The List

The Top 25: a Big Shift in S&P 500 Index

In 10 years, the Standard & Poor's 500 stock index has seen a leadership shuffle. GE, Coca-Cola, and Intel gained market value against peers; AT&T and GM fell.

1996

1. General Electric

2. Coca-Cola

3. Exxon

4. Intel

5. Microsoft

6. Merck

7. Philip Morris

8. Royal Dutch Petroleum

9. IBM

10. Procter & Gamble

11. AT&T

12. Johnson & Johnson

13. Bristol-Myers Squibb

14. Pfizer

15. DuPont

16. Wal-Mart

17. Hewlett-Packard

18. American Int'l Group

19. Citicorp

20. Mobil

21. Disney

22. PepsiCo

23. GTE

24. Chevron

25. General Motors

1986

1. IBM

2. Exxon

3. General Electric

4. AT&T

5. Royal Dutch Petroleum

6. General Motors

7. DuPont

8. BellSouth

9. Philip Morris

10. Merck

11. Amoco

12. Mobil

13. Eastman Kodak

14. Chevron

15. Sears, Roebuck

16. Coca-Cola

17. Ford Motor

18. Bell Atlantic

19. Digital Equipment

20. 3M

21. Wal-Mart

22. Nynex

23. Ameritech

24. Procter & Gamble

25. GTE

SOURCES: T. Rowe Price Investment Services Inc.; Standard & Poor's.