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EQUITABLE BOARD NAMES NEW AUDITORS

 NEW YORK, March 19 /PRNewswire/ -- The Board of Directors of The Equitable Companies Incorporated (NYSE: EQ) today announced the appointment of Price Waterhouse as the company's new independent auditors. Deloitte & Touche was Equitable's previous auditing firm.
 The reason for the change is to eliminate duplication of effort and streamline procedures for The Equitable and AXA, its largest shareholder. AXA has Price Waterhouse as its worldwide auditor and consolidates Equitable's results into its own financial reporting. Use of the same firm will achieve greater efficiencies for The Equitable and AXA.
 "We recognize the long years of excellent service provided by Deloitte & Touche, particularly during our demutalization process," noted Richard H. Jenrette, chairman and CEO of The Equitable Companies Incorporated. "We have been most pleased by the high quality and commitment of the firm."
 The Equitable Companies Incorporated is one of the world's premier investment managers with over $150 billion in assets under management through products distributed by its primary businesses: The Equitable Life Assurance Society; Alliance Capital Management L.P.; Donaldson, Lufkin & Jenrette, Inc.; and Equitable Real Estate Investment Management, Inc.
 -0- 03/19/93
 /CONTACT: Nancy M. Amiel, 212-554-4293, or Greg Wilcox, investor relations, 212-554-2595, both of Equitable Companies Incorporated/
 (EQ)


CO: Equitable Companies Incorporated ST: New York IN: INS SU:

AH -- NY038 -- 7900 03/19/93 12:25 EST
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Publication:PR Newswire
Date:Mar 19, 1993
Words:220
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