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ARCO CALLS FOR EARLY REDEMPTION OF $150 MILLION OF DEBENTURES

 LOS ANGELES, Nov. 24 ~PRNewswire~ -- ARCO (NYSE: ARC) announced today it is calling for early redemption an issue of $150 million 9 1~2 percent debentures due Jan. 1, 1996, at a redemption price of 100 percent of the principal amount, together with interest accrued to the redemption date, Jan. 1, 1993.
 To receive payment, registered owners are required to present and surrender the debentures for redemption at the office of The Chase Manhattan Bank (National Association) by mail or by hand delivery to the appropriate address set forth below.
 By mail: The Chase Manhattan Bank, N.A., Corporate Bond Redemptions, Box 2020, New York, NY 10081. By hand: The Chase Manhattan Bank, N.A., Institution Trust Group Window, 1 Chase Manhattan Plaza-Flr. 1B, New York, NY 10081.
 The retirement will result in annual after-tax interest savings of approximately $9 million in 1993 and beyond.
 -0- 11~24~92
 ~CONTACT: Albert Greenstein of ARCO, 213-486-3384~
 (ARC)


CO: ARCO ST: California IN: OIL SU:

JL-LS -- LA011 -- 1224 11~24~92 16:14 EST
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Publication:PR Newswire
Date:Nov 24, 1992
Words:172
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