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HALLIBURTON TO REDEEM $33.25 MILLION OF 10.20 PERCENT SINKING FUND DEBENTURES

 DALLAS, March 1 /PRNewswire/ -- Halliburton Company (NYSE: HAL) announced today that it will redeem on June 1, 1993 (the "redemption date"), pursuant to mandatory sinking fund provisions of the Indenture relating thereto, $13,300,000 principal amount of its 10.20 percent sinking fund debentures due June 1, 2005 (the "debentures") and an additional $19,950,000 principal amount of the debentures pursuant to optional sinking fund provisions at a price of 100 percent of the principal amount thereof (the "redemption price").
 Registered holders of the debentures as of the regular May 14, 1993 record date will receive by mail the regular semiannual interest payment due June 1, 1993, as provided in the Indenture. Accordingly, no additional interest will be payable on the redemption date to holders of debentures redeemed thion date.
 The Company has been advised by the trustee that the transfer books will be closed from the close of business on April 7, 1993 until the opening of business on April 23, 1993 for the selection of the debentures or portions thereof to be redeemed. Notices of redemption will be mailed to affected holders of Debentures on April 23, 1993.
 Payment of the redemption price will become due and payable on the redemption date upon presentation and surrender of the debentures by hand or by mail to the trustee, Citibank, N.A., Corporate Trust Services, 5th Floor, 111 Wall Street, New York, New York 10043.
 Upon surrender of any Debentures which are to be redeemed in part only, a new Debenture or Debentures of authorized denominations in aggregate amount equal to the unredeemed portion thereof will be issued.
 Halliburton Company is one of the world's largest diversified energy services, engineering, maintenance, and construction companies. Founded in 1919, Halliburton provides a broad range of energy services and products, industrial and marine engineering and construction services, and property and casualty insurance services.
 -0- 3/1/93
 /CONTACT: Guy T. Marcus, vice president-investor relations of Halliburton Company, 214-978-2691/
 (HAL)


CO: Halliburton Company ST: Texas IN: OIL SU:

TS -- NY042 -- 1348 03/01/93 11:08 EST
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Date:Mar 1, 1993
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