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KAPLAN FOX & KILSHEIMER LLP ANNOUNCES CLASS ACTION SUIT AGAINST ABERCROMBIE & FITCH CO. AND LAZARD FRERES

NEW YORK - , Kaplan Fox & Kilsheimer LLP filed a Class Action lawsuit against Abercrombie & Fitch Co. ("A&F" or the "Company") (NYSE:ANF) and certain of its officers and directors.  The suit is brought on behalf of all persons or entities who purchased or otherwise acquired the common stock of A&F between October 8, 1999 and October 13, 1999, inclusive (the "Class Period").

 The lawsuit charges A&F and certain of its top officers and directors with violations of the securities laws and regulations of the United States. The complaint alleges that defendants intentionally withheld material information from the market.  Defendants knew the Company was experiencing a slow down in same-store growth which is a very important indicator of present and future growth in revenues and earnings.  Rather than making a timely, public disclosure of this material information as required by the federal securities law, on or about Thursday, October 7, 1999, A&F selectively disclosed this information to an analyst at Lazard Freres.  As a result, Lazard's "top" clients were able to unload significant holdings in A&F's stock prior to the October 13, 1999 public disclosure. Consequently, A&F's stock price dropped from approximately $38.93 to $26.31

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP, which has many years of experience in prosecuting investor class actions and actions involving financial fraud.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.KaplanFox.com.

 If you are a member of the Class, you may move the court, no later than 60 days from October 20, 1999 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements.

If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@KaplanFox.com or contact:

Robert N. Kaplan, Esq.
Janine R. Azriliant, Esq.
Adrienne L. Valencia, Esq.
Kaplan Fox & Kilsheimer LLP
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail address:
mail@KaplanFox.com

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