For the third consecutive year, General Electric has been named "America's Most Admired Company" in a survey carried out by Fortune magazine. Fortune's editorial director, Geoffrey Colvin, said, "GE, once again America's most admired corporation by a mile, earns high marks for having fully embraced the powers of e-commerce under Jack Welch's direction."

Fortune surveyed the country's leading executives, directors and analysts to determine the top 10 companies from a list of 1,000 largest US corporations (ranked by revenues) and the 25 largest US subsidiaries of foreign-owned companies. "America's Most Admired Companies" appears in the March 7 issue of Fortune and is available at www.fortune.com.

In October 1999, Fortune placed GE atop its "World's Most Admired Company" survey for the second year in a row. The magazine also named GE chairman and CEO, John F. Welch "Manager of the Century" in November 1999.

The Fortune findings mirror the results of a Financial Times survey published in December 1999, in which GE was named the world's most respected company for the second year in a row. In announcing the results, Financial Times noted: "General Electric has become a model of how to manage a large company."

GE is a diversified services, technology and manufacturing company with a commitment to achieving customer success and worldwide leadership in each of its businesses. GE operates in more than 100 countries and employs nearly 3,40,000 people worldwide.