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NEW YORK LIFE FILES A $300 MILLION DEBENTURE OFFERING

 NEW YORK, April 22 /PRNewswire/ -- New York Life Insurance Company today filed a registration statement with the Securities and Exchange Commission for a proposed $300 million public offering of senior, unsecured debentures.
 Proceeds from the sale of the debentures will be used by New York Life Insurance Company for general corporate purposes. The lead underwriters for the issue will be Goldman Sachs, the First Boston Corporation, and Salomon Brothers Inc.
 New York Life Insurance Company is one of the largest life insurance companies in the United States. On the insurance side, New York Life and its affiliates offer traditional life, group, annuity, and disability income insurance products, as well as managed care. On the investment side, New York Life and its affiliates provide institutional asset management and investment products for individuals, such as mutual funds and structured finance.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall neither constitute an offer to sell, nor the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
 -0- 4/22/93
 /CONTACT: David Pomerantz of New York Life, 212-576-6038, or Steve Silber of Ogilvy Adams & Rinehart, 212-880-5229, for New York Life/


CO: New York Life Insurance Company ST: New York IN: INS SU: OFR

SH-SM -- NY056 -- 9387 04/22/93 11:38 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
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