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ITT CORPORATION ANNOUNCES EXTENSION OF WAIVER

 NEW YORK, Aug. 20 /PRNewswire/ -- ITT Corporation (NYSE: ITT) announced today that as a result of the recent improvement in the bond market its ITT Financial Corporation subsidiary has waived the condition relating to Benchmark Treasury Yields in its invitation to tender to holders of certain of its notes and debentures. As a result of the waiver the invitation has been extended and is now scheduled to expire at midnight, New York City time on Monday, Aug. 23, 1993 unless further extended or earlier terminated.
 All other terms and conditions of the invitation as set forth in the invitation dated July 26, 1993 as amended and supplemented by the supplement dated Aug. 5, 1993 continue in effect.
 -0- 8/20/93
 /CONTACT: Jim Gallagher of ITT Corporation, 212-258-1261/
 (ITT)


CO: ITT Corporation; ITT Financial Corporation ST: New York IN: SU:

SM -- NY011 -- 4630 08/20/93 09:19 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
Words:149
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