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GAINSCO INC. DECLARES QUARTERLY CASH DIVIDEND

 FORT WORTH, Texas, May 25 /PRNewswire/ -- Gainsco, Inc. (AMEX: GNA), announced the declaration of its regular quarterly cash dividend of $.01 per share payable on July 15, 1993, to shareholders of record on June 30, 1993.
 Gainsco, Inc. is a vertically integrated property and casualty insurance holding company specializing in underwriting and marketing excess and surplus lines. Its insurance companies are General Agents Insurance Company of America, Inc., MGA Insurance Company, Inc. and Gainsco County Mutual Insurance Company. The insurance service subsidiaries include General Agents Premium Finance Company, which offers premium financing programs for general agents in connection with their marketing activities; Agents Processing Systems, Inc., which markets a computer software policy management system to general agents; and Risk Retention Administrators, Inc., which assists managing general agents in forming and operating risk retention groups.
 -0- 5/25/93
 /CONTACT: Joseph D. Macchia, president of Gainsco, 817-336-2500, or Lynn Morgen or Michele Katz of Morgen-Walkes?sociates, 212-850-5600, for Gainsco/
 (GNA)


CO: Gainsco, Inc. ST: Texas IN: INS SU: DIV

SM-PS -- NY026 -- 2029 05/25/93 09:28 EDT
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Publication:PR Newswire
Date:May 25, 1993
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