FORTUNE 5 Hundred Ranked By Performance
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(FORTUNE Magazine) – Size of revenues is the measure we use to rank the FORTUNE 500, but it's not the only one that counts. That's why we also rate the 500 on 12 other performance criteria. Spinoffs and mergers accounted for many of the 500's top revenue and profit gains in 1998, but not at Eastman Kodak, the year's comeback kid. Profits there increased 27,700%, a rebound from a 1997 base shriveled by $1.7 billion in charges and write-offs. The largest absolute profits went to stalwarts like GE and IBM, which notched record earnings the old-fashioned way--by building on their dominance in high-value-added lines of business.

BIGGEST INCREASES IN REVENUES 500 REVENUES 1998 REVENUES %change REVENUES RANK RANK from 1997 $millions

1 STARWOOD HOTELS & RESORTS 327 417.6 4,832.0 2 WASTE MANAGEMENT 129 386.0 12,703.5 3 FIRSTAR CORP. 427 247.0 3,501.6 4 U.S. FOODSERVICE 298 225.5 5,506.9 5 HOST MARRIOTT 425 206.8 3,519.0 6 AVISTA CORP. 412 182.9 3,684.0 7 FRED MEYER 104 171.5 14,878.8 8 SEMPRA ENERGY 296 149.2 5,525.0 9 FEDERAL-MOGUL 349 147.4 4,468.7 10 MCI WORLDCOM 80 140.5 17,678.0 11 FLOWERS INDUSTRIES 426 136.1 3,505.3 12 UNITED STATES FILTER 457 135.0 3,234.6 13 BANKAMERICA CORP. 11 133.6 50,777.0 14 CONECTIV 477 115.8 3,071.6 15 WELLS FARGO 62 112.0 20,482.0 16 NEBCO EVANS 224 111.5 7,421.0 17 FIRSTENERGY 280 107.7 5,861.3 18 KN ENERGY 354 104.6 4,387.8 19 CITIGROUP 7 103.2 76,431.0 20 HALLIBURTON 85 96.8 17,353.1 21 BANK ONE CORP. 44 93.6 25,595.0 22 SUN HEALTHCARE GROUP 463 89.0 3,142.1 23 TEXAS UTILITIES 105 85.5 14,736.0 24 CHS ELECTRONICS 189 79.7 8,545.8 25 SUIZA FOODS 443 78.4 3,320.9 26 SAKS 267 75.5 6,219.9 27 WILLIAMS 216 73.7 7,658.3 28 PACIFICORP 168 73.2 9,442.5 29 3COM 303 72.2 5,420.4 30 REPUBLIC INDUSTRIES 83 69.7 17,487.3 31 WASHINGTON MUTUAL 128 69.4 12,745.6 32 CABLEVISION SYSTEMS 452 67.5 3,265.1 33 HOUSTON INDUSTRIES 147 67.1 11,488.5 34 SCIENCE APPLICATIONS INTL. 347 66.6 4,476.8 35 TECH DATA 145 63.4 11,529.0 36 RITE AID 149 63.2 11,375.1 37 UNITED AUTO GROUP 482 61.3 3,045.3 38 SUNTRUST BANKS 227 61.2 7,392.1 39 REGIONS FINANCIAL 476 60.7 3,072.5 40 QUALCOMM 440 59.7 3,347.9 41 ALLTEL 311 59.2 5,194.0 42 HOUSEHOLD INTERNATIONAL 185 58.2 8,707.6 43 NATIONAL CITY CORP. 201 56.7 8,070.8 44 ENRON 27 54.2 31,260.0 45 FIRST UNION CORP. 56 50.3 21,543.0 46 INTEGRATED HEALTH SERVICES 492 49.1 2,972.6 47 DELL COMPUTER 78 48.0 18,243.0 48 UNITED HEALTHCARE 84 47.2 17,355.0 49 ST. PAUL COS. 171 46.5 9,108.4 50 DANA 127 46.4 12,838.7 THE 500 MEDIAN 8.1 6,621.2

HIGHEST PROFITS 500 1998 PROFITS REVENUES PROFITS %change RANK RANK $millions from 1997

