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Standard & Poor's Announces Changes to U.S. Indices

NEW YORK, Oct. 29 /PRNewswire/ -- S&P 500 constituent Freeport -McMoRan Copper & Gold Inc. (NYSE: FCX) will replace Schering-Plough Corp. (NYSE: SGP) in the S&P 100, S&P MidCap 400 constituent Inc. (NASD: PCLN) will replace Schering-Plough in the S&P 500, and MSCI Inc. (NYSE: MXB) will replace in the S&P MidCap 400, all after the close of trading on a date to be announced. Schering-Plough is merging with S&P 100 and 500 constituent Merck & Co. (NYSE: MRK) in a deal expected to be completed soon pending final approvals.

Standard & Poor's will monitor these transactions, and post any relevant updates on its website:

Freeport -McMoRan Copper & Gold is headquartered in Phoenix, AZ. is a global online travel company. Headquartered in Norwalk, CT, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Internet Retail Sub-Industry index.

MSCI is a provider of investment decision support tools. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Specialized Finance Sub-Industry index.

Following is a summary of the changes:

                                  S&P 100 INDEX -  TBA

                   -------         --------------------    -----------------
     ADDED    Freeport McMoRan           Materials          Diversified Metals
               Copper & Gold                                   & Mining

    DELETED   Schering-Plough           Health Care          Pharmaceuticals

                                  S&P  500 INDEX  -  TBA
                   -------         --------------------    -----------------
     ADDED           Consumer              Internet
                                      Discretionary             Retail

    DELETED    Schering-Plough         Health Care         Pharmaceuticals

                               S&P  MIDCAP 400 INDEX  -  TBA
                   -------         --------------------    -----------------
     ADDED          MSCI                Financials            Specialized

    DELETED            Consumer               Internet
                                       Discretionary             Retail

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit

About Standard & Poor's

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit

SOURCE Standard & Poor's

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