FROM THE OFFICE OF PUBLIC AFFAIRS

Today Secretary O'Neill's financial advisors completed the sale of all of his shareholdings including his Alcoa stock and options. In accordance with the time span for divestiture that is established by the Office of Government Ethics regulations (within 90 days of the ethics commitment to divest), the Secretary had until June 22, 2001 to complete the divestiture. The Secretary's assets will be invested in diversified investment funds.