FOR IMMEDIATE RELEASE:


Media Contact:                                       Investor Contact:
Lowell Weiner                                        Justin R. Victoria
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      AMERICAN HOME PRODUCTS CHANGES NAME TO WYETH, REFLECTING EVOLUTION TO
                 GLOBAL, RESEARCH-BASED PHARMACEUTICAL COMPANY

            Unveils New Corporate Logo and Trading Symbol - NYSE:WYE


     Madison,  N.J.,  March 11,  2002 - Wyeth's  President  and Chief  Executive
Officer  Robert Essner will ring the opening bell at the New York Stock Exchange
today,  signaling the formal launch of the global  pharmaceutical  company's new
name, logo and trading symbol (NYSE:WYE).

     The pharmaceutical innovator with 2001 revenues in excess of $14 billion is
changing its name and trading symbol to Wyeth (NYSE:  WYE) after being known for
76 years as American Home

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Products  Corporation  (AHP). The Company is also  streamlining and unifying the
branding of its operating subsidiaries.

     "We are  changing  our  name to  reflect  an  important  transition  in the
Company's  history," said Mr.  Essner.  "Over the years,  we have  strategically
evolved from a holding company with diversified  businesses to a world leader in
research-based  pharmaceutical  products.  The  Wyeth  name,  with  its long and
well-respected  association  with the healthcare  community,  better conveys the
skills of our people,  the promise of our  science,  the quality of our products
and our position as a world leader in the pharmaceutical industry."

     Wyeth's leading pharmaceutical products include billion dollar blockbusters
such as Premarin and Effexor XR, as well as well-known  consumer  brands such as
Advil,  Centrum and  Robitussin.  The Wyeth name pays  tribute to the  company's
heritage - one of its oldest prescription  medicine businesses,  founded in 1860
and  acquired  by AHP in 1931,  was  "John  Wyeth &  Brother"  and its  original
non-prescription medicine business was "Wyeth Chemical."

Among other changes taking effect at Wyeth today:

          o    Wyeth-Ayerst   Laboratories  is  now  Wyeth  Pharmaceuticals  and
               Wyeth-Ayerst Research is Wyeth Research.

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          o    Whitehall-Robins Healthcare is now Wyeth Consumer Healthcare.

          o    Fort Dodge Animal Health retains its name.

          o    The  Corporation  has unveiled  its new web site -  www.wyeth.com
               -which is a valuable source of information for investors, and the
               financial and medical communities.

     "Today  we are a  world  leader  in  developing  and  marketing  innovative
medicines  that help people lead longer and healthier  lives," said Mr.  Essner.
"And 'Wyeth' clearly conveys our position as one of the leading  research-driven
pharmaceutical companies in the world."

     Going forward, Wyeth's strategy for the future is based on its research and
development,  which is among the strongest,  most productive and creative in the
industry.  "Our R&D  technology  is  unique in that we have  real  strengths  in
biotechnology as well as in the discovery and development of small molecules and
vaccines," said Mr. Essner.  "But our real advantage is our ability to integrate
these platforms to find solutions more often, more reliably and more quickly."

     Wyeth is one of the  world's  largest  research-driven  pharmaceutical  and
health care products  companies.  It is a leader in the discovery,  development,
manufacturing,   and  marketing  of  pharmaceuticals,   vaccines,  biotechnology
products

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and  non-prescription  medicines  that  improve  the  quality of life for people
worldwide.  The Company's major divisions include Wyeth  Pharmaceuticals,  Wyeth
Consumer Healthcare and Fort Dodge Animal Health.

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