THE PHILADELPHIA STOCK EXCHANGE TO BEGIN TRADING OPTIONS ON AAMES INVESTMENT CORP. ON TUESDAY, DECEMBER 7

For more information, contact Barbara Sorid at 215-496-5200 or by e-mail

PHILADELPHIA – Dec. 6, 2004 - The Philadelphia Stock Exchange (PHLX) announced today that it will begin options on Aames Investment Corp. on Tuesday, December 7.

Aames Investment Corp. (NYSE symbol: AIC) has been allocated to LaBranche Structured Products, LLC. It will trade on the March expiration cycle with initial expiration months of December, January, March and June. Position and Exercise limits have been set at 1,350,000 shares.

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, nearly 1,600 equity options, 18 sectors index options, and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com

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