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RJR NABISCO DECLARES REGULAR DIVIDEND ON PERCS SHARES AND INITIAL DIVIDEND ON SERIES B PREFERRED STOCK

 NEW YORK, Oct. 5 /PRNewswire/ -- Directors of RJR Nabisco Holdings Corp. (NYSE: RN) have declared the regular quarterly cash dividend of 83.5 cents ($.835) per share, or 20.875 cents ($.20875) per depositary share (the one-quarter share units that trade on the New York Stock Exchange), on the company's Series A Conversion Preferred Stock (PERCS).
 The dividend is payable Nov. 15 to shareholders of record Oct. 29.
 The board also declared the initial, regular quarterly cash dividend on the company's Series B Cumulative Preferred Stock. The dividend is payable Dec. 1 to shareholders of record Nov. 16.
 The initial dividend has been prorated to $661.63 per share or $.66163 per depositary share (the 1/1,000 share units that trade on the New York Stock Exchange), reflecting the 103-day period from the shares' issuance date of Aug. 18, 1993 through Nov. 30. In future quarters, the stated dividend rate for the Series B shares is $578.125 per share, or $.578125 per depositary share, reflecting three-month quarterly periods.
 RJR Nabisco Holdings Corp. is the parent company of RJR Nabisco, Inc., an international consumer products company. RJR Nabisco's major operating units are R.J. Reynolds Tobacco Co., R.J. Reynolds Tobacco International, Inc., the Nabisco Foods Group and Nabisco International, Inc.
 -0- 10/5/93
 /CONTACT: Carol J. Makovich of RJR Nabisco, 212-258-5785/
 (RN)


CO: RJR Nabisco Holdings Corp. ST: New York IN: FOD TOB SU: DIV

RA-SB -- AT008 -- 8911 10/05/93 13:54 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
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