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FIRST UNION REPORTS TRUST INVESTMENT PERFORMANCE

 FIRST UNION REPORTS TRUST INVESTMENT PERFORMANCE
 CHARLOTTE, N.C., April 29 /PRNewswire/ -- A national study has placed First Union's Capital Management Group in the top 3 percent of the nation's money managers for the 10-year period ended March 31, 1992.
 First Union's Common Stock Fund for individuals, managed by the bank's Capital Management Group, ranked in the top 3 percent of money managers and 25th nationally, with a 10-year cumulative return of 530.3 percent. By comparison for the same period, the Standard & Poor's 500 returned 429.0 percent.
 The study is conducted and published quarterly by CDA Investment Technologies, Inc., an independent investment performance measurement service based in Rockville, Md. For this 10-year period, CDA ranked 923 U.S. investment funds managed by banks, insurance companies and mutual funds.
 First Union's Capital Management Group is the trust and investment arm of the bank. The group offers investment management and administrative services to corporations for various pension, profit sharing and 401(k) plans, as well as to individual trust accounts, endowments and foundations across the Southeast.
 First Union's Capital Management Group also serves as investment adviser to The Salem Funds, a family of mutual funds.
 First Union Corporation (NYSE: FTU FTUpr) is the nation's 13th largest bank holding company, based on year-end rankings. First Union reported assets of $48.1 billion as of March 31, 1992, with 1,018 banking offices in Florida, North Carolina, South Carolina, Georgia and one banking office in Tennessee, and 207 nonbanking offices in 36 states.
 -0- 4/29/92
 /CONTACT: Donna Stockton of First Union Corporation, 704-374-6999 (W) or 704-331-9619 (H)/
 (FTU FTUpr) CO: First Union Corporation ST: North Carolina IN: FIN SU:


CM -- CH001 -- 4181 04/29/92 08:46 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
Words:288
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