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AMEX OPENS LEAPS TRADING IN AMGEN, GLAXO HOLDINGS, TENNECO AND U.S. SURGICAL

 AMEX OPENS LEAPS TRADING IN AMGEN,
 GLAXO HOLDINGS, TENNECO AND U.S. SURGICAL
 NEW YORK, Jan. 20 /PRNewswire/ -- The American Stock Exchange today opened trading in LEAPS(TM) -- Long-Term Equity Anticipation Securities -- on Amgen Inc., Glaxo Holdings plc, Tenneco Inc. and U.S. Surgical Corporation.
 LEAPS have expirations as far out as three years, providing investors with opportunities to seek profit or protection from broad stock market movements on a long-term basis.
 Strike prices and expiration dates for the new LEAPS are as follows:
 Company LEAPS Expiration Strike
 Symbols Dates Prices
 Amgen Inc. ZAM Jan 1993 50, 75, 100
 WAM Jan 1994 50, 75, 100
 Glaxo Holdings plc ZGX Jan 1993 25, 35, 45
 WGX Jan 1994 25, 35, 45
 Tenneco Inc. ZTG Jan 1993 25, 35, 45
 WTG Jan 1994 25, 35, 45
 U.S. Surgical Corporation ZSS Jan 1993 100, 130, 170
 WSS Jan 1994 100, 130, 170
 The AMEX trades a total of 262 stock options, including 74 options on over-the-counter stocks. In addition, options are traded on four broad market indexes -- the Major Market Index (XMI), XMI LEAPS(SM) (XLT), the Institutional Index (XII) and the Japan Index (JPN) -- as well as two industry-based indexes -- the Oil Index (XOI) and the Computer Technology Index (XCI). CAPS -- capped options -- are traded on XMI and XII as well. The exchange also trades 26 LEAPS on leading stocks which have expirations up to almost three years.
 -0- 1/20/92
 /CONTACT: Shelly Wolfe of AMEX, 212-306-1641/ CO: Amgen Inc.; Glaxo Holdings plc; Tenneco Inc.; U.S. Surgical
 Corporation ST: IN: SU:


CK -- NY042 -- 1456 01/20/92 14:03 EST
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Publication:PR Newswire
Date:Jan 20, 1992
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