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WESTINGHOUSE TO REDEEM $145 MILLION OF SENIOR NOTES

 PITTSBURGH, Sept. 8 /PRNewswire/ -- Westinghouse Electric Corporation (NYSE: WX) announced today that it will redeem at par value $100 million of outstanding 8-3/8 percent Senior Notes due March 1, 1996 and the remaining $45 million of outstanding 7.60 percent Debentures due Oct. 15, 1997.
 The redemption date for both issues will be Oct. 8, 1993.
 The redemption price of par value plus accrued interest to the redemption date will be paid to holders of record upon surrender of the notes and debentures to the trustee, The Chase Manhattan Bank (NA), at its New York offices. Interest on both the notes and debentures will cease to accrue on the redemption date.
 The notes and debentures are listed on the New York Stock Exchange. These notes and debentures were issued initially by Westinghouse Credit Corporation (WCC) and then assumed by Westinghouse Electric Corporation in a merger with WCC on May 3, 1993.
 "We are very pleased to be able to use a portion of the proceeds from our recent $600 million bond offering to redeem this relatively expensive debt. This action results in both an interest expense savings to the corporation as


well as an improvement to its liquidity position given the long maturities of the new issue versus those being redeemed," said Laurence A. Chapman, vice president and treasurer.
 /delval/
 -0- 9/8/93
 /CONTACT: Jay McCaffrey of Westinghouse, 412-642-3366/
 (WX)


CO: Westinghouse Electric Corporation ST: Pennsylvania IN: SU:

CD -- PG019 -- 9867 09/08/93 13:32 EDT
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Publication:PR Newswire
Date:Sep 8, 1993
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