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H.F. AHMANSON ANNOUNCES OFFERING OF PREFERRED STOCK

 IRWINDALE, Calif., Feb. 4 /PRNewswire/ -- H.F. Ahmanson & Co. (NYSE: AHM) announced today that it has begun marketing $150 million of cumulative Preferred Stock, Series C. The company intends to offer 6,000,000 Depositary Shares each representing a one-tenth interest in a share of cumulative Preferred Stock, Series C. The depositary shares will be sold at a price of $25 each.
 The company said the dividend yield on the depositary shares for the preferred issue will be determined during the week of Feb. 8, 1993.
 The shares are non-callable for five years and the first dividend will be payable on June 1, 1993.
 The depositary shares representing the Series C Preferred Stock are offered to the public through an underwriting syndicate lead- managed by Merrill Lynch & Co., and co-managed by Bear, Stearns & Co. Inc.; Lehman Brothers; PaineWebber Inc.; Prudential Securities Inc.; and Dean Witter Reynolds Inc.
 The shares are rated "baa3" by Moody's and "BBB-" by Standard & Poor's.
 H.F. Ahmanson & Co., with $48.1 billion in assets, is the parent company of Home Savings of America. Home's $39.3 billion deposit base is the largest of any U.S. savings institution. It operates 375 savings branches in nine states and 92 mortgage lending offices in 13 states.
 NOTE: This announcement is not to be construed as an offer to sell or as a solicitation of an offer to buy any of these securities. The offering will be made only by prospectus. Copies of the prospectus may be obtained in any state or jurisdiction only from the underwriters named above as may lawfully offer these securities in such state or jurisdiction.
 -0- 2/4/93
 /CONTACT: Mary Trigg of H.F. Ahmanson, 818-814-7922/
 (AHM)


CO: H.F. Ahmanson & Co. ST: California IN: FIN SU: OFR

JL-JB -- LA017 -- 2818 02/04/93 09:27 EST
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Date:Feb 4, 1993
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