1 FORD MOTOR 2 22,071.0 218.9 2 GENERAL ELECTRIC 5 9,296.0 13.3 3 AT&T 10 6,398.0 37.9 4 EXXON 4 6,370.0 (24.7) 5 INTL. BUSINESS MACHINES 6 6,328.0 3.9 6 INTEL 40 6,068.0 (12.6) 7 CITIGROUP 7 5,807.0 87.1 8 PHILIP MORRIS 8 5,372.0 (14.9) 9 MERCK 37 5,248.2 13.7 10 BANKAMERICA CORP. 11 5,165.0 67.9 11 MICROSOFT 109 4,490.0 30.0 12 E.I. DU PONT DE NEMOURS 16 4,480.0 86.3 13 WAL-MART STORES 3 4,430.0 25.6 14 SBC COMMUNICATIONS 35 4,023.0 172.9 15 CHASE MANHATTAN CORP. 23 3,782.0 2.0 16 PROCTER & GAMBLE 17 3,780.0 10.7 17 AMERICAN INTERNATIONAL GROUP 22 3,765.6 13.0 18 AMERITECH 87 3,606.0 57.1 19 COCA-COLA 73 3,533.0 (14.4) 20 BELLSOUTH 52 3,527.0 8.2 21 FANNIE MAE 26 3,418.1 11.9 22 PFIZER 106 3,351.0 51.4 23 ALLSTATE 42 3,294.0 6.1 24 MORGAN STANLEY DEAN WITTER 29 3,276.0 26.7 25 BRISTOL-MYERS SQUIBB 77 3,141.2 (2.0) 26 BANK ONE CORP. 44 3,108.0 138.0 27 JOHNSON & JOHNSON 51 3,059.0 (7.4) 28 BELL ATLANTIC 25 2,965.3 20.8 29 GENERAL MOTORS 1 2,956.0 (55.9) 30 HEWLETT-PACKARD 14 2,945.0 (5.6) 31 FIRST UNION CORP. 56 2,891.0 52.5 32 BERKSHIRE HATHAWAY 112 2,830.0 48.8 33 AMERICAN HOME PRODUCTS 117 2,474.3 21.1 34 ABBOTT LABORATORIES 133 2,333.2 11.4 35 GTE 45 2,172.0 (22.2) 36 AMERICAN EXPRESS 72 2,141.0 7.5 37 ELI LILLY 160 2,097.9 -- 38 LIMITED 169 2,053.6 844.7 39 PEPSICO 54 1,993.0 (7.0) 40 CHEVRON 38 1,976.0 (39.3) 41 WELLS FARGO 62 1,950.0 44.3 42 TELE-COMMUNICATIONS 228 1,943.0 -- 43 WALT DISNEY 53 1,850.0 (5.9) 44 SCHERING-PLOUGH 200 1,756.0 21.6 45 UNITED PARCEL SERVICE 46 1,741.0 91.5 46 MOBIL 13 1,704.0 (47.9) 47 FREDDIE MAC 79 1,700.0 21.9 48 HOME DEPOT 32 1,614.0 39.1 49 MCDONALD'S 134 1,550.1 (5.6) 50 ITT INDUSTRIES 220 1,532.5 1,317.7 THE 500 MEDIAN 316.4

BIGGEST INCREASES IN PROFITS 500 PROFITS 1998 REVENUES % change PROFITS RANK RANK from 1997 $ millions

