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ALCAN ALUMINIUM U.S. DOLLAR DEBENTURE ISSUE

 ALCAN ALUMINIUM U.S. DOLLAR DEBENTURE ISSUE
 MONTREAL, Jan. 22 /PRNewswire/ -- Alcan Aluminium Limited (NYSE: AL)


announced today the public offering in the United States of U.S.$150 million of 8-7/8 percent debentures, due 2022. The debentures are priced at 99.422 percent of their principal amount to yield 8.93 percent. The First Boston Corporation and Morgan Stanley & Co. Incorporated are co-underwriters of the offering.
 The debentures are redeemable at the company's option commencing Jan. 15, 2002.
 Net proceeds to the company from the sale of the debentures will be used for general corporate purposes including capital spending and the reduction of short term debt.
 -0- 1/22/92
 /CONTACT: Jacques Dubuc of Alcan Aluminium, 514-848-8114/
 (AL) CO: Alcan Aluminium Limited ST: IN: SU: OFR


PS -- NY108 -- 2568 01/22/92 20:44 EST
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Date:Jan 22, 1992
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