CUC International added to S&P 500 Index; Two companies added to S&P MidCap 400 Index

Business Wire, April 21, 1995

NEW YORK--(BUSINESS WIRE)--April 21, 1995--Standard & Poor's will replace E-Systems,Inc. (ESY) in the S&P 500 Index with CUC International Inc. (CU) after the close of trading on Friday, April 28, 1995. Raytheon Company (RTN), also a component of the S&P 500 Index, is acquiring E-Systems in a friendly cash tender offer scheduled to expire on that date.

CUC International, headquartered in Stamford, Conn., is one of the nation's largest membership-based consumer services companies and is currently a member of the S&P Midcap 400 Index. CUC, which will be added to the S&P 500 Specialized Services industry group, will be replaced in the S&P MidCap 400 Index by Manpower Inc. (MAN). Headquartered in Milwaukee, Manpower is the world's largest nongovernmental temporary employment services organization. Manpower will be added to the S&P MidCap 400 Commercial Services (Specialized) industry group.

Also on April 28, National Health Laboratories Holdings Inc. (NH) is expected to merge with Roche Biomedical Laboratories Inc., a subsidiary of Swiss-based Hoffmann-LaRoche Inc., to form a new company. That successor company, Laboratory Corporation of America (LH), will replace National Health Laboratories in the S&P MidCap 400 Index. It will be added to the S&P MidCap 400 Health Care Services industry group.

The Equity Services Group of Standard & Poor's, a division of the Financial Information Services Group of McGraw-Hill Inc., provides financial, economic, and investment information, as well as analytical services, to the global financial community and commodity trading markets.

The S&P Equity Services Group calculates and maintains the S&P 500, S&P MidCap 400, and S&P SmallCap 600 stock price indexes, which are widely considered key barometers of stock market activity and performance benchmarks for professional money managers. More than $260 billion is currently indexed to the S&P 500. Company additions and company deletions from the S&P equity indexes do not in any way reflect an opinion on the investment merits of the company.

CONTACT: Standard & Poor's

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Albert Neubert, 212/208-8716