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WALTER G. MCNEILL, A STRUCTURED FINANCE SPECIALIST, TO JOIN WEIL, GOTSHAL & MANGES

 WALTER G. MCNEILL, A STRUCTURED FINANCE SPECIALIST,
 TO JOIN WEIL, GOTSHAL & MANGES
 NEW YORK, June 11 /PRNewswire/ -- Weil, Gotshal & Manges announced today that Walter G. McNeill, formerly the head (and founder) of the Structured Finance Department at Skadden, Arps, Slate, Meagher & Flom, will be joining the Firm to head up its newly organized Structured Finance Group in New York.
 Mr. McNeill is a recognized industry figure who was involved in some of the pioneering efforts in the mortgage backed and asset backed fields dating back to 1977. More recently, he has been prominent in many of the precedent setting transactions involving assets purchased from the Resolution Trust Corporation. He has also been involved in the recent securitization efforts in the insurance and banking areas. He is a frequent lecturer at securitization and banking conferences.
 Commenting on Mr. McNeill's arrival, Stephen J. Dannhauser, the executive partner of Weil, Gotshal & Manges, said, "We view the field of Securitization as one of great potential which will complement our existing real estate, bankruptcy and financing practices. Last year, approximately one-half of all public financings involved structured offerings -- and we view the area as one of continuing growth. We feel very fortunate to have someone of Walter's stature in the field around whom we can build this new practice area."
 Mr. McNeill said, "I believe there are tremendous synergies with Weil Gotshal's existing practice. Moreover, the Firm's commitment to dedicate whatever resources are necessary to become a dominant presence in this area presents a very attractive opportunity."
 Weil, Gotshal & Manges is a commercial law firm of more than 600 lawyers based in New York, with U.S. offices in Washington, D.C., Dallas, Houston, Miami and Silicon Valley and international offices in London, Brussels, Budapest and Warsaw.
 -0- 6/11/92
 /CONTACT: Stephen J. Dannhauser of Weil, Gotshal & Manges, 212-310-8326/ CO: Weil, Gotshal & Manges ST: New York IN: SU:


CK-OS -- NY043 -- 9230 06/11/92 12:20 EDT
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Date:Jun 11, 1992
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