BELLEVUE, May 19, 1997 - EVEREN Securities, Inc. announced today a $2,500
donation to Washington Women in Need.  The grant was made by the EVEREN
Foundation.  Washington Women in Need provides financial assistance to low-
income women in Washington for health care and educational needs.
    In keeping with a long-standing philosophy of community involvement and
charitable giving, the EVEREN Foundation was established in 1996, and since
its inception has contributed nearly $350,000 to not-for-profit organizations.
The foundation makes direct grants to charitable organizations and matches
EVEREN employee donations to qualified tax-exempt organizations.
    In addition, the EVEREN Foundation administers EVEREN Securities'
Community Commitment Day, whereby offices throughout the country donate a
portion of a specified day's income to a local not-for-profit organization.
    Educational programs provide the primary focus of the EVEREN Foundation's
activities.  Organizations that improve skills, increase educational
opportunities and demonstrate an innovative application of technology to
teaching or learning are recipients of foundation funding.
    EVEREN Securities, Inc. is a full-service nationwide superregional
brokerage firm that serves individual, corporate, municipal and institutional