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FIRST USA, INC. PLANS OFFERING OF 4 MILLION SHARES, 3 MILLION BY EXISTING HOLDERS, 1 MILLION NEW SHARES BY COMPANY

 DALLAS, Jan. 6 /PRNewswire/ -- First USA, Inc. (NYSE: FUS) announced that it has filed a registration statement today with the Securities and Exchange Commission for a public offering of 4 million shares of common stock.
 Of the total offering, 3 million shares will be sold by institutional stockholders who participated in the acquisition of the company in 1989. In addition, 1 million new shares will be issued by the company, which will use the proceeds to prepay a portion of the acquisition debt and for general corporate purposes. The registration statement indicates that 3.2 million shares will be offered within the United States, and 800,000 shares will be offered concurrently outside the United States.
 After the offering, approximately 26.5 million shares will be outstanding. The company will not receive any of the proceeds from the sale of shares by the selling stockholders, and no shares are being sold by executive officers or directors.
 Merrill Lynch & Co. is acting as lead manager, and Bear, Stearns & Co. Inc. and Alex. Brown & Sons Incorporated are acting as co-managers of the offering. The selling stockholders are expected to grant the underwriters a 30-day option to purchase up to 600,000 additional shares of common stock to cover over-allotments.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the registration statement (which includes the form of a preliminary prospectus) may be obtained from the public reference room of the Securities and Exchange Commission, 450 Fifth St., N.W., Washington, D.C. 20549.
 First USA, Inc. completed an initial public offering in May 1992. First USA, Inc. is a financial services company specializing in the credit card business and is among the largest providers of Visa and MasterCard services in the nation. First USA, Inc.'s two principal operating units are First USA Bank and First USA Merchant Services, Inc. First USA Bank provides Visa and MasterCard services nationwide and had 3.3 million credit cards issued at Sept. 30, 1992. First USA Merchant Services, Inc. processes merchant credit card transactions for more than 150,000 merchant locations.
 -0- 1/6/93
 /CONTACT: George A. McCane of First USA, Inc., 214-746-8547/
 (FUS)


CO: First USA, Inc. ST: Texas IN: FIN SU: OFR

PS -- NY007 -- 2087 01/06/93 09:29 EST
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Publication:PR Newswire
Date:Jan 6, 1993
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