FT/S&P Actuaries World Index - Treatment of Merger of Waste Management and USA Waste Services

Business Wire, July 15, 1998

NEW YORK--(BUSINESS WIRE)--July 15, 1998--The FT/S&P Actuaries World Indices Policy Committee announces that subject to confirmation of the merger of Waste Management (USA) and USA Waste Services, Waste Management will be deleted from the World Index on 16 July 1998. The surviving company USA Waste Services will be renamed Waste Management, Inc. (New) and its shares adjusted accordingly.

Notes for Editors:

The FT/S&P Actuaries World Indices are jointly compiled by FTSE International, Goldman, Sachs & Co and Standard & Poor's in conjunction with the Institute of Actuaries and the Faculty of Actuaries. All enquiries should be made to Steven Vale at FTSE International in London on 44 (0)171 448 1810, Barbara Mueller, Goldman, Sachs & Co in New York on 1 (212) 902 6777 or Elliott Shurgin, Standard & Poor's in New York on 1 (212) 208 8709.

    CONTACT: FTSE International   Goldman, Sachs & Co.
              Steven Vale          Barbara Mueller
     London               212-902-6777
              0171-448-1821
              Standard & Poor's
              Elliott Shurgin
              212-208-8709