1 EASTMAN KODAK 121 27,700.0 1,390.0 2 BEST BUY 195 5,303.5 94.5 3 STARWOOD HOTELS & RESORTS 327 3,196.4 1,255.0 4 UNITED STATIONERS 480 2,418.1 58.0 5 NCR 258 1,642.9 122.0 6 ITT INDUSTRIES 220 1,317.7 1,532.5 7 CVS 99 951.5 396.4 8 LIMITED 169 844.7 2,053.6 9 ENRON 27 569.5 703.0 10 TIMES MIRROR 446 466.2 1,417.3 11 FLORIDA PROGRESS 416 418.8 281.7 12 RYERSON TULL 376 361.9 550.9 13 SUIZA FOODS 443 357.5 131.6 14 ENGELHARD 370 291.6 187.1 15 TURNER CORP. 375 233.2 19.6 16 COMPUTER ASSOCIATES INTL. 335 219.4 1,169.0 17 FORD MOTOR 2 218.9 22,071.0 18 GATEWAY 2000 223 215.5 346.4 19 WASHINGTON MUTUAL 128 208.6 1,486.9 20 YORK INTERNATIONAL 447 188.0 136.5 21 CENTRAL & SOUTH WEST 299 187.6 440.0 22 RITE AID 149 174.3 316.4 23 SBC COMMUNICATIONS 35 172.9 4,023.0 24 FORTUNE BRANDS 329 167.1 263.1 25 H.J. HEINZ 170 165.5 801.6 26 ENTERGY 146 161.1 785.6 27 RALSTON PURINA 293 161.0 1,105.7 28 BANK ONE CORP. 44 138.0 3,108.0 29 NEW CENTURY ENERGIES 418 126.6 342.0 30 R.R. DONNELLEY & SONS 277 125.5 294.6 31 USG 466 124.3 332.0 32 FIRSTAR CORP. 427 120.9 430.1 33 PHARMACIA & UPJOHN 243 113.9 691.0 34 SCIENCE APPLICATIONS INTL. 347 105.6 147.6 35 NAVISTAR INTERNATIONAL 211 99.3 299.0 36 MARSH & MCLENNAN 232 99.3 796.0 37 UNITED PARCEL SERVICE 46 91.5 1,741.0 38 KMART 21 90.6 568.0 39 CITIGROUP 7 87.1 5,807.0 40 E.I. DU PONT DE NEMOURS 16 86.3 4,480.0 41 MERCANTILE BANCORP. 496 83.4 375.3 42 BESTFOODS 194 81.3 624.0 43 PRUDENTIAL INS. CO. OF AMERICA 20 81.3 1,106.0 44 AON 259 80.9 540.5 45 LUCENT TECHNOLOGIES 33 79.3 970.0 46 BARNES & NOBLE 489 73.7 92.4 47 BANKAMERICA CORP. 11 67.9 5,165.0 48 RAYTHEON 69 64.0 864.0 49 LEXMARK INTERNATIONAL 486 63.1 243.0 50 IBP 126 62.4 190.0 THE 500 MEDIAN 6.4

*Excludes companies that lost money in 1997.

HIGHEST RETURNS ON... REVENUES 1998 500 PROFITS REVENUES as % of RANK RANK revenues

1 TIMES MIRROR 446 43.1 2 MICROSOFT 109 31.0 3 TELE-COMMUNICATIONS 228 26.4 4 STARWOOD HOTELS & RESORTS 327 26.0 5 COMPUTER ASSOCIATES INTL. 335 24.8 6 INTEL 40 23.1 7 PFIZER 106 22.8 8 LIMITED 169 22.0 9 SCHERING-PLOUGH 200 21.7 10 AMERITECH 87 21.0 11 ELI LILLY 160 20.9 12 BANK OF NEW YORK CO. 285 20.6 13 BERKSHIRE HATHAWAY 112 20.5 14 ITT INDUSTRIES 220 20.4 15 EMC 386 20.0 16 RALSTON PURINA 293 19.8 17 GANNETT 315 19.5 18 MERCK 37 19.5 19 COMERICA 460 18.9 20 COCA-COLA 73 18.8 21 ABBOTT LABORATORIES 133 18.7 22 AMERICAN HOME PRODUCTS 117 18.4 23 COMCAST 292 17.4 24 U.S. BANCORP 215 17.3 25 BRISTOL-MYERS SQUIBB 77 17.2 26 BB&T CORP. 488 16.7 27 NORFOLK SOUTHERN 351 16.6 28 SLM HOLDING 478 16.4 29 CISCO SYSTEMS 192 16.0 30 FLEET FINANCIAL GROUP 161 15.3 31 FORD MOTOR 2 15.3 32 BELLSOUTH 52 15.3 33 MELLON BANK CORP. 283 15.0 34 MBNA 310 14.9 35 WACHOVIA CORP. 276 14.8 36 PNC BANK CORP. 209 14.0 37 KEYCORP 238 14.0 38 GOLDEN WEST FINANCIAL CORP. 471 14.0 39 AIRTOUCH COMMUNICATIONS 313 14.0 40 SBC COMMUNICATIONS 35 14.0 41 TRIBUNE 491 13.9 42 REGIONS FINANCIAL 476 13.7 43 RYERSON TULL 376 13.5 44 FIRST UNION CORP. 56 13.4 45 PITNEY BOWES 359 13.3 46 NATIONAL CITY CORP. 201 13.3 47 SUNTRUST BANKS 227 13.1 48 JOHNSON & JOHNSON 51 12.9 49 BURLINGTON NO. SANTA FE 178 12.9 50 MERCANTILE BANCORP. 496 12.8 THE 500 MEDIAN 4.4

