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VENTURE STORES FILES REGISTRATION STATEMENT FOR PROPOSED PUBLIC OFFERING

 VENTURE STORES FILES REGISTRATION STATEMENT FOR
 PROPOSED PUBLIC OFFERING
 O'FALLON, Mo., March 20 /PRNewswire/ -- Venture Stores Inc. (NYSE: VEN) today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 700,000 Depositary Shares, each representing one-tenth of a share of Cumulative Convertible Preferred Stock. The Depositary Shares will be convertible at the option of the holder into common stock of the company at a conversion price to be determined.
 This offering will be underwritten by Morgan Stanley & Co. Inc., who will be granted an option to purchase up to an additional 105,000 Depositary Shares for the purpose of covering over-allotments.
 The net proceeds from the offering will be used for general corporate purposes and to provide financial flexibility for Venture's accelerated new store opening plans.
 Venture's common stock is traded on the New York Stock Exchange under the symbol VEN. Venture will make an application to list the Depositary Shares on the New York Stock Exchange.
 A registration statement relating to the securities being offered has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 A copy of the registration statement containing the preliminary prospectus relating to the Convertible Preferred Stock may be obtained by contacting Morgan Stanley & Co. Inc., 1251 Avenue of the Americas, New York, NY 10020; 212-703-2570.
 Venture operates 91 quality discount retail stores located in eight midwestern states.
 -0- 3/20/92
 /CONTACT: Jack Burtelow of Venture Stores Inc., 314-281-7800/
 (VEN) CO: Venture Stores, Inc. ST: Missouri IN: REA SU: OFR


DG -- SF007 -- 0237 03/20/92 16:51 EST
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Publication:PR Newswire
Date:Mar 20, 1992
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