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THE VANGUARD GROUP OF INVESTMENT COMPANIES ANNOUNCES DISTRIBUTIONS

 VALLEY FORGE, Pa., Sept. 17 /PRNewswire/ -- The Board of Directors of the following members of The Vanguard Group of Investment Companies have declared the following distributions:
 VANGUARD/WELLESLEY INCOME FUND -- a quarterly distribution from ordinary net income in the amount of $0.28 (twenty-eight cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD/WELLINGTON FUND -- a quarterly distribution from ordinary net income in the amount of $0.20 (twenty cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD EQUITY INCOME FUND -- a quarterly distribution from ordinary net income in the amount of $0.14 (fourteen cents) per share payable on Oct. 4, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD CONVERTIBLE SECURITIES FUND -- a quarterly distribution from ordinary net income in the amount of $0.11 (eleven cents) per share payable Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD INDEX TRUST-500 PORTFOLIO -- a quarterly distribution from ordinary net income in the amount of $0.22 (twenty-two cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1992.
 VANGUARD INDEX TRUST-TOTAL STOCK MARKET PORTFOLIO -- a quarterly distribution from ordinary net income in the amount of $0.06 (six cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD INDEX TRUST-GROWTH PORTFOLIO -- a quarterly distribution from ordinary net income in the amount of $0.05 (five cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD INDEX TRUST-VALUE PORTFOLIO -- a quarterly distribution from ordinary net income in the amount of $0.07 (seven cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD BALANCED INDEX FUND -- a quarterly distribution from ordinary net income in the amount of $0.08 (eight cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD INSTITUTIONAL INDEX FUND -- a quarterly distribution from ordinary net income in the amount of $0.22 (twenty-two cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD/TRUSTEES' EQUITY FUND-UNITED STATES PORTFOLIO -- a quarterly distribution from ordinary net income in the amount of $0.10 (ten cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD/TRUSTEES' EQUITY FUND-INTERNATIONAL PORTFOLIO -- a quarterly distribution from ordinary net income in the amount of $0.10 (ten cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD SPECIALIZED PORTFOLIOS/UTILITIES INCOME PORTFOLIO -- a quarterly distribution from ordinary net income in the amount of $0.13 (thirteen cents) per share payable on Sept. 27, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD VARIABLE INSURANCE FUND/EQUITY INDEX PORTFOLIO -- a quarterly distribution from ordinary net income in the amount of $0.05 (five cents) per share payable on Oct. 4, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD VARIABLE INSURANCE FUND/BALANCED PORTFOLIO -- a quarterly distribution from ordinary net income in the amount of $0.125 (twelve and a half cents) per share payable on Oct. 4, 1993, to shareholders of record on Sept. 21, 1993.
 VANGUARD VARIABLE INSURANCE FUND/EQUITY INCOME PORTFOLIO -- a quarterly distribution from ordinary net income in the amount of $0.11 (eleven cents) per share payable on Oct. 4, 1993, to shareholders of record on Sept. 21, 1993.
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 /CONTACT: Richard F. Hyland, treasurer, of The Vanguard Group, at 215-669-6141/


CO: The Vanguard Group of Investment Companies ST: Pennsylvania IN: FIN SU: DIV

MK -- PH033 -- 3138 09/17/93 14:18 EDT
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Publication:PR Newswire
Date:Sep 17, 1993
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