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BEN FRANKLIN ANNOUNCES CONVERTIBLE DEBT REGISTRATION

 CAROL STREAM, Ill., May 11 /PRNewswire/ -- Ben Franklin Retail Stores, Inc. (NASDAQ: BFRS) today announced that it has filed a registration statement with the Securities and Exchange Commission in connection with a proposed offering of $25,000,000 of Convertible Subordinated Notes.
 The company intends to use the net proceeds of this offering to fund the opening and operation of additional company-owned craft superstores and for general corporate purposes.
 Ben Franklin is a national wholesale supplier of variety and craft merchandise, as well as a franchisor of 669 variety stores and 244 craft stores in 47 states. These include 24 Ben Franklin Crafts "superstore" franchises, which feature approximately 15,000 square feet of selling space. The company also owns and operates 10 Ben Franklin Crafts superstores.
 PaineWebber Incorporated and Hamilton Investments, Inc. are the underwriters for the offering.
 This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offer is made only by the prospectus. Copies of the prospectus may be obtained in any state in which this announcement is circulated only from such other dealers or brokers as may legally offer these securities in such state.
 -0- 5/11/93
 /CONTACT: John Menzer of Ben Franklin Retail Stores, Inc., 708-462-6312/
 (BFRS)


CO: Ben Franklin Retaio?res, Inc. ST: Illinois IN: REA SU: OFR

BM -- CL019 -- 7007 05/11/93 11:32 EDT
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Publication:PR Newswire
Date:May 11, 1993
Words:234
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