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ELAN COMMENTS ON SHARE PRICE DECLINE

 ELAN COMMENTS ON SHARE PRICE DECLINE
 ATHLONE, Ireland, June 17 /PRNewswire/ -- Elan Corporation, plc


(AMEX: ELN) said it knows of no reason for the recent sharp decline in the price of its ordinary shares or units (ELNU).
 Elan officials said they are comfortable with revenue and earnings projections of analysts following the company.
 -0- 6/17/92
 /CONTACT: Thomas Redington of Redington, 212-926-1733, or 203-222-7399, for Elan Corporation/
 (ELN) CO: Elan Corporation, plc ST: IN: MTC SU:


PS-OS -- NY047 -- 1085 06/17/92 12:23 EDT
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Publication:PR Newswire
Date:Jun 17, 1992
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