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To: t2 who wrote (94188)4/14/2001 5:59:31 PM
From: hobo  Respond to of 436258
 
Re: NASCUAC Index. & The QQQ trust

Eligibility Criteria

To be eligible for inclusion in the Nasdaq-100 Index, a common security must be traded on the Nasdaq National Market tier of The Nasdaq Stock Market and meet the following criteria:

* the security must be of a non-financial company;

* only one class of security per issuer is allowed;

* the security may not be issued by an issuer currently in bankruptcy proceedings;

* the security must have average daily trading volume of at least 100,000 shares;

* the security must have "seasoned" on The Nasdaq Stock Market or another recognized market (generally, a company is considered to be seasoned by Nasdaq is it has been listed on a market for at least two years; in the case of spin-offs, the operating history of the spin-off will be considered);

* if a security would otherwise qualify to be in the top 25% of the issuers included in the Index by market capitalization, then a one-year "seasoning" criteria would apply;

* if the security is of a foreign issuer, the company must have a world-wide market value of at least $10 billion, a U.S. market value of at least $4 billion, and average trading volume on The Nasdaq Stock Market of at least 200,000 shared per day; in addition, foreign securities must be eligible for listed-options trading; and

* the issuer of the security may not have entered into a definitive agreement or other arrangement which would result in the security no longer being listed on The Nasdaq Stock Market within the next six months.

_____ The entire list follows on the site below ________

dynamic.nasdaq.com

The composition and percentage share weights provided are of the securities in the Nasdaq-100 Index. The composition of the Nasdaq-100 Trust will be adjusted from time to time to conform to changes in the composition and/or weighting of the securities in the Index. However, it is not always efficient to replicate identically the share composition of the Index if the transaction costs incurred by the Trust in so adjusting the securities held in the Trust would exceed the expected misweighting that would ensue by failing to replicate identically minor and insignificant share changes to the Index. Accordingly, to further the investment objective of the Trust, minor misweightings are generally permitted within the guidelines set forth in the prospectus for Nasdaq-100 Index Tracking Stock. It is also possible that for short periods of time, the Trust may not fully replicate the performance of the Index due to the temporary unavailability of certain Index securities in the secondary market or due to other extraordinary circumstances. For these and other reasons described in the prospectus for Nasdaq-100 Index Tracking Stock, the composition and weighting of securities held in the Nasdaq-100 Trust may from time to time differ from the composition and weighting of securities in the Index.

Other Info...

nasdaq.com