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G. MOFFETT COCHRAN NAMED PRESIDENT OF WOOD, STRUTHERS & WINTHROP

 NEW YORK, June 22 /PRNewswire/ -- G. Moffett Cochran has been elected president of Wood, Struthers & Winthrop, it was announced here today.
 Mr. Cochran had joined the 122-year-old investment management subsidiary of Donaldson, Lufkin & Jenrette last June as chairman of Wood, Struthers & Winthrop's executive committee.
 In making the announcement, Carl B. Menges, chairman and CEO of Wood, Struthers & Winthrop and vice chairman of Donaldson, Lufkin & Jenrette, said, "When Moffett joined us a year ago, he had a mandate to increase assets under management substantially, to energize our business and to recruit key marketing professionals. Since then, assets under management have grown by 20 percent to about $1.6 billion, an all-time high, several outstanding marketing professionals have been brought on board, and a great deal of positive momentum has been generated both inside and outside DLJ."
 Mr. Cochran noted, "I continue to be extremely enthusiastic about the growth prospects for Wood, Struthers & Winthrop, and I believe our potential is enormous. We have a first rate organization, a strong franchise and an excellent professional staff."
 Before joining DLJ, Mr. Cochran had been with Bessemer Trust Companies for 11 years, where he was a senior vice president, director of client banking services and member of that firm's management and executive committees. For the five years prior, he was in the Trust & Investment Division of J.P. Morgan & Co., Inc.
 Mr. Cochran, 42 years old, is a native of Virginia. He graduated from the University of Virginia's College of Arts and Sciences in 1973 and is a 1976 graduate of its Law School. Mr. Cochran is a member of the board of directors of Palmer National Bank in Washington, D.C. and is a trustee and chairman of the finance committee of the Episcopal High School in Virginia. He and his wife, and their two children, reside in New Canaan, Conn.
 Founded in 1871, Wood, Struthers & Winthrop Management Corp., a unit of Donaldson, Lufkin & Jenrette, provides investment management, tax and financial planning services to wealthy individuals, families, foundations, endowments and employee benefit plans. Wood, Struthers & Winthrop currently has approximately $1.6 billion of assets under management. It also serves as investment manager to a group of mutual funds.
 -0- 6/22/93
 /CONTACT: Catherine M. Conroy of Donaldson, Lufkin & Jenrette, 212-504-3275/


CO: Wood, Struthers & Winthrop ST: New York IN: FIN SU: PER

CK -- NY033 -- 4499 06/22/93 10:52 EDT
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Date:Jun 22, 1993
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