Gap Inc. (NYSE:GPS) today announced that it will report first quarter results prior to market open on May 11, 2000. Previously, the company had scheduled the release to occur after the close of market. As a result of the timing change, the company has rescheduled the live webcast and conference call to coincide with the earnings release. The webcast and conference call will now begin at 8:30 a.m. Eastern Time and will last approximately one hour. Heidi Kunz, executive vice president and chief financial officer, will discuss first quarter results and the company's outlook for the remainder of fiscal 2000. Millard Drexler, president and chief executive officer, will join Ms. Kunz during the Question and Answer portion of the webcast.

Access for the webcast and conference call is open to the general public once the quarterly results are announced via the wire services. However, the ability to pose questions during the Q&A portion of the webcast is restricted to those parties who have registered prior to the event. To access the webcast, visit the company Web site at The webcast presentation will be located in the Performance Section under Sales and Earnings. To access the conference call, dial (800) 374-0168. For international callers, dial (706) 634-0994. Replay will be made available for two weeks after the live event on and (800) GAP NEWS.

Copyright Information

The conference call and webcast will be simultaneously recorded on behalf of Gap Inc. and consist of copyrighted material. They may not be re-recorded, reproduced, retransmitted or rebroadcast without Gap Inc.'s express written permission. Your participation represents your consent to these terms and conditions, which are governed under California Law. Your participation on the call also constitutes your consent to having any comments or statements you make appear on any transcript or broadcast of this call.

Forward-Looking Statements

The information made available on this conference call and webcast contain certain forward-looking statements which reflect Gap Inc.'s current view of future events and financial performance.

Wherever used, the words "expect," "plan," "anticipate," "believe" and similar expressions identify forward-looking statements.

Any such forward-looking statements are subject to risks and uncertainties and the company's future results of operations could differ materially from historical results or current expectations. Some of these risks include, without limitation, ongoing competitive pressures in the apparel industry, risks associated with challenging international retail environments, changes in the level of consumer spending or preferences in apparel, trade restrictions and political or financial instability in countries where the company's goods are manufactured, disruption to operations from Year 2000 issues and/or other factors that may be described in the company's annual report or Form 10-K and/or other filings with the Securities and Exchange Commission. Future economic and industry trends that could potentially impact revenues and profitability are difficult to predict.

The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.