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DISTRIBUTION FROM VANGUARD REAL ESTATE FUND I ANNOUNCED

 VALLEY FORGE, Pa., June 16 /PRNewswire/ -- The board of trustees of Vanguard Real Estate Fund I (VREF I) (AMEX: VRO) has declared a quarterly distribution in the amount of $.15 per share, payable no later than July 30, 1993, to shareholders of record on June 30.
 Vanguard Real Estate Fund I, a finite-life real estate investment trust, trades on the American Stock Exchange under the trading symbol VRO. The newspaper symbol is VREF I.
 ------
 This communication shall not constitute an offer to sell or the solicitation of an offer to buy shares of Vanguard Real Estate Fund I.
 -0- 6/16/93
 /CONTACT: Jeffrey S. Molitor of The Vanguard Group, 215-669-6303/
 (VRO)


CO: Vanguard Real Estate Fund I ST: Pennsylvania IN: FIN SU: DIV

MK-LJ -- PH022 -- 2671 06/16/93 14:14 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
Words:133
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