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THE CONTINUUM COMPANY, INC. ANNOUNCES OUTSOURCING AGREEMENT

 AUSTIN, Feb. 8 /PRNewswire/ -- The Continuum Company, Inc. (NYSE: CNU) announced today that its outsourcing group has signed a systems integration agreement with Fidelity Union Life Insurance Company (FULICO) of Dallas, Texas, and the North American Life and Casualty Company (NALAC) of Minneapolis, MN. The contract has an expected value of approximately $11 million over the next three years. After three years, maintenance and service renewal options provide for additional revenues of approximately $25 million over seven years.
 FULICO and NALAC, whose ultimate parent company is Allianz AG of Munich, Germany, have announced their intent to consolidate into a new company called Allianz Life Insurance Company of North America (Allianz Life) which will be headquartered in Minnesota. Under the agreement with Continuum, the policies administered by the two companies will be consolidated into a single integrated policy administration system.
 The systems integration agreement provides Allianz Life with Continuum's KeySource 2000(TM) outsourcing package, which includes implementation, development, and conversion services around standardized software products. Continuum expects to hire Allianz Life employees to assist in fulfilling the agreement.
 W. Michael Long, Continuum's chief executive officer, said, "Allianz Life's commitment to the KeySource 2000 outsourcing package is further proof of the strategic value of the new products and services we are introducing for the insurance industry." Lowell Anderson, NALAC's chairman, president, and CEO, added, "Our partnership with Continuum will enable us to achieve our objective of a single system platform for Allianz Life at an affordable cost and on a predictable time frame while providing access to new technologies for years to come."
 The Continuum Company, Inc. is an international consulting and computer services firm based in Austin, Texas, serving the needs of life insurance, property and casualty insurance and other financial services companies for computer software and services.
 -0- 2/8/93
 /CONTACT: John L. Westermann III of The Continuum Company, Inc., 512-345-5700/
 (CNU)


CO: Continuum Company, Inc. ST: Texas, Minnesota IN: CPR SU:

TM -- NY101 -- 4300 02/08/93 17:05 EST
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Date:Feb 8, 1993
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