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ZIEGLER REPORTS SECOND QUARTER EARNINGS

 ZIEGLER REPORTS SECOND QUARTER EARNINGS
 WEST BEND, Wis., July 17 /PRNewswire/ -- The Ziegler Company,


Inc., (AMEX: ZCO), a financial services holding company, today released its unaudited financial figures for the second quarter ended June 30, 1992.
 In the three months ended June 30, 1992, total revenues were $12,433,000 compared to $13,302,000 in the second quarter of 1991. Net income for the quarter was $1,313,000, compared to $1,936,000 in the second quarter of 1991. Earnings per share in the second quarter of 1992 were 49 cents compared to 74 cents in 1991.
 For the six months ended June 30, 1992, total revenues and net income were $23,278,000 and $1,993,000 respectively, compared to $21,505,000 and $2,239,000 in 1991. Earnings per share in the first six months of 1992 were 75 cents versus 85 cents in the same period a year ago.
 According to Peter D. Ziegler, president and chief executive officer, second quarter results were down compared to an unusually strong second quarter in 1991. However, 1992 second quarter results were a substantial improvement over the first quarter.
 A substantial portion of this year's second quarter profits came from the firm's principal subsidiary, B.C. Ziegler and Company, an investment banking firm, with all major profit centers making a contribution to its results. Both healthcare and non-healthcare investment banking groups closed a good volume of underwritings in the quarter. B.C. Ziegler and Company retail sales continued very strong supporting a heavy underwriting calendar, although sales of non- underwritten product fell off from 1992's first quarter.
 Ziegler said the profit contribution from Ziegler's family of mutual funds, the Principal Preservation Portfolios, was up substantially from the second quarter of last year. Ziegler's newest subsidiary, Ziegler Asset Management, Inc., a money management firm, recorded its first profits in June as assets under management grew to more than $200,000,000.
 The Ziegler Company, Inc., is a financial services holding company headquartered in West Bend, Wis., which owns eight subsidiary companies: B.C. Ziegler and Company; Ziegler Leasing Corporation; Ziegler Thrift Trading, Inc.; Ziegler Asset Management, Inc.; Ziegler Collateralized Securities, Inc.; Ziegler Financing Corporation; First Church Financing Corporation; and Waste Research and Reclamation Co., Inc. Ziegler stock is traded on the American Stock Exchange under the symbol ZCO.
 Consolidated Statements of Earnings
 Three Months Ended June 30
 1992 1991
 Revenues before interest
 and dividends $ 11,921,000 $ 12,621,000
 Interest and dividends 512,000 681,000
 Total revenues 12,433,000 13,302,000
 Operating expenses 9,217,000 9,211,000
 Interest expense 1,082,000 1,001,000
 Income before income taxes 2,134,000 3,090,000
 Net Income $ 1,313,000 $ 1,936,000
 Earnings per share of common stock $.49 $.74
 Average number of common shares
 outstanding 2,657,732 2,633,950
 Number of common stockholders 580 613
 Six Months Ended June 30
 1992 1991
 Revenues before interest
 and dividends $ 22,261,000 $ 20,176,000
 Interest and dividends 1,017,000 1,329,000
 Total revenues 23,278,000 21,505,000
 Operating expenses 17,871,000 16,028,000
 Interest expense 2,184,000 1,903,000
 Income before income taxes 3,223,000 3,574,000
 Net Income $ 1,993,000 $ 2,239,000
 Earnings per share of common
 stock $.75 $.85
 Average number of common shares
 outstanding 2,655,609 2,633,105
 Number of common stockholders 580 613
 -0- 7/17/92
 /CONTACT: Peter D. Ziegler, president and chief executive officer of The Ziegler Company, 414-334-5521/
 (ZCO) CO: The Ziegler Company, Inc. ST: Wisconsin IN: FIN SU: ERN


LC -- CL022 -- 0451 07/17/92 17:51 EDT
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Date:Jul 17, 1992
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