S&P Postpones Start Of New Index

Standard & Poor's, a leading provider of financial information and investment analysis, today announced postponement of the launch of its Income Trust Index in Canada, originally scheduled to commence operation at the end of June 2001. Due to the unique nature of this product, additional time is required by Standard & Poor's to complete the necessary research for this index and its sub indices, the Energy Trust index, and the REIT Index. The index launch will take place later this fall.

Standard & Poor's Income Trust Index will be calculated real-time, and will be disseminated through the Toronto Stock Exchange. Constituents, weights, and an index history will be released prior to the new index's launch.

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), provides independent financial information, analytical services, and credit ratings to the world's financial markets. Among the company's many products are the S&P Global 1200, the world's first global, equity, real time index; the S&P 500, the premier U.S. portfolio index; and credit ratings on more than 220,000 securities and funds worldwide. With more than 5,000 employees located in 18 countries, Standard & Poor's is an integral part of the global financial infrastructure.