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SEI RELEASES FOURTH QUARTER, YEAR-END '91 RESULTS

 SEI RELEASES FOURTH QUARTER, YEAR-END '91 RESULTS
 WAYNE, Pa., Feb. 6 /PRNewswire/ -- SEI Corporation (NASDAQ: SEIC)


today released fourth quarter 1991 and year-end results of operations.
 For the three-month period ended Dec. 31, 1991, revenues from continuing operations were $51.2 million, compared to $44.2 million for the corresponding quarter in 1990. Income before income taxes from continuing operations for the fourth quarter of 1991 was $6.4 million vs. $5.1 million reported in the same period last year, while net income from continuing operations for the fourth quarter '91 was $3.9 million compared to $3.2 million in the same period of '90.
 Earnings per share from continuing operations for the fourth quarter 1991 was $.35 vs. $.28 registered during the same quarter of 1990, based on shares used to compute earnings per share of 11,140,000 and 11,124,000 in the fourth quarter of '91 and '90, respectively.
 Revenues from continuing operations for the full-year 1991 were $187.9 million vs. $167.4 million recorded in the same period of 1990. Income before income taxes from continuing operations was $26.0 million compared to $20.7 million for the full years of 1991 and 1990, respectively.
 Earnings per share from continuing operations for 1991 was $1.39 vs. $1.16 for 1990, based on shares used to compute earnings per share of 11,508,000 and 11,167,000 in 1991 and 1990, respectively.
 Results of operations for SEI Corporation for the fourth quarter of 1991 are not affected by the discontinued operations of Reality Technologies, Ltd., which was an investment written off by the company in third quarter 1991. Earnings per share for 1991, including discontinued operations, was $1.06 vs. $1.08 for 1990.
 Trust and Banking reported revenue of $36.2 million and operating profit of $9.0 million in the fourth quarter of 1991 vs. $30.3 million and $7.7 million in the fourth quarter of 1990. Trust and Banking reported revenue of $131.6 million and operating profit of $36.4 million for the 12-month period 1991 as compared to revenue of $113.9 million and operating profit of $30.7 million in 1990. The outlook for Trust and Banking continues to be optimistic. During fourth quarter 1991, First Interstate bank system and CoreStates Financial Corp renewed their Trust 3000 contractual relationships. Additionally, these two institutions chose SEI to be the exclusive trust accounting vendor for all the banks within their holding companies. The result of this move is an increase of $3.5 million of annualized incremental revenue.
 The company's mutual fund product line continues to expand primarily from the addition of new clients in the bank proprietary fund sector. The result of this is an aggregate growth to $21 billion (as of Feb. 6, 1992), compared to $14.4 billion at the beginning of 1991.
 The Fund Sponsor/Investment Advisory segment registered revenues of $54.8 million in 1991, with operating profit of $7.6 million, while the same unit reported revenues of $52.9 million and operating profit of $7.5 million in 1990. Activity continues satisfactorily in this segment as the business is being redirected to providing investment and business solutions to clients.
 Other businesses reported a loss of $2.3 million in 1991, vs. a 1990 loss of $3.4 million. The company's outlook continues positive for these businesses as they move toward profitability.
 Cash flow continued strong during fourth quarter, and SEI in the quarter purchased 650,000 shares of stock at a cost of $14,979,000, resulting in a total of 937,000 shares purchased in 1991 at a cost of $21,954,000.
 SEI CORPORATION
 (In thousands, except per-share data)
 Periods ended Three months 12 months
 Dec. 31 1991 1990 1991 1990
 Revenues $51,159 $44,205 $187,850 $167,400
 Income before income
 taxes 6,403 5,107 26,027 20,720
 Net income from
 continuing operations 3,938 3,192 16,008 12,950
 Loss from discontinued
 operations, net of
 income tax benefit --- (136) (3,858) (881)
 Net income 3,938 3,056 12,150 12,069
 Earnings per share from
 continuing operations $.35 $.28 $1.39 $1.16
 Earnings per share from
 discontinued operations --- (.01) (.33) (.08)
 Earnings per share .35 .27 1.06 1.08
 Weighted average number
 of shares outstanding 11,140 11,124 11,508 11,167
 /delval/
 -0- 2/6/92
 /CONTACT: Murray A. Louis of SEI Corporation, 215-254-1932/
 (SEIC) CO: SEI Corporation ST: Pennsylvania IN: CPR SU: ERN


MP-CC -- PH020 -- 7736 02/06/92 12:31 EST
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Date:Feb 6, 1992
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