SALOMON <SB> ANNOUNCES GLOBAL STOCK INDEXES
Salomon Brothers Inc announced formation
of global stock indexes designed to make it easy for portfolio
money managers to invest all over the world.
    "This is a way to put money into the Pacific or Europe
quickly," Laszlo Birinyi, Salomon vice president Laszlo Birinyi
told a news conference.
    The stock index products were developed in cooperation with
the Frank Russell Co, a pension fund consulting firm.
    Birinyi said he would not be surprised if exchanges create
futures and options on the indexes. "Somebody will - If they
don't, we will," he said.
 Reuter
