Will Result in Accelerated Distribution Payment for 1996 Third Quarter

    SIOUX CITY, Iowa, August 21 /PRNewswire/ -- Terra Nitrogen Company, L.P.
(TNCLP) (NYSE: TNH) has announced that it will participate in an accounts
receivable securitization facility which will convert TNCLP receivables to
cash.  This action is expected to result in a one-time acceleration of between
$.50 and $.70 per unit in the distributions to senior preference and common
unitholders for the current quarter.
    If the facility is reduced or canceled during its three-year term or is
not renewed at the end of that time, the distribution for the quarter in which
the change occurs will be reduced as a result of the accelerated distribution
for the third quarter of 1996.
    TNCLP is one of the largest U.S. manufacturers and marketers of nitrogen
fertilizer products.
    NOTE:  Terra Nitrogen news releases are available at no charge through PR
Newswire's "Company News On-Call" fax service.  To obtain a Terra news
release, call 800-758-5804, code 106067.

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