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H.F. AHMANSON ANNOUNCES $250 MILLIONCONVERTIBLE PREFERRED STOCK OFFERING

 IRWINDALE, Calif., July 27 /PRNewswire/ -- H.F. Ahmanson & Co. (NYSE: AHM), parent company of Home Savings of America, the nation's largest savings institution, announced today the public offering by Ahmanson of 5 million depositary shares representing its Cumulative Convertible Preferred Stock, Series D.
 Ahmanson previously announced that it intended to raise additional capital for various corporate purposes.
 The shares are to be sold to the public at $50.00 per share for a total of $250 million.
 It is expected that the stock will be listed for trading on the New York Stock Exchange.
 The stock will be underwritten by an underwriting group led by The First Boston Corp., and includes Bear, Stearns & Co., Inc., Goldman, Sachs & Co., Lehman Brothers and Merrill Lynch & Co. The company has granted the underwriters an option to purchase 750,000 additional shares to cover over-allotments, if any.
 A prospectus relating to these securities is available from The First Boston Corp., Park Avenue Plaza, New York, NY 10055 or from any of the underwriters. This announcement shall neither constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.
 H.F. Ahmanson & Co., with $50.0 billion in assets, is the parent company of Home Savings of America. Home's $38.6 billion deposit base is the largest of any U.S. savings bank. It operates 367 savings branches in nine states and 88 mortgage lending offices in 13 states.
 -0- 7/27/93
 /CONTACT: Mary Trigg of H.F. Ahmanson & Co., 818-814-7922/
 (AHM)


CO: H.F. Ahmanson & Co. ST: California IN: FIN SU: OFR

BP-MF -- LA045 -- 6407 07/27/93 16:22 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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