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GREAT AMERICAN RECEIVES REVENUE RULING

 GREAT AMERICAN RECEIVES REVENUE RULING
 CHICAGO, Aug. 13 /PRNewswire/ -- Great American Management and


Investment, Inc. (NASDAQ: GAMI) announced today that it has received a revenue ruling from the Internal Revenue Service which, under certain circumstances, would allow Great American to spin-off its subsidiary, Eagle Industries, Inc., to stockholders in a tax free transaction. Management is currently reviewing the ruling and will give its recommendation to the board of directors. The board will then vote on this matter.
 -0- 8/13/92
 /CONTACT: Susan Obuchowski, 312-466-4010, for Great American Management and Investment/
 (GAMI) CO: Great American Management and Investment, Inc. ST: Illinois IN: SU:


LR -- NY059 -- 9715 08/13/92 14:23 EDT
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Publication:PR Newswire
Date:Aug 13, 1992
Words:112
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