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EVIDENCE OF BOND OWNERSHIP REQUIRED FOR SPECIAL MEETING ON JANUARY 20, 1994, OF HOLDERS OF BONDS OF THE FOLLOWING ISSUES:

 SAN FRANCISCO, Jan. 18 /PRNewswire/ -- The following was released today by Pillsbury Madison & Sutro at the request of Commercial National Bank in Shreveport, La., and other municipal bond indenture trustees represented by the Pillsbury law firm (the "Trustees"):


$150,000,000 Louisiana Housing Finance Agency Securitized Multi-family Housing Revenue Bonds Series 1986A, trustee, COMMERCIAL NATIONAL BANK IN SHREVEPORT;
 CUSIP No. 546265PL7 $300,000,000 Adams County, Colorado Industrial Development Revenue Bonds Series 1986A, trustee, FIRST INTERSTATE BANK OF DENVER, N.A.;
 CUSIP No. 005614DS8 $150,000,000 Louisiana Agricultural Finance Authority Securitized Agricultural Revenue Bonds Series 1986A, trustees, SUNBURST BANK AND PREMIER BANK, N.A. (CO-TRUSTEES);
 CUSIP No. 546418AC8 $150,000,000 Louisiana Agricultural Finance Authority 8.25% Agricultural Revenue Bonds Series 1986A, trustees, SUNBURST BANK AND PREMIER BANK, N.A. (CO-TRUSTEE);
 CUSIP No. 546418AB0 $400,000,000 The Health, Educational and Housing Facility Board of the City of Memphis, Tenn., 8.68% Securitized Multifamily Housing Revenue Bonds Series 1986A, trustee, FIRST TENNESSEE BANK NATIONAL ASSOCIATION;
 CUSIP No. 586169AN4 $300,000,000 The Southeast Texas Housing Finance Corp. Securitized Multifamily Housing Revenue Bonds Series 1986A, trustee, NATIONSBANK OF TEXAS, N.A.;
 CUSIP No. 841514AU6 $100,000,000 Nebraska Investment Finance Authority Agricultural Revenue Bonds Series 1986A and $100,000,000 Nebraska Investment Finance Authority Agricultural Revenue Bonds, Series 1986B, trustee, NORWEST BANK MINNESOTA, N.A.;
 CUSIP No. 63967HAA9
 CUSIP No. 63967HAB7
 The indenture trustees represented by Pillsbury Madison & Sutro announced today that bondholders who are not registered holders planning to attend the previously announced meeting on Jan. 20, 1994, in New York and Dallas to discuss a proposed settlement agreement related to Executive Life Insurance Company related litigation should bring with them to that meeting evidence of bond ownership. The beneficial owner should provide a letter on the beneficial owner's letterhead confirming the position of the beneficial owner in each bond issue held by it and identifying the DTC participant through which its position is held and the nominee or street name of the DTC participant that would be reflected in a DTC position listing.
 The indenture trustees also separately announce that they had been informed that the National Organization of Life and Health Insurance Guaranty Associations committee that is responsible for monitoring the Executive Life Insurance Company insolvency proceedings had approved the proposed settlement agreement subject to certain changes to the document. The indenture trustees are awaiting information regarding the requested changes before formulating a response.
 -0- 1/18/94
 /CONTACT: Philip Warden of Pillsbury Madison & Sutro, 415-983-7260/


CO: Commercial National Bank in Shreveport, La. ST: Louisiana IN: SU:

LW-TM -- SF016 -- 2881 01/18/94 15:24 EST
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Publication:PR Newswire
Date:Jan 18, 1994
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