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ARCO CHEMICAL ELECTS FRANK SAVAGE TO BOARD OF DIRECTORS

 NEWTOWN SQUARE, Pa., July 23 /PRNewswire/ -- ARCO Chemical Company (NYSE: RCM) has announced the election of Frank Savage to its board of directors.
 Savage was elected to the board on July 22, 1993.
 Savage, age 55, is chairman of Equitable Capital Management Corporation, a director of Alliance Capital Management Corporation, and senior vice president of The Equitable Life Assurance Society of the United States, with responsibility for Equitable Capital's marketing and international operations. Upon finalization of a merger of Equitable Capital into Alliance Capital Management, Savage will become chairman of the Alliance Corporate Finance Group, Inc. He joined The Equitable in 1970 following a seven-year career with the international division of Citicorp, serving in New York, Africa, and the Middle East.
 A resident of Stamford, Conn., Savage holds a bachelor's degree from Howard University and a master's degree from The John Hopkins University School of Advanced International Studies.
 /delval/
 -0- 7/23/93
 /CONTACT: Gerald T. Davis, Public Affairs of ARCO Chemical, 215-359-3198/
 (RCM)


CO: ARCO Chemical Company ST: Pennsylvania IN: CHM SU: PER

MK -- PH004 -- 5014 07/23/93 09:02 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
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