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COMMERCE CLEARING HOUSE ELECTS DIRECTORS, APPROVES LONG-TERM INCENTIVE PLAN AND DECLARES CASH DIVIDEND

 RIVERWOODS, Ill., March 25 /PRNewswire/ -- Stockholders of tax and business law publisher Commerce Clearing House (CCH) (NASDAQ-NMS: CCLRA) at its annual meeting held today elected Ralph C. Whitley, an officer of CCH Companies since 1978, to its board; re-elected seven directors; and approved a long-term incentive plan for corporate officers and key employees, it announced today.
 The board of directors at a subsequent meeting declared a first quarter cash dividend of 17.5 cents per share, payable April 28, 1993, to holders of both class A and class B stock of record on April 9, 1993.
 Whitley, 50, has been a member of the CCH executive committee and president of CCH Computax Inc. since 1992, and executive vice president of CCH Computax inc. from 1978 to 1992.
 CCH said the incentive plan is designed to align the interests of CCH stockholders and its key employees by increasing key employees' proprietary interests in CCH's growth and success; in conjunction with this, to advance the interests of stockholders by attracting and retaining key employees by providing them with performance-based incentives.
 -0- 3/25/93
 /CONTACT: Mort J. Sullivan of Commerce Clearing House News Bureau, 708-940-4600/
 (CCLR)


CO: Commerce Clearing House ST: Illinois IN: SU: PER DIV

WB -- NY072 -- 9758 03/25/93 16:14 EST
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Publication:PR Newswire
Date:Mar 25, 1993
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