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TRANS-NATIONAL LEASING INC. ANNOUNCES RESULTS

 DALLAS, Nov. 19 ~PRNewswire~ -- Trans-National Leasing Inc. (NASDAQ: TNLS) recorded net earnings of $36,779, or 3 cents per share, on revenues of $1,568,598 for the fiscal first quarter ended Sept. 30, 1992. For the same quarter last year, earnings were $50,894, or 4 cents per share, on revenues of $1,856,997.
 On Sept. 16, 1992, Trans-National signed a merger agreement with an affiliate of Associates Corporation of North America whereby The Associates plan to acquire all of Trans-National's outstanding stock for $4.25 cash per share. The transaction is subject to the vote of Trans-National's shareholders and normal regulatory approval. A shareholder meeting is planned for mid to late December 1992.
 Seventy-three percent of Trans-National's stock is owned by the Maher families, who have agreed to sell their shares to The Associates and to vote for the merger at the shareholders meeting.
 TRANS-NATIONAL LEASING INC.
 Three months ended September 30: 1992 1991
 Revenues $ 1,568,598 $ 1,856,997
 Net income $ 36,779 $ 50,894
 Per share $ 0.03 $ 0.04
 Weighted average shares outstanding 1,435,826 1,435,826
 -0- 11~19~92
 ~CONTACT: John P. Maher, president, Trans-National Leasing Inc., 214-233-6806 or Larry Howell, Howell Communications Inc., 214-340-9994~
 (TNLS)


CO: Trans-National Leasing Inc. ST: Texas IN: TRN SU: ERN

TM -- SF003 -- 2916 11~19~92 12:44 EST
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Date:Nov 19, 1992
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