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AMEX TO BEGIN TRADING OPTIONS ON SNYDER OIL AND CAERE CORPORATION

 NEW YORK, April 23 /PRNewswire/ -- The American Stock Exchange today said it would open put and call options trading on Monday, April 26, on the listed stock of Snyder Oil (ticker symbol: "SNY") and the over-the- counter stock of Caere Corporation (options symbol: "KAQ").
 Synder Oil, of Fort Worth, Texas, is an independent oil company that is involved in the exploration, development, production and acquisition of domestic oil and gas properties as well as the marketing of natural gas in the U.S.
 SNY will open with strike prices of 15, 17-1/2 and 20 and position limits of 3,000 contracts. Initial expiration months will be May, June, September and December of 1993. AGS Specialist Partners will be the specialist unit for the new options.
 Headquartered in Los Gatos, Calif., Caere Corporation designs, manufactures and markets low-cost information recognition software and systems products that convert data into computer-usable forms. Its principal product, OmniPage, is the most advanced page recognition software available for use with inexpensive desktops and personal computers.
 KAQ will open with strike prices of, 5, 7-1/2 and 10 and position limits of 5,500 contracts. Initial expiration months will be May, June, August and November of 1993. Susquehanna Investment Group will be the specialist unit for the new options.
 The Amex trades a total of 317 stock options, including 84 options on over-the-counter stocks, as well as 42 LEAPS(TM) (Long-term Equity AnticiPation Securities). In addition, options are traded on six broad- market indexes -- the Major Market Index (XMI), the XMI LEAPS(TM) Index (XLT), the S&P MidCap 400 Index (MID), the Institutional Index (XII), the Japan Index (JPN) and the EUROTOP 100 Index (EUR) -- as well as five industry based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(TM) Index (DGL) and The Biotechnology Index (BTK).
 -0- 4/23/93
 /CONTACT: Kathleen Fitzpatrick, manager, derivative securities communications of the American Stock Exchange, 212-306-1697/
 (SNY KAQ)


CO: Snyder Oil Corporation; Caere Corporation ST: Texas, California IN: OIL CPR SU:

TS -- NY067 -- 0102 04/23/93 13:19 EDT
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Date:Apr 23, 1993
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