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Nasdaq-100 Index Tracking Stock (SM) Tops $10 Billion In Assets And Effects Stock Split

Date 20/03/2000

The Nasdaq Stock Market® reported today that total assets in the Nasdaq-100 Index Tracking Stock (SM) (Amex: QQQ) rose to a record level of over $10 billion as of Friday's close. In addition, the two-for-one stock split announced on February 14, 2000 that it became effective prior to the market open today.

The Nasdaq-100 Index Tracking Stock is composed of securities that represent ownership in the Nasdaq-100 TrustSM, a unit investment trust designed to track the performance of the Nasdaq-100 Index® . The Nasdaq-100 Index Tracking Stock was launched on March 10, 1999, to provide investors with an instrument that seeks to track the performance of the Nasdaq-100 Index. The Nasdaq-100 Trust began with less than $15 million in net assets and has increased substantially over this past year.

"We have just passed the one year anniversary and are thrilled to see the Trust surpass the $10 billion milestone. The interest is QQQ should increase further with the two-for-one stock split, making it more accessible to investors of all sizes, " said John L. Jacobs, Nasdaq Senior Vice President and the QQQ product manager. The Nasdaq-100 Index, launched in January 1985, has risen more than 19.5 percent this year alone, although past performance is not necessarily indicative of future performance.

The Nasdaq Stock Market lists nearly 5,000 companies, has the largest dollar volume of trades of any financial market, and trades more shares per day than any other major U.S. market. Current market capitalization is $6.44 trillion. Nasdaq® is a subsidiary of the National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry, self-regulatory organization in the United States. For additional information on the Nasdaq-100 Index or QQQ, please visit the Nasdaq-100 Website at www.nasdaq-100.com. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.