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To: Greg h2o who wrote (35462)	2/19/1998 9:21:00 PM
From: Glenn D. Rudolph	Respond to of 61433

Merrill launches new technology index Reuters Story - February 19, 1998 20:54 %FUND %US %STX %ELI %ENT %RCH %HOT MLO %DPR %ELC %BUS MSFT INTC IBM LU XRX V%REUTER P%RTR NEW YORK, Feb 19 (Reuters) - Merrill Lynch said on Thursday it introduced the Merrill Lynch 100 Technology Index, a new equally weighted index of the 100 largest market cap companies in the technology sector. The index will quoted on the American Stock Exchange under the symbol , the firm said. Merrill said the index could be used as a selection universe, a performance benchmark to index assets and as a basket for hedging. "There hasn't been a technology index that provides a diversified representation of the technology sector with a set of objective selection and maintenance rules," said Rosemary Berkery and Andrew Melnick, co-directors of Global Securities Research & Economics. The index offered exposure to the computer software and hardware sectors, services, networking and semiconductors, Merrill said. Companies on the index included Microsoft Corp , Intel Corp , International Business Machines Corp , Lucent Technologies Inc and Xerox Corp , Merrill said.