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FRANKLIN QUEST CO. FILES FOR OFFERING OF SECONDARY SHARES

 SALT LAKE CITY, May 28 /PRNewswire/ -- Franklin Quest Co. (NYSE: FNQ) ("Franklin") announced today that it filed a Registration Statement on behalf of selling shareholders with respect to a public offering of 2,830,000 shares of common stock. Approximately 64 percent of the shares are being sold on behalf of charitable and educational institutions and former officers no longer employed by the company. The company has granted the underwriters an option for 30 days to purchase up to an additional 424,500 shares solely to cover over-allotments. Franklin will not receive any of the proceeds from the sale of the shares in the offering: consequently there will be no ownership dilution unless the over-allotment option is exercised.
 Franklin is a leading provider of training seminars and the Franklin Day Planner, both designed to improve individual productivity through effective time management. Time management seminars and Franklin Day Planners are sold by catalog, the company's direct sales force and 26 company-owned retail stores across the United States.
 The common stock is listed on the New York Stock Exchange under the symbol FNQ. The offering is being managed by Merrill Lynch & Co. and Smith Barney, Harris Uphill & Co.
 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 communication shall not constitute an offer to sell or the solicitation or sale would be unlawful prior to registration of qualification under the securities laws of any such state. Copies of the prospectus for the offering may be obtained from either of the underwriters named above.
 -0- 5/28/93
 /CONTACT: Arlen B. Crouch, president, or Jay L. Atwood, CFO, of Franklin Quest, 801-975-1776/
 (FNQ)


CO: Franklin Quest Co. ST: Utah IN: HOU SU: OFR

JB-EH -- LA011 -- 3530 05/28/93 16:44 EDT
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Publication:PR Newswire
Date:May 28, 1993
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