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SELECTED FINANCIAL SERVICES ANNOUNCES NEW PORTFOLIO MANAGEMENT

 SELECTED FINANCIAL SERVICES ANNOUNCES NEW PORTFOLIO MANAGEMENT
 CHICAGO, March 16 /PRNewswire/ -- Donald A. Yacktman has resigned from his position with Selected Financial Services, Inc. (SFS) as portfolio manager for Selected American Shares, a no-load mutual fund that is part of the Selected Funds family of funds, the company announced today.
 "We are very proud of Don and his contributions to Selected American Shares over the past nine years," said Robert J. Greenebaum, chairman of the board of Selected American Shares.
 James V. Moeller, CFA, has been named portfolio manager for Selected American Shares. Moeller recently was appointed executive vice president and chief investment officer for Selected Financial Services, Inc., investment adviser to the Selected Funds.
 In addition to managing Selected American, Moeller will be responsible for guiding the investment philosophy of the Selected Funds, and managing assets within and across the individual funds to ensure their investment objectives are met.
 Moeller joined Selected Financial Services with 16 years experience and a successful track record at First National Bank of Chicago, where he was vice president-personal investments.
 At First National Bank of Chicago, Moeller built a $2.5 billion equity investment unit responsible for research, trading and commingled funds management. He personally managed $600 million in commingled equity fund assets that performed in the top quartile of competitive managers. Moeller also was responsible for the fixed-income and asset- allocation activities of the trust and investment advisory division, with $7 billion in total assets.
 "Jim Moeller's experience in equity investments and trading, portfolio management and asset-allocation research gives him the experience we believe is essential to maintaining the strong performance of our funds today -- and providing solid returns for our shareholders in the future," says Albert R. Grace Jr., president of Selected Financial Services.
 The Selected Funds is a family of no-load mutual funds designed to meet various investment objectives. The funds are managed and distributed by Selected Financial Services, Inc., Chicago.
 -0- 3/16/92
 /CONTACT: Tim Green of Porter/Novelli, 312-856-8888, for Selected Financial Services/ CO: Selected Financial Services Inc. ST: Illinois IN: FIN SU:


TS -- NY040 -- 8266 03/16/92 11:19 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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