Kerr-McGee Corp. (KMG) – Anticipated Cash Settlement.  The effective date may be as soon as August 11, 2006.  On August 10, 2006, shareholders will vote concerning the proposed merger with a subsidiary of Anadarko Petroleum Corporation (APC).  If the merger is approved and consummated, each existing KMG common share will be converted into the right to receive $70.50 net cash per share.  This corporate action will be coordinated with the Options Clearing Corporation.