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DEFINED ASSET FUNDS FOCUSES ON THE FOOD INDUSTRY

 DEFINED ASSET FUNDS FOCUSES ON THE FOOD INDUSTRY
 NEW YORK, March 19 /PRNewswire/ -- The syndicate firms of Merrill


Lynch, Prudential Securities, Dean Witter, and PaineWebber announced today they are offering a new Defined Asset Fund that invests in the food and beverage industry.
 The Food Fund is the latest offering in the syndicate's Equity Income Fund Concept Series and holds securities in such recognized companies as Coca-Cola, Gerber, General Mills, Quaker Oats, Sara Lee, Ralston Purina, Hershey, and Hormel.
 "The food industry was chosen because of its tendency to be recession-resistant," said Stan Craig, vice president and national sales manager of Merrill Lynch's Defined Asset Funds Division. "Over the last six years, the industry has shown consistently positive earnings, even in hard economic times."
 There are 30 companies in the portfolio representing three major segments of the industry: food processing, food distributors and beverage companies. "Our portfolio runs the gamut of the food and beverage industry and their products are a part of our everyday lives," said Herb Kent, senior vice president of Prudential Securities Inc.
 On average, growth in earnings per share of the companies in the portfolio was 16.1 percent over the past five years and 11.8 percent over the past year. Although past performance does not guarantee future results, the sponsors anticipate that these selected companies will demonstrate growth over the next five years.
 "There are a couple of factors that we believe will contribute to this growth," said Craig. "First, Americans are becoming more health conscious and many of the food companies in this fund have responded to this concern by creating low fat, low calorie, low sodium products. And second, many of the large food companies are taking advantage of growth opportunities in foreign markets."
 Like all other Defined Asset Funds, the Food Fund offers a defined portfolio listed in the prospectus and pays income quarterly. The minimum investment is $1,000. Another key benefit is defined supervision. While the fund is not actively managed, each stock is monitored by the Defined Funds Research Department. If a company's long-term prospects decline, it may be sold from the portfolio and one or more of the stocks listed as substitutes in the prospectus may then be included.
 More information is available by contacting a local office of any of the syndicate firms for a free prospectus. Prospective investors should read it carefully before investing.
 -0- 3/19/92
 /CONTACT: Roberta Rigby, 609-282-8639, or Fred Yager, 212-449-7355, both of Merrill Lynch/
 (MER) CO: Merrill Lynch & Co., Inc. ST: New York IN: FOD FIN SU: PDT


GK-SM -- NY045 -- 9648 03/19/92 11:47 EST
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Publication:PR Newswire
Date:Mar 19, 1992
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