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EVEREN Capital Corporation Board Declares Dividend On Common Stock; Sets Record Date

    CHICAGO, Feb. 11 /PRNewswire/ -- EVEREN Capital Corporation (NYSE: EVR)
announced today that its board of directors voted to declare a dividend of
$0.11 per share on all outstanding shares of the corporation's common stock.
The quarterly cash dividend is payable on March 17, 1998, to stockholders of
record at the close of business on March 3, 1998.  Currently, there are
approximately 17.4 million shares of EVEREN Capital common stock outstanding.
    The transfer agent and dividend paying agent for EVEREN's common stock is
Harris Trust and Savings Bank.
    EVEREN Capital Corporation (NYSE: EVR) is among the largest employee-owned
companies in the nation.  Headquartered in Chicago, EVEREN Capital is the
parent company of EVEREN Securities, Inc., a national full-service brokerage
firm with approximately 135 offices nationwide; EVEREN Clearing Corp., which
provides securities execution and clearing services and commodities clearing
services for EVEREN Securities and other broker-dealers; and Principal
Financial Securities, Inc., a full-service brokerage firm with approximately
50 branch offices in the Southwest, Midwest and West.  EVEREN Securities,
EVEREN Clearing and Principal Financial Securities are members of the
Securities Investor Protection Corporation, the New York Stock Exchange and
other principal exchanges.  For more information about EVEREN, visit the
company's web site at http://www.everensec.com.


SOURCE EVEREN Capital Corporation




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Related links:
  • http://www.everensec.com CONTACT:
    Edgar P. McDougal, 312-574-5791, or Caron
    Schreiber, 312-574-5724, both of EVEREN Capital Corporation
    CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
    121760