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DYNCORP ISSUES NOTICE OF REDEMPTION

 DYNCORP ISSUES NOTICE OF REDEMPTION
 RESTON, Va., Jan. 28 /PRNewswire/ -- DynCorp, a Delaware


corporation, will redeem all the outstanding shares of its 17 percent Redeemable Pay-in-Kind Class A Preferred Stock, par value 10 cents per share, in accordance with the company's Amended and Restated Certificate of Incorporation.
 The Redemption Price to be paid for each share of Preferred Stock is $25. Holders will also receive a cash payment for dividends accrued from Jan. 1, 1992, to the Redemption Date. The Redemption Date will be Feb. 27, 1992; the amount of Accrued Dividends will be $0.6637 per share of Class A Preferred Stock. Holders of record as of Feb. 16, 1992, will be entitled to receive the Redemption Price and the Accrued Dividends, which total $25.6637 per share of Class A Preferred Stock.
 Certificates representing the Class A Preferred Stock must be sent to the Company's Transfer Agent, the First National Bank of Maryland, together with a transmittal form.
 From the Optional Redemption Date and thereafter, the Class A Preferred Stock shall cease to accumulate dividends or to bear any other rights as stock in the company, except only to receive the Redemption Price and the Accrued Dividends. No interest will accrue on the Redemption Price or the Accrued Dividends.
 This redemption does not apply to the company's outstanding 16 percent Pay-in-Kind Junior Subordinated Debentures due 2003.
 -0- 1/28/92
 /CONTACT: Janine Carey, director, corporate communications, DynCorp, 703-264-8733/ CO: DynCorp ST: Virginia IN: SU:


TW -- DC030 -- 4366 01/28/92 15:40 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 28, 1992
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