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MERGER IN JAPAN MAKES ANDERSEN WORLDWIDE LARGEST IN JAPAN AND ASIA

 CHICAGO, Sept. 30 /PRNewswire/ -- The Arthur Andersen Worldwide Organization (AAWO) announced today that Asahi & Co., the newly formed accounting firm resulting from the merger of Asahi Shinwa & Co. and Inoue Salto Eiwa Audit Corp. (formerly the Andersen member firm in Japan) has been admitted as a member firm in the Arthur Andersen Worldwide Organization, making the Andersen Organization the largest professional services organization in Japan and the largest in the Asia/Pacific region, adding to its well-established lead position in the U.S.
 In making the announcement, Richard L. Measelle, managing partner of Arthur Andersen, the global audit, tax and business advisory unit of the Arthur Andersen Worldwide Organization, explained that becoming a full member firm of the AAWO goes well beyond the affiliation arrangement initially announced in December 1992. "As a member firm of the AAWO, Asahi & Co. will fully integrate operations and will participate in the global resources of our worldwide organization." Matsutaro Morita, former managing partner of Asahi Shinwa, will head Asahi & Co. The combined firm will consist of more than 2,000 people in 29 offices throughout Japan. In addition Andersen Consulting has more than 1,000 people in offices, bringing the AAWO presence in Japan to approximately 3,000 people.
 Both Mr. Measelle and Mr. Morita share a common vision of anticipating change and initiating solutions that keep clients at the forefront of the rapidly changing world marketplace. As Japanese businesses continue to extend their global reach, there is an increasing demand for a professional services provider like Andersen that has worldwide resources to respond to a coordinated way to meet the needs of Japanese clients anywhere in the world. The merger of the firms in Japan combines the strengths of each organization. It unites the worldwide networks of both firms, and creates a global Japanese business network, the largest network of its kind with more than 200 Japanese-speaking professionals in 37 locations in 18 countries. These professionals provide the highest in quality services to some 2,000 Japanese companies and their subsidiaries and affiliates around the world. This exemplifies Andersen's one-firm approach and establishes a model for global service.
 In welcoming Asahi & Co. to the Arthur Andersen Worldwide Organization, Lawrence A. Weinbach, its managing partner and chief executive, explained, "Andersen's recognized global leadership, its continuing commitment to education of professionals, and its capabilities in information technology will contribute greatly to providing quality client service to companies around the world. Asahi & Co. will offer outstanding opportunities for professional development to all of its personnel."
 Following is a brief listing of some of the Business Week Global 1000 companies being served by these firms: Marubeni, Nissho Iwai, Sumitomo Corp., Sharp, Seiko, Orix, Ricoh, Makita and Olympus Optical.
 The Arthur Andersen Worldwide Organization is one of the world's leading providers of professional services. With over 67,000 personnel in 75 countries, its global practice is conducted by member firms, in more than 320 locations, through two business units: Arthur Andersen for audit, tax, business advisory and specialty consulting services; and Andersen Consulting for strategic services, systems integration, business process management, change management services, and application software products and CASE tools. Arthur Andersen & Co, SC is the coordinating entity of the Worldwide Organization.
 JAPAN BUSINESS ORGANIZATION (NETWORK)
 Description: The Japan business network, called the Japan Business Organization (JBO), has more than 200 Japanese professionals working closely with local-country professionals in 37 cities to deliver high-quality audit, accounting, business advisory, tax and information consulting services to Japanese companies that operate throughout the world. As an integral part of Asahi & Co., the JBO provides uniform service in all locations. Because of the unique integration of the Arthur Andersen Worldwide Organization, each Japanese client is a `local' client wherever it is served by the JBO.
 JBO OFFICES:
 ASIA/PACIFIC THE AMERICAS EUROPE
 Bangkok Atlanta Amsterdam
 Hong Kong Chicago Barcelona
 Kuala Lumpur Cincinnati Birmingham
 Nagoya Columbus Brussels
 Osaka Detroit Copenhagen
 Singapore Honolulu Dusseldorf
 Sydney Houston Frankfurt
 Taipei Indianapolis London
 Tokyo Los Angeles Milan
 New York Paris
 Philadelphia
 Portland
 San Francisco
 San Jose
 Sao Paulo
 Seattle
 Toronto
 Washington, D.C.
 ASAHI & CO.:
 Description: In October 1993, Asahi Shinwa & Co., one of Japan's oldest and largest audit firms, merged with Inoue Saito Eiwa Audit Corporation, a member of the Arthur Andersen Worldwide Organization, to create Asahi & Co. -- a member of the Arthur Andersen Worldwide Organization and Japan's largest accounting firm. Together, Asahi and Andersen Consulting are the country's largest professional services organization.
 At the time of the merger of Asahi Shinwa & Co. and Inoue Saito Eiwa, the two firms also merged their successful international operations to form the Japan Business Organization (JBO), the largest professional organization serving Japanese businesses outside of Japan. The JBO has 37 offices in 18 countries.
 Offices: 29 in Japan
 Personnel: 2,000
 Combined Revenues for 1992 (estimated): $200 million.
 -0- 9/30/93
 /NOTE TO EDITORS: An office of the Japan business network called the Japan Business Organization may be located in your reporting area. See the above list of worldwide locations./
 /CONTACT: Tomoyuki Yamanaka, (Tokyo), 81-3-5410-3231; or Jack Ruane, (International), 312-507-2195, both for Arthur Andersen/


CO: Arthur Andersen Worldwide Organization ST: Illinois IN: SU: TNM

PS -- NY036 -- 7230 09/30/93 11:21 EDT
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Date:Sep 30, 1993
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