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TCW(R) ESTABLISHES HONG KONG OPERATION, NAMES SHAUN C.K. CHAN MANAGING DIRECTOR

 LOS ANGELES, March 3 /PRNewswire/ -- TCW today announced the formation of TCW Asia Ltd. and the opening of its first office outside of the United States, in Hong Kong. Concurrently, Shaun C.K. Chan has been named managing director responsible for Asian equity markets. Chan will also be working closely with TCW's Latin America equity team in managing a broader emerging markets equity product.
 "The dynamic Asian market, coupled with Shaun Chan's expertise in this area, presents an extraordinary opportunity for us to more fully participate in today's global financial marketplace," said Robert A. Day, chairman of TCW.
 Before joining TCW, Chan was a director and regional strategist at Wardley Investment Services Ltd. in Hong Kong, where he managed $500 million invested in Asian markets and supervised the management of an additional $3.2 billion.
 He is a graduate of Trinity College, Cambridge University and is also fluent in Chinese and Bahasa Malaysia.
 The Hong Kong office is located at 3110, One Pacific Place, 88 Queensway. The telephone number is 852-810-1421.
 TCW Asia Ltd. is a member of The TCW Group. The group includes Trust Company of the West, headquartered in Los Angeles, which is among the country's largest independent trust companies. Trust Company of the West and its affiliates currently have approximately $34.7 billion in assets under management or committed for management.
 -0- 3/3/93
 /CONTACT: Thomas E. Larkin of TCW, 213-244-0000/


CO: TCW Asia Ltd.; The TCW Group ST: California IN: FIN SU: PER

JB-LS -- LA010 -- 2299 03/03/93 09:01 EST
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Date:Mar 3, 1993
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