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AMERICAN STUDIOS, INC. ANNOUNCES QUARTERLY DIVIDEND

 CHARLOTTE, N.C., Sept. 9 /PRNewswire/ -- American Studios, Inc. (NASDAQ-NMS: AMST), the principal provider of portrait photography services in Wal-Mart Stores, Inc. (Wal-Mart) (NYSE: WMT) today announced that its board of directors on Aug. 31, 1993, declared a $0.02 per share dividend payable on Sept. 30, 1993, to shareholders of record as of Sept. 20, 1993.
 The company presently has 21,634,397 shares of common stock outstanding. American Studios, Inc. currently provides portrait photography services in over 1,700 Wal-Mart stores in 35 states in the United States and Puerto Rico.
 -0- 9/9/93
 /CONTACT: R. Kent Smith, President, or A. Allen Henderson, CFO, of American Studios, 704-588-4351/
 (AMST WMT)


CO: American Studios, Inc.; Wal-Mart Stores, Inc. ST: North Carolina IN: REA SU: DIV

MM -- CH007 -- 0402 09/09/93 14:45 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
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