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GARY W. KRAT ELECTED SENIOR VICE PRESIDENT OF BROAD INC.; KRAT WILL HEAD SUNAMERICA ANNUITY MARKETING ORGANIZATION

 GARY W. KRAT ELECTED SENIOR VICE PRESIDENT OF BROAD INC.;
 KRAT WILL HEAD SUNAMERICA ANNUITY MARKETING ORGANIZATION
 LOS ANGELES, Aug. 13 /PRNewswire/ -- Gary W. Krat has been elected as senior vice president of Broad Inc. (NYSE: BRO), a financial services company with $15 billion of assets owned or under management. Krat, 44, is chairman and chief executive officer of Broad Inc.'s wholly owned broker-dealers, Royal Alliance Associates, Inc. and SunAmerica Securities, Inc.
 In addition to his current responsibilities as head of the company's broker-dealer operations, Krat will assume direction of the annuity marketing organization of SunAmerica Corporation, the financial services group of Broad Inc.
 Krat joined Broad Inc. in January 1990 and became chairman and chief executive officer of the company's wholly owned broker-dealers in 1991. Before joining Broad Inc., he had held various senior marketing positions with Integrated Resources, Inc. since 1977 and was named president of its broker-dealer, which included a major portion of the current Royal Alliance sales force, in 1986. Prior to that, Krat was associated with the New York City law firm of Proskauer Rose Goetz and Mendelsohn.
 He holds an undergraduate degree from the University of Pittsburgh and a juris doctor degree from Fordham University School of Law.
 "Gary Krat brings to this expanded position an extensive background in the financial services industry, particularly in the marketing of retirement planning products and other investments," said Robert P. Saltzman, executive vice president of Broad Inc. and president of SunAmerica Corporation. "We at Broad Inc. and SunAmerica are extremely pleased to be able to draw upon Gary's strong expertise in the direction of our annuity marketing and broker-dealer operations."
 Together, Royal Alliance and SunAmerica Securities have 3,300 representatives under contract and constitute the second largest network of independent registered representatives in the nation.
 In his new capacity, Krat directs the billion-dollar annual sales and marketing effort for SunAmerica's fixed and variable annuities, sold by 24,000 independent representatives nationwide.
 Through the SunAmerica companies, Broad Inc. markets fixed and variable annuities, mutual funds, private investment counseling and retirement trust services to the fast-growing pre-retirement market.
 -0- 8/13/92
 /CONTACT: Lois Friedenberg of Broad, 310-445-6537/
 (BRO) CO: Broad Inc.; SunAmerica Corp. ST: California IN: FIN SU: PER


BP-KJ -- LA011 -- 9615 08/13/92 12:01 EDT
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Date:Aug 13, 1992
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