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AMEX OPENS TRADING IN LEAPS ON CHIRON CORPORATION

 NEW YORK, Oct. 27 /PRNewswire/ -- The American Stock Exchange today opened trading in Long-term Equity AnticiPation Securities(R), LEAPS(R), on listed stock of Chiron Corporation (ticker symbol: CHIR).
 Chiron Corporation is a leading biotechnology company that focuses on the development of products in four key areas -- diagnostics, vaccines, therapeutics and ophthalmics.
 Chiron LEAPS have expirations in January of 1995 (LEAPS symbol: VHR) and 1996 (LEAPS symbol: LHR). VHR and LHR will open with strike prices of 50, 75 and 100. GHM, Inc., is the specialist unit for the new LEAPS.
 LEAPS have longer terms until expiration than regular options, usually up to three years.
 The Amex trades a total of 350 stock options, including 98 options on over-the-counter stocks, as well as 44 LEAPS. In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS(R) Index (XLT), the S&P Midcap 400 Index and MidCap LEAPS(R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR), the Morgan Stanley Cyclical (CYC) and Consumer (CMR) Indexes -- as well as six industry-based indices -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(R) Index (DGL), the Biotechnology Index (BTK), and the BTK LEAPS(R) Index (BKL).
 -0- 10/28/93
 /CONTACT: Steven Shapiro, assistant director of American Stock Exchange, 212-306-1634/
 (CHIR)


CO: Chiron Corporation ST: California IN: MTC SU:

TW -- NY030 -- 7790 10/28/93 10:23 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
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