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SMITH BARNEY SHEARSON COMBINATION COMPLETED

 NEW YORK, July 31 /PRNewswire/ -- Primerica Corporation (NYSE: PA) announced today the completion of the acquisition by Smith Barney, Harris Upham & Co. of the domestic retail and asset management businesses of Shearson Lehman Brothers Inc.
 "The launch of Smith Barney Shearson -- a unique and exciting new entity in the investment community -- is now official," said Sanford I. Weill, Chairman and Chief Executive Officer of Primerica Corporation, the parent of Smith Barney Shearson. "We've put together a host of talented people, cutting edge technology and considerable financial resources with a single aim -- to do the most effective job we can serving our clients, be they individuals, institutions, corporations or governments."
 Smith Barney Shearson has approximately 10,500 Financial Consultants serving investors from almost 500 branch offices in the United States and abroad, assets under management of $70 billion, and some 25,000 employees.
 Primerica Corporation is a diversified financial services company with interests in investment banking and securities brokerage, mutual funds and asset management; consumer finance and credit cards; and life, accident and health, and property and casualty insurance.
 -0- 7/31/93
 /CONTACT: Mary McDermott of Primerica, 212-891-8870; or Bob Connor of Smith Barney Shearson, 212-698-3123/
 (PA)


CO: Primerica Corporation; Smith Barney, Harris Upham & Co.;
 Shearson Lehman Brothers Inc.; Smith Barney Shearson ST: New York IN: FIN SU: TNM


JG -- NYON1 -- 8024 07/31/93 01:54 EDT
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Publication:PR Newswire
Date:Jul 31, 1993
Words:228
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