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3M DISCUSSES SECOND-QUARTER OUTLOOK

 ST. PAUL, Minn., June 10 /PRNewswire/ -- 3M (NYSE: MMM) said today that it expects higher second-quarter earnings, but that the gain will be held back by slowing U.S. growth.
 "Reflecting what appears to be a slowing of the U.S. economy, a majority of our businesses have experienced slower U.S. growth so far this quarter," said L.D. DeSimone, chairman and chief executive officer.
 DeSimone said that 3M's international unit-volume growth is running at about the same level as in the first quarter. Currency effects are expected to be similar to the first quarter, reducing earnings by about a nickel a share.
 "At this juncture, we look for higher second-quarter earnings," DeSimone said, "but it appears the gain will be less than we previously expected."
 In the second quarter of 1992, 3M earned $317 million, or $1.45 a share, on sales of $3.5 billion.
 -0- 6/10/93
 /CONTACT: Jon A. Greer of 3M Investor Relations, 612-736-1915 or (Fax) 612-736-2133/
 (MMM)


CO: Minnesota Mining & Manufacturing ST: Minnesota IN: MNG SU: ERP

AL -- MN006 -- 0563 06/10/93 11:07 EST
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Publication:PR Newswire
Date:Jun 10, 1993
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