NEW YORK, March 9, 2004 – Dow Jones Indexes and Wilshire Associates Incorporated have signed an agreement to co-brand, calculate, maintain, and disseminate four flagship Wilshire indexes and create a new global family of co-branded benchmark indexes.

Beginning in April 2004 Dow Jones Indexes will calculate, license and market the newly named Dow Jones Wilshire 5000 Composite Index, Dow Jones Wilshire 4500 Completion Index, Dow Jones Wilshire REIT (Real Estate Investment Trust) and Dow Jones Wilshire RESI (Real Estate Securities Index) indexes. In the second quarter of 2004, Dow Jones Indexes will assume the calculation and marketing of the Dow Jones Wilshire Style Indexes. Dow Jones Indexes and Wilshire Associates also plan to develop a global family of co-branded benchmark indexes. The first of these, the Dow Jones Wilshire Global Composite Index is scheduled for launch in the fourth quarter of 2004.

The Dow Jones Wilshire indexes will be free-float weighted, using the existing Dow Jones Indexes free-float methodologies that remove corporate shares that are not available for public trading. However, the Dow Jones Wilshire 5000 Composite Index, Dow Jones Wilshire 4500 Completion Index, Dow Jones Wilshire REIT and Dow Jones Wilshire RESI also will continue to be calculated with full shares for the sake of historical data continuity. The Dow Jones Wilshire Indexes also will use the Dow Jones Global Classification Standard, which will transition to the Dow Jones/FTSE Industry Classification Benchmark structure later this year.

"This partnership will satisfy market demand for a float adjusted Dow Jones Wilshire 5000, the most comprehensive index measuring U.S. equities," said Michael A. Petronella, president, Dow Jones Indexes/Ventures. &aquot;This is the index that is preferred by benchmark users including plan sponsors, consultants, money managers and researchers. We expect this partnership to be very successful."

"When I developed the Wilshire 5000 Index in 1974, I had no idea that 30 years later it would have gained such widespread acceptance and favor as the preferred measure of the total U.S. securities market," said Dennis A. Tito, chairman and founder of Wilshire Associates Incorporated. "Today scores of institutional investors, money managers, financial advisors, media – and even the Federal Reserve Bank – look to the Wilshire 5000 to get an accurate picture of the movement of our capital markets and the amount of wealth gained or lost. I'm excited by this alliance and we look forward to working with Dow Jones Indexes in developing additional indexes for investors worldwide," Tito noted.

The Dow Jones Wilshire Indexes will be available on market data vendor platforms, many in real-time format, and on the Dow Jones Indexes web site (www.djindexes.com) and (www.wilshire.com) websites. Dow Jones Indexes will also distribute data related to the Dow Jones Wilshire Indexes to data vendors and other users.

Wilshire Associates

Wilshire Associates is a global leader in providing investment consulting, multi-manager funds management and investment technology services to a wide variety of institutional and high net worth investors. Wilshire provides services to clients in more than 20 countries, representing in excess of 600 organizations with assets totaling more than $2.5 trillion. With eight offices on four continents, Wilshire Associates is dedicated to providing clients with the highest quality counsel, products and services. In 1972, Wilshire applied then-new computing technology to investment concepts and helped revolutionize the industry. Wilshire is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. Wilshire developed the Wilshire 5000 Total Market Index, the first asset/liability models for pension funds, the first U.S. equity style metrics work, and many other "firsts" as Wilshire grew and developed into a firm of more than 300 employees serving the investment needs of institutional clients around the world. For more information go to www.wilshire.com.