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JEFFERSON-PILOT COMMENTS ON PARSONS PROPOSAL

 GREENSBORO, N.C., Nov. 25 ~PRNewswire~ -- Jefferson-Pilot Corporation (NYSE: JP) confirmed today that it has received a shareholder resolution from Louise Price Parsons, mandating that most of Jefferson-Pilot's board be composed of "independent directors" as she defines them.
 Commenting on the proposal, a Jefferson-Pilot spokesman said, "This is nothing new. This was the exact same resolution which she submitted to shareholders this past year, and which shareholders overwhelmingly rejected, by a vote of 19,075,687 shares against the proposal and only 7,903,839 shares in support of the proposal."
 The company said that the proposal would be considered again in due course by its board of directors.
 -0- 11~25~92
 ~CONTACT: John T. Still, III, of Jefferson-Pilot, 919-691-3382~
 (JP)


CO: Jefferson-Pilot Corporation ST: North Carolina IN: INS SU:

KD-TM -- NY061 -- 1661 11~25~92 16:51 EST
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Publication:PR Newswire
Date:Nov 25, 1992
Words:140
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