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AMERICAN STUDIOS, INC. ANNOUNCES QUARTERLY DIVIDEND

 CHARLOTTE, N.C., Dec. 7 /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 Dec. 1, 1993 declared a $0.02 per share dividend payable on Dec. 31, 1993 to shareholders of record as of Dec. 15, 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 36 states in the United States, Puerto Rico and Mexico.
 -0- 12/7/93
 /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 -- CH010 -- 1431 12/07/93 16:33 EST
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Publication:PR Newswire
Date:Dec 7, 1993
Words:137
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