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FINGERHUT COMPANIES ANNOUNCE QUALEN WILL BE LEAVING THE COMPANY

 MINNEAPOLIS, Aug. 3 /PRNewswire/ -- Fingerhut Companies, Inc. (NYSE: FHT) announced today the Michael A. Qualen, vice president, finance, and chief financial officer, will be leaving the company Feb. 1, 1994.
 Qualen, who has served in his current position for seven years, stated, "I've had wonderful experiences during my career here. But it's my desire to take a break, do some traveling and have some leisure time."
 According to Ted Deikel, Fingerhut chairman, "Mick has been a Fingerhut employee for 20 years and a key member of our management team. We wish him much happiness in his future endeavors."
 Deikel also said that the company has added a number of key managers in the financial organization within the last six months. Fingerhut expects to announced a new CFO before Qualen leaves.
 Fingerhut recently reported a 21 percent increase in earnings per share for the second quarter, ended June 25, 1993. Revenues rose 17 percent to $420.8 million. The company also announced a two-for-one stock split.
 Fingerhut Companies, Inc., one of the nation's largest catalog marketing companies, sells brand name and private label merchandise primarily through direct mail to an active customer base of 13 million customers. The company employs approximately 8,500 people in Minnesota, Wisconsin and Tennessee. Fingerhut Companies, Inc. common stock trades on the New York Stock Exchange under the symbol FHT.
 -0- 8/3/93
 /CONTACT: Betty Bothereau of Fingerhut Companies, 612-936-5586/
 (FHT)


CO: Fingerhut Companies, Inc. ST: Minnesota IN: REA SU: PER

DB -- MN015 -- 9054 08/03/93 16:30 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
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