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JEFFERSON-PILOT CORPORATION ISSUES STATEMENT

 JEFFERSON-PILOT CORPORATION ISSUES STATEMENT
 GREENSBORO, N.C., Jan. 6 /PRNewswire/ -- Jefferson-Pilot Corporation


(NYSE: JP) has received shareholder proposals from Mrs. Louise Price Parsons and Resources Planning Corporation (RPC) for inclusion in Jefferson-Pilot's 1992 proxy materials. Mrs. Parson's proposal seeks to establish new qualifications of "independence" for members of Jefferson-Pilot's Board of Directors. The RPC proposal contained two amendments to Jefferson-Pilot's By-Laws: a provision for confidential voting by shareholders and a provision restricting certain repurchases by Jefferson-Pilot of its outstanding shares of common stock. RPC announced earlier today that it was dropping the latter provision from its proposal.
 Responding to a press release issued today by Resources Planning Corporation concerning its proposals, a spokesman for Jefferson-Pilot Corporation said that RPC's statement is completely ridiculous.
 The spokesman said that, "The fact is that Resources Planning must have known at the time of submission that it was violating SEC (Securities and Exchange Commission) rules when it attempted to submit two clearly separate proposals as one resolution at Jefferson-Pilot's 1992 annual meeting. Having been asked by the company to abide by SEC rules, RPC is trying desperately to deflect the blame on us, and, as usual, is using the situation as a way to drum up publicity for itself."
 In addition, in view of the close relationship between the Parsons family and RPC, Jefferson-Pilot views the submission of separate proposals by Mrs. Parsons and RPC as a further attempt by the Shareholders Committee to circumvent the SEC's one-proposal-per- proponent rule. Jefferson-Pilot soon will be formally asking the SEC to concur in this view and to cause the Shareholders Committee to abide by the SEC's rules.
 Jefferson-Pilot believes that it is in the best interest of the Corporation and all of its shareholders to seek strict compliance by individual shareholders with the rules carefully established by the SEC in connection with the annual shareholders' meeting process.
 -0- 1/6/92
 /CONTACT: John T. Still, III, Jefferson-Pilot Corporation, 919-691-3382/
 (JP) CO: Jefferson-Pilot Corporation; Resources Planning Corporation ST: North Carolina IN: INS TLS SU:


CM-DF -- CH006 -- 7060 01/06/92 17:02 EST
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Publication:PR Newswire
Date:Jan 6, 1992
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