3.7 billion; the median market capitalization was approximately $793.3 million. The index had a total market capitalization range of approximately $271.6 billion to $221.9 million.
Russell 1000® Index measures the performance of the 1,000 largest companies in the Russell 3000 Index, which represents approximately 89% of the total market capitalization of the Russell 3000 Index. As of the latest reconstitution, the average market capitalization was approximately $9.9 billion; the median market capitalization was approximately $3.7 billion. The smallest company in the index had an approximate market capitalization of $1,404.7 million.
Russell 2000® Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 11% of the total market capitalization of the Russell 3000 Index. As of the latest reconstitution, the average market capitalization was approximately $592.0 million; the median market capitalization was approximately $500.0 million. The largest company in the index had an approximate market capitalization of $1,402.7 million.
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Annual reconstitution maintains effectiveness of benchmarks
To maintain indexes that are truly representative of the US equity market, Frank Russell Company annually rebalances the Russell family of indexes. Each year on May 31, Russell ranks the 3,000 largest US stocks by market capitalization.
After the initial list of 3,000 eligible participants is determined, the shares outstanding for each company are adjusted for corporate cross-ownership and large private holdings. Therefore, the Russell Indexes include only the investable portion of the universe-that segment in which investors can freely transact shares.
These are the preliminary additions and deletions for the Russell 3000 Index. On July 8, the final membership lists for the Russell 3000 Index, Russell 2000 Index and Russell 1000 Index (alphabetically, without shares) will be available on this web site or by contacting Russell.
For more information on the index reconstitution process, see the index reconstitution fact sheet.
For more detail on the indexes, Russell offers summary and in-depth versions of our index construction and methodology.
The current (June 30, 1998) membership lists of the Russell 3000®, Russell 1000®, and Russell 2000® Indexes (alphabetically, without shares) is available to download in portable document format (PDF).
Russell 3000® Index—representing the broad market
Russell 1000® Index—representing large cap stocks
Russell 2000® Index—representing small cap stocks
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