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THE VAN KAMPEN MERRITT COMPANIES, INC. FILES FOR INITIAL PUBLIC OFFERING

 THE VAN KAMPEN MERRITT COMPANIES, INC.
 FILES FOR INITIAL PUBLIC OFFERING
 STAMFORD, Conn., Aug. 20 /PRNewswire/ -- The Van Kampen Merritt Companies, Inc. has filed a registration statement with the Securities and Exchange Commission for an initial public offering by its parent, Xerox Financial Services, Inc. The registration covers the sale of up to 38 percent of The Van Kampen Merritt Companies, Inc.
 The size and the amount of the proceeds from the offering are contingent on market conditions.
 The company, which Xerox has owned since 1984, sponsors, markets and provides investment advisory services primarily for fixed income investment products distributed through an independent retail network, and provides asset management and research services to institutions. It has approximately $33 billion of assets under management or supervision. It maintains corporate headquarters in Oakbrook Terrace, Ill., offices in Philadelphia, New York, London, Paris and Tokyo, and regional representatives in eight other major U.S. cities.
 Xerox Financial Services is a wholly owned subsidiary of Xerox Corporation (NYSE: XRX).
 The offering will be made only by means of a prospectus.
 -0- 8/20/92
 /CONTACT: Barbara McNear of Xerox Financial Services, 203-968-4499/
 (XRX) CO: The Van Kampen Merritt Companies, Inc.; Xerox Financial Services,
 Inc. ST: Connecticut IN: FIN SU: OFR


TM -- NY079 -- 1935 08/20/92 17:24 EDT
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Publication:PR Newswire
Date:Aug 20, 1992
Words:215
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