United States Life Elects Royall Victor III to Board of Directors.

NEW YORK, N.Y.--(BUSINESS WIRE)--March 25, 1997--The United States Life Insurance Company, a wholly owned subsidiary of USLIFE Corporation (NYSE:USH), today announced the election of Royall Victor III to its board of directors.

In making this announcement, Gordon E. Crosby, Jr., chairman of the board and chairman of the executive committee of USLIFE, said: "We are very pleased to have Mr. Victor join the United States Life board of directors. His expertise in finance and investments will certainly complement our diversified and dedicated board of directors."

Royall Victor III, 58, is managing director of Chase Securities, Inc., a position he held with Chemical Securities, Inc. prior to the merger of Chemical Bank with Chase Bank. He joined Chemical Bank in 1964 and successively rose through numerous management positions over the past 32 years.

In 1971, he was named vice president - district head at the New York office with responsibility for corporate and correspondent banking business in four mid-Atlantic states plus the District of Columbia. In 1975, he was promoted to vice president and general manager of Chemical Bank's Paris branch, concentrating on corporate indigenous and international banking business.

Mr. Victor was appointed in 1977 to senior vice president - division head with global responsibility for corporate banking in New York, New England, New Jersey, Ohio, Michigan, Pennsylvania, Delaware, Maryland and the District of Columbia, and significant involvement with major as well as foreign multinationals.

In 1980, he was elected senior vice president - banking and corporate finance group with responsibility for the operations of the corporate banking group in the United States. In 1989, he was appointed managing director of the banking and corporate finance group, which provides primary client management for Chemical Bank's largest and most important corporate clients.

Mr. Victor is a member of the board of directors of U.S. Industries, Inc., The Angler's Club of New York, Atlantic Salmon Federation and the Middlesex School. He is a past board member of Marine Harvest International, Inc., Sea Research Foundation and Turtle Bay Music School. Also, he is a member of the Flyfisher's Club of London, the Round Hill Club of Greenwich, Connecticut and the Yale Club of New York City.

From 1958 to 1961, he served with the Army Intelligence Group of the United States Army. He earned his Bachelor of Arts degree from Yale University, and participated in executive seminar programs at Harvard Business School and the Yale School of Organization and Management.

Mr. Victor and his wife, Wendy, reside in Greenwich, Connecticut. They have five children. -0-

Note to the Editor:

The United States Life Insurance Company was founded in 1850. Licensed to sell in all 50 states, it is the oldest stock life insurance company in America and one of the largest stock life insurance companies domiciled in New York. Rated A+ (SUPERIOR) by A.M. BEST Company and AA+ (EXCELLENT) for claims-paying ability by Standard & Poor's Corporation, United States Life has $62 billion of life insurance in force as of December 31, 1996.

USLIFE Corporation is a life insurance-based holding company comprised of eleven wholly owned subsidiaries. With more than $178 billion of life insurance in force and nearly $8 billion in assets, USLIFE Corporation operates nationwide through three ordinary life insurance companies, a credit insurance group, and six other companies that provide investment advisory, broker-dealer, marketing, real estate, data processing and administrative services. USLIFE Corporation common stock is traded under the symbol "USH" on the New York, Chicago, Pacific and London stock exchanges.

CONTACT: USLIFE Corporation, New York

Richard G. Hohn, Senior Vice President

Investor Relations, Secretary & Counsel, 212/709-6415