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FIELDCREST CANNON ANNOUNCES ACTION BY SHAREHOLDER

 NEW YORK, June 17 /PRNewswire/ -- Fieldcrest Cannon, Inc. (NYSE: FLD) announced that its controlling shareholder, Amoskeag Company, had taken action to increase the size of the board of directors of Fieldcrest Cannon from 12 to 17 and elected four new directors.
 Amoskeag stated that the action was taken as a result of a vote of its controlling shareholder, the Dumaines Trust.
 The new directors of Fieldcrest Cannon are G. Edward Brooking Jr., William C. Bullock Jr., J. Frank Gerrity, II, and Mary B. Williams, all of whom are trustees of Dumaines Trust. With the addition of these new directors, of the 16 directors of Fieldcrest Cannon, ten are trustees of the Dumaines Trust.
 -0- 6/17/93
 /CONTACT: K. W. Fraser Jr., chief financial officer of Fieldcrest Cannon, Inc., 919-627-3253/
 (FLD)


CO: Fieldcrest Cannon, Inc. ST: North Carolina IN: TEX SU: PER

SH-OS -- NY026 -- 2953 06/17/93 09:34 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
Words:151
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