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GREEN TREE FINANCIAL COMMON STOCK REGISTRATION STATEMENT FILING

 ST. PAUL, Minn., Aug. 24 /PRNewswire/ -- Green Tree Financial Corporation (NYSE: GNT) announced the filing today of a registration statement with the Securities and Exchange Commission for a proposed offering of 2.5 million shares of common stock to the public. The registration statement includes an underwriters' over-allotment option for an additional 375,000 shares. The Company will use the net proceeds of the offering to support the growth of its business. The lead underwriter is Merrill Lynch & Co. The other co-managers are Alex Brown & Sons, William Blair & Company, The First Boston Corporation, and Lehman Brothers.
 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 news 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 such state.
 Green Tree Financial Corporation makes loans to individuals in the 48 contiguous states for manufactured homes, home improvements and special products. Green Tree currently services approximately 370,000 contracts totaling $6.4 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- 8/24/93
 /CONTACT: John W. Brink of Green Tree Financial Corporation 612-293-3400; or Melissa Quinn of Padilla Speer Beardsley, 612-871-8877, for Green Tree/
 (GNT)


CO: Green Tree Financial Corporation ST: Minnesota IN: FIN SU:

KH-DB -- MN021 -- 5606 08/24/93 17:14 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
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