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DAMES & MOORE HOLDS ANNUAL MEETING

 DAMES & MOORE HOLDS ANNUAL MEETING
 LOS ANGELES, Aug. 10 /PRNewswire/ -- Dames & Moore (NYSE: DM)


held its 1992 annual meeting of shareholders in Los Angeles today. The shareholders elected a board of 10 members, nine of whom are incumbents, ratified the appointment of KPMG Peat Marwick as the company's independent public accountants for the 1993 fiscal year and approved the company's Long-Term Incentive Plan.
 Elected to the board were William W. Moore, a nominee, and incumbents George D. Leal, Robert M. Perry, Arthur C. Darrow, Glenn D. Martin, William M. Greenslade, Richard C. Tucker, James E. Seitz, Harald Peipers and Busso F. Peus.
 The Long-Term Incentive Plan, adopted by the board of directors in June 1991, authorizes the issuance of up to 1.9 million shares of common stock for the granting of non-qualified and incentive stock options to officers and key employees. The plan also allows the issuance or granting of restricted stock to new officers.
 Addressing the shareholders after the formal meeting, George D. Leal, chairman, president and chief executive officer, said the company reported record revenues and earnings in fiscal 1992, which ended March 27. Net revenues rose 10 percent to $259,686,000, and earnings per share were $0.97, compared with $0.73 in fiscal 1991. Although revenues and earnings slowed in the first quarter of fiscal 1993, ended June 26, 1992, the company's prospects continue to be excellent. He said that Dames & Moore's first-quarter growth was constrained by the stagnant economy, but that the company is seeing the initial signs of a recovery.
 "We see continued growth in earnings and net revenues in the second quarter, and we see prospects for more rapid growth in the second half of fiscal 1993," Leal said.
 Dames & Moore provides comprehensive environmental and other specialized consulting and engineering services throughout the world. In its 54-year history, the firm has completed more than 93,000 projects for more than 24,000 clients in more than 140 countries. It has 117 offices in 20 countries.
 The firm's clients are principally large domestic and multinational corporations, including 80 percent of the Fortune 100 companies.
 -0- 8/10/92
 /CONTACT: Jill Tenney-Groswirth of Dames and Moore, 213-683-1560; or Tom Wick or William F. Coffin of Financial Relations Board, 818-783-2400, for Dames & Moore/
 (DM) CO: Dames & Moore ST: California IN: CST SU: PER


AL-JL -- LA009 -- 8682 08/10/92 16:57 EDT
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Date:Aug 10, 1992
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