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BANC ONE SELECTS 440 FINANCIAL GROUP TO ADMINISTER AND DISTRIBUTE THE ONE GROUP FAMILY OF MUTUAL FUNDS

 COLUMBUS, Ohio, Oct. 8 /PRNewswire/ -- David J. Kundert, president and chief executive officer of Banc One Investment Advisors Corporation, announced that the board of trustees of The One Group Family of Mutual Funds has selected 440 Financial Group of Worcester, Mass., as administrator/distributor for The One Group Family of Mutual Funds.
 The One Group Family of Mutual Funds is offered to customers of Banc One Corporation (NYSE: ONE) affiliates and other qualified institutions and individuals. The 22 equity, bond and money market portfolios have assets of approximately $5.35 billion and are advised by Banc One Investment Advisors Corporation, an indirect, wholly owned subsidiary of Banc One Corporation.
 "We are glad to have been named The One Group's administrator and distributor, and to be in a position to assist one of the premier banks in the country as it pursues its plans for growth in the financial services marketplace," said Larry C. Renfro, 440 Financial's president and chief executive officer. "We will work closely with The One Group to help Banc One provide its clients with products and services that will meet their financial needs," Renfro added.
 "Banc One Investment Advisors Corporation is committed to developing products and services that will meet client needs," said Kundert, president of Banc One Investment Advisors. "We believe 440 Financial will provide top quality service, innovation, cutting edge technology, as well as retail trust and institutional distribution support that will assist us in dramatic growth throughout the next decade," he added.
 440 Financial Group will provide a complete range of services, including marketing, fund administration, legal, compliance, telemarketing, fulfillment and wholesale mutual fund support.
 440 Financial's contract with Banc One Investment Advisors begins Dec. 1, 1993. 440 Financial is a member of the Allmerica Financial companies, a diversified group of insurance and financial services companies headquartered in Worcester, Mass.
 Banc One Corporation had assets of $75.5 billion and common equity of $6.3 billion as of June 30, 1993. Banc One now operates 78 banks with 1,320 offices in Arizona, California, Colorado, Illinois, Indiana, Kentucky, Michigan, Ohio, Texas, Utah, West Virginia and Wisconsin. Banc One Corporation also operates several additional corporations that engage in data processing, venture capital, investment and merchant banking, trust, brokerage, investment management, equipment leasing, mortgage banking, consumer finance and insurance.
 -0- 10/8/93
 /CONTACT: Johanna White of Banc One Corporation, 614-248-5481/
 (ONE)


CO: Banc One Corporation; 440 Financial Group ST: Ohio, Massachusetts IN: FIN SU:

KL -- CL022 -- 0261 10/08/93 15:15 EDT
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Publication:PR Newswire
Date:Oct 8, 1993
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