HIGHEST RETURNS ON... ASSETS 1998 500 PROFITS REVENUES as % of RANK RANK assets

1 LIMITED 169 45.1 2 RYERSON TULL 376 41.0 3 TIMES MIRROR 446 33.6 4 ITT INDUSTRIES 220 30.5 5 SCHERING-PLOUGH 200 22.4 6 DELL COMPUTER 78 21.2 7 GAP 174 20.8 8 MICROSOFT 109 20.1 9 RALSTON PURINA 293 19.9 10 BRISTOL-MYERS SQUIBB 77 19.3 11 INTEL 40 19.3 12 COCA-COLA 73 18.5 13 PFIZER 106 18.3 14 ABBOTT LABORATORIES 133 17.7 15 COMPUTER ASSOCIATES INTL. 335 17.4 16 EMC 386 17.4 17 ELI LILLY 160 16.7 18 MERCK 37 16.5 19 LEXMARK INTERNATIONAL 486 16.4 20 TJX 208 15.4 21 CISCO SYSTEMS 192 15.1 22 DOLLAR GENERAL 459 15.0 23 GANNETT 315 14.3 24 USG 466 14.1 25 ORACLE 234 14.0 26 WARNER-LAMBERT 157 13.6 27 SUN MICROSYSTEMS 164 13.4 28 PROCTER & GAMBLE 17 12.2 29 ROHM & HAAS 408 12.1 30 HOME DEPOT 32 12.0 31 GATEWAY 2000 223 12.0 32 AMERITECH 87 11.9 33 AMERICAN HOME PRODUCTS 117 11.7 34 CAMPBELL SOUP 222 11.7 35 AUTOMATIC DATA PROCESSING 328 11.7 36 JOHNSON & JOHNSON 51 11.7 37 W.W. GRAINGER 357 11.3 38 QUAKER OATS 325 11.3 39 E.I. DU PONT DE NEMOURS 16 11.3 40 COOPER INDUSTRIES 317 11.2 41 AVON PRODUCTS 308 11.1 42 COLGATE-PALMOLIVE 177 11.0 43 ILLINOIS TOOL WORKS 290 11.0 44 GENERAL MILLS 272 10.9 45 MAYTAG 379 10.8 46 AT&T 10 10.7 47 PUBLIX SUPER MARKETS 139 10.5 48 DOVER 324 10.4 49 WALGREEN 98 10.4 50 AVERY DENNISON 430 10.4 THE 500 MEDIAN 3.4

