COLUMBUS, Ohio, Dec. 27 /PRNewswire/ -- John G. Alexander has been
appointed Senior Managing Director of Retirement Services for Banc One
Corporation's (NYSE: ONE) national investment management organization, Banc
One Investment Management Group.  In addition, Alexander has been named Chief
Technology Director of the Group.
    As Senior Managing Director of Retirement Services, Alexander will be
responsible for the overall direction and national management of Banc One's
retirement businesses, including all defined contribution and benefit plans,
as well as other specialized retirement products.
    In tapping Alexander, Banc One is drawing upon one of its most experienced
technology and business managers to build this business for the future.
    "By all accounts, the retirement business in this country is growing
dramatically and will continue to dominate asset gathering opportunities as
demographic shifts occur," said David J. Kundert, chairman of Banc One
Investment Management Group.  "Because much of our retirement business
requires intense recordkeeping and operations expertise, we needed an
experienced professional who had both the investment management and the
technology background to rebuild and grow this key product line.  We are
fortunate to have just the proven leader in John Alexander."
    Alexander assumes his new responsibility with more than 30 years of
banking and investment management experience behind him.  Most recently,
Alexander served as head of Banc One Investment Management's Operations and
Technology Group.
    Prior to that, he served as president and CEO of Bank One Ohio Trust
Company and as executive vice president of Banc One Corporation's national
technology subsidiary - Banc One Services Corporation.  Alexander is a
graduate of The Ohio State University and Stonier Graduate School of Banking
at Rutgers University.
    A Columbus, Ohio native, Alexander is a member of Banc One Investment
Management Group's executive management committee and serves as a director of
Bank One Trust Company and of Banc One Investment Advisors Corporation.  Banc
One Investment Advisors, the investment arm of Banc One Investment Management
Group, manages approximately $39 billion in discretionary assets, including
The One Group Family of Mutual Funds which is the seventh largest bank-advised
mutual fund family in the country.
    Banc One Investment Management Group is a subsidiary of Banc One
Corporation which had assets of $98.6 billion and common equity of
$8.2 billion at September 30, 1996 and operates approximately 1,500 banking
offices.  Banc One also owns several additional corporations that engage in
credit card and merchant processing, consumer finance, mortgage banking,
insurance, trust and investment management, brokerage, investment and merchant
banking, venture capital, equipment leasing and data processing.
    Information about Banc One's third quarter 1996 financial results and its
products and services can be accessed on the Internet through Banc One's home
page at:  http://www.bankone.com and through InvestQuest(TM) World Wide Web:
http:/www.investquest.com; Fax-on-demand: 614-844-3860.

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