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SIERRA ANNOUNCES SUBSEQUENT OFFERING

 SIERRA ANNOUNCES SUBSEQUENT OFFERING
 COARSEGOLD, Calif., Feb. 3 /PRNewswire/ -- Sierra On-Line


(NASDAQ: SIER) announced that it filed today a registration statement with the Securities and Exchange Commission related to a proposed public offering of 1,500,000 shares of its common stock.
 Of the 1,500,000 shares to be offered, 1,375,000 will be offered by the company and 125,000 will be offered by selling stockholders. The managers of the public offering will be Lehman Brothers and Piper, Jaffray & Hopwood Inc. The company will not receive any proceeds from sales by selling stockholders.
 Sierra has indicated that it intends to use the proceeds for expansion of The Sierra Network (its on-line interactive entertainment service), product diversification and possible acquisitions of complementary businesses or product lines.
 Copies of the prospectus relating to the offering may be obtained from Shearson Lehman Brothers, American Express Tower, 200 Vesey Street, New York, N.Y. 10285 and Piper, Jaffray & Hopwood Inc., Piper Jaffray Tower, 222 S. Ninth Street, Minneapolis, Minn. 55402. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but 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 sales 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.
 Sierra On-Line Inc., along with its wholly owned subsidiary Dynamix Inc., publishes entertainment and educational software for IBM PCs and PC-compatibles and Apple Macintosh and Commodore Amiga computers.
 -0- 2/3/92
 /CONTACT: Bruce Grant, VP-Finance and CFO of Sierra On-Line, 209-683-4468, ext. 333/
 (SIER) CO: Sierra On-Line Inc. ST: California IN: CPR SU: OFR


CH -- LA010 -- 6046 02/03/92 09:52 EST
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Publication:PR Newswire
Date:Feb 3, 1992
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