11PT Hsbc Bk. 21

RNS Number:6502F
Thomson Corporation
21 June 2001


( BW)(NY-THOMSON-FINANCIAL)(TOC.TO) Thomson Financial Acquires

Full Ownership of First Call



    Business Editors



    NEW YORK--(BUSINESS WIRE)--June 21, 2001--



 Purchases Outstanding Shares From Eight Brokerage Partners



    Thomson Financial announced today that it has purchased the

outstanding minority shares of First Call Corporation, the leading

provider of real-time, commingled broker research, analyst estimates,

workflow and technology based solutions. Terms of the transaction were

not disclosed.

    Thomson Financial, which founded First Call in 1984, previously

owned 52 percent of the shares, and purchased the remaining 48 percent

of shares from its eight strategic brokerage partners, including:

Credit Suisse First Boston, Salomon Smith Barney, Morgan Stanley,

Deutsche Bank Securities, Merrill Lynch, UBS PaineWebber, Lehman

Brothers, and Prudential. Thomson Financial will maintain its

relationships with these partners and will continue to receive reports

and related data from the previous owners.

    "This new ownership structure allows us to fully integrate First

Call with other Thomson Financial product offerings as we continue to

rapidly build upon our complete workflow solution offerings," said

Patrick J. Tierney, president and chief executive officer of Thomson

Financial. "This aggressive move further advances our position as the

market leader of providing necessary and critical industry data, and

underscores our ability to best service the complex information needs

of the global financial marketplace."

    "First Call is the investment community's primary source of

commingled broker research, estimates and related content and

technology solutions. The added flexibility gained as a result of this

business transaction will enable us to leverage all of Thomson

Financial's information and technology assets to provide unrivalled

integrated content and workflow solutions for our global client base,"

noted Suresh Kavan, CEO, Broker/Fund Management Group, which includes

First Call. "Under this new ownership arrangement, our relationships

with the former broker owners will deepen and strengthen. We look

forward to continuing to serve them as our clients, contributors and

business partners on a broad variety of exciting initiatives."

    "This transaction makes sense for everyone involved," noted Tom

Trivella from Credit Suisse First Boston. "We look forward to

continuing our relationship with Thomson and First Call as a

contributor of content, as a customer and a business partner."

    The First Call purchase is part of an extensive business and

product development program underway in Thomson Financial's

Broker/Fund Management Group. Some innovative new products and

services to be released this summer include Thomson Financial Active

Express (v. 3.5) and Target Web. Thomson Financial Active Express

brings together best-of-breed content on a single platform and

incorporates sophisticated analytical tools that help money managers

make superior investment decisions. Content is aggregated from Thomson

Financial's First Call, I/B/E/S, Worldscope and Portia as well as

third party sources.

    Extending Thomson Financial's sell-side offerings, Target Web

helps brokers more accurately target the distribution of their

research to the worldwide money management community. Target Web

becomes the latest addition to the Full Circle suite of products, a

comprehensive set of workflow solutions that streamline the research

production, targeting and distribution processes of brokers.

Additionally, Thomson Financial offers custom ASP solutions for its

brokerage clients, combining best-in-class content and sophisticated

component-based technology.



About Thomson First Call Corporation



    First Call Corporation is the global financial community's leading

provider of real-time broker-sourced research, analyst estimates,

equity and fixed income ownership information, workflow and

technology-based solutions. More than 6,000,000 research documents are

available on the FIRST CALL Network. First Call's distribution

capabilities, research services, competitive intelligence product,

usage reports and customized business solutions provide value-added

links between the institutional buy-side and the sell-side worldwide.

For more information, visit First Call's Web site at

www.firstcall.com.



About Thomson Financial



    Thomson Financial is a US$2 billion provider of information and

technology solutions to the worldwide financial community. Through the

widest range of products and services in the industry, Thomson

Financial helps clients in more than 70 countries make better

decisions, be more productive and achieve superior results. Thomson

Financial is part of The Thomson Corporation (TSE:TOC), a leading,

global e-information and solutions company with annual revenues of

approximately US$6.0 billion. The Corporation's common shares are

listed on the Toronto and London stock exchanges. For more

information, visit Thomson Financial's Web site at

www.thomsonfinancial.com.



    --30--jgm/ny*



    CONTACT: The Thomson Corporation


             Investor Contact:

             John Kechejian, 203/328-9470


             john.kechejian@thomson.com


                or

             Thomson Financial

             Allison Hagan, 646/822-2076

             allison.hagan@tfn.com

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