HIGHEST RETURNS ON... STOCKHOLDERS' EQUITY 1998 500 PROFITS REVENUES as % of RANK RANK equity 1 GENERAL MILLS 272 221.8 2 US WEST 135 199.7 3 QUAKER OATS 325 164.7 4 HILTON HOTELS 380 158.8 5 ITT INDUSTRIES 220 117.9 6 TIMES MIRROR 446 105.6 7 RALSTON PURINA 293 100.5 8 RYERSON TULL 376 97.8 9 AVON PRODUCTS 308 94.7 10 FORD MOTOR 2 94.3 11 LIMITED 169 92.0 12 US AIRWAYS GROUP 186 90.7 13 SLM HOLDING 478 76.7 14 CAMPBELL SOUP 222 75.5 15 AMERISOURCE HEALTH 188 67.1 16 USG 466 64.1 17 BESTFOODS 194 63.6 18 DELL COMPUTER 78 62.9 19 KELLOGG 246 56.5 20 MAYTAG 379 55.3 21 MERITOR AUTOMOTIVE 397 55.3 22 GAP 174 52.4 23 ELI LILLY 160 47.4 24 FORT JAMES 229 47.3 25 COMPUTER ASSOCIATES INTL. 335 47.1 26 SCHERING-PLOUGH 200 43.9 27 COCA-COLA 73 42.0 28 LEXMARK INTERNATIONAL 486 42.0 29 BRISTOL-MYERS SQUIBB 77 41.5 30 MERCK 37 41.0 31 ABBOTT LABORATORIES 133 40.8 32 COLGATE-PALMOLIVE 177 40.7 33 NAVISTAR INTERNATIONAL 211 38.9 34 PFIZER 106 38.0 35 H.J. HEINZ 170 36.2 36 PITNEY BOWES 359 35.0 37 EASTMAN KODAK 121 34.9 38 TJX 208 34.7 39 WARNER-LAMBERT 157 34.7 40 PHILIP MORRIS 8 33.2 41 AMERITECH 87 33.1 42 HERSHEY FOODS 350 32.7 43 INTL. BUSINESS MACHINES 6 32.6 44 MBNA 310 32.5 45 CONTINENTAL AIRLINES 207 32.1 46 E.I. DU PONT DE NEMOURS 16 31.5 47 SBC COMMUNICATIONS 35 31.5 48 PEPSICO 54 31.1 49 PROCTER & GAMBLE 17 30.9 50 ESTEE LAUDER 417 30.6 THE 500 MEDIAN 13.4

HIGHEST TOTAL RETURN TO INVESTORS* 1 YEAR 500 REVENUES RANK RANK 1998%

1 DELL COMPUTER 78 248.5 2 BEST BUY 195 232.9 3 APPLE COMPUTER 273 211.9 4 EMC 386 209.8 5 LUCENT TECHNOLOGIES 33 175.9 6 ALLEGIANCE 341 165.6 7 LEXMARK INTERNATIONAL 486 164.5 8 CISCO SYSTEMS 192 149.7 9 UNISYS 231 148.2 10 GAP 174 138.4 11 MCI WORLDCOM 80 137.2 12 STAPLES 236 136.1 13 SOLECTRON 306 123.6 14 LOWE'S 137 115.4 15 SUN MICROSYSTEMS 164 114.7 16 MICROSOFT 109 114.6 17 BINDLEY WESTERN 217 113.2 18 SHAW INDUSTRIES 422 109.9 19 CABLEVISION SYSTEMS 452 109.4 20 HOME DEPOT 32 108.4 21 WAL-MART STORES 3 107.7 22 WELLPOINT HEALTH NETWORKS 256 105.9 23 CHARLES SCHWAB 435 101.8 24 TIME WARNER 108 101.1 25 MICRON TECHNOLOGY 487 94.9 26 ORACLE 234 93.3 27 SAFEWAY 48 92.7 28 TEXAS INSTRUMENTS 191 91.4 29 WALGREEN 98 87.8 30 FORD MOTOR 2 86.8 31 COMCAST 292 86.3 32 WARNER-LAMBERT 157 83.4 33 AMERICAN STORES 67 82.3 34 BELLSOUTH 52 80.9 35 KOHL'S 413 80.4 36 SCHERING-PLOUGH 200 79.6 37 VIACOM 138 78.6 38 PECO ENERGY 309 77.9 39 INTL. BUSINESS MACHINES 6 77.5 40 AIRTOUCH COMMUNICATIONS 313 74.3 41 AFLAC 237 73.0 42 CVS 99 72.7 43 TRICON GLOBAL RESTAURANTS 190 72.5 44 DANAHER 498 72.3 45 BECTON DICKINSON 468 72.2 46 RITE AID 149 71.5 47 TJX 208 69.6 48 MAYTAG 379 69.0 49 INTEL 40 69.0 50 PFIZER 106 68.9 THE 500 MEDIAN 7.9

