Wave Issue 9036 4/6/99 Article 15-01

***Activision and Expert Software Announce Agreement to Merge
(March 3)

Activision and Expert Software jointly announced the execution of
a merger agreement pursuant to which Activision will acquire
Expert Software. The deal furthers Activision's growth strategy
by positioning the company as a top player in the value- software
category, one of the fastest growing segments in the PC
interactive leisure software business. The agreement follows
Activision's acquisition eight months ago of Head Games
Publishing, a developer and publisher of value-priced outdoor
sports and lifestyle interactive software products.

Under the terms of the agreement, Expert Software's shareholders
will receive $2.65 per share from Activision for a total
transaction value of approximately $23 million, payable in either
stock, cash or a combination of stock and cash. The transaction,
which will be accounted for as a purchase, is expected to be
completed by June 1999 and is subject to customary closing
conditions including the approval of Expert's shareholders. Upon
completion of the acquisition, Expert Software will become a
wholly owned subsidiary of Activision, Inc.

Expert Software's senior management team, including founders Ken
and Sue Currier, have signed long-term employment agreements with
Activision.