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OCC Promotes Leonard E. Neuzil To Corporate Information Officer

Date 08/09/2000

The Options Clearing Corporation (OCC) announced today that Leonard E. Neuzil, 53, is being promoted to Executive Vice President and Corporate Information Officer. He was most recently Senior Vice President, Production Systems.

In his new position, Neuzil, who has a 19-year history of successful leadership in OCC's technology development and operations, will have broader authority for overseeing all technology operations of OCC. Highlights of his career at OCC include the successful development and installation of INTRACS, OCC's core clearing and settlement system for derivatives, effective management of OCC's UNIX based systems and the successful integration of technology across all of the organization's computing platforms. Neuzil holds a BS in Business from Kentucky Christian University and is a graduate of Northwestern University's Kellogg Management Institute. He resides in Frankfort, Ill.

OCC Background

OCC, founded in 1973, is the largest clearing organization in the world for financial derivative instruments and was the first clearing house to receive a 'AAA' credit rating from Standard & Poor's Corporation. Operating under the jurisdiction of the Securities and Exchange Commission, OCC is jointly owned by The American Stock Exchange, Chicago Board Options Exchange, International Securities Exchange, Pacific Exchange and Philadelphia Stock Exchange. OCC is headquartered at 440 South LaSalle Street, Chicago, Ill. More information is available through its Web site at www.optionsclearing.com