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EQUUS II INCORPORATED BEGINS TO REPORT NET ASSET VALUE WEEKLY

 HOUSTON, Nov. 4 /PRNewswire/ -- Equus II Incorporated (AMEX: EQS) will calculate and report its net asset value on a weekly basis to Lipper Analytical Services, Inc. ("Lipper") beginning Friday, Nov. 5, 1993. The net asset value of EQS will appear in Lipper's listing of Closed-End Funds that is published weekly in Barron's, Investor's Business Daily, The New York Times and The Wall Street Journal.
 The net asset value of EQS will be adjusted on a weekly basis to reflect changes in the market values of the securities of its publicly owned companies, as well as material changes in the securities of its private companies. Sam P. Douglass, chairman and CEO of EQS said, "We have always wanted to disseminate information about EQS to our shareholders as timely as possible. Weekly reporting of the net asset value will also help us gain more visibility for EQS throughout the investment community."
 Equus II Incorporated invests in equity-oriented securities of small to medium sized companies which are normally privately owned. The Fund is a business development company with current investments in 19 operating companies in various industries.
 -0- 11/4/93
 /CONTACT: Lisa R. Darrough or Patrick M. Cahill of Equus II Incorporated, 713-529-0900/
 (EQS)


CO: Equus II Incorporated ST: Texas IN: FIN SU:

MP -- NY050 -- 0657 11/04/93 11:12 EST
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Publication:PR Newswire
Date:Nov 4, 1993
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