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EQUITABLE AND UNUM END STRATEGIC ALLIANCE DISCUSSIONS

 NEW YORK, March 3 /PRNewswire/ -- The Equitable Life Assurance Society of the U.S. and UNUM Life Insurance Company of America today announced that the two companies have ended discussions related to an arrangement whereby UNUM would provide, service and reinsure Equitable's disability income products. The companies said they were unable to reach an agreement on the economic terms of the arrangement.
 The Equitable is exploring other alternatives in this specialty market. However, neither the provisions nor guarantees of existing Equitable disability income policies will change in any way.
 The Equitable Life Assurance Society of the U.S., one of the nation's largest insurers, is a wholly-owned subsidiary of The Equitable Companies Incorporated (NYSE: EQ). The Equitable is one of the world's premier investment managers, with more than $151 billion in assets under management. Its investment subsidiaries include Alliance Capital Management L.P., Donaldson, Lufkin & Jenrette, Inc. and Equitable Real Estate Investment Management, Inc.
 -0- 3/3/93
 /CONTACT: Jane Mahoney (media), 212-554-1197, or Gregory Wilcox (analysts) at the Sheraton Hotel, 213-617-1133, both for Equitable; or Carol Eleazer (media), 207-770-4329, or Kent Mohnkern (analysts), 207-770-4392, both of UNUM/
 (EQ)


CO: Equitable Life Assurance Society of the U.S. ST: New York IN: INS SU:

PS -- NY037 -- 2431 03/03/93 11:55 EST
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Publication:PR Newswire
Date:Mar 3, 1993
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