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MBIA APPOINTS SENIOR VICE PRESIDENT

 MBIA APPOINTS SENIOR VICE PRESIDENT
 ARMONK, N.Y., Feb. 4 /PRNewswire/ -- Gary P. Karvelis has been


appointed a senior vice president of MBIA Corporation (NYSE: MBI), the leading insurer of municipal bonds, it was announced today by David H. Elliott, president and chief executive officer.
 Karvelis joined the managing agency of the Municipal Bond Insurance Association, the predecessor to MBIA Corporation, as a municipal bond analyst in 1984. He was appointed assistant vice president in 1985 and vice president and group director, secondary market insurance group, in 1987.
 He was previously employed by Mobil Corporation. Prior to that Karvelis was associated with Arthur Young & Company and Touche, Ross & Co.
 Karvelis is both a chartered financial analyst and a certified public accountant. He holds a master's degree in finance from Baruch College and a bachelor of science degree from Long Island University. He is a member of the American Institute of Certified Public Accountants and a New York State Society of Certified Public Accountants. Karvelis is a resident of Wilton, Conn.
 Municipal Bond Investors Assurance Corporation insures municipal bonds, including new issues, bonds traded in the secondary market and those held in unit investment trusts and mutual funds. MBIA Corporation is a wholly owned subsidiary of MBIA Inc.
 -0- 2/4/92
 /CONTACT: Debra A. Descloux of Municipal Bond Investors Assurance Corporation, 914-765-3895/
 (MBI) CO: Municipal Bond Investors Assurance Corporation ST: New York IN: FIN SU: PER


CK-TS -- NY060 -- 6700 02/04/92 12:34 EST
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Publication:PR Newswire
Date:Feb 4, 1992
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