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FIRST UNION'S FIRST GROUP OF GEORGIA EMPLOYEES ARMED WITH SECURITIES LICENSE AS PART OF CORPORATE INITIATIVE

 ATLANTA, Dec. 3 /PRNewswire/ -- More than 40 First Union National Bank of Georgia bankers are among the first to successfully complete the licensing examination for the Series 6 and Series 63 broker's licenses, to sell mutual funds, including the bank's private label funds, the First Union Funds.
 Armed with the license, each is now a dual employee of First Union and of First Union Brokerage Services, Inc., one of the nation's oldest and largest bank-owned securities firms, and will continue to serve customer needs with First Union's full array of traditional bank products and services. They can offer mutual funds as an investment alternative to bank customers who are interested in diversifying their investments. Licensing and registration is required by securities regulators including various state securities commissions.
 Earlier this year in response to the unprecedented popularity of mutual funds, First Union announced an initiative to train and license two employees in each of its more than 1,300 branches to sell mutual funds throughout its banking region. The training included an intensive and thorough combination of class-room and home study, plus a rigorous examination.
 "We've heard the wake-up call from our customers, and are determined to respond with their demand for a wider array of investment choices," said Richard K. Wagoner, head of First Union's Capital Management Group, the trust, investment management and brokerage arm of the bank. "We believe our approach is unique, in that we're growing our own sales force of licensed representatives who are already familiar with our customers' needs."
 Since April, the bank also has been developing a software system, not only to fully integrate mutual fund sales with other customer information, but to ensure that the product fully meets each customer's individual requirements, including investment goals and risk tolerance.
 "We applaud those who have dedicated themselves to helping us win the battle for the customer, and congratulate them on their success," said Harald R. Hansen, First Union's Georgia chairman and chief executive officer.
 First Union Georgia's bankers who have achieved the Series 6 and 63 securities license and registration to date are as follows:
 Atlanta
 Laine N. Anchors, Manager, Club Drive
 David L. Bell, Manager, Akers Mill
 Dale R. Bowling, Manager, Killian Hill
 Kimberly L. Braddy, Manager, North Park
 Jennifer Burdick, Manager, East Point
 Lisa Collier, Manager, Haynes Bridge
 Lesley A. Fluke, Manager, Medical Center/Roswell
 Almeta M. Folds, Manager, Southlake
 Beverly Jacobs, VP and Manager, Kennestone/Marietta
 Andre T. Kennebrew, AVP and Manager, Wildwood/Powers Ferry
 Tamara Liquori, AVP and Manager Magnolia Street/Roswell
 Matthew Lee Lloyd, Sales Manager, Decatur Main office
 Jeffrey T. Poynter, Sales Manager, Toco Hills
 Jeffrey Allen Reid, Manager, Fayetteville
 Mark Rich, Manager, Austell Road
 Judy Thompson Ross, Manager, Lenox
 Elizabeth Bailey Shaw, Manager, East Lake
 Konrad H. Stierli, Manager, Norcross
 Toi D. Wilson, AVP and Manager, Ansley Mall
 Augusta
 Garrett M. Alton, Manager, Fort Gordon
 Kevin Katechis, AVP and Manager, Peach Orchard
 James M. Menger, VP and Manager, Daniel Village
 Donnie R. Miller, VP and Manager, Main office
 Yvonne C. Rees, AVP and Manager, Walton Way
 Columbus
 Greg L. Allmendinger, VP and Manager, Medical Center
 John Fuller, AVP and Manager, Fort Benning
 John Cannon Hydrick, AVP and Manager, Wynnton
 Stephanie Ayers Lee, AVP and Manager, Peachtree
 Christine T. Norton, VP and Manager, Main office
 Griffin
 Heidi Hein, Manager, Hampton
 Macon
 Laurie L. Martin, Assistant Manager, Main office
 Newnan
 Linda Kelley, Manager, Main office
 Rome
 Victoria Grace Hill, VP and Manager, Main office
 Sharon Lambert, Assistant Manager, Main office
 Savannah
 Lydia M. Barton, AVP and Manager, Landings
 Susan C. Getty, Manager, Wilmington Island
 Nella Hardee, AVP and Manager, Traffic Circle
 Lee B. Knight Jr., VP and Manager, Medical Arts
 David Schultz, VP and Manager, Johnson Square
 Vidalia
 George T. Chapman, City President
 Washington
 Shirley LeRoy Gunter, AVP and Manager, Washington-Wilkes
 The First Union Funds is a family of 13 mutual funds. Distributed by Federated Securities Corp. of Pittsburgh, Pa., the funds include the Value Fund, Balanced Fund, U.S. Government Fund, Insured Tax Free Fund, Fixed Income Fund, Money Market Fund, Tax Free Money Market Fund, Treasury Money Market Fund, and state-specific municipal bond funds in Florida, Georgia, North Carolina and Virginia.
 The investment adviser to the First Union Funds is First Union National Bank of North Carolina. The Funds are offered through First Union Brokerage Services, Inc., member of NASD and SIPC and an affiliate of the investment adviser.
 First Union National Bank of Georgia has $12 billion in assets and is a principal subsidiary of Charlotte, N.C.-based First Union Corporation (NYSE: FTU FTUpr). At September 30, 1993, First Union Corporation reported assets of $71.4 billion and operated 1,373 banking offices in Florida, North Carolina, South Carolina, Georgia, Virginia, Tennessee, Maryland and Washington, D.C., and 218 nonbanking offices in 36 states.
 -0- 12/3/93
 /CONTACT: Donna Stockton of First Union Corporation, 704-374-6999 (work) or 704-553-2874 (home)/
 (FTU)


CO: First Union National Bank of Georgia; First Union Corporation ST: Georgia IN: FIN SU: PER

CM -- CH006 -- 0301 12/03/93 15:04 EST
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Date:Dec 3, 1993
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