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GREEN TREE ACCEPTANCE ANNOUNCES INTENT TO FILE REGISTRATION

 GREEN TREE ACCEPTANCE ANNOUNCES INTENT TO FILE REGISTRATION
 ST. PAUL, Minn., Feb. 11 /PRNewswire/ -- Green Tree Acceptance, Inc. (NYSE: GNT) announced today that it intends to file a registration statement with the Securities and Exchange Commission relating to the public sale of 3,000,000 shares of its common stock by the end of February. Proceeds from the sale of such shares are expected to be used to repurchase all of Green Tree's outstanding preferred stock which is held by the Resolution Trust Corporation (RTC) in accordance with the terms of a settlement recently approved by Green Tree and the RTC, and for general corporate purposes.
 The offering of the shares will be made only by means of a prospectus.
 -0- 2/11/92
 /CONTACT: Green Tree Acceptance, 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: OFR


DS -- MN003 -- 8669 02/11/92 09:12 EST
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Publication:PR Newswire
Date:Feb 11, 1992
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