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Expected Splits
Sunday, February 25, 2001

                                      Date Expected
Symbol         Company                 To Announce

PSS            Payless Shoesource, Inc.    02/26

PSS - Payless Shoesource, Inc. $74.30 (+0.46)

Although Payless has never split before, we are holding out for a 2:1 split announcement to coincide with the company's earnings release scheduled for 2/26. The company has 240 million shares authorized but only 22 million outstanding. We think it is about time that shareholders are able to pay less for Payless.

 


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