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PAINEWEBBER ADDS DOW CHEMICAL AND SHAWMUT NATIONAL TO ITS FOCUS LIST

PAINEWEBBER ADDS DOW CHEMICAL AND SHAWMUT NATIONAL TO ITS FOCUS LIST
 NEW YORK, April 23 /PRNewswire/ -- PaineWebber Incorporated announced today that it has added two companies to its group of stocks known as the PaineWebber Focus List. They are Dow Chemical (NYSE: DOW) and Shawmut National (NYSE: SNC).
 The Focus List is a dynamic, carefully chosen list of no more than 30 select companies that the firm has rated buy or attractive.
 The Focus List uses a method of stock selection designed to maximize growth potential and minimize risk. The 30 stocks that comprise the Focus List are chosen by a committee of senior PaineWebber professionals whose selection criteria combine elements of fundamental, quantitative and technical analysis.
 After a stock is chosen, it is scrutinized daily and is removed from the list when one of two things happens: the PaineWebber analyst downgrades the stock, or the Focus List's proprietary Stop-Loss discipline indicates that the price threshold has been violated.
 Dow Chemical, headquartered in Midland, Mich., is the second largest chemical company in the U.S., producing basic chemicals and plastics, industrial specialties, household, drug and agricultural products. Company revenues for 1991 were reported at $18.8 billion.
 Shawmut International, headquartered in Boston, Mass., is a bank holding company with dominant franchises in both Connecticut and Massachusetts. Company revenues for 1991 were reported at $2.3 billion.
 Carolyn J. Cole, senior vice president and chairperson of the Focus List Committee, said about the selections, "Dow is a welcome addition to the income category of the Focus List, and has positive earnings momentum over the foreseeable future. Shawmut National was added to the aggressive growth category as we increase our exposure to the bank sector within the Focus List."
 Andrew Cash, PaineWebber's chemical analyst, said about Dow Chemical, "The stock offers substantial upside potential trading at a P/E discount to the S&P Industrials, yet has more than double the ROE potential over the next few years."
 Lawrence Cohn, PaineWebber's bank analyst, said about Shawmut National, "Earnings at Shawmut National are poised for rapid recovery as loan loss provisions and foreclosed real estate expenses decline."
 To receive recent performance data or a complete list of stocks on the Focus List and additional information about those stocks, please contact any investment executive at your nearest PaineWebber office.
 PaineWebber Incorporated is one of the nation's leading full-service securities firm with 270 offices and 4,870 investment executives worldwide.
 -0- 4/23/92
 /CONTACT: Beverly T. Spano of PaineWebber, 201-902-6775, or Jeffrey Z. Taufield of Kekst and Company, 215-593-2655, for Dow Chemical/
 (DOW SNC) CO: Dow Chemical Co.; Shawmut International ST: Massachusetts, Michigan IN: CHM FIN SU:


SM-OS -- NY120 -- 2104 04/23/92 16:21 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
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