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USLIFE ANNOUNCES SALE OF $150 MILLION OF DEBT SECURITIES

 NEW YORK, Jan. 14 /PRNewswire/ -- USLIFE Corporation (NYSE: USH) today announced the sale of $150 million of 6-3/4 percent notes due Jan. 15, 1998. The sale was made under an existing shelf registration statement.
 Gordon E. Crosby, Jr., chairman of the board, president and chief executive officer of USLIFE, said: "We intend to use the net proceeds from the sale of the notes for general corporate purposes and to finance the redemption of long-term debt (consisting of $50 million of 8-7/8 percent notes due in February 1995, callable at par plus accrued interest on or after Feb. 1, 1993 and $100 million of 8-3/8 percent notes due in March 1996, callable at par plus accrued interest on or after March 1, 1993)."
 The underwriters of the offering are Bear, Stearns & Co. Inc. and Chase Securities, Inc.
 -0- 1/14/93
 /NOTE TO EDITORS: USLIFE Corporation is a life insurance-based holding company whose principal subsidiaries engage in the life insurance business. With nationwide operations, the USLIFE Life Insurance Division has three ordinary life insurance companies and a credit insurance group with approximately $110 billion of life insurance in force as of Sept. 30, 1992. Additionally, there are five other subsidiaries that furnish the life insurance companies with investment advisory, broker-dealer, real estate, data processing and administrative services./
 /CONTACT: Richard P. Keating, vice president-corporate communications of USLIFE Corporation, 212-709-6227/
 (USH)


CO: USLIFE Corporation ST: New York IN: INS SU:

PS-LR -- NY040 -- 4959 01/14/93 14:29 EST
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Date:Jan 14, 1993
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