CDS IndexCo and Dow Jones Indexes Announce Preliminary Portfolio Construction for the Dow Jones CDX North America High Yield Index Which is Expected to Roll on October 6, 2005

NEW YORK, 16 September 2005- CDS IndexCo LLC and Dow Jones Indexes, publishers of the Dow Jones CDX family of credit derivative indexes, today announced the preliminary portfolio construction of the Dow Jones CDX NA High Yield Index (DJ CDX.NA.HY) which is expected to roll on October 6, 2005. The portfolio selection process was conducted by Markit, the index administrator, with input from the member banks of the CDS IndexCo consortium and approved by Dow Jones Indexes. The final composition is expected to be announced by September 30, 2005.

The member banks that are part of the CDS IndexCo consortium include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.

PRELIMINARY PORTFOLIO CONSTRUCTION OF THE DJ CDX.NA.HY INDEX

The following table outlines the preliminary changes to the DJ CDX.NA.HY Index. The changes to the index will be effective as of the roll date.

The index is scheduled to roll every six months in order rebalance the portfolio as necessary.

Please see the "Credit Derivative Indexes" link at http://www.djindexes.com/ or go to www.markit.com for more information on the roll, the underlying constituents of each index, daily pricing and the index Annexes.

* The underlying names which were added to DJ CDX NA HY Series 5 are not present in DJ CDX NA HY Series 4.

**The underlying names which were removed from DJ CDX NA HY Series 5 remain present in DJ CDX NA HY Series 4.

Journalists may also e-mail questions regarding this press release to:
PR-Indexes@dowjones.com or contact Sybille A. Reitz, Dow Jones Indexes Public Relations, (212) 597-5735 or (917) 603-6987

For more information about any of the Dow Jones CDX family of indexes, please contact one of the participating dealers listed below:

ABN AMRO
Patrick Phalon, Corporate Communications, (212) 251-3524

Bank of America
Jennifer DiClerico, GCIB Communications, (212) 933-2396

Barclays Capital
Karina Byrne, Corporate Communications, (212) 412-7561

Bear Stearns
Russell Sherman, (212) 272-5219

BNP Paribas
Michael Johnson, (212) 841-2546

Citigroup
Danielle Romero-Apsilos, Corporate and Investment Banking Group Communications, (212) 816-2264

CSFB
John Gallagher, Corporate Communications, (212) 325-0932

Deutsche Bank
Michele Agostinho, Press Office, (212) 250-4864

Goldman Sachs
Ed Canaday, VP, Media Relations, (212) 357-0005

HSBC
Juanita Gutierrez, Media Relations, (212) 525-6282

JPMorgan
Michael Dorfsman, Corporate Communications, (212) 270-7317

Lehman Brothers
Kerrie Cohen, Corporate Communications, (212) 526-4092

Merrill Lynch
Michael Duvally, Media Relations, (212) 449-3260

Morgan Stanley
Mark Lake, Media Relations, (212) 761-0814

UBS
Kris Kagel, UBS Corporate Communications, (212) 713-8703

Wachovia
Jim Pierpoint, VP, Media Relations, (704) 374-6512

Note to Editors:

About CDS IndexCo

CDS IndexCo is a consortium of 16 investment banks which are licensed to be market makers in the Dow Jones CDX indexes. The market makers include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.

About Dow Jones Indexes

Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages and the Dow Jones Global, Regional, Country and Sector Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Together with Wilshire Associates, Dow Jones Indexes markets and licenses the Dow Jones Wilshire index family, which includes the Dow Jones Wilshire 5000 and its size, style, and sector indexes. Dow Jones Indexes also offers a number of specialty indexes including hedge fund, commodity and credit derivative indexes.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires, MarketWatch and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

About Markit

Markit is the leading industry source for asset valuation data and services supporting independent price verification and risk management in global financial and energy markets. Founded in 2001, the company is an independent enterprise with which the world's leading financial institutions and energy traders work strategically to create price transparency. Today, Markit enjoys the sponsorship of 13 financial institutions who manage assets in excess of $10 trillion, and data contribution relationships with over 50 dealing firms. Markit has designed, launched and acquired over 20 financial data services which are now used by over 300 institutions globally. Areas of product expertise and service include an independent valuation perspective on credit default swaps, syndicated loans and OTC derivatives (credit, equity, FX, rates, energy, power, metals and structured products), as well as dividend forecasting and index and ETF management.