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INVESTORS SAVINGS CORP. FILES REGISTRATION STATEMENT

 WAYZATA, Minn., Nov. 17 ~PRNewswire~ -- Investors Savings Corp. (NASDAQ: INVS) announced that on Nov. 16, 1992 it filed a registration statement with the Securities and Exchange Commission for the proposed public offering of $20,000,000 of its Subordinated Notes due 2002. The offering will be made through Piper Jaffray Inc. and Dain Bosworth Incorporated as underwriters.
 The majority of the net proceeds from the sale of the notes will be contributed to Investors Savings Bank, F.S.B., the company's wholly owned subsidiary, to increase the regulatory capital levels of the bank and to support further growth in the bank's operations.
 Investors Savings Corp. is a savings and loan holding company whose principal asset is Investors Savings Bank, F.S.B., a federally chartered savings bank, with eight retail banking offices and six residential mortgage production offices in the Twin Cities metropolitan area, one mortgage production office in Duluth, Minn., and two mortgage production offices in suburban Chicago.
 A registration statement relating to the offer and sale of the notes has been filed with the Securities and Exchange Commission, but has not yet become effective. The notes may not be sold nor may offers to buy the notes be accepted prior to the time the registration statement becomes effective. This announcement is not an offer to sell or solicitation of an offer to buy the notes, nor shall there be any offer or sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Copies of the preliminary prospectus relating to the offering may be obtained from Piper Jaffray Inc., Piper Jaffray Tower, 222 South Ninth Street, Minneapolis, Minn., 55402, or Dain Bosworth Incorporated, Dain Bosworth Plaza, 60 South Sixth Street, Minneapolis, Minn., 55402.
 -0- 11~17~92
 ~CONTACT: James M. Burkholder of Investors Savings, 612-475-8500~
 (INVS)


CO: Investors Savings Corp. ST: Minnesota IN: FIN SU: OFR

KH -- MN001 -- 1724 11~17~92 10:03 EST
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Date:Nov 17, 1992
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