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THE BANK OF NEW YORK SELECTED AS SHAREHOLDER SERVICES AGENT BY SOUTHWESTERN BELL

 THE BANK OF NEW YORK SELECTED AS SHAREHOLDER
 SERVICES AGENT BY SOUTHWESTERN BELL
 NEW YORK, Dec. 23 /PRNewswire/ -- The Bank of New York announced today that it has signed a contract to serve as shareholder services agent for Southwestern Bell Corporation (NYSE: SBC). The bank will provide a complete range of stock transfer services, including transfer agency, registrar, dividend paying agency, and dividend reinvestment agency for Southwestern Bell's one million registered shareholders. Commencement of services is scheduled for September 1992.
 Southwestern Bell Corporation, based in St. Louis, is an international communications corporation with more than one million shareowners. Its largest subsidiary, Southwestern Bell Telephone Company, provides tele-communications services to more than nine million customers in five states: Texas, Missouri, Oklahoma, Kansas and Arkansas. Southwestern Bell Corporation's other principal subsidiaries are Southwestern Bell Yellow Pages, Southwestern Bell Mobile Systems, Metromedia Paging, Southwestern Bell Telecom, Mast Advertising & Publishing, Gulf Printing, and Southwestern Bell International Holdings.
 Joseph M. Velli, senior vice president and head of the bank's corporate trust and agency services sector said, "The stock transfer business is an important service provided by The Bank of New York. Our selection by Southwestern Bell reinforces our view that we provide customers, both issuer and investor, with the highest quality, most comprehensive services at competitive prices. We have made significant capital investments in all aspects of shareholder servicing giving us the additional capacity to add on significant new business. Our goal is to remain an industry leader through our continued emphasis on people, technology and a proactive approach to the marketplace."
 The Bank of New York, through its corporate trust & agency services and securities processing sectors is a worldwide leader in issuer- and investor-related securities services such as American depositary receipts, stock transfer, trust & fiscal agency, global/domestic custody, securities lending and master trust/master custody. The bank is the principal subsidiary of The Bank of New York Company, Inc. (NYSE: BK), which is one of the largest U.S. bank holding companies. As of Sept. 30, 1991, total consolidated assets exceeded $40.3 billion. The company provides a complete range of banking and other financial services to corporations and individuals worldwide through its five basic businesses: securities processing, trust and investment management, financial market services, retail banking and corporate banking.
 -0- 12/23/91
 /CONTACT: Joseph M. Velli, 212-815-2009, or Margaret W. Southerland, 212-495-1725, both of the Bank of New York; or Jerrell Ross of Southwestern Bell, 314-235-7100/
 (BK SBC) CO: The Bank of New York; Southwestern Bell Corporation ST: New York, Missouri IN: FIN TLS SU: CON


JT -- NY086 -- 4991 12/23/91 17:16 EST
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Publication:PR Newswire
Date:Dec 23, 1991
Words:434
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