ARVINMERITOR INC.
2135 WEST MAPLE ROAD
TROY, MI 48084
(248) 435 - 1000
www.arvinmeritor.com

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UPGRADE  &  DOWNGRADE  HISTORY

Date Grading From To Analyst
24-Mar-00 Initiated  at Hold   CS First Boston
9-Mar-00 Initiated  at Hold   McDonald Invest
10-Dec-99 Initiated  at Attractive   Bear Stearns
11-Nov-99 Initiated  at Neutral   Salomon Smith Barney
19-Aug-99 Initiated  at Accumulate   Prudential
13-Apr-99 Upgrade  Outperform Buy Lehman Bros
9-Feb-99 Downgrade  Aggressive Buy Hold McDonald Invest
4-Feb-99 Upgrade  NT Neutral NT Accumulate Merrill Lynch