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PACIFIC AMERICAN INCOME SHARES FILES REGISTRATION STATEMENT

 PACIFIC AMERICAN INCOME SHARES FILES REGISTRATION STATEMENT
 PASADENA, Calif., Oct. 9 /PRNewswire/ -- Pacific American Income Shares Inc. (NYSE: PAI) announced today that it has previously filed with the Securities and Exchange Commission a registration statement covering a rights offering to its shareholders. The filing covers rights to subscribe for an aggregate of 2,357,470 shares of its common stock at a discount to the net asset value of such common stock. Pacific American currently has 6,708,248 shares of common stock outstanding.
 -0- 10/9/92
 /CONTACT: Ilene S. Harker of Western Asset Management Co., 818-584-4300, for Pacific American Income Shares/
 (PAI) CO: Pacific American Income Shares Inc. ST: California IN: SU: OFR


JB-KJ -- LA006 -- 8202 10/09/92 08:30 EDT
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Publication:PR Newswire
Date:Oct 9, 1992
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