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FRANKLIN QUEST FILES REGISTRATION STATEMENT

 SALT LAKE CITY, Jan. 3 /PRNewswire/ -- Franklin Quest Co. (NYSE: FNQ) ("Franklin") announced today that it has filed a Registration Statement with respect to a public offering of 2,500,000 shares of Franklin's Common Stock. All of the shares are being sold on behalf of selling shareholders and approximately 77 percent of the shares are being sold by 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 375,000 shares solely to cover over-allotments. Franklin will not receive any of the proceeds from the sale of the shares in the offering 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 39 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 Shearson Inc.
 A Registration Statement relating to these securities has been filed with the Securities 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 of an offer to buy, nor shall there be 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 prospectus for the offering may be obtained from:
 Merrill Lynch & Co. Smith Barney Shearson Inc.
 World Financial Center, North Tower 1345 Avenue of the Americas
 New York, NY 10281 New York, NY 10105
 -0- 1/3/94
 /CONTACT: Arlen B. Crouch or Jay L. Atwood of Franklin Quest, 801-975-1776/
 (FNQ)


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

BB -- DV001 -- 8389 01/03/94 08:34 EST
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Publication:PR Newswire
Date:Jan 3, 1994
Words:362
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