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2,000,000 SHARES OF THE LEARNING COMPANY COMMON STOCK OFFERED AT $11 PER SHARE

 2,000,000 SHARES OF THE LEARNING COMPANY
 COMMON STOCK OFFERED AT $11 PER SHARE
 FREMONT, Calif., April 29 /PRNewswire/ -- The Learning Company (NASDAQ-NMS: LRNG) announced today its initial public offering on the NASDAQ National Market System, under the trading symbol LRNG. The initial public offering price for the 2,000,000 shares of common stock offered is $11 per share. Of the 2,000,000 shares of common stock offered, 1,000,000 will be offered by the company and 1,000,000 will be offered by certain of its stockholders.
 Morgan Stanley & Co. Inc. and Robertson, Stephens & Co. are acting as co-managers of the underwriting group for the offering. The net proceeds to the company will be added to working capital for general corporate purposes.
 The Learning Company is a leading developer of quality educational personal computer software for children and young adults for use at home and at school. The company's strategy is to use the benefits of emerging technologies to provide highly engaging, easy-to-use software products that help build core learning skills, develop knowledge, and facilitate effective written communication. The subject areas and learning objectives for the company's products are developed with input from outside educational professionals, parents, children, and young adults to ensure that each new product is of the highest quality and matches an identified market opportunity.
 The company's products are designed to address the core educational needs, such as reading, math, writing, and problem solving, common to all children and young adults. The company currently sells 25 consumer products comprised of 14 titles operating on one or more platforms, including IBM-compatible and Apple Macintosh personal computers. These titles include Reader Rabbit 1 (ages 3-6), Reader Rabbit 2 (ages 5-8), MetroGnomes' Music (ages 4-7), Math Rabbit (ages 3-7), Super Solvers Treasure Mountain! (ages 5-9), Super Solvers Midnight Rescue! (ages 7-10), Super Solvers OutNumbered! (ages 7-10), Super Solvers Spellbound! (ages 7-12), Writer Rabbit (ages 7-10), Think Quick! (ages 7 & up), Ancient Empires (ages 10 & up), Operation Neptune (ages 10 & up), The Children's Writing & Publishing Center (ages 7-14), and The Writing Center (ages 7-Adult).
 Copies of the Prospectus relating to the offering may be obtained from Morgan Stanley & Co Inc., 1251 Avenue of the Americas, New York, NY 10020, or Robertson, Stephens & Co., One Embarcadero Center, San Francisco, CA 94111.
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 4/29/92
 /CONTACT: Sharyn A. Fitzpatrick, 510-713-6011; or Les Schmidt, 510-792-2101, both of The Learning Company/
 (LRNG) CO: The Learning Company ST: California IN: CPR SU: OFR


MC-DG -- SJ005 -- 4159 04/29/92 08:03 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 29, 1992
Words:476
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