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USLIFE ANNOUNCES SALE OF $150 MILLION OF DEBT SECURITIES

 NEW YORK, June 11 /PRNewswire/ -- USLIFE Corporation (NYSE: USH) today announced the sale of $150 million of 6-3/8 percent notes due June 15, 2000. The sale was made under an existing shelf registration statement.
 Gordon E. Crosby, Jr., chairman of the board 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 repay short term, floating rate indebtedness."
 The underwriters of the offering are Bear, Stearns & Co. Inc. and Chase Securities, Inc.
 -0- 6/11/93
 /NOTE TO EDITORS: USLIFE Corporation is a life insurance-based holding company whose principal subsidiaries engage in the life insurance business. With nationwide operations, USLIFE has three ordinary life insurance companies and a credit insurance group with approximately $116 billion of life insurance in force as of March 31, 1993. 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:

SM-OS -- NY014 -- 0983 06/11/93 09:53 EST
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Publication:PR Newswire
Date:Jun 11, 1993
Words:196
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