Engineering News-Record and Architectural Record Each Win 2002 Jesse H. Neal Awards

McGraw-Hill Construction Information Group Publications Recognized for Editorial Excellence in Business Journalism

McGraw-Hill Construction Information Group (CIG) and Associated General Contractors (AGC) of America Form National Strategic Alliance

NEW YORK, N.Y., January 11, 2001 - The McGraw-Hill Companies' (NYSE: MHP) Construction Information Group (CIG) and the Associated General Contractors (AGC) of America today announced a national strategic alliance designed to enhance the existing business relationship and increase the flow of information between the two organizations. The agreement will enable the two organizations to share marketing opportunities and strategies, while providing AGC members with ease of access to CIG content, services and applications, along with attractive discounts on CIG product offerings.

The agreement between the two parties also extends to the Internet. Construction.com, the point of convergence for all CIG electronic properties, will be featured via www.agc.org. In turn, key elements of AGC's Website will be incorporated into construction.com's "Resource Center."

Additionally, the parties agree to work closely on national conference and seminar sponsorship opportunities as well as other marketing initiatives.

"We are extremely proud to be affiliated with the nation's largest and oldest construction trade association. The AGC has 35,000 member firms, which include 7,500 general contractors, and through a nationwide network of chapters, over 14,000 service providers and suppliers are also associated with the organization, said Norbert Young, president, McGraw-Hill Construction Information Group. "AGC members already represent a substantial percentage of CIG's customer community and this formal agreement will be of great benefit to them."

"This agreement is the logical next step for AGC to take with The McGraw-Hill Construction Information Group. Our organization has similar interests and synergies, and now we will work together to make sure American contractors are equipped with the information they need to do their job more productively and profitably," said Stephen E. Sandherr, CEO, Associated General Contractors of America.

About AGC
The Associated General Contractors of America is the largest and oldest national construction trade association, founded in 1918. AGC represents more than 35,000 firms, including 7,500 of America's leading general contractors, and over 12,000 specialty-contracting firms. Over 14,000 service providers and suppliers are also associated with AGC, through a nationwide network of chapters. Visit the AGC website at www.agc.org.

About McGraw-Hill Construction Information Group
The Construction Information Group is the world's premier information provider to the commercial construction industry. With its leading brands F.W. Dodge, Sweet's, Engineering News-Record, Architectural Record, and Design-Build, and the industry's most popular Internet portal, construction.com, CIG provides the latest industry intelligence and interactive solutions that enable construction professionals to do their job faster, better and cheaper. CIG employs more than 1,700 professionals around the world.

About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in financial services, education and business-to-business information through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 300 offices in 33 countries. Sales in 2000 were $4.3 billion. Additional information is available at http://www.mcgraw-hill.com.

McGraw-Hill CIG contact:
John Puccio
RF Binder Partners
(212) 593-6389
john.puccio@rfbinder.com

AGC Contact:
Dennis S. Day
Associated General Contractors of America
(703) 837-5310
dayd@agc.org

© 2001 The McGraw-Hill Companies - All Rights Reserved