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DISTRIBUTIONS FROM THE VANGUARD GROUP OF INVESTMENT COMPANIES

 DISTRIBUTIONS FROM THE VANGUARD GROUP OF INVESTMENT COMPANIES
 VALLEY FORGE, Pa., Sept. 22 /PRNewswire/ -- The board of directors of the following members of The Vanguard Group of Investment Companies has declared the following distributions:
 Wellesley Income Fund -- a quarterly distribution from ordinary net income in the amount of $0.28 (twenty-eight cents) per share payable on Oct. 1, to shareholders of record on Sept. 23, 1992.
 Vanguard Equity Income Fund -- a quarterly distribution from ordinary net income in the amount of $0.14 (fourteen cents) per share payable on Oct. 1, to shareholders of record on Sept. 23, 1992.
 Vanguard Convertible Securities Fund -- a quarterly distribution from ordinary net income in the amount of $0.13 (thirteen cents) per share payable on Oct. 1, to shareholders of record on Sept. 23, 1992.
 Vanguard Index Trust/500 Portfolio -- a quarterly distribution from ordinary net income in the amount of $0.22 (twenty-two cents) per share payable on Oct. 1, to shareholders of record on Sept. 23, 1992.
 Vanguard Index Trust/Total Stock Market Portfolio -- a quarterly distribution from ordinary net income in the amount of $0.06 (six cents) per share payable on Oct. 1, to shareholders of record on Sept. 23, 1992.
 Vanguard Institutional Index Fund -- a quarterly distribution from ordinary net income in the amount of $0.22 (twenty-two cents) per share payable on Oct. 1, to shareholders of record on Sept. 23, 1992.
 Trustees' Commingled Fund/United States Portfolio -- a quarterly distribution from ordinary net income in the amount of $0.17 (seventeen cents) per share payable on Oct. 1, to shareholders of record on Sept, 23, 1992.
 Trustees' Commingled Fund/International Portfolio -- a quarterly distribution from ordinary net income in the amount of $0.19 (nineteen cents) per share payable on Oct. 1, to shareholders of record on Sept. 23, 1992.
 Vanguard Specialized Portfolios/Utilities Income -- a quarterly distribution from ordinary net income in the amount of $0.12 (twelve cents) per share payable on Oct. 1, to shareholders of record on Sept. 23, 1992.
 -0- 9/22/92
 /CONTACT: Richard F. Hyland, treasurer of The Vanguard Group, 215-669-6141/ CO: The Vanguard Group ST: Pennsylvania IN: FIN SU: DIV


MJ-CC -- PH039 -- 2322 09/22/92 15:45 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
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