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HOUGHTON MIFFLIN COMPANY OUTLINES 1993'S OPPORTUNITIES AT ANNUAL SHAREHOLDERS' MEETING

 BOSTON, April 28 /PRNewswire/ -- Shareholders today re-elected four incumbent directors to the Board of Directors at the annual meeting of publisher Houghton Mifflin Company (NYSE: HTN) and ratified the selection of Ernst & Young as independent auditors for the company.
 Those re-elected included Joseph A. Baute, chairman and chief executive officer of Markem Corporation; Nader F. Darehshori, chairman, president, and chief executive officer of the company; George Putnam, chairman of The Putnam Management Company, Inc.; and DeRoy C. Thomas, a partner in the law firm of LeBoeuf, Lamb, Leiby & MacRae. Houghton Mifflin's board of directors is comprised of three classes, one of which is elected each year for a term of three years. The board has 13 members.
 In his remarks to shareholders, Chairman Nader F. Darehshori said that 1992 was a challenging year for the publishing industry. "However, steps the company has taken over the last two years to improve efficiency and profitability proved effective, and income from ongoing operations increased," he said. Since 1991, Houghton Mifflin has reorganized its international businesses, realigned management, and cut staffing levels.
 Darehshori said that 1993 offers opportunities in all of the company's markets. Houghton Mifflin has very competitive programs in the large school disciplines of reading, mathematics, social studies, and English. Its college division has an outstanding 1993 list. Also this year, the company will publish the college edition of the bestselling American Heritage Dictionary, historically the biggest seller in the dictionary line. Darehshori stated, "We have strong publications lists, and we are focused on managing our resources in the most effective and efficient ways to capitalize on these opportunities."
 Stephen O. Jaeger, executive vice president and chief financial officer, reconfirmed to shareholders that the outlook for 1993 remains positive. "Full-year net income and earning per share should be significantly better than in 1992," he said, given the strength of the company's publications lists across all of its markets, contributions from 1992 acquisitions in the college and testing areas, and the elimination of loss-making foreign operations. He added, "Earnings lower than $2.35 per share, an increase of more than 20 percent, would be considered a disappointment.
 -0- 4/28/93
 /CONTACT: Susan E. Hardy, director of investor relations of Houghton Mifflin, 617-725-5114/
 (HTN)


CO: Houghton Mifflin Company ST: Massachusetts IN: PUB SU:

DJ -- NE015 -- 2082 04/28/93 13:18 EDT
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Date:Apr 28, 1993
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