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FIRST CHICAGO PLANS PREFERRED STOCK OFFERING

 FIRST CHICAGO PLANS PREFERRED STOCK OFFERING
 CHICAGO, Oct. 27 /PRNewswire/ -- First Chicago Corporation


(NYSE: FNB) announced the public offering of 6,000,000 depositary shares, each representing a one-twenty fifth interest in a share of cumulative preferred stock, Series E (Stated Value $625 per share), through a management group of Merrill Lynch & Co., Lehman Brothers, PaineWebber Incorporated, Smith Barney, Harris Upham & Co Incorporated, and Dean Witter Reynolds Inc. Each depositary share has a proportional liquidation preference of $25 per share.
 The net proceeds from the sale of these securities will be used for general corporate purposes, including the funding of investments in, or extensions of credit to, First Chicago's subsidiaries.
 At the time of the sale of the preferred stock, currently expected later this week or early next week, the dividend rate, redemption provisions, if any, and dividend payment dates will be established.
 -0- 10/27/92
 /CONTACT: Lisabeth Weiner of First Chicago, 312-732-4455/
 (FNB) CO: First Chicago Corporation ST: Illinois IN: FIN SU: OFR


AH -- NY127 -- 5659 10/27/92 17:17 EST
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Publication:PR Newswire
Date:Oct 27, 1992
Words:174
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