FOR IMMEDIATE RELEASE

                                  PRESS RELEASE
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For Further Information,
contact Kevin S. Kelly
Chief Operating Officer and
Chief Financial Officer
Atalanta/Sosnoff Capital Corporation
Telephone (212) 867-5000
New York, NY 10178
E-Mail: ksk@atalantasosnoff.com
Website: www.atalantasosnoff.com



                  MR. SOSNOFF AND ATALANTA ACQUISITION COMPANY
            BEGIN TENDER OFFER FOR ALL OF THE PUBLICLY-HELD SHARES OF
                      ATALANTA/SOSNOFF CAPITAL CORPORATION



NEW YORK - JUNE 13, 2003 - Atalanta/Sosnoff Capital Corporation [NYSE: ATL] and
Martin T. Sosnoff, Chairman, Chief Executive Officer and Chief Investment
Officer of Atalanta/Sosnoff, announced today that Atalanta Acquisition Company,
a corporation wholly owned by Mr. Sosnoff, commenced a cash tender offer for all
the publicly-held shares of common stock of Atalanta/Sosnoff at a price of
$13.95 per share.

The tender offer is being made pursuant to an Offer to Purchase, dated June 13,
2003, and in connection with an Agreement and Plan of Merger, dated June 10,
2003, between Mr. Sosnoff, Atalanta Acquisition Company and Atalanta/Sosnoff.
The tender offer is scheduled to expire at 12:00 midnight, New York City time,
on Friday, July 11, 2003, unless the offer is extended. Pursuant to the merger
agreement, following the successful completion of the tender offer, Atalanta
Acquisition Company will be merged with and into Atalanta/Sosnoff, with
Atalanta/Sosnoff continuing as the surviving corporation. Holders of any
remaining outstanding common stock of Atalanta/Sosnoff will receive in the
merger the $13.95 price per share in cash.

An independent special committee of the Board of Directors of Atlanta/Sosnoff,
and the full Board of Directors, each have approved the tender offer, the merger
and the other



transactions contemplated by the merger agreement and recommend that the public
stockholders of Atalanta/Sosnoff accept the tender offer and tender their shares
pursuant to the tender offer.

Two stockholders owning approximately 7% of the outstanding shares of
Atalanta/Sosnoff on a fully-diluted basis, one who is a director and executive
officer and the other who is an executive officer of Atalanta/Sosnoff, have
entered into stockholder tender agreements with Mr. Sosnoff and Atalanta
Acquisition Company pursuant to which each of them have agreed to tender their
shares in the tender offer.

The tender offer is subject to certain closing conditions, including a number of
shares being deposited for tender which, when taken together with the shares
currently owned by Mr. Sosnoff, equal or exceed ninety percent of the total
shares outstanding.

The depositary and information agent for the tender offer is EquiServe Trust
Company, N.A.

A tender offer statement and related materials may be obtained free of charge by
directing such requests to EquiServe Trust Company, N.A., 150 Royall Street,
Canton, MA 02021, (800) 730-6001.

A tender offer statement and Schedule 13E-3 was filed by Mr. Sosnoff and
Atalanta Acquisition Company with the Securities and Exchange Commission (SEC)
on Schedule TO, and a Schedule 13E-3 and solicitation/ recommendation statement
on Schedule 14D-9 was filed by Atalanta/Sosnoff with the SEC. Investors and
security holders are advised to carefully read these materials, as they will
contain important information on deciding whether to tender their shares, as
well as on the process for tendering shares. Investors and security holders may
obtain these and other documents filed by Mr. Sosnoff and Atalanta Acquisition
Company and Atalanta/Sosnoff free of charge from either the Company or from the
SEC's web site at http://www.sec.gov.

The Blackstone Group L.P. is advising the special committee of the
Atalanta/Sosnoff board of directors.

Certain of the foregoing are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors,
which may cause the actual results, performance or achievements of
Atalanta/Sosnoff to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following general economic and business
conditions: the loss of, or the failure to replace any significant clients;
changes in the relative investment performance of client or firm accounts and
changes in the financial marketplace, particularly in the securities markets.
These forward-looking statements speak only as of the date of this Release.
Atalanta/Sosnoff expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements contained
herein to reflect any change in the

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Company's expectations with regard thereto or any change in events, conditions
or circumstances on which any such statement is based.
















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