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BANC ONE MANAGEMENT AND CONSULTING RECEIVES HIGH RANKING

 COLUMBUS, Ohio, Jan. 13 /PRNewswire/ -- Banc One Corporation (NYSE:ONE) announced that Banc One Management and Consulting Corporation has received an "Above Average" rank as a servicer of distressed assets by Standard and Poor's in it Mortgage Operation Report dated December 1992. Banc One Management and Consulting Corporation (BOMCC) is a wholly-owned subsidiary of Banc One Corporation, which is headquartered in Columbus, Ohio.
 In the Mortgage Operation Report, Standard and Poor's has reviewed the three major components of BOMCC: Management and Organization, Asset Management and Financial Position. Rankings of "Above Average" were assigned to Management and Organization, and Asset Management. A "Strong" ranking was assigned to Financial Position. The Mortgage Operation Report further states that "the ranking is attributable to the company's experienced management team, efficient procedures, and demonstrated ability to maximize the current market value of distressed assets." Standard and Poor's also noted that Banc One Management and Consulting Corporation's strategic focus is to expand its asset management portfolio base by drawing from various governmental agencies, private investors and commercial mortgage-backed securities.
 Standard & Poor's expects Banc One Management and Consulting to remain an efficient asset manager due to its track record of managing a variety of distressed asset portfolios while maintaining good controls over the process.
 Banc One Management and Consulting, headquartered in Dallas has been managing assets for the Federal Deposit Insurance Corp. and Resolution Trust Corp. since January 1990. Through its three subsidiaries, BOMCC now manages and services more than 10,000 loans and REO assets, representing diverse property types, according to President Steven V. Boswell. "BOMCC's affiliation with Banc One provides the corporation with extensive resources," explained Boswell. For example, Banc One's $4.5 billion in equity complements BOMCC's own $36.5 million in equity capital.
 Banc One Management and Consulting Corp. is a wholly-owned subsidiary of Banc One Corporation which had assets of $51.2 billion as of Sept. 30, 1992. Banc One Corporation operates 61 banks with 1,017 offices in Colorado, Indiana, Illinois, Kentucky, Michigan, Ohio, Texas and Wisconsin.
 -0- 1/13/93
 /CONTACT: Michael Spoor of Banc One Management and Consulting Corp., 713-751-6928; or John Russell, 614-248-5989, or Johanna White, 614-248-5481, both of Banc One Corporation/
 (ONE)


CO: Banc One Corp.; Banc One Management and Consulting Corp. ST: Ohio, Texas IN: FIN SU:

BM -- CL012 -- 4551 01/13/93 16:11 EST
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Date:Jan 13, 1993
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