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R&B Falcon Announces Preferred Stock Offering
 
    HOUSTON, Oct. 15 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC)
intends to file a registration statement under the Securities Act of 1993 in
November 1998 for up to $300 million of trust preferred securities.  The
offering will be made only by means of a prospectus.  The proceeds of the
proposed will be used for general corporate purposes.
SOURCE R&B Falcon Corporation



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    CONTACT:
    Leighton E. Moss of R&B Falcon Corporation,
    281-496-5000
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