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AMERICAN HOME PRODUCTS TO ISSUE DEBENTURES

 NEW YORK, Feb. 22 /PRNewswire/ -- American Home Products Corporation (NYSE: AHP) announced today that it has entered into an agreement to issue $250 million principal amount of 7.25 percent debentures due 2023. The company will use the proceeds of the issuance primarily to purchase shares of its common stock in the open market and in privately negotiated transactions under its
existing 10 million share repurchase program. Approximately 9 million shares are available for repurchase under the current authorization. Purchases may be suspended from time to time or discontinued. Shares acquired will be available for use under the company's employee benefit programs. American Home Products Corporation currently has approximately 313 million shares outstanding.
 This announcement shall not constitute an offer to sell nor the solicitation of an offer to buy nor shall there be any sale of the debentures in any state in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
 A prospectus relating to the debentures may be obtained from the First Boston Corporation, Park Avenue Plaza, New York, NY 10055.
 American Home Products Corporation is a worldwide manufacturer and marketer of prescription drugs, over-the-counter medicines, medical supplies and diagnostics, and food products.
 -0- 2/22/93
 /CONTACT: John L. Skule (media), 212-878-5015, or John R. Considine (investors), 212-878-6429, both of American Home Products/
 (AHP)


CO: American Home Products Corporation ST: New York IN: MTC SU:

GK -- NY055 -- 0024 02/22/93 13:06 EST
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Publication:PR Newswire
Date:Feb 22, 1993
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