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CHICAGO MILWAUKEE CORP. REPORTS 1993 THIRD QUARTER OPERATING RESULTS

 CHICAGO, Nov. 16 /PRNewswire/ -- Chicago Milwaukee Corp., an open- end, non-diversified, management investment company, today reported results for the third quarter ended Sept. 30, 1993.
 Net assets at Sept. 30, 1993, totaled $110.2 million. Net asset value per common share was $143.94 at Sept. 30, 1993. This compared to $267.0 million equal to $143.06 per common share at Dec. 31, 1992.
 Net investment income totalled approximately $1.1 million and $5.2 million for the third quarter and first nine months of 1993.
 Net realized gain on sale of investments for the third quarter and first nine months of 1993 totalled $.9 million and $6.9 million, respectively.
 During the third quarter, 905,596 shares were redeemed and 765,642 shares were outstanding at Sept. 30, 1993.
 Chicago Milwaukee Corp.'s portfolio earned a total return of 1.60 percent for the third quarter. On Sept. 30, the portfolio's average maturity and effective duration were 2.4 years and 2.2 years, respectively. The sector allocation was 95.5 percent treasury's and 4.5 percent cash equivalents.
 CHICAGO MILWAUKEE CORP.
 Condensed Statement Of Operations
 Quarter And Nine Months Ended Sept. 30, 1993
 Periods Ended Quarter Nine Months
 Sept. 30 1993 1993
 Investment income $ 1,402,616 $ 7,160,820
 Total expenses 280,462 1,924,907
 Net investment income 1,122,154 5,235,913
 Net realized gain on
 investments 888,060 6,922,573
 Net unrealized gain (loss)
 on investments (198,278) (195,945)
 Net increase in net assets
 from operations $ 1,811,936 $11,962,541
 CHICAGO MILWAUKEE CORP.
 Condensed Statements Of Assets And Liabilities
 Sept. 30, 1993 And Dec. 31, 1992
 Sept. 30, Dec. 31,
 1993 1992
 Investments at fair value (a) $112,058,159 $274,976,232
 All other assets 1,853,656 5,947,640
 Total assets 113,911,815 280,923,872
 Total liabilities 3,706,461 13,968,914
 Net assets $110,205,354 $266,954,958
 Net asset value per
 common share $ 143.94 $ 143.06
 Common shares outstanding 765,642 1,671,238
 (a) Assets decreased primarily because of the June 16, 1993,
 redemption of Chicago Milwaukee Corp. preferred stock and
 on-going common stock redemptions.
 -0- 11/16/93
 /CONTACT: Leon F. Fiorentino, 312-822-0400, for Chicago Milwaukee Corp./


CO: Chicago Milwaukee Corp. ST: Illinois IN: FIN SU: ERN

LD -- NY109 -- 5173 11/16/93 17:39 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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