EL SEGUNDO, Calif., Nov. 21 -- Computer Sciences Corporation (NYSE: CSC) today announced that it has signed an agreement with Oxford Health Plans, Inc. (Nasdaq: OXHP) to provide information technology (IT) outsourcing services over a five-year period. Oxford is a leading managed healthcare company providing health benefit plans to 1.45 million members in New York, New Jersey and Connecticut.

Under the contract, CSC will assume certain operational responsibility for Oxford’s IT services, including the company’s data center operations for mid-range computing, enterprise-wide desktop support, 24x7 help desk support and network management, including support of Oxford’s Internet servers.

Operations for these services, including Oxford’s data center at the firm’s headquarters in Trumbull, Conn., will be transitioned to CSC facilities in Norwich, Conn., effective December 1 with plans to complete this process within the next year. As part of the agreement, 150 Oxford IT professionals will join CSC as full time employees on December 1.

“We are delighted to be in a position to help Oxford Health realize its business objectives in the dynamic HMO industry said Van B Honeycutt, CSC’s chairman, president and chief executive officer. “Oxford Health’s decision to outsource its IT operations to CSC will lead others in the industry to similar decisions as they continue to address the changes in the healthcare field.”

“In evaluating potential IT partners, we were very impressed with CSC’s technical capabilities and creativity in utilizing technology to support Oxford’s future growth,” said Charles M. Schneider, president and chief operating officer at Oxford. “This agreement will help us reduce our costs and upgrade our technology capabilities so that we can enhance the quality of services we provide to our members, providers and employer groups.”

About Oxford Health Plans

Founded in 1984, Oxford Health Plans, Inc. (www.oxfordhealth.com) provides health plans to employers and individuals in New York, New Jersey and Connecticut, through its direct sales force, independent insurance agents and brokers. In the year 2000, the company received a CIO 50/50 Award, which recognizes innovative Web initiatives, in addition to a commendation from ICSA.net, which provides security assurance services for Internet-connected companies, for consistently performing within the industry’s “best practices.” Oxford’s services include traditional health maintenance organizations (HMOs), point-of-service (POS) plans, preferred provider organization (PPO) plans, third-party administration of employer-funded benefits plans and Medicare plans.

About CSC

Computer Sciences Corporation, one of the world’s leading consulting and information technology services firms, helps clients in industry and government achieve strategic and operational objectives through the use of technology. Having guided clients through every major wave of change in information technology (IT) for more than 40 years, CSC today is well positioned to develop and apply IT strategies and technologies, particularly in the e-business area. CSC's capabilities span a full range of technology disciplines, including management and IT consulting, systems design and integration, applications software, Web and application hosting, and IT and business process outsourcing.

Since its formation in 1959, CSC has been known for its flexibility and customer-centric culture. Through numerous agreements with hardware and software firms, the company develops and manages solutions specifically tailored to each client's needs. With more than 61,000 employees in locations worldwide, CSC had revenues of US$9.9 billion for the twelve months ended September 29, 2000. It is headquartered in El Segundo, California. For more information, visit the company's Web site at www.csc.com.