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BRUNSWICK ANNOUNCES ADOPTION OF ACCOUNTING CHANGE

 SKOKIE, Ill., Dec. 15 /PRNewswire/ -- Brunswick Corp. (NYSE: BC) today announced that it will adopt Financial Accounting Standards Board Statement No. 106 in 1992. This statement, adoption of which is mandatory by 1993, requires companies to accrue for projected costs of retiree benefits over the working lives of their eligible employees.
 The company reported that adoption of the new statement will have two effects: a one-time catch-up adjustment for applying the statement to prior years' results and the annual impact on earnings in 1992 and subsequent years. The company estimates that the catch-up adjustment will approximate $38 million after-tax, or 41 cents per share and that the impact on 1992 net earnings from operations will approximate $4 million, or 4 cents per share.
 Although the statement is being adopted in the fourth quarter, the change is required to be retroactive to the beginning of 1992. Therefore, the company's financial statements for the first three quarters of 1992 will be restated.
 Headquartered in Skokie, Ill., Brunswick Corp. is a multinational company with leadership positions in marine power, pleasure boating, recreation and selected defense/industrial markets. Its stock is traded on the New York, London, Tokyo, Midwest and Pacific Stock Exchanges.
 -0- 12/15/92
 /CONTACT: Adrian Sakowicz, director-public relations, 708-470-4131, William R. McManaman, vice president-finance, 708-470-4840, or Ross H. Stemer, director-investor relations, 708-470-4851, all of Brunswick Corp./
 (BC)


CO: Brunswick Corp. ST: Illinois IN: LEI SU:

TM -- NY082 -- 7436 12/15/92 17:24 EST
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Publication:PR Newswire
Date:Dec 15, 1992
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