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MHI NAMES MELANIE PACE DIRECTOR OF TRUST FUND INVESTMENTS

 TALLAHASSEE, Fla., May 6 /PRNewswire/ -- MHI Group, Inc. (NYSE: MH), which markets pre-need and at-need funeral and cemetery services, today announced the appointment of Melanie S. Pace to the newly created position of director, trust fund investments.
 Pace joins MHI from Southwest Guaranty Trust Co., Houston, where she was a vice president and trust investment officer responsible for managing the $170 million equity investment portfolio of Service Corporation International (SCI), the largest U.S. owner of cemeteries and funeral homes. From 1987 to 1989, she was equity portfolio manager for SCI, where she managed a total of more than $400 million of equity investments for the company and its Family Service Life Insurance Co. subsidiary.
 During her 15-year career, Ms. Pace also has been associated with the Houston investment management firm of Jenswold King & Associates and held research and sales positions with Lovett Mitchell Webb & Garrison and Rotan Mosle Inc. She is a member of the Houston Society of Financial Analysts. Ms. Pace earned a B.S. in accountancy from Sam Houston State University in 1986.
 At MHI, Ms. Pace will manage the investment income of a $33 million trust fund established with proceeds from pre-need sales. "Melanie Pace brings a record of substantial achievement in prudently and effectively managing trust funds, a growing, important profit center for MHI," J.C. Ogier Mathewes, vice president and chief financial officer, noted.
 MHI owns ten funeral homes, two crematories and four cemeteries in Florida.
 -0- 5/6/93
 /CONTACT: J.C. Ogier Mathewes, vice president and chief financial officer of MHI, 904-385-8883/
 (MH)


CO: MHI Group, Inc. ST: Florida IN: FIN SU: PER

GK-PS -- NY033 -- 5281 05/06/93 09:45 EDT
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Publication:PR Newswire
Date:May 6, 1993
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