OTHER NEWS - Sept. 22, 1995

ITT Shareholders Approve Breakup: Clearing the way for the long-anticipated move in November, shareholders voted 548.9 million shares in favor of spinning off ITT’s hotel and casino operations, its industrial products business and its Hartford Insurance company. Holders of 49.2 million shares opposed the plan. ITT Corp.’s stock has risen 15% to $125.875 since the company announced its plans June 13. Analysts now expect the stock to rise to $135 to $150 a share in the next six months. Once ITT clears Internal Revenue Service approval for tax-free status, the company will tout the move among investors throughout the country for about two weeks before distributing to shareholders one share in each new company for every ITT share held.