SALT LAKE CITY, June 17 /PRNewswire/ -- The Board of Directors of American
Stores Company (NYSE: ASC) today declared a 2-for-1 stock split on the
company's common stock, payable July 16, 1997 to shareholders of record on
July 1, 1997.  The company currently has approximately 136.1 million shares of
common stock outstanding.
    The Board of Directors also declared a quarterly dividend and increased
the dividend rate on the company's common stock to 18 cents per share (9 cents
per share post-split) from 16 cents per share (8 cents per share post-split).
The dividend is payable July 10, 1997 to shareholders of record on June 27,
1997.

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