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FREMONT GENERAL CORP. ANNOUNCES PUBLIC OFFERING OF VARIABLE RATE ASSET BACKED CERTIFICATES BY THE FREMONT SMALL BUSINESS LOAN MASTER TRUST

 SANTA MONICA, Calif., Nov. 2 /PRNewswire/ -- Fremont General Corp. (NYSE: FMT) today announced the public offering of $100,000,000 principal amount of Series B Variable Rate Asset Backed Certificates of the Fremont Small Business Loan Master Trust. The Trust was established to issue Certificates that represent interests in a portfolio of commercial finance loans that were originated by Fremont Financial Corp., a subsidiary of Fremont General Corp. The Certificates are rated "AAA" by Standard & Poor's Corp. and Duff and Phelps Credit Rating Co.
 The asset securitization program was designed to provide a stable source of funds to facilitate the expansion of Fremont Financial's asset-based lending business. The interest rate on the Certificates is 0.35 percent over LIBOR.
 Fremont Financial Corp. makes asset-based loans to small- and medium-sized businesses that are primarily secured by accounts receivable and inventory. The company focuses on loans ranging in size from $1 million to $5 million. Fremont General Corp. is a diversified financial services holding company.
 Merrill Lynch & Co. was the lead manager in the offering.
 -0- 11/2/93
 /CONTACT: W.R. Bailey of Fremont General, 310-315-5500/
 (FMT)


CO: Fremont General Corp. ST: California IN: FIN SU: OFR

JL-LM -- LA006 -- 9539 11/02/93 09:31 EST
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Publication:PR Newswire
Date:Nov 2, 1993
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