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General Growth Properties to Host Live Earnings Conference Call Webcast

   GENERAL GROWTH PROPERTIES LOGO
General Growth Properties logo. (PR NewsFoto)[AS]
CHICAGO, IL USA
    CHICAGO, July 2 /PRNewswire/ -- Subsequent to its second quarter 2001
earnings release on July 31, 2001, General Growth Properties, Inc. (NYSE: GGP)
will host a live webcast of its earnings conference call via the company web
site, http://www.generalgrowth.com , and via StreetFusion.com .  The webcast will
take place on Wednesday, August 1, 2001 at 10:00 a.m. Eastern Daylight Time
(9:00 a.m. CDT, 7:00 a.m. PDT), and can be accessed by going to either of the
following links just prior to the start of the call.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990208/CGM015 )

    http://www.generalgrowth.com
    Click on the webcast banner in the right-hand column of the home page to
be directed to the live audio event.  Additionally, a call icon will be posted
in the left-hand column of the "Investment" section for simultaneous viewing
of the online earnings release under "Shareholder Info" / "Financial
Releases".

    http://www.streetfusion.com
    Enter GGP in the "Webcast Search" box in the right-hand column. Hit "Go"
to view event information.  Click on the company name to register for the
webcast.

    Generalgrowth.com will archive the call subsequent to the end of the live
webcast.  To listen at anytime, visit the "Investment" section of the site and
select "Financial Downloads".  The archived webcast can then be located by
clicking on the "Audio Events" tab.
    There is no charge for accessing any of the aforementioned webcasting
services.

    General Growth Properties, Inc., is one of the nation's largest shopping
center owners, managers and developers.  General Growth currently has
ownership interest in, or management responsibility for, a portfolio of 146
regional shopping malls in 39 states. The company portfolio encompasses
approximately 125 million square feet of retail space and includes over 15,000
retailers nationwide. A publicly traded Real Estate Investment Trust (REIT),
General Growth Properties is listed on the New York Stock Exchange under the
symbol GGP.  For more information on General Growth Properties please visit
the company Web site at http://www.generalgrowth.com .

    This release and/or the conference call webcast described above may
contain forward-looking statements that involve risks and uncertainties.
Actual future performance, outcomes and results may differ materially from
those expressed in forward-looking statements as a result of a number of
risks, uncertainties and assumptions.  Representative examples of these
factors include (without limitation) general industry and economic conditions,
interest rate trends, cost of capital and capital requirements, availability
of real estate properties, competition from other companies and venues for the
sale/distribution of goods and services, shifts in customer demands, tenant
bankruptcies, changes in operating expenses, including employee wages,
benefits and training, governmental and public policy changes and the
continued availability of financing in the amounts and the terms necessary to
support future business.  Readers are referred to the documents filed by
General Growth Properties, Inc. with the SEC, specifically the most recent
reports on Forms 10-K and 10-Q, which identify important risk factors which
could cause actual results to differ from those contained in the forward-
looking statements.



SOURCE General Growth Properties, Inc.




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Related links:
  • http://www.generalgrowth.com
    Photo Notes:
    NewsCom: 
    http://www.newscom.com/cgi-bin/prnh/19990208/CGM015
    AP Archive: http://photoarchive.ap.org
    PRN Photo Desk, 888-776-6555 or 201-369-3467
    Company News On-Call:
  • http://www.prnewswire.com/comp/110740.html or fax,
    800-758-5804, ext. 110740
    CONTACT:
    Beth Coronelli of General Growth Properties,
    Inc., 312-960-2750