[HIGHEST TOTAL RETURN TO INVESTORS*] 10 YEARS 500 1988-98 REVENUES ANNUAL RANK RANK RATE %

1 DELL COMPUTER 78 79.7 2 EMC 386 69.0 3 CHARLES SCHWAB 435 63.4 4 MICROSOFT 109 57.5 5 CONSECO 212 47.0 6 BEST BUY 195 46.0 7 INTEL 40 44.8 8 HOME DEPOT 32 44.8 9 UNITED HEALTHCARE 84 44.1 10 APPLIED MATERIALS 382 40.8 11 ORACLE 234 40.4 12 DOLLAR GENERAL 459 40.4 13 GAP 174 39.0 14 CARDINAL HEALTH 93 38.7 15 PACIFICARE HEALTH SYSTEMS 167 37.3 16 PROGRESSIVE 305 37.2 17 LOWE'S 137 36.0 18 PFIZER 106 36.0 19 FANNIE MAE 26 35.7 20 COMPAQ COMPUTER 28 35.7 21 SUN MICROSYSTEMS 164 35.3 22 FIRSTAR CORP. 427 35.3 23 SCHERING-PLOUGH 200 34.6 24 SERVICEMASTER 333 34.4 25 WASTE MANAGEMENT 129 34.3 26 FREDDIE MAC 79 33.7 27 WALGREEN 98 33.4 28 MICRON TECHNOLOGY 487 32.2 29 OMNICOM GROUP 378 31.8 30 CITIGROUP 7 31.7 31 OFFICE DEPOT 176 31.6 32 DANAHER 498 31.6 33 MCKESSON HBOC 59 31.2 34 BERKSHIRE HATHAWAY 112 31.0 35 WARNER-LAMBERT 157 30.9 36 QUANTUM 284 30.6 37 MERRILL LYNCH 19 30.2 38 COCA-COLA 73 30.1 39 NIKE 166 29.9 40 AFLAC 237 29.9 41 KROGER 36 29.9 42 CENDANT 282 29.7 43 WELLS FARGO 62 29.6 44 GILLETTE 159 29.5 45 BANK OF NEW YORK CO. 285 29.2 46 AVON PRODUCTS 308 29.1 47 TECH DATA 145 28.6 48 STATE STREET CORP. 366 28.5 49 MELLON BANK CORP. 283 28.4 50 GENERAL ELECTRIC 5 28.0 THE 500 MEDIAN 16.5

GREATEST GROWTH IN EARNINGS PER SHARE 10 YEARS 500 1988-98 REVENUES ANNUAL RANK RANK RATE %

1 DELL COMPUTER 78 51.3 2 SUNOCO 240 47.6 3 CHARLES SCHWAB 435 47.2 4 MICROSOFT 109 39.1 5 BEST BUY 195 33.8 6 ORACLE 234 32.6 7 DOLLAR GENERAL 459 31.8 8 PAINE WEBBER GROUP 230 31.8 9 PACIFICARE HEALTH SYSTEMS 167 31.5 10 STARWOOD HOTELS & RESORTS 327 30.8 11 HOME DEPOT 32 30.5 12 KROGER 36 29.2 13 LIMITED 169 28.5 14 GAP 174 28.2 15 OFFICE DEPOT 176 28.0 16 INTEL 40 27.1 17 COMPUTER ASSOCIATES INTL. 335 26.8 18 AIRBORNE FREIGHT 475 26.8 19 COMDISCO 455 26.8 20 SUN MICROSYSTEMS 164 24.0 21 RELIANCE GROUP HOLDINGS 437 23.9 22 TECH DATA 145 21.7 23 SOUTHWEST AIRLINES 371 21.1 24 CONSECO 212 21.0 25 CARDINAL HEALTH 93 21.0 26 ANIXTER INTERNATIONAL 473 20.8 27 BERKSHIRE HATHAWAY 112 20.6 28 GRAYBAR ELECTRIC 404 19.8 29 FANNIE MAE 26 19.7 30 LOWE'S 137 19.5 31 BEAR STEARNS 204 19.3 32 SCHERING-PLOUGH 200 18.4 33 CSX 162 18.4 34 MATTEL 331 18.3 35 WAL-MART STORES 3 18.3 36 ENRON 27 18.0 37 AFLAC 237 17.2 38 FREDDIE MAC 79 17.1 39 SLM HOLDING 478 17.1 40 PROGRESSIVE 305 16.9 41 SCI SYSTEMS 245 16.7 42 LEGGETT & PLATT 436 16.2 43 SCIENCE APPLICATIONS INTL. 347 15.9 44 NEWELL 407 15.9 45 PFIZER 106 15.8 46 UNITED STATIONERS 480 15.6 47 OMNICOM GROUP 378 15.6 48 PUBLIX SUPER MARKETS 139 15.6 49 STATE STREET CORP. 366 15.5 50 MERCK 37 15.5 THE 500 MEDIAN 7.0

*Including capital gains or losses plus reinvested dividends.

