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COHEN & STEERS REALTY SHARES REMAINS NO. 1 FUND WITH 42.5 PERCENT RETURN

 NEW YORK, April 13 /PRNewswire/ -- With a total return of 42.5 percent for the 12 months ended March 31, 1993, Cohen & Steers Realty Shares remains the No. 1 performing real estate securities fund, according to Lipper Analytical Services.
 Cohen & Steers Realty Shares' total return for the quarter ended March 31, 1993 was 20.5 percent, and its average annual return since inception on June 28, 1991 through the first quarter of 1993 was 29.0 percent.
 According to Martin Cohen, president of Cohen & Steers Capital Management, "The fund's outstanding performance is further evidence that the securitization of real estate is a demand-driven phenomenon predicated on genuine economic and practical considerations such as cash-on-cash returns and investment liquidity. As anticipated, the real estate securities market is on the forefront of the general real estate recovery, and we fully expect it to continue to lead the way in the coming years, as publicly-traded real estate companies that can raise capital either through secured borrowings on their properties or through issuing equity or debt instruments remain in the enviable position of being able to take advantage of attractive property prices."
 Cohen & Steers Realty Shares is a no-load mutual fund dedicated to the objective of maximum total return through both current income and capital appreciation. It invests primarily in the equity securities of publicly-traded real estate companies.
 -0- 4/13/93
 /CONTACT: Martin Cohen, president, or Robert H. Steers of Cohen & Steers Capital Management, 212-832-3232/


CO: Cohen & Steers Capital Management Inc. ST: New York IN: FIN SU:

GK-LR -- NY027 -- 5129 04/13/93 10:14 EDT
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Date:Apr 13, 1993
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