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BARNETT ESTABLISHES $1 BILLION BANK NOTE PROGRAM

 JACKSONVILLE, Fla., Jan. 5 /PRNewswire/ -- Barnett Banks, Inc. (NYSE: BBI) has established a bank note program to be used by its banks for asset-liability management purposes. The notes, to be issued on a continuously offered basis, will be senior debt of the issuing banks and may have maturities from 30 days to 30 years. Standard and Poors and Moody's have rated the short-term notes A-1/P-1 and the long-term notes A/A2 for all 31 Barnett banks.
 Notes issued under this program will be sold to institutional investors by various selling agents selected by the company. The notes will not be sold through Barnett's branches and will not be available to individual customers.
 Barnett's liquidity remains strong and it has no immediate plans to issue under this program. Proceeds from future bank-note issuance will be used to complement Barnett's normal deposit gathering activities.
 With $37 billion in assets and 621 offices in Florida and Georgia, Barnett Banks, Inc. is the leading financial institution in Florida and the 21st-largest in the United States. The company's stock (BBI) is listed on the New York Stock Exchange.
 -0- 1/5/94
 /CONTACT: Bob Stickler (media) 904-791-5437, or home, 904-396-9284, or Susan Friloux (analysts) 904-791-7627, or home, 904-246-2965, both of Barnett Banks/
 (BBI)


CO: Barnett Banks, Inc. ST: Florida IN: FIN SU:

RK-JB -- FL009 -- 9302 01/05/94 11:13 EST
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Publication:PR Newswire
Date:Jan 5, 1994
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