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To: puborectalis who wrote (31676)9/27/1999 8:50:00 PM
From: puborectalis  Respond to of 41369
 
Monday September 27, 7:30 pm Eastern Time

Company Press Release

On RadioWallStreet: Analyst Says AOL May Raise
Access Charges in Future

PHILADELPHIA--(BUSINESS WIRE)--Sept. 27, 1999--American Online Inc's (NYSE:AOL - news) market power and
wide range of services could result in higher, not lower, access charges in the future, a BancBoston Robertson Stephens analyst
said today in an exclusive interview on RadioWallStreet.

Going against popular sentiment, Michael Graham, who covers AOL and related Internet stocks, said that as the giant
company offers more services required by households--including telephones, newspapers, and cable--and as the delivery
mechanisms of these products merge, the potential exists for AOL to streamline and consolidate disparate monthly household
costs of $200.

''These products and services will all be bundled into one set of services offered by a big company,'' Graham said. If AOL is
that big company, ''in two or three years, fees could become $30-40 a month.''

Many analysts and columnists have stated that internet access fees are headed down as new entrants adopt low-cost or
free-service models. Due in part to this viewpoint, AOL's stock price has experienced pressure in recent weeks.

Graham's analysis takes into account that technology changes will reduce overall costs for households that choose a single
provider to deliver many services currently coming from multiple sources.

To access this exclusive RadioWallStreet broadcast, investors should go to:
vcall.com or go to the Investor Broadcast Network's Vcall website at
vcall.com.

RadioWallStreet is an Investor Broadcast Network service that broadcasts senior executive interviews, analyst roundtable
discussions, seminars and other events of interest to the investment community. The registered user base has grown from
30,000 at the beginning of 1999 to over 300,000. RadioWallStreet events are open to the investing public and may be heard
over the Internet.