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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Paul Glenn who wrote (53637)	10/27/1999 7:09:00 PM
From: oilbabe	Respond to of 95453

Friede Goldman Halter, Inc. Added to S&P Smallcap 600 Index NEW YORK, Oct. 27 /PRNewswire/ -- Standard & Poor's will replace Halter Marine Group (Amex: HLX - news) in the S&P SmallCap 600 Index with Friede Goldman Halter, Inc. (NYSE: FGH - news) after the close of trading on a date to be announced. Friede Goldman International (NYSE: FGI - news) is acquiring Halter Marine and will change its name to Friede Goldman Halter immediately following the completion of the merger. Friede Goldman Halter provides conversion, retrofit and repair services for offshore drilling rigs, including jackups, submersibles, semisubmersibles and drillships. The company, headquartered in Jackson, Mississippi, will be added to the S&P SmallCap 600 Oil & Gas (Drilling & Equipment) industry group. Following is a summary of the announced changes: S&P SMALLCAP 600 INDEX-TBA COMPANY ECONOMIC SECTOR INDUSTRY GROUP ADDED Friede Goldman Energy Oil & Gas Halter, Inc. (Drilling & Equipment) DROPPED Halter Marine Group Capital Goods Manufacturing (Specialized) Standard & Poor's, a division of The McGraw-Hill Companies, Inc., provides financial, economic and investment information and analytical services to the global financial community. S&P calculates and maintains the S&P Global Index, which includes the S&P Euro and Euro Plus for Continental Europe, the S&P/TSE 60 for Canada, the S&P 500 for the U.S., the S&P/TOPIX 150 for Japan, the S&P Asia Pacific 100, the Latin America 40 and the United Kingdom 150. S&P also publishes the S&P MidCap 400, S&P SmallCap 600, S&P SuperComposite 1500 and S&P REIT Composite for the U.S. and the S&P/TSE Canadian MidCap and S&P/TSE Canadian SmallCap Indices. Over $750 billion is indexed to S&P indices. Founded in 1888, The McGraw-Hill Companies is a leading information services provider meeting worldwide needs in education, business, finance, the professions and government. The corporation employs 16,500 people located in more than 400 offices in 32 countries. Sales in 1998 were $3.7 billion. 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.