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CONTINUUM ANNOUNCES OUTSOURCING AGREEMENT

 AUSTIN, Texas, Sept. 28 /PRNewswire/ -- The Continuum Company, Inc. (NYSE: CNU) announced today that it signed a seven year outsourcing agreement to provide comprehensive data processing services to the Harcourt General Insurance Companies. Continuum will receive revenues of at least $50 million over the term of the contract.
 Harcourt General Insurance, Inc., a subsidiary of Harcourt General (NYSE: H), is the holding company for Federal Home Life Insurance Company, The Harvest Life Insurance Company and PHF Life Insurance Company which are engaged primarily in the underwriting of individual health, life, accident and credit insurance policies as well as the sale of annuity products.
 Continuum will address Harcourt General's primary insurance information technology requirements with software and services provided directly from Continuum and through systems integration agreements with DST Systems, Inc. and Vantage Computer Systems, Inc.
 Frederick M. Dawson, chairman and chief executive officer of Harcourt General Insurance, Inc., stated, "This contract allows us to benefit from Continuum's long-standing expertise in insurance data processing and, together with their partners, move Harcourt General Insurance to the forefront of insurance information technology and allows us to strengthen our customer service capabilities in a cost efficient manner."
 W. Michael Long, CEO of Continuum, said, "Harcourt General Insurance is one of the most forward thinking companies in the insurance industry, and we are pleased to welcome them as our largest outsourcing customer to date. This agreement further confirms the insurance industry's increasing acceptance of Continuum's outsourcing services as an effective way to address their cost and competitive needs through the effective use of information technology."
 The Continuum Company, Inc. is an international consulting and computer services firm based in Austin, serving the needs of life insurance, property and casualty insurance and other financial services companies for computer software and services.
 -0- 9/28/93
 /CONTACT: John L. Westermann III of The Continuum Company, Inc., 512-345-5700/
 (CNU H)


CO: The Continuum Company, Inc.; Harcourt General Insurance, Inc. ST: Texas IN: CPR SU: CON

MP -- NY062 -- 6397 09/28/93 13:04 EDT
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Publication:PR Newswire
Date:Sep 28, 1993
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