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FIDUCIARY TRUST COMPANY INTERNATIONAL INCREASES QUARTERLY DIVIDEND, DECLARES STOCK DIVIDEND AND REPORTS FIRST QUARTER EARNINGS

 NEW YORK, April 28 /PRNewswire/ -- The Board of Directors of Fiduciary Trust Company International have declared an increase in the regular quarterly dividend to 50 cents per share on common stock, payable May 21, 1993, to shareholders of record on May 10, 1993. The dividend previously had been 47 cents per common share.
 In addition, the board has declared a 5 percent stock dividend payable on July 15, 1993 to shareholders of record on June 15, 1993.
 Fiduciary Trust Company International manages $24 billion for individuals and institutions. Headquartered in New York, the company serves its worldwide clients from offices in New York, Washington, D.C., Los Angeles, Miami, London, Geneva and Hong Kong.
 The company today reported earnings and per share data for the three-month periods ended March 31, 1993 and 1992 as follows:
 FIDUCIARY TRUST COMPANY INTERNATIONAL
 (In thousands except per share data)
 Three Months Ended March 31 1993 1992
 Investment management, trust,
 and other commissions $ 20,251 $ 18,214
 Net interest margin 1,625 1,461
 Other income 2,409 1,307
 Total 24,285 20,982
 Operating expenses 20,100 17,581
 Income before taxes and cumulative
 effect of a change in accounting
 principle 4,185 3,401
 Applicable taxes 1,705 1,495
 Income before cumulative effect of
 a change in accounting principle $ 2,480 $ 1,906
 Cumulative effect on prior years of
 a change in accounting principle
 (net of taxes of $1,690) 0 1,937(a)
 Net Income $ 2,480 $ (31)
 Per share data based on 2,200,000 shares:
 Income before taxes and cumulative
 effect of a change in accounting
 principle $ 1.13 $ 0.87
 Net income $ 1.13 ($0.01)
 Book Value $ 23.69 $ 22.15
 Dividends $ 0.47 $ 0.40
 SUMMARIZED AVERAGE BALANCE SHEET DATA
 3/31/93 3/31/92
 Total assets $309,238 $280,749
 Total deposits 220,557 216,928
 Shareholders' equity 51,667 48,261
 (a) Effective January 1, 1992, the Company adopted FASB Statement No. 106, "Employers' Accounting for Postretirement Benefits Other Than Pensions." This non-recurring after-tax charge is $1,937,000.
 -0- 4/28/93
 /CONTACT: Michael O. Magdol, vice chairman and chief financial officer of Fiduciary Trust Company International, 212-466-4100/


CO: Fiduciary Trust Company International ST: New York IN: FIN SU: ERN DIV

WB -- NY102 -- 2240 04/28/93 16:15 EDT
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Date:Apr 28, 1993
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