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NAIC GROWTH FUND DECLARES DIVIDEND

 ROYAL OAK, Mich., Dec. 21 /PRNewswire/ -- The board of directors of the NAIC Growth Fund, Inc. (NASDAQ: GROW) has declared a semiannual dividend of $.0585 per share to shareowners of record as of Dec. 31, 1992, payable Jan. 29, 1993.
 Established on July 2, 1990, by the National Association of Investors Corporation, the fund is listed on the National Association of Securities Dealers Automated Quotation system (NASDAQ) as "GROW."
 Following NAIC's philosophy of investing, the fund's objective is long-term growth with little regard to short-term market fluctuations. Investment decisions are based on the principles and philosophy of NAIC: invest regularly whether the market is high or low; reinvest earnings; buy securities of companies whose sales and earnings are growing faster than the total economy; and invest in a variety of industries and in different size companies.
 NAIC is a national, not-for-profit, volunteer organization of investment clubs and individual investors, based in Royal Oak. The association currently has more than 180,000 members representing some 8,600 investment clubs. The average NAIC member invests $34 per month in an investment club. The aggregate monthly NAIC membership investment of new money exceeds $15 million. The total holdings of NAIC members exceed $17 billion.
 The NAIC Growth Fund, with a net asset value of over $7 million, is a closed-end mutual fund. Its shares are available to both NAIC members and non-members.
 -0- 12/21/92
 /CONTACT: Linda Pollock or Kathy Loehrig of Anne Klein & Associates, 609-778-0380, for the NAIC Growth Fund/
 (GROW)


CO: NAIC Growth Fund, Inc. ST: Michigan IN: FIN SU: DIV

MJ-MK -- PH005 -- 8699 12/21/92 10:26 EST
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Publication:PR Newswire
Date:Dec 21, 1992
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