Amex to Voluntarily Delist 105 Option Classes

The American Stock Exchange® (Amex®) has announced that it will voluntarily delist 105 option classes from trading. Delisting of multiply-listed options will be effective on the Amex trading floor at the close of business on Wednesday, July 14, 1999. Delisting of singly-listed options on the Amex will be effective upon the expiration of each options' furthest term series. The Amex was the first exchange to begin a program to voluntarily delist options contracts, and today's announcement is in keeping with this ongoing program. As part of this program, the Amex from time to time will review listed options (including both single- and multiply-listed options) and may delist options if a determination is made that this will be in the collective best interests of the investing public and of Exchange member firms. Presently, any Amex option class that has been listed on the Amex for more than one year and has evidenced average daily options volume of less than 20 contracts is subject to review for possible delisting as part of this voluntary program.