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DU PONT TO TAKE ONE-TIME CHARGE

 DU PONT TO TAKE ONE-TIME CHARGE
 WILMINGTON, Del., Jan. 6 /PRNewswire/ -- In response to inquiries,


Du Pont (NYSE: DD) announced today it plans to adopt in 1993 the new accounting standard requiring companies to account on an accrual basis for the cost of health and life insurance benefits provided to current and future pensioners and survivors.
 Du Pont and most other companies currently account for such costs on a cash basis.
 Du Pont estimated that changing to the new accounting standard will result in a $3 billion to $4 billion after-tax charge. The company said it currently expects to take a one-time charge in the first quarter 1993, when the company is required to adopt the new standard. On this basis, starting in 1993, there will be an additional annual after-tax charge estimated at between $150 and $300 million. The standard also would allow the one-time charge to be amortized over 20 years. Cash expenditures will not be affected by the accounting change.
 /delval/
 -0- 1/6/92
 /CONTACT: Clinton C. Archer of Du Pont, 302-774-6661/
 (DD) CO: Du Pont ST: Delaware IN: CHM SU:


CC -- PH024 -- 7018 01/06/92 16:04 EST
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Publication:PR Newswire
Date:Jan 6, 1992
Words:194
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