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SANFORD ELECTED JCPENNEY DIRECTOR

 SANFORD ELECTED JCPENNEY DIRECTOR
 DALLAS, Jan. 8 /PRNewswire/ -- Charles S. Sanford, Jr., has been


elected a director of the J. C. Penney Company, Inc. (NYSE: JCP), effective with the Feb. 12 board meeting, it was announced today by William R. Howell, chairman of the board. Sanford is chairman of Bankers Trust New York Corporation and its principal subsidiary, Bankers Trust Company.
 A 1958 graduate of the University of Georgia, Sanford received an MBA degree from the Wharton School of the University of Pennsylvania in 1960. He joined Bankers Trust in 1961 and was appointed vice president in 1969, first vice president in 1971, senior vice president in 1973, executive vice president in 1974, and member of the management committee in 1979. He was elected president of the bank and the corporation in 1983, deputy chairman in 1986, and chairman in July 1987. Sanford was instrumental in the transformation of Bankers Trust from a traditional commercial bank to a global merchant bank during the decade of the 80's.
 Sanford is a director of Mobil Corporation. He is a member of the Business Roundtable, the Business Council, and the Board of Overseers of the Wharton School of the University of Pennsylvania.
 Born in Savannah, Ga., Sanford and his wife, Mary, reside in Bronxville, N.Y.
 -0- 1/8/91
 /CONTACT: Duncan Muir of JCPenney, 214-591-1329/
 (JCP) CO: J.C. Penney Company, Inc. ST: Texas IN: REA SU: PER


KD -- NY120 -- 7953 01/08/92 16:43 EST
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Date:Jan 8, 1992
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