---

Amex to List Options on Delphi Automotive Systems

15 February 1999

Amex to List Options on Delphi Automotive Systems

    NEW YORK, Feb. 12 -- The American Stock Exchange today
announced it expects to trade options on the listed stock of Delphi Automotive
Systems Corporation (stock/option symbol: DPH) beginning Monday, February 22.
    Delphi Automotive Systems Corporation, based in Troy, Michigan, is a
diversified supplier of automotive components and systems.  The company offers
automotive electronic systems, engine components, climate control systems,
interior and occupant protection products, and steering systems.
    DPH will open with initial strike prices of 17-1/2, 20 and 25, with
position limits of 31,500 contracts.  Initial expiration months will be March,
April, June and September of 1999.  The specialist unit for the new options
will be Raymar Capital Corp.
    The American Stock Exchange(R) (Amex(R)) trades options on 30 broad-based
and sector indexes and 1,109 domestic and foreign stocks, as well as Long-term
Equity AnticiPation Securities(R) (LEAPS(R)) on 120 stocks.  As the nation's
second largest floor-based exchange the Amex has a significant presence in
both listed equities and equity derivative securities: it is a leader in
listing warrants on foreign currencies and indexes, hybrid instruments and
other structured products.  The Amex operates under the management of The
Nasdaq-Amex Market Group(SM), a subsidiary of the National Association of
Securities Dealers, Inc. (NASD(R)), the largest securities-industry,
self-regulatory organization in the United States.
    For more information about The American Stock Exchange, visit its Web site
at http://www.amex.com or the Nasdaq-Amex Web site at
http://www.nasdaq-amex.com.