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THE NWNL COMPANIES ANNOUNCES COMMON STOCK OFFERING

 MINNEAPOLIS, Sept. 28 /PRNewswire/ -- The NWNL Companies (NYSE: NWN) today announced the public offering of 1,750,000 shares of its common stock at a price to the public of $38.25 per share.
 The offering was underwritten by Donaldson, Lufkin & Jenrette Securities Corporation, the Robinson-Humphrey Company, Inc. and Dain Bosworth Incorporated. The company also granted the underwriters an option exercizable for 30 days to purchase up to an additional 262,500 shares to cover over-allotments.
 Net proceeds from the sale of the shares will be invested by the company in its life insurance operations and used for general business purposes.
 The NWNL Companies is a Minneapolis-based holding company specializing in the life and health insurance and annuity businesses.
 -0- 09/28/93
 /CONTACT: Jan Pedersen of NWNL Companies, 612-372-5623/
 (NWN)


CO: The NWNL Companies ST: Minnesota IN: INS SU: OFR

CP-DB -- MN012 -- 6520 09/28/93 16:30 EDT
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Publication:PR Newswire
Date:Sep 28, 1993
Words:150
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