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PACIFIC AMERICAN INCOME SHARES DECLARES DIVIDEND

 PASADENA, Calif., Aug. 12 /PRNewswire/ -- Pacific American Income Shares Inc. (NYSE) announced today the declaration of a cash dividend of $0.32 per share on its common stock, payable Sept. 15, 1993, to shareholders of record on Aug. 26, 1993.
 Pacific American Income Shares Inc. is a closed-end investment company which invests predominantly in a diversified portfolio of debt securities. Its investment adviser is Western Asset Management Co., a subsidiary of Legg Mason Inc.
 -0- 8/12/93
 /CONTACT: Marie K. Karpinski, assistant treasurer of Legg Mason, 410-539-0000, ext. 5790, for Pacific American Income Shares/


CO: Pacific American Income Shares Inc. ST: California IN: FIN SU: DIV

EH-JB -- LA019 -- 2159 08/12/93 13:58 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
Words:116
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