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FREMONT GENERAL CORP. ANNOUNCES FILING OF REGISTRATION STATEMENT FOR THE PUBLIC OFFERING OF $250,000,000

 Principal Amount Of Liquid Yield Option Notes
 Due 2013 (Zero Coupon-Subordinated)
 SANTA MONICA, Calif., Aug. 31 /PRNewswire/ -- Fremont General Corp. (NYSE: FMT) announced today that it has filed a registration statement with the Securities and Exchange Commission with respect to the proposed public offering of $250,000,000 principal amount of Liquid Yield Option Notes Due 2013 (Zero Coupon-Subordinated) (the "LYONS"). Proceeds from the offering are expected to be approximately $80,000,000 before any over-allotments. The offering will be underwritten by Merrill Lynch & Co. The underwriter has an over-allotment option to purchase an additional $37,500,000 principal amount of the LYONS. Fremont General's Common Stock has been traded on the New York Stock Exchange since March 22, 1993.
 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 press release 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.
 A prospectus relating to these securities may be obtained from Merrill Lynch & Co. at North Tower, World Financial Center, New York, New York 10024, 212-449-6500.
 Fremont General is a diversified financial services holding company, which through its subsidiaries, is engaged in various insurance and financial service businesses.
 -0- 8/31/93
 /CONTACT: W.R. Bailey, 310-315-5500/
 (FMT)


CO: Fremont General Corp. ST: California IN: FIN SU: OFR

LM-BP -- LA024 -- 7586 08/31/93 14:55 EDT
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Publication:PR Newswire
Date:Aug 31, 1993
Words:293
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