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

 GREENVILLE, S.C., Dec. 3 /PRNewswire/ -- First Union National Bank's second graduating class of employees has successfully completed 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.
 First Union now has more than 50 South Carolina employees who have successfully completed this training -- an intensive and thorough combination of class-room and home study, plus a rigorous examination.
 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.
 "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.
 First Union South Carolina's bankers who have achieved the Series 6 and 63 securities license and registration to date are as follows:
 Anderson
 David Lawrence Chamblee, Manager, Main Office
 Beaufort
 J. Richard Brown, VP and City Executive
 Blacksburg
 Danny Lawrence Ham, City Executive
 Cayce
 Jack Montgomery, City Executive
 Chapin
 Jeffrey M. Carter, City Executive
 Charleston
 Patrick Brumfield, AVP and Manager, Main Office
 Cheryl W. Kinard, AVP and Manager, North Rivers Market
 Rene J. Seith, Manager, Isle of Palms
 Chester
 Clara Lathrop Jacobs, Customer Service Representative
 Clover
 Elsie M. Good, VP and City Executive
 Columbia
 Jodi C. Blackwood, Manager, Columbiana Centre
 Carla J. Binnicker, Manager, Dutch Square
 Craig A. Driggers, AVP and Manager, Main Office
 Connie Curtis, AVP and Manager, Columbiana Centre
 Lisa M. Ingram, Customer Sales Representative, Forest Acres
 Bonnie Snipes Kamaris, Manager, Forest Acres
 Yolanda Yvette Myers, Manager, Devine Street
 Florence
 Kitty M. Murrell, AVP and Manager, Florence Mall
 Larry Allen Jones, AVP and Manager, Main Office
 Fountain Inn
 James C. Peters Jr., VP and City Executive
 Ft. Mill
 Tommy Copeland, AVP and Manager, Main Office
 Gaffney
 Jack M. Ledford, City Executive
 Greenville
 Angela W. Einstein, Manager, Augusta Road
 Reed Franklin, Manager, Hampton Road
 Pam H. LeNeave, Manager, McAlister Square
 Stefanie Wilder, roving Manager
 Frank N. Wilson, AVP and Manager, Wade Hampton
 Hartsville
 Paula H. James, AVP and Manager, Main Office
 Hilton Head Island
 Julie Ann Waters, Customer Sales Representative, Northridge
 Lugoff
 John L. Gettys, City Executive
 Manning
 August John Cutter, VP and City Executive
 Myrtle Beach
 Andrew B. Thomas, Manager, Main Office
 Prosperity
 Scott R. Wishart, AVP and Manager, Main Office
 Rock Hill
 Merle C. Brown, AVP and Manager, Commons
 Virginia Chew Payne, AVP and Manager, Cherry Road
 John T. Sippel, AVP and Assistant Manager, Main office
 Spartanburg
 Jennifer C. Cash, Manager, Westgate
 John W. Davis Jr., Manager, Main Office
 Summerville
 Kathy D. Meadows
 Sumter
 Lee O. Holloway, VP and City Executive
 Travelers Rest
 John E. Wickliffe, VP and City Executive
 Walhalla
 Lamar Bailes, VP and City Executive
 Williamston
 A. L. Palmer Jr., VP and City Executive


? Winnsboro
 Robert D. Drake, City Executive
 York
 Angela D. Cothran, City Executive
 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 South Carolina is based in Greenville, with assets of $3 billion and 65 branch offices across the state.
 First Union National Bank of South Carolina is based in Greenville, with assets of $3 billion and 65 branch offices across the state.
 -0- 12/3/93
 /CONTACT: Donna Stockton of First Union Corporation, 704-374-6999 (work) or 703-553-2874 (home)/
 (FTU)


CO: First Union National Bank of South Carolina ST: South Carolina IN: FIN SU: PER

CM -- CH004 -- 0290 12/03/93 14:53 EST
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Date:Dec 3, 1993
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