Pacific Exchange To Trade Options On iShares

The Pacific Exchange (PCX) announced that, on Wednesday, December 18, 2002, it will begin trading options on iShares Russell 1000 Index Fund (IWB); iShares Russell 1000 Value Index Fund (IWD); iShares Russell 2000 Value Index Fund (IWN).

iShares Russell 1000 Index Fund options will trade on the February expiration cycle with exercise limits set at 22,500 contracts. The issue will be traded by Lead Market Maker Catherine Clay of Timber Hill, LLC.

iShares Russell 1000 Value Index Fund options will trade on the February expiration cycle with exercise limits set at 31,500 contracts. The issue will be traded by Lead Market Maker Catherine Clay of Timber Hill, LLC.

iShares Russell 2000 Value Index Fund options will trade on the February expiration cycle with exercise limits set at 31,500 contracts. The issue will be traded by Lead Market Maker Catherine Clay of Timber Hill, LLC.