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GREEN TREE ACCEPTANCE ANNOUNCES DEVELOPMENTS IN LITIGATION STATUS WITH RESOLUTION TRUST CORPORATION

 GREEN TREE ACCEPTANCE ANNOUNCES DEVELOPMENTS IN
 LITIGATION STATUS WITH RESOLUTION TRUST CORPORATION
 ST. PAUL, Minn., Jan. 24 /PRNewswire/ -- Green Tree Acceptance, Inc. (NYSE: GNT) announced today that on Feb. 3, 1992, a proposed transactional settlement of Green Tree's litigation with the Resolution Trust Corporation "RTC" will be presented to the RTC's Washington D.C. office and to Green Tree's board of directors for consideration. The settlement is subject to final approval by both parties.
 The parties have been directed by the court not to make public disclosure of the specific terms of the proposed settlement pending their final approval.
 Green Tree Acceptance purchases, pools, sells and services conditional sales contracts for manufactured homes and home improvements through 42 regional offices nationwide. Green Tree services approximately 315,000 contracts totaling $5.2 billion in outstanding principal balances. Green Tree's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "GNT".
 -0- 1/24/92
 /CONTACT: Richard G. Evans of Green Tree, 612-293-3400 or John Mackay of Padilla Speer Beardsley, 612-871-8877, for Green Tree/
 (GNT) CO: Green Tree Acceptance, Inc. ST: Minnesota IN: FIN SU:


DS -- MN002 -- 3134 01/24/92 08:56 EST
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Publication:PR Newswire
Date:Jan 24, 1992
Words:197
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