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J.C. PENNEY ANNOUNCES THAT IT MAY PURCHASE ASSET BACKED CERTIFICATES

J.C. PENNEY ANNOUNCES THAT IT MAY PURCHASE ASSET BACKED CERTIFICATES
    DALLAS, Feb. 21 /PRNewswire/ -- J.C. Penney Company, Inc. (NYSE: JCP) announced today that it may, from time to time, through privately negotiated transactions or open market purchases, purchase 8.95 per cent asset backed certificates, Series B, and 9.625 per cent asset backed certificates, Series C, issued by JCP Master Credit Card Trust.  The Series B and Series C asset backed certificates represent an undivided interest in the JCP Master Credit Card Trust.
    -0-                      2/21/92
    /CONTACT: Duncan Muir of J.C. Penney, 214-59l-1329/
    (JCP) CO:  J.C. Penney Company ST:  Texas IN:  REA SU: SM -- NY062 -- 1521 02/21/92 16:34 EST
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Publication:PR Newswire
Date:Feb 21, 1992
Words:118
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