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RJR NABISCO TO REDEEM PREFERRED SHARES

 NEW YORK, Nov. 5 /PRNewswire/ -- RJR Nabisco Holdings Corp. (NYSE: RN) today announced that it has called for redemption of all of its outstanding Cumulative Convertible Preferred Stock.
 The redemption date is Dec. 6.
 The total redemption price is $27.427778 per share ($27.0125 per share, plus accrued and unpaid dividends of $.415278 per share). Currently, there are 4,032,368 shares of redeemable Cumulative Convertible Preferred Stock outstanding. Conversion rights for the shares remain in effect until 5 p.m. EST on Dec. 6.
 First Chicago Trust Company of New York is the agent for the redemption and the accrued dividend payment
 RJR Nabisco Holdings Corp. is the parent company of RJR Nabisco, Inc., an international consumer products company. RJR Nabisco's major operating units are R.J. Reynolds Tobacco Co., R.J. Reynolds Tobacco International, Inc., the Nabisco Foods Group, and Nabisco International, Inc.
 -0- 11/5/93
 /CONTACT: Carol J. Makovich of RJR Nabisco, 212-258-5785/
 (RN)


CO: RJR Nabisco Holdings Corp. ST: New York IN: TOB SU:

BR-RA -- AT011 -- 1354 11/05/93 16:18 EST
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Publication:PR Newswire
Date:Nov 5, 1993
Words:179
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