AON  CORPORATION
123 NORTH WACKER DRIVE
CHICAGO, IL 60606
(312) 701 - 3000
www.aon.com

UPGRADE  &  DOWNGRADE  HISTORY

Date Grading From To Analyst
3-Nov-00 DOWNGRADE   Buy  Neutral Bear Stearns
2-Nov-00 DOWNGRADE   Buy  Hold Wasserstein Perella
2-Nov-00 DOWNGRADE   Buy  Market Perform JP Morgan
14-Sep-00 INITIATED   at Outperform   Morgan Stanley Dean Witter
17-Aug-00 INITIATED   at Buy   Wasserstein Perella
26-July-00 UPGRADE   Attractive  Buy Bear Stearns
26-July-00 UPGRADE   NT Accumulate  NT Buy Merrill Lynch
11-Jan-00 DOWNGRADE   Buy  Neutral Salomon Smith Barney
5-Jan-00 UPGRADE   Accumulate  Strong Buy Prudential
10-Nov-99 INITIATED   at Buy   Salomon Smith Barney
25-Oct-99 UPGRADE   Neutral  Buy PaineWebber
14-Oct-99 INITIATED   at Buy   JP Morgan
19-May-99 UPGRADE   Neutral  Attractive Bear Stearns
12-Feb-99 UPGRADE   Hold  Accumulate Prudential