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FIRST UNION REPORTS TRUST INVESTMENT PERFORMANCE

 CHARLOTTE, N.C., July 30 /PRNewswire/ -- First Union's (NYSE: FTU FTUpr) Capital Management Group investment performance ranked in the top 7 percent of the nation's money managers for the 10-year period ended June 30, 1993, according to a national study of 912 U.S. investment funds managed by banks, insurance companies and mutual funds.
 First Union's Common Stock Fund for individuals, managed by the bank's Capital Management Group, ranked in the top 7 percent of money managers and 66th nationally, with a 10-year cumulative return of 299.6 percent. By comparison for the same period, the Standard & Poor's 500 returned 282.1 percent. CDA Investment Technologies, Inc., an independent investment performance measurement service based in Rockville, Md., conducted the quarterly study for this 10-year period.
 With more than $41.7 billion assets under care, First Union's Capital Management 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 First Union Funds, a family of mutual funds.
 At June 30, 1993, First Union Corporation had assets of $72.0 billion and operated 1,434 banking offices in Florida, North Carolina, South Carolina, Georgia, Virginia, Tennessee, Maryland and Washington, D.C., and 232 nonbanking offices in 36 states.
 -0- 7/30/93
 /CONTACT: (Media) Donna Stockton of First Union Corporation, 704-374-6999/
 (FTU)


CO: First Union Corporation ST: North Carolina IN: FIN SU:

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Publication:PR Newswire
Date:Jul 30, 1993
Words:262
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