McGraw-Hill Lifetime Learning and Monster.com Partner to Offer Career Seekers Unique Online Learning Resource

October 30, 2001

McGraw-Hill Lifetime Learning (MHLL), a leading provider of high-quality e-learning solutions for the corporate training market, announced today that it has partnered with Monster.com, the leading global online careers site and flagship brand of TMP Worldwide Inc. (NASDAQ: TMPW – news), to make its extensive skills training library available on MonsterLearning (www.monsterlearning.com). MonsterLearning’s search engine, a unique online resource for managing learning as it relates to careers, provides a variety of learning opportunities, including online and classroom, tools and information in one comprehensive location.

Under the terms of the agreement, more than 250 MHLL courses will be offered to Monster’s 19 million job seeker members and corporate learning seekers looking to gain new skills or knowledge as it relates to career development and advancement. The Web-based courses will cover an extensive range of the MHLL course catalog, including topics such as business skills, executive development, IT and personal effectiveness.

By accessing the search capabilities on the MonsterLearning search engine, individuals will be able to explore and connect with the MHLL course library to identify those courses that will help enhance their professional growth. Available 24 hours a day, seven days a week, this one-stop search engine introduces greater flexibility and convenience into the learning process.

“Like Monster.com, McGraw-Hill Lifetime Learning understands that continuous learning is a critical part of career development, and over seven million monthly unique visitors to Monster.com will now have the opportunity to get ahead in their careers with these offerings,” said Linda Natansohn, senior vice president of MonsterLearning. “Through access to McGraw-Hill Lifetime Learning’s extensive training library, MonsterLearning will enable the 19 million job seeker members and thousands of corporations that use Monster to explore choices that encourage personal and professional growth.”

MHLL, a division of McGraw-Hill Education, part of The McGraw-Hill Companies (NYSE: MHP – news), has a rapidly growing e-learning catalog that now contains more than 1,300 courses in such areas as business, executive development, IT training, industrial and safety skills, human resource and organizational essentials, adult basic education and personal effectiveness. MHLL courses are offered in more than seven languages and are AICC certified, and IIEE and SCORM compliant.

“Monster.com is the most recognized global, online network for careers, drawing millions of visitors each month,” said Patricia Leonard, president of McGraw-Hill Lifetime Learning. “Our partnership with MonsterLearning provides important learning opportunities to these visitors, developed with the latest in sound instructional design and educational theory. This practical, real-world training will assist people worldwide with their career management and professional development needs.”

About McGraw-Hill Lifetime Learning

McGraw-Hill Lifetime Learning (www.mhlifetimelearning.com) offers e-learning products and services that leverage the wealth of knowledge and expertise that exists within The McGraw-Hill Companies. MHLL is a division of McGraw-Hill Education, part of The McGraw-Hill Companies (NYSE:MHP – news), a global information services provider meeting worldwide needs in financial services, education and business-to-business information through leading brands such as Standard & Poor’s and Business Week. The corporation has more than 300 offices in 33 countries. Sales in 2000 exceeded $4.3 billion. Additional information is available at www.mcgraw-hill.com.

About Monster.com

Monster.com, headquartered in Maynard, Mass., is the leading global careers website, recording over 24.9 million unique visits during the month of September 2001 according to independent research conducted by I/PRO. Monster.com connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster.com global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster.com is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER.

About TMP Worldwide

Founded in 1967, TMP Worldwide Inc., with more than 10,500 employees in 33 countries, is the online recruitment leader, the world’s largest Recruitment Advertising agency network, and one of the world’s largest Executive Search and Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world’s largest Yellow Pages advertising agency and a provider of direct marketing services. The company’s clients include more than 90 of the Fortune 100 and more than 480 of the Fortune 500 companies. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company’s strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.