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NAIC GROWTH FUND DECLARES DIVIDEND

 NAIC GROWTH FUND DECLARES DIVIDEND
 ROYAL OAK, Mich., Dec. 19 /PRNewswire/ -- The board of directors of


the NAIC Growth Fund, Inc. (NASDAQ: GROW) has declared a semiannual dividend of $.163 per share to shareowners of record on Dec. 31, 1991, payable Jan. 28, 1992.
 Established on July 2, 1990, by the National Association of Investors Corporation, the fund is listed on the National Association of Securities Dealers Automated Quotation system (NASDAQ) as "GROW."
 Following NAIC's philosophy of investing, the fund's objective is long-term growth with little regard to short-term market fluctuations. Investment decisions will be based on the principles and philosophy of NAIC: invest regularly whether the market is high or low; reinvest earnings; buy securities of companies whose sales and earnings are growing faster than the total economy; and invest in a variety of industries and in different size companies.
 NAIC is a national, non-profit organization of investment clubs and individual investors, based in Royal Oak. The association currently has more than 136,000 members representing some 7,200 investment clubs. The average NAIC member invests $30 per month in an investment club. The aggregate monthly NAIC membership investment exceeds $12 million. The total holdings of NAIC members exceed $17 billion.
 -0- 12/19/91
 /CONTACT: Linda Pollock or Kathy Loehrig of Anne Klein & Associates, 609-778-0380, for the National Association of Investors Corporation/
 (GROW) CO: NAIC Growth Fund, Inc.; National Association of Investors
 Corporation ST: Michigan IN: FIN SU: DIV


MK-JS -- PH036 -- 4122 12/19/91 17:23 EST
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Publication:PR Newswire
Date:Dec 19, 1991
Words:250
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