HIGHEST MARKET VALUE 500 REVENUES 3/15/99 RANK RANK $ millions

1 MICROSOFT 109 418,579 2 GENERAL ELECTRIC 5 360,251 3 WAL-MART STORES 3 212,850 4 MERCK 37 198,868 5 INTEL 40 196,616 6 PFIZER 106 182,211 7 AT&T 10 180,156 8 EXXON 4 178,913 9 COCA-COLA 73 169,350 10 CISCO SYSTEMS 192 166,616 11 INTL. BUSINESS MACHINES 6 165,747 12 MCI WORLDCOM 80 160,654 13 AMERICAN INTL. GROUP 22 151,844 14 CITIGROUP 7 148,885 15 LUCENT TECHNOLOGIES 33 139,526 16 BRISTOL-MYERS SQUIBB 77 129,518 17 BANKAMERICA CORP. 11 127,145 18 JOHNSON & JOHNSON 51 122,225 19 PROCTER & GAMBLE 17 121,654 20 BERKSHIRE HATHAWAY 112 114,802 21 DELL COMPUTER 78 111,322 22 ELI LILLY 160 105,872 23 SBC COMMUNICATIONS 35 104,211 24 HOME DEPOT 32 95,523 25 PHILIP MORRIS 8 93,699 26 BELLSOUTH 52 91,163 27 AMERICAN HOME PRODUCTS 117 88,751 28 TIME WARNER 108 85,393 29 BELL ATLANTIC 25 85,146 30 SCHERING-PLOUGH 200 84,658 31 ABBOTT LABORATORIES 133 76,845 32 FANNIE MAE 26 73,701 33 CHASE MANHATTAN CORP. 23 73,657 34 WALT DISNEY 53 73,572 35 AMERITECH 87 73,081 36 HEWLETT-PACKARD 14 72,643 37 MOBIL 13 71,760 38 FORD MOTOR 2 70,882 39 GILLETTE 159 67,983 40 BANK ONE CORP. 44 67,163 41 E.I. DU PONT DE NEMOURS 16 64,145 42 GENERAL MOTORS 1 63,839 43 WELLS FARGO 62 63,502 44 GTE 45 60,621 45 WARNER-LAMBERT 157 60,527 46 MCDONALD'S 134 59,925 47 MORGAN STANLEY DEAN WITTER 29 58,922 48 EMC 386 58,579 49 PEPSICO 54 57,185 50 AMERICAN EXPRESS 72 56,650 THE 500 MEDIAN 7,674

