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NWNL ANNOUNCES CHANGE IN DISCOUNT RATE FOR DIVIDEND REINVESTMENT AND OPTIONAL CASH PAYMENT PLAN

 MINNEAPOLIS, Aug. 25 /PRNewswire/ -- The NWNL Companies (NYSE: NWN) announced today that it will change the discount rate on the Optional Cash Payment portion of the company's Dividend Reinvestment and Optional Cash Payment Plan.
 Effective for the October investment date (Oct. 8, 1993), the discount on shares purchased through the Optional Cash Payment portion of the plan will be changed to 1 percent. This means that all funds received on or after Aug. 26, 1993, will be invested at the 1-percent discount rate. Funds received on or before Aug. 25 for investment on the September investment date (Sept. 10, 1993) will be invested at the original 2-1/2-percent discount rate.
 The company will continue to monitor the volume of cash receipts and trading volatility resulting from the Plan, and may from time to time alter the discounts or the aggregate maximum of optional cash payments that it will accept from all participants in any month.
 Under the Dividend Reinvestment portion of the plan, dividends will continue to be invested at the original 4-percent discount rate.
 The NWNL Companies is a Minneapolis-based holding company specializing in the life and health insurance and annuity businesses.
 -0- 8/25/93
 /CONTACT: Ruth Weber of The NWNL Companies, 612-372-5628/
 (NWN)


CO: The NWNL Companies ST: Minnesota IN: INS SU:

KH-AL -- MN004 -- 5769 08/25/93 10:44 EDT
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Publication:PR Newswire
Date:Aug 25, 1993
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