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BANC ONE FORMS INVESTMENT ADVISORY SUBSIDIARY

 BANC ONE FORMS INVESTMENT ADVISORY SUBSIDIARY
 COLUMBUS, Ohio, Feb. 11 /PRNewswire/ -- Banc One Corporation


(NYSE: ONE) announced the formation of a new investment company called Banc One Investment Advisory Corporation, which is a subsidiary of Banc One Diversified Services Corporation. The primary mission of this company is to develop and implement a unified approach to investment policy and management for customers of Banc One. The announcement was made by John B. McCoy, chairman and chief executive officer of Banc One Corporation.
 E. Lynn Plaster has been appointed chairman for Banc One Investment Advisors. In addition to his new responsibilities, Plaster will continue as executive vice president and chief trust officer for the trust and asset management group of Bank One, Indianapolis. David J. Kundert will serve as president and chief executive officer of Banc One Investment Advisors and will assume day-to-day management of the company. He will report to Paul F. Walsh, chairman and chief executive officer of Banc One Diversified Services Corporation. Since 1984, Kundert has been president and chief executive officer of Bank One Wisconsin Trust Company.
 Plaster said, "Banc One Investment Advisors Corporation will be responsible for management of over $16 billion in assets, of which $7.5 billion are tax exempt. This ranks the company in the top five percent nationally of banks, investment counselors and insurance companies managing tax-exempt assets. Banc One Investment Advisors is a subsidiary of Banc One Diversified Services Corporation and will also be the product manager for the Helmsman Fund, which is a family of 14 mutual fund portfolios with assets of $2.7 billion offered by Banc One affiliates."
 Three operating units will report to Kundert. They include Leif E. Nulsen, who is senior managing director and chief investment officer of fixed income securities, where he will be directly responsible for the development and implementation of overall fixed income policy systemwide for Banc One Corporation customers. Nulsen, who joined Banc One in 1971, has more than 24 years of investment management experience, and will also serve as product manager for fixed income securities. He most recently served as senior vice president and chief investment officer for the trust and asset management group of Bank One, Indianapolis.
 Nulsen said, "The purpose of combining the proven investment expertise of the separate Banc One investment management groups is to ensure that Banc One continues to provide all clients with consistent superior performance while at the same time increasing the appeal to major national markets."
 Mark A. Elste, CFA, has been appointed senior managing director and chief investment officer of equity management, and also will be responsible for product management of equity securities. He has more than 15 years of investment management experience and most recently has served as senior vice president and chief investment officer of Bank One Wisconsin Trust Company. He will be responsible for developing and implementing overall equity investment policy for Banc One Corporation customers.
 Phillip E. Chambers has been appointed senior managing director of national sales and marketing. He will be responsible for the development and sales of strategic marketing programs for fixed income and equity products, client relations and marketing representatives. Chambers joined Bank One in 1982, and has 12 years of investment management and marketing experience, most recently serving as vice president and director of marketing for the trust asset management group of the Bank One, Indianapolis.
 McCoy said, "Separately, we have developed excellent investment expertise within our various state trust organizations. Combining these resources has enabled us to develop a major new investment advisory company that will serve virtually all markets while still permitting us to maintain the integrity of each individual investment product and customer. All of the investment professionals in this new company will still be responsible for their current investment management roles."
 Banc One Diversified Services Corporation is an affiliate of Banc One Corporation. Banc One Corporation had assets of $46.3 billion including Bank One, Texas, and total common equity of $3.5 billion as of Dec. 31, 1991. Banc One operates 53 banks with 843 offices in Indiana, Illinois, Kentucky, Michigan, Ohio, Texas and Wisconsin. Banc One Corporation also operates several additional corporations that engage in data processing, venture capital, investment and merchant banking, trust, brokerage, equipment leasing, mortgage banking, consumer finance and insurance.
 -0- 2/11/92
 /CONTACT: Phil Chambers of Banc One Investment Advisors Corporation, 317-321-8151; or John Russell of Banc One Corporation, 614-248-5989/
 (ONE) CO: Banc One Corporation ST: Ohio IN: FIN SU: PDT


KK -- CL014 -- 8883 02/11/92 14:45 EST
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Date:Feb 11, 1992
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