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PACIFIC AMERICAN INCOME SHARES ANNUAL MEETING HELD TODAY

 PASADENA, Calif., April 8 /PRNewswire/ -- The 19th annual meeting of the stockholders of Pacific American Income Shares Inc. (NYSE: PAI) was held today at the Pasadena headquarters of Western Asset Management Co.
 Stockholders elected the following slate of six directors to serve until the 1994 annual meeting: Norman Barker Jr., John E. Bryson, Dr. Richard C. Gilman, Gordon L. Hough, William G. McGagh and Ronald L. Olson. All previously were members of the board. Stockholders also ratified the employment of Price Waterhouse as independent public auditors for 1993.
 Pacific American Income Shares Inc. is a closed-end investment company which seeks a high level of income through investment in a diversified portfolio of debt securities. Its shares are listed on the New York Stock Exchange where they are traded under the symbol PAI and price quotations are reported in the media under the abbreviation PacAmShrs.
 -0- 4/8/93
 /CONTACT: John L. Cecil, secretary of Pacific American Income Shares, 818-584-4300/
 (PAI)


CO: Pacific American Income Shares Inc. ST: California IN: FIN SU: PER

EH-JL -- LA031 -- 4386 04/08/93 16:23 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
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