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First ETF Launched on Chicago Board Options Exchange

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The newly-created iShares S&P 100 Index Fund began trading on the Chicago Board Options Exchange (CBOE) on 10/27/2000. The exchange-traded fund (ETF) will be managed by Barclays Global Investors (BGI) and will trade under the CBOE symbol OEF. The iShares S&P 100 Index Fund will trade only on the CBOE, and has an expense ratio of 0.20%.

"The expansion of the exchange-traded funds market to the CBOE is a testament to the growing popularity of this product," said Lee Kranefuss, CEO of BGI's Individual Investor Business.

"The iShares S&P 100 Index Fund offers the ability to establish long-term investments based on the market performance of the top 100 companies in the United States, with the ease of a single transaction," said CBOE Chairman and CEO William J. Brodsky.

Top Ten Holdings of the iShares S&P 100 Index Fund

Rank Ticker Company Weight
1 GE General Electric Co.
8.33%
2 CSCO Cisco Systems, Inc.
6.66%
3 INTC Intel Corp.
6.29%
4 MSFT Microsoft Corp.
5.02%
5 XOM Exxon Mobil Corp.
4.49%
6 C Citigroup, Inc.
3.58%
7 EMC EMC Corp.
3.37%
8 ORCL Oracle Corp.
3.34%
9 IBM International Bus. Machines
3.25%
10 WMT Wal-Mart Stores, Inc.
3.21%

Source: CBOE.com

Sector Weightings of the iShares S&P 100 Index Fund

Rank Sector
Weight
1 Technology
38.93%
2 Financial
14.16%
3 Capital Goods
12.12%
4 Consumer Cyclical
9.34%
5 Health Care
7.56%
6 Energy
5.78%
7 Consumer Staples
5.13%
8 Communications Services
3.43%
9 Basic Materials
1.62%
10 Utilities
1.23%

Source: CBOE.com

Historical Performance of the S&P 100 Index

Year
Return
1995
36.70%
1996
22.88%
1997
27.76%
1998
31.33%
1999
31.26%
2000 YTD (9/20/2000)
-1.30%

Source: CBOE.com