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APC NAMES TONI REMBE TO BOARD OF DIRECTORS; DECLARES COMMON AND PREFERRED STOCK DIVIDENDS

 OAKLAND, Calif., Oct. 6 /PRNewswire/ -- American President Cos. (NYSE: APS) announced that Toni Rembe, 56, has been elected to the company's board of directors. Rembe is a senior partner at the law firm of Pillsbury, Madison & Sutro in San Francisco.
 Rembe is a specialist in the state and local tax field, and has lectured extensively in the area. She serves on the board of directors of Pacific Telesis, Pacific Bell, Safeco Corp. and Potlatch Corp. and is a trustee of Mills College, American Conservatory Theater and the Van Loben Sels Foundation.
 In other business, the APC Board of Directors declared a regular quarterly dividend on the company's common stock of 15 cents per share. The dividend is payable Nov. 30, 1993 to stockholders of record Nov. 15, 1993. The board also declared a regular quarterly dividend on the company's Series C Cumulative Convertible Preferred Stock in the amount of $1.125 per share, payable Dec. 15, 1993 to stockholders of record on Dec. 1, 1993.
 American President Cos. provides container transportation and related services in North America, Asia and the Middle East through an intermodal system combining ocean, rail and truck transportation.
 -0- 10/6/93
 /CONTACT: Randall K. Gausman of American President Cos., 510-272-8284/
 (APS)


CO: American President Cos. ST: California IN: TRN SU: PER DIV

SG -- SF005 -- 9310 10/06/93 11:43 EDT
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Publication:PR Newswire
Date:Oct 6, 1993
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