Other Available SharePoint Lists
Windows SharePoint Services 3.0 has several other lists available out of the box that allow for robust collaboration within your organization. Some of the most popular lists are the announcements list and the contacts lists as well as a few other lists that are new with Windows SharePoint Services 3.0.
Announcements lists are used to share news, current initiatives, and status updates with your team as well as to provide timely reminders. For example, they could be very useful if your team members have an alert set on the announcements list to get automatically notified when an announcement is created or changed.
Choosing or Creating an Announcements List
A Windows SharePoint Services 3.0 team site ...