FTSE - Re Del of GTE Corp

RNS Number:1417N
FTSE
30 June 2000

Technical Release

               GTE Corp: Takeover by Bell Atlantic Corp
                       Changes in FTSE Indexes

Following the acquisition of GTE Corp (USA) by Bell Atlantic Corp
(USA), FTSE announces the following changes:


INDEX                     CHANGE                        EFFECTIVE FROM
                                                        START OF TRADING
                                                        ON:
                                                        
FTSE All-World Index      GTE Corp (2358194) will be    3 July 2000
                          deleted.
                          
                          Bell Atlantic Corp (2090571)
                          will remain in the index
                          with an increased share
                          total of 2,720 million
                          shares and be renamed
                          Verizon Communications.
                          
FTSE World Index          GTE Corp will be deleted.     3 July 2000
                          
                          Bell Atlantic Corp will
                          remain in the index with an
                          increased share total and
                          name change as above.
FTSE World Index Ex-      GTE Corp will be deleted.     3 July 2000
Multinationals            
                          Bell Atlantic Corp will
                          remain in the index with an
                          increased share total and
                          name change as above.

Notes for Editors:

Background to FTSE International

FTSE  International  Limited ("FTSE") is one of  the  world's  leading
experts  in  the  creation and management of  equity  indices  and  is
jointly  owned  by the London Stock Exchange and the Financial  Times.
With  offices in London, New York and Paris, FTSE services clients  in
77  countries worldwide.  It manages and develops globally  recognised
indices  ranging from the FTSE All-World Index to the real  time  FTSE
Eurotop  series  and  the  FTSE  100. The  company  has  collaborative
arrangements  with  the  London, Amsterdam, Brussels,  Norex,  Athens,
Luxembourg and Madrid stock exchanges, as well as with Nikkei of Japan
(Nihon Keizai Shimbun, Inc).
     
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investment analysis, performance measurement, asset allocation and for
creating  a wide range of index tracking funds. Committees  of  senior
fund   managers,   derivatives  experts,  actuaries  and   experienced
practitioners independently review all changes to the indexes ensuring
that they are accurate, timely and without bias.

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END
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