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FIRST UNION REPORTS TRUST INVESTMENT PERFORMANCE

 FIRST UNION REPORTS TRUST INVESTMENT PERFORMANCE
 CHARLOTTE, N.C., Feb. 3 /PRNewswire/ -- A national study has


placed First Union National Bank's Capital Management Group in the top 4 percent of the nation's money managers for the 10-year period ended December 31, 1991.
 First Union's Common Stock Fund for individuals, managed by the bank's Capital Management Group, ranked in the top 4 percent of money managers and 39th nationally, with a 10-year cumulative return of 496.3 percent. By comparison for the same period, the Standard & Poor's 500 returned 403.2 percent.
 The study is conducted and published quarterly by CDA Investment Technologies, Inc., an independent investment performance measurement service based in Rockville, Md. For this 10-year period, CDA ranked 909 U.S. investment funds managed by banks, insurance companies and mutual funds.
 First Union's Capital Management Group is the trust and investment arm of the bank. The group offers investment management and administrative services to corporations for various pension, profit sharing and 401(k) plans, as well as to individual trust accounts, endowments and foundations across the Southeast.
 First Union National Bank also serves as investment adviser to The Salem Funds, a family of mutual funds.
 First Union Corporation (NYSE: FTU FTUpr) reported assets of $46.1 billion as of Dec. 31, 1991. The corporation operates 1,001 banking offices in North Carolina, South Carolina, Georgia, Florida and one banking office in Tennessee, and 209 nonbanking offices in 36 states.
 -0- 12/3/92
 /CONTACT: Media Contact -- Donna Stockton, First Union Corporation, 704-374-6999 (work) or 704-331-9619 (home)/
 (FTU) CO: First Union Corporation ST: North Carolina IN: FIN SU:


DF -- CH004 -- 6090 02/03/92 10:47 EST
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Publication:PR Newswire
Date:Feb 3, 1992
Words:277
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