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FIRST USA SHAREHOLDERS APPROVE CHARTER AMENDMENT ENABLING PREVIOUSLY ANNOUNCED TWO-FOR-ONE STOCK SPLIT

 DALLAS, Nov. 3 /PRNewswire/ -- At the 1993 annual meeting of stockholders of First USA, Inc. (NYSE: FUS) today, stockholders approved a charter amendment that increases the number of authorized shares of First USA common stock from 40 million to 200 million shares. This amendment will enable the company to effect a two-for-one stock split previously authorized by the company's board of directors as announced on Oct. 21, 1993.
 The two-for-one stock split will be effected in the form of a 100 percent stock dividend, payable Nov. 11, 1993, to stockholders of record on Nov. 1, 1993. The split will increase the number of common shares outstanding from approximately 27,800,000 to approximately 55,600,000.
 In addition, stockholders re-elected John C. Tolleson, chairman and chief executive officer of the company, and Gene H. Bishop, chairman and chief executive officer of Life Partners Group, as directors to serve for three-year terms.
 Stockholders also approved an amendment to the First USA 1991 stock option plan that effectively increases the number of shares issuable upon exercise of options either previously granted or to be granted by the board of directors from 2.5 million on a post-split basis to 4.0 million on a post-split basis.
 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 more than 4.8 million credit cards issued at Sept. 30, 1993. First USA Merchant Services, Inc. processed $10.2 billion in credit card sales during the 1993 fiscal year.
 -0- 11/3/93
 /CONTACT: George A. McCane of First USA, Inc., 214-746-8547/
 (FUS)


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

CK -- NY064 -- 0161 11/03/93 12:46 EST
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Publication:PR Newswire
Date:Nov 3, 1993
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