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AMEX OPENS OPTIONS TRADING ON GIDDINGS & LEWIS

 AMEX OPENS OPTIONS TRADING ON GIDDINGS & LEWIS
 NEW YORK, July 7 /PRNewswire/ -- The American Stock Exchange today


opened put and call options on the over-the-counter stock of Giddings & Lewis, Inc. (options symbol: GLQ).
 In operation for more than 100 years, Giddings & Lewis of Fond du Lac, Wis., is one of the world's largest suppliers of automated machine tools and assembly systems. Giddings & Lewis products are supplied to the aerospace, transportation, construction equipment and fabricated metal products industries. General Motors is one of its leading customers.
 GLQ opened with strike prices of 20, 22-1/2 and 25 and position limits of 5,500 contracts. Initial expiration months are August, September, and November of 1992 and February of 1993. O'Connor & Associates is the specialist unit for the new options.
 The Amex trades a total of 281 stock options, including 77 options on over-the-counter stocks, as well as 33 LEAPS(TM) (Long-term Equity AnticiPation Securities). In addition, options are traded on five broad-market indexes -- the Major Market Index (XMI), the XMI LEAPS(TM) Index (XLT), the S&P MidCap 400 Index (MID), the Institutional Index (XII), and the Japan Index (JPN) -- as well as three industry based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI) and the Pharmaceutical Index (DRG). CAPS -- Capped Options -- are also traded on XII.
 -0- 7/7/92
 /CONTACT: Kathleen Fitzpatrick of AMEX, 212-306-1697/ CO: Giddings & Lewis ST: Wisconsin IN: SU:


TS -- NY034 -- 6961 07/07/92 11:18 EDT
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Date:Jul 7, 1992
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