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LTV PARENT CREDITORS' COMMITTEE SUPPORTS TERMS OF SECOND MODIFIED PLAN

 NEW YORK, Jan. 20 /PRNewswire/ -- The LTV Parent Creditors' Committee announced today that it supports the basic economic terms as well as the general overall structure for allocating creditor recoveries contained in the LTV Second Modified Joint Plan of Reorganization, filed yesterday, as a fair compromise of the numerous complex issues raised in the LTV reorganization cases. It represents considerable progress by achieving consensus among most of the major creditor constituencies, said the Committee.
 The Parent Committee recognizes that several complex issues remain to be resolved between now and the scheduled disclosure statement hearing and expects that they will be addressed in the next several weeks. The Parent Committee is optimistic that with the full cooperation of all competing constituencies, closure on these remaining issues can be reached promptly so that LTV can emerge from Chapter 11 in mid-1993.
 -0- 1/20/93
 /CONTACT: Wilbur L. Ross Jr. of Rothschild Inc., 212-757-6000, or Raymond L. Shapiro, Esq. of Blank, Rome, Comisky & McCauley, 215-569-5569, both for LTV Parent Creditors' Committee/
 (LTV)


CO: LTV Parent Creditors' Committee ST: IN: SU:

GK-TM -- NY080 -- 7095 01/20/93 16:55 EST
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Date:Jan 20, 1993
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