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FISHER-PRICE ANNOUNCES THIRD QUARTER RESULTS

 EAST AURORA, N.Y., Oct. 18 /PRNewswire/ -- Fisher-Price, Inc. (NYSE: FPP) announced that it had net income of $.65 per share of Common Stock for its third quarter, which ended Oct. 3, 1993, compared with net income of $.45 per share for the same quarter last year. Net income for the third quarter was $20.4 million, an increase of $6.0 million over the net income for the same quarter last year.
 For the first nine months of 1993, the company reported net income of $.82 per share compared with net income of $.84 per share for the comparable period last year. Net income for the nine-month period was $25.6 million, an $.8 million decrease from last year's net income of $26.4 million for the comparable period.
 Fisher-Price reported net revenues of $215.8 million for the third quarter, a 16 percent increase over net revenues of $186.1 million for the same quarter last year. Domestically, net revenues of $153.3 million in the third quarter increased 18 percent over the comparable period last year and internationally, net revenues of $62.5 million increased 12 percent over last year. International net revenues increased 29 percent for the third quarter compared to the comparable period last year before the effect of foreign currency translation.
 Net revenues for the nine-month period were $500.6 million, a 3 percent increase over net revenues of $486.3 million for the comparable period last year. Domestically, net revenues of $378.0 million increased 2 percent over the comparable period last year and internationally, net revenues of $ 122.6 million increased 6 percent over last year. International net revenues increased 18 percent before the effect of foreign currency translation.
 Ronald J. Jackson, chairman and chief executive officer of Fisher-Price, said, "Fisher-Price's third quarter results reflect the shifting of the business into the second half of the calendar year. Items selling well include Dino-roarrrrrs, Activity Table, Tape Recorder, Tournament Table, Grow to Pro Basketball, Sound 'n Lights Monitor and the All-In-One Kitchen Center."
 On August 19, 1993, Fisher-Price announced that it had entered into a Merger Agreement with Mattel, Inc. (NYSE: MAT) pursuant to which Mattel will acquire Fisher-Price in a stock-for-stock transaction which is subject to approval by the Fisher-Price stockholders and other conditions.
 Fisher-Price is an international manufacturer and marketer of children's products. Fisher-Price's Common Stock is listed on the New York Stock Exchange and is traded under the symbol FPP.
 FISHER-PRICE, INC.
 CONSOLIDATED STATEMENTS OF INCOME
 Dollars in Millions
 (except per share amounts)
 Three Months Ended Nine Months Ended
 Oct. 3, Sept. 27, Oct. 3, Sept. 27,
 1993 1992 1993 1992
 (Unaudited) (Unaudited)
 Net revenues $ 215.8 $ 186.1 $ 500.6 $ 486.3
 Cost of goods sold 116.8 97.6 277.4 264.8
 Gross profit $ 99.0 $ 88.5 $ 223.2 $ 221.5
 Advertising and
 merchandising 27.3 25.2 65.2 63.7
 Selling, general and
 administrative
 expenses 33.6 34.9 104.3 101.1
 Other expense, net 1.0 1.1 2.8 3.6
 Operating income $ 37.1 $ 27.3 $ 50.9 $ 53.1
 Interest expense, net 3.5 3.5 8.9 9.1
 Income before
 income taxes $ 33.6 $ 23.8 $ 42.0 $ 44.0
 Provision for
 income taxes 13.2 9.4 16.4 17.6
 Net income $ 20.4 $ 14.4 $ 25.6 $ 26.4
 Net income per common
 and common
 equivalent share (a) $ .65 $ .45 $ .82 $ .84
 Weighted average
 common and common
 equivalent shares
 outstanding
 (in thousands) (a) 31,664 32,693 31,536 32,515
 (a) Since fully diluted data is approximately the same as primary
 data, it is not presented.
 FISHER-PRICE, INC.
 CONDENSED CONSOLIDATED BALANCE SHEETS
 Dollars in Millions
 Oct. 3, Sept. 27,
 1993 1992
 (Unaudited) (Unaudited)
 Assets
 Current Assets
 Cash and short-term investments $ 6.2 $ 37.1
 Receivables, net 237.3 187.0
 Inventories, net 81.1 77.7
 Prepaid expenses and
 other current assets 42.0 41.4
 Total Current Assets $ 366.6 $ 343.2
 Property, plant and equipment, net 103.1 102.5
 Intangible assets, net 37.7 39.9
 Other assets 15.5 13.9
 Total Assets $ 522.9 $ 499.5
 Liabilities and Stockholders' Equity
 Current Liabilities
 Notes payable to banks $ 35.7 $ 30.6
 Trade accounts payable 26.3 20.1
 Accrued liabilities 96.2 94.7
 Total Current Liabilities $ 158.2 $ 145.4
 Long-term debt 98.7 98.5
 Other liabilities 10.7 9.8
 Total Liabilities $ 267.6 $ 253.7
 Stockholders' equity 255.3 245.8
 Total Liabilities and
 Stockholders' Equity $ 522.9 $ 499.5
 -0- 10/18/93
 /CONTACT: Carol Blackley of Fisher-Price, 716-687-3423/
 (FPP MAT)


CO: Fisher-Price, Inc. ST: New York IN: HOU SU: ERN

BM -- CL029 -- 3483 10/18/93 15:03 EDT
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Date:Oct 18, 1993
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