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ROUSE COMPANY FILES FOR PUBLIC OFFERING

 COLUMBIA, Md., Jan. 29 /PRNewswire/ -- The Rouse Company (NASDAQ-NMS: ROUS) announced today that it has filed a registration statement with the Securities and Exchange Commission for a public offering of $175 million of perpetual, convertible, preferred stock. The offering will be for 3,500,000 shares at a price of $50 per share. The proceeds of this equity issue will be used primarily to retire existing corporate debt.
 Goldman, Sachs & Co. of New York and Alex. Brown & Sons Incorporated of Baltimore will manage the underwriting. Copies of the prospectus may be obtained from the underwriters.
 The registration statement relating to these securities (Series A Convertible Preferred Stock) that has been filed with the Securities and Exchange Commission has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 -0- 1/29/93
 /CONTACT: David L. Tripp, vice president and director - investor relations of Rouse Company, 410-992-6546/
 (ROUS)


CO: Rouse Company ST: Maryland IN: SU: OFR

SH-OS -- NY061 -- 0829 01/29/93 14:27 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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