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IBM AWARDS COLLEGE SCHOLARSHIPS TO MORE THAN 350 STUDENTS

 IBM AWARDS COLLEGE SCHOLARSHIPS TO MORE THAN 350 STUDENTS
 PURCHASE, N.Y., May 27 /PRNewswire/ -- IBM is helping employees pay for their children's college educations. The company today announced that 359 children of IBM employees in the United States will receive four-year college scholarships.
 IBM established the Thomas J. Watson Memorial Scholarship Program in 1957 as a memorial to IBM's former Chairman Thomas J. Watson, Sr. The program was one of the earliest of its kind.
 This year, the 359 scholarship winners attend high schools in 35 states, Puerto Rico and Germany. Winners are chosen based on test scores, academic records, leadership qualities and extracurricular activities. Three sets of twins and the fourth member from one family are among this year's recipients.
 During the past three and a half decades, more than 5,800 children of active, retired and deceased IBM employees have received scholarships ranging from $2,000 to $8,000 per year, depending upon need.
 The program is administered for IBM by the College Scholarship Service of Princeton, N.J.
 IBM also sponsors 15 National Merit/National Achievement Scholarships for minority students who are not related to IBM employees. The four-year scholarships range from $500 to $2,000 annually. IBM's support will increase to 60 scholarships over the next four years. In addition, the company supports a number of other scholarship programs, such as those sponsored by the National Action Council for Minorities in Engineering and the National Hispanic Scholarship Fund.
 Support for college scholarships is just one of many ways that IBM supports education in the more than 130 countries around the world where it does business.
 -0- 5/27/92
 /CONTACT: Kathleen Ryan of IBM Corporation, 914-697-6578/
 (IBM) CO: International Business Machines Corp. ST: New York IN: CPR SU:


PS -- NY069 -- 4405 05/27/92 16:22 EDT
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Publication:PR Newswire
Date:May 27, 1992
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