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LIFE PARTNERS GROUP FILES FOR INITIAL OFFERING OF 11.4 MILLION COMMON SHARES

 DALLAS, Texas and DENVER, Colo., Feb. 24 /PRNewswire/ -- Life Partners Group, Inc. today announced that it had filed a registration statement with the Securities and Exchange Commission for an initial public offering of 11.4 million shares of its common stock.
 The stock offering will consist of 11.4 million shares to be sold by Life Partners in a primary offering. The shares will be sold in concurrent offerings in the United States and Canada as well as outside North America. Donaldson, Lufkin & Jenrette Securities Corporation, Alex. Brown & Sons Incorporated, Morgan Stanley & Co. Incorporated and S.G. Warburg Securities will be the managers of the U.S. offering of 9,120,000 shares and Donaldson, Lufkin & Jenrette Securities Corporation, Alex. Brown & Sons International, Morgan Stanley & Co. International and S.G. Warburg Securities will be the managers of the international offering of 2,280,000 shares.
 The purpose of the stock offering is to redeem Life Partners' outstanding preferred stock of approximately $122 million and to reduce outstanding senior indebtedness.
 Life Partners is a life insurance holding company that, through its insurance subsidiaries, sells a diverse portfolio of universal life insurance products. Hicks, Muse & Co. Incorporated, a private investment firm, formed Life Partners to purchase three principal insurance companies, an acquisition they completed on March 30, 1990. The principal operating companies are Massachusetts General, Philadelphia Life and Wabash Life Insurance Company. The principal operations are located in Englewood, Colo. Gene H. Bishop is chairman and chief executive officer of Life Partners, and John W. Gardiner is president and chief operating officer.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 A preliminary prospectus for the offering may be obtained by contacting Donaldson, Lufkin & Jenrette Securities Corporation, 140 Broadway, 33rd Floor, Prospectus Department, 212-504-4525.
 -0- 2/24/93
 /CONTACT: Roy Winnick of Kekst & Co., 212-593-2655, for Life Partners Group, Inc./


CO: Life Partners Group, Inc. ST: Texas IN: INS SU: OFR

TM -- NY079 -- 0145 02/24/93 18:40 EST
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Publication:PR Newswire
Date:Feb 24, 1993
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