It could do special symbols if the typist went back and changed out the rotating ball. But it still is using modern Times Roman for Word Processors and not the typewriter Times New Roman common in 1972.
Here's a quote from the lower Web address:
Although IBM had produced a successful typebar-based machine, the IBM Executive, with proportional spacing, no proportionally-spaced Selectric office typewriter was ever introduced. There was, however, a much more expensive proportionally-spaced machine called the Selectric Composer which was considered a typesetting machine rather than a typewriter.
From: http://www.nationmaster.com/encyclopedia/Typewriter
Thanks for the heads up LadyJane