Del Webb Added to S&P SmallCap 600 Index

Apr 18, 2001, 01:00 ET from Del Webb Corp.

    PHOENIX, April 18 /PRNewswire/ -- Del Webb Corp. (NYSE:   WBB; PCX), the
 nation's leading builder of active adult communities and sixth largest builder
 of family and country club communities, has been added to the Standard &
 Poor's SmallCap 600 Index.
     "We are pleased the Standard & Poor's Index Committee has chosen Del Webb
 to be included in its S&P SmallCap 600 Index," says John Spencer, executive
 vice president and chief financial officer at Del Webb.  "The committee's
 selection is a positive reflection on the overall strength of our company and
 will support increasing shareholder value."
     Del Webb has revenues of about $2 billion and has reported record earnings
 for five consecutive years.  The first of 76 million aging Baby Boomers have
 started entering the company's target "55 plus market."
     While any additions to and deletions from an S&P equity index do not
 reflect an opinion on the investment merits of the company, simply being added
 to the index raises the awareness of Del Webb's stock and is viewed as a good
 attribute by institutional investors.
     The S&P SmallCap 600 Index represents the small company segment of the
 U.S. market.  The Standard & Poor's Index Committee examines five main
 criteria when looking for Index candidates:  trading analysis, liquidity,
 ownership, fundamental analysis, market capitalization and sector
 representation.  Approximately $8 billion is indexed to the S&P SmallCap 600.
 
     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 21 countries, Standard & Poor's is an integral part of the global
 financial infrastructure.
 
     For more information about the Del Webb Corporation and its communities,
 go to www.delwebb.com
 
 

SOURCE Del Webb Corp.
    PHOENIX, April 18 /PRNewswire/ -- Del Webb Corp. (NYSE:   WBB; PCX), the
 nation's leading builder of active adult communities and sixth largest builder
 of family and country club communities, has been added to the Standard &
 Poor's SmallCap 600 Index.
     "We are pleased the Standard & Poor's Index Committee has chosen Del Webb
 to be included in its S&P SmallCap 600 Index," says John Spencer, executive
 vice president and chief financial officer at Del Webb.  "The committee's
 selection is a positive reflection on the overall strength of our company and
 will support increasing shareholder value."
     Del Webb has revenues of about $2 billion and has reported record earnings
 for five consecutive years.  The first of 76 million aging Baby Boomers have
 started entering the company's target "55 plus market."
     While any additions to and deletions from an S&P equity index do not
 reflect an opinion on the investment merits of the company, simply being added
 to the index raises the awareness of Del Webb's stock and is viewed as a good
 attribute by institutional investors.
     The S&P SmallCap 600 Index represents the small company segment of the
 U.S. market.  The Standard & Poor's Index Committee examines five main
 criteria when looking for Index candidates:  trading analysis, liquidity,
 ownership, fundamental analysis, market capitalization and sector
 representation.  Approximately $8 billion is indexed to the S&P SmallCap 600.
 
     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 21 countries, Standard & Poor's is an integral part of the global
 financial infrastructure.
 
     For more information about the Del Webb Corporation and its communities,
 go to www.delwebb.com
 
 SOURCE  Del Webb Corp.

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