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Press Release


Discover® Card to Kick Off Times Square Celebration by Creating One of The First Millionaires of Year 2000

Riverwoods, Illinois, December 28, 1999…Discover Financial Services, a business unit of Morgan Stanley Dean Witter & Co. (NYSE:MWD), today announced the details of the final events leading up to the culmination of one of the largest sweepstakes ever in the history of Discover® Card—the Cashback Bonus® Countdown Sweepstakes.

Discover Card, the Worldwide Presenting Sponsor of Times Square 2000TM, will give away $1 million to one lucky winner in New York City's Times Square on New Year's Eve at 9:30 a.m. EST, creating one of the first millionaires of the year 2000.

Five finalists have been selected from a pool of 2,000 qualifiers in the Cashback Bonus Countdown Sweepstakes. Each finalist and a guest will receive a trip to Times Square for New Year's Eve to be present for the winner announcement. When they arrive on December 29, the five finalists will be treated to a whirlwind tour of local hot spots and city landmarks and wined and dined at a congratulatory dinner.

To kick off the New Year's Eve celebration in New York, Discover Card will reveal the name of the grand prize winner on the Discover Card sign atop One Times Square in front of over a million New Year's revelers. The five finalists and their guests will convene at the Media Village in Duffy Square (facing One Times Square on Broadway/7th Avenue between 46th and 47th Streets). Discover Card will announce the name of the new millionaire while the winner's reaction is displayed on Discover Card's Times Square sign simultaneously. The remaining four finalists will each win $25,000.

Anyone was eligible for a chance to win in the Cashback Bonus Countdown Sweepstakes. Discover Cardmembers were entered in the sweepstakes with every purchase made through December 10, 1999. Other forms of entry included cash advances, balance transfers, new Discover Card applications and mail-ins.

Discover Card began announcing 2,000 qualifiers on Saturday, October 9, 1999 at 5 p.m. EST—one for each hour remaining in 1999. These 2,000 qualifiers each won a special $100 Cashback Bonus award and were announced on the Discover Card sign in Times Square as well as on www.discovercard.com.

"We're delighted to add even more excitement to the Times Square 2000 New Year's celebration by announcing the newest millionaire of the New Year," said Roger Hochschild, executive vice president, Business Development, Discover Financial Services, Inc. "Five lucky Discover Cardmembers are ringing in the New Year with a monumental bang thanks to the rewards from the Cashback Bonus Countdown, and thousands of others are already enjoying their Cashback Bonus award from Discover Card this year."

Discover Card Times Square Sign
Discover Card's 55'x55' electronic billboard is directly below the spot where the famous New Year's Eve ball descends. The sign is seen by 1.5 million people every day and 30 million tourists a year.

Discover Card Took Times Square Cross-Country
New York isn't the only place where people can experience Times Square 2000. Discover Card sent a 20'x 20' New York cityscape—complete with the Brooklyn Bridge, the Chrysler Building and, of course, Times Square—to large malls throughout the country this fall.

Visitors to the traveling exhibit had the unique opportunity to have their photo taken and then displayed on the Discover Card Times Square sign. Visitors whose faces appeared on the sign also were able to view how they looked by logging onto www.discovercard.com.

The tour traveled to eleven cities—Chicago, Detroit, Philadelphia, Pittsburgh, Washington, Minneapolis, Phoenix, Colorado Springs, CO, Charlotte, NC, Charleston, SC, and Houston.

Discover Financial Services, a business unit of Morgan Stanley Dean Witter & Co., operates the Discover Card brands with more than 50 million Cardmembers and the Discover Business Services network. Discover Business Services is the largest independent credit card network in the United States with more than 3.6 million merchant and cash access locations.



CONTACT:

Catherine R. Edwards
Discover Financial Services, Inc.
P: 224/405-2008
catherineredwards@discoverfinancial.com

Claire Burke
Hunter & Associates
P: 212/679-6600