X-Men: Mutant Academy!

Santa Monica, CA - July 21, 2000 - Activision, Inc. (Nasdaq:ATVI) announced today that X-Men Mutant Academy is on track to become a top summer hit based on initial weekend sales and information received from Electronics Boutique and Babbages. The game's release coincided with the record $54.5 million domestic box office film opening of Twentieth Century Fox's "X-Men: The Movie".

"The record weekend box office results of "X-Men: The Movie" are a testament to the strong appeal of comic book characters. By launching X-Men Mutant Academy simultaneously with the film, the game is well positioned to take advantage of the synergy created by the movie," said Robert Kotick, Chairman and Chief Executive Officer, Activision Inc. "This is the first in a number of X-Men products we will release under our long term exclusive license with Marvel. Additionally, our release of Spider-Man later this year should benefit from the heightened interest in Marvel properties generated by the success of "X-Men: The Movie. "

X-Men Mutant Academy treats players to the ultimate X-Men experience and features 10 playable characters - including Wolverine, Cyclops, Gambit, Beast, Storm, Phoenix, Sabertooth, Mystique, Toad and Magneto - that appear in both their classic comic and movie costumes. Players have four ways to rumble with Academy Training, Arcade Mode, Survival Mode and Versus Mode (classic two-player fighting). In Academy Training, Professor X teaches player how to hone their mutant powers in preparation for the challenges of Arcade and Versus modes. Additionally, Cerebro Mode provides fans with loads of X-Men bonus material including "X-MEN" movie clips, behind the scenes movie photos, classic comic book covers and more!

Available for the PlayStation game console and Game Boy Color, X-Men Mutant Academy is an action packed game based on Marvel's successful comic book property and has been rated 11+, content suitable for ages 11 and older.

Paradox Development developed X-Men Mutant Academy for PlayStation game console for Activision. Crawfish Interactive developed the Game Boy Color version of the game.

Marvel Enterprises, Inc. (NYSE:MVL) is one of the world's most prominent character-based entertainment companies with operations in five divisions:Licensing, toys - via its Toy Biz division, comic book and trade publishing, entertainment and the Internet. Through the ownership of over 4,700 proprietary characters, Marvel licenses its characters in a wide range of consumer products, services and media such as feature films, television, the Internet, apparel, video games, collectibles, snack foods and promotions. Marvel's characters and plot lines are created and developed through the comic book publishing division, which maintains a leadership position in the U.S. and abroad. For additional company information visit the Company's corporate Web site at http://www.marvel.com.

Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted revenues of $572 million for the fiscal year ended March 31, 2000.

Activision maintains operations in the US, Canada, the United Kingdom, France, Germany, Japan, Australia, and the Netherlands. More information about Activision and its products can be found on the company's World Wide Web site, which is located at http://www.activision.com.