MOST ASSETS 500 REVENUES 1998 RANK RANK $ millions

1 CITIGROUP 7 668,641 2 BANKAMERICA CORP. 11 617,679 3 FANNIE MAE 26 485,014 4 CHASE MANHATTAN CORP. 23 365,875 5 GENERAL ELECTRIC 5 355,935 6 FREDDIE MAC 79 321,421 7 MORGAN STANLEY DEAN WITTER 29 317,590 8 MERRILL LYNCH 19 299,804 9 PRUDENTIAL INS. CO. OF AMER. 20 279,422 10 BANK ONE CORP. 44 261,496 11 J.P. MORGAN & CO. 76 261,067 12 GENERAL MOTORS 1 257,389 13 TIAA-CREF 18 249,715 14 FORD MOTOR 2 237,545 15 FIRST UNION CORP. 56 237,363 16 METROPOLITAN LIFE INSURANCE 39 215,346 17 WELLS FARGO 62 202,475 18 AMERICAN INTL. GROUP 22 194,398 19 WASHINGTON MUTUAL 128 165,493 20 BEAR STEARNS 204 154,496 21 LEHMAN BROTHERS HOLDINGS 66 154,000 22 HARTFORD FINAN. SERVICES 102 150,632 23 BANKERS TRUST CORP. 140 133,115 24 AMERICAN EXPRESS 72 126,933 25 BERKSHIRE HATHAWAY 112 122,237 26 CIGNA 57 114,612 27 STATE FARM INSURANCE COS. 12 111,376 28 AETNA 61 105,148 29 AMERICAN GENERAL 156 105,107 30 NATIONWIDE INS. ENTERPRISE 125 104,624 31 FLEET FINANCIAL GROUP 161 104,382 32 LINCOLN NATIONAL 270 93,836 33 SUNTRUST BANKS 227 93,170 34 EXXON 4 92,630 35 NEW YORK LIFE INSURANCE 68 90,368 36 NATIONAL CITY CORP. 201 88,246 37 ALLSTATE 42 87,691 38 INTL. BUSINESS MACHINES 6 86,100 39 MCI WORLDCOM 80 80,193 40 KEYCORP 238 80,020 41 NORTHWESTERN MUT. LIFE INS. 107 77,996 42 PNC BANK CORP. 209 77,207 43 U.S. BANCORP 215 76,438 44 PRINCIPAL FINANCIAL 213 73,943 45 BANKBOSTON CORP. 218 73,513 46 LOEWS 60 70,906 47 MASS. MUTUAL LIFE INS. 153 68,166 48 JOHN HANCOCK MUT. LIFE INS. 179 67,079 49 WACHOVIA CORP. 276 64,123 50 BANK OF NEW YORK CO. 285 63,579 THE 500 MEDIAN 7,839

BIGGEST EMPLOYERS 500 1998 REVENUES number of RANK RANK employees

1 WAL-MART STORES 3 910,000 2 GENERAL MOTORS 1 594,000 3 FORD MOTOR 2 345,175 4 UNITED PARCEL SERVICE 46 333,000 5 SEARS ROEBUCK 15 324,000 6 GENERAL ELECTRIC 5 293,000 7 INTL. BUSINESS MACHINES 6 291,067 8 MCDONALD'S 134 284,000 9 KMART 21 278,525 10 COLUMBIA/HCA HEALTHCARE 74 260,000 11 J.C. PENNEY 31 250,000 12 BOEING 9 227,000 13 UNITED TECHNOLOGIES 43 178,800 14 BANKAMERICA CORP. 11 170,975 15 CITIGROUP 7 170,100 16 LOCKHEED MARTIN 41 170,000 17 SAFEWAY 48 170,000 18 TRICON GLBL. RESTAURANTS 190 169,000 19 DAYTON HUDSON 30 165,750 20 ARAMARK 262 150,000 21 PHILIP MORRIS 8 144,000 22 LUCENT TECHNOLOGIES 33 141,600 23 PEPSICO 54 141,000 24 BELL ATLANTIC 25 140,439 25 HOME DEPOT 32 140,000 26 KROGER 36 140,000 27 SARA LEE 64 140,000 28 MARRIOTT INTERNATIONAL 206 133,000 29 MOTOROLA 34 133,000 30 SBC COMMUNICATIONS 35 129,850 31 MAY DEPARTMENT STORES 120 127,000 32 HEWLETT-PACKARD 14 124,600 33 AMERICAN STORES 67 121,000 34 ELECTRONIC DATA SYSTEMS 90 120,000 35 GTE 45 120,000 36 FEDERATED DEPT. STORES 95 118,800 37 WALT DISNEY 53 117,000 38 AMR 71 116,300 39 DARDEN RESTAURANTS 448 114,800 40 FDX 94 113,000 41 EMERSON ELECTRIC 118 111,800 42 GAP 174 111,000 43 PROCTER & GAMBLE 17 110,000 44 RAYTHEON 69 108,200 45 AT&T 10 107,800 46 HALLIBURTON 85 107,800 47 ALCOA 96 103,500 48 E.I. DU PONT DE NEMOURS 16 101,000 49 ALBERTSON'S 92 100,000 50 SODEXHO MARRIOTT SVCS. 247 100,000 THE 500 MEDIAN 24,372