The PGA TOUR’s Champions Tour Announces KBR As Presenting Sponsor for Houston Tournament
Administaff Small Business Classic presented by KBR

HOUSTON (July 8, 2004) – KBR has signed a three-year agreement as the Presenting Sponsor of the Administaff Small Business Classic, the PGA TOUR’s Champions Tour event to be held annually in Houston. KBR is the engineering, construction and services subsidiary of Halliburton Company (NYSE: HAL).

After a 10-year absence, the Champions Tour is coming back to Houston, to the Augusta Pines Golf Club. This year’s event will be held October 4 – 10, 2004 and will be broadcast on The Golf Channel. “KBR is pleased to support the PGA TOUR’s Champions Tour and we welcome it back to Houston,” said Randy Harl, president and CEO of KBR.

Arnold Palmer, Raymond Floyd, Lee Trevino, Tom Kite, Ben Crenshaw and John Mahaffey are just a few of the big names expected to play in the Administaff Small Business Classic presented by KBR and compete for the $1.6 million purse. President George H. W. Bush will serve as Honorary Chairman for this year’s tournament. More than 100,000 spectators are expected to head to Augusta Pines throughout the week to catch a glimpse of the 78 Champions Tour professionals.

Tournament Director Bryan Naugle is pleased to have KBR as the presenting sponsor. “KBR is a Houston institution and we are pleased that a company of KBR’s caliber has stepped forward to become the presenting sponsor of the Administaff Small Business Classic. With the powerhouse presence both Administaff and KBR have in this area, I am certain the Administaff Small Business Classic presented by KBR will lead the field as the top Champions TOUR tournament in the country.”

Proceeds from the Administaff Small Business Classic presented by KBR will benefit charities including The George and Barbara Bush Endowment for Innovative Cancer Research at the University of Texas M. D. Anderson Cancer Center, The First Tee Program of Houston and Golfers Against Cancer.

About the Administaff Small Business Classic
The Champions Tour is one of the PGA TOUR's three professional golf tours (PGA TOUR, Champions Tour and Nationwide Tour), and features the world's premier golfers age 50 and up. The Champions Tour will play 30 official Charles Schwab Cup tournaments for almost $53 million in 2004. Tour events generate significant sums of money for charity. Since 1980, the Champions Tour and its tournaments have contributed over $100 million, and the three tours collectively have generated more than $820 million since 1938, with 2003 contributions totaling $82.8 million. For more information about the Administaff Small Business Classic, please visit www.administaffclassic.com.

About KBR
KBR is a global engineering, procurement and services company. Whether designing a chemical plant; serving as a defense industry contractor; or providing small capital construction, KBR delivers world-class service and performance.

About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction business segments. The company's World Wide Web can be accessed at www.halliburton.com.

About Administaff
Administaff (NYSE: ASF) is the nation's leading Professional Employer Organization, serving as an outsourced human resources department for thousands of small and medium-sized business throughout the United States. For more information, visit the company's Web site at www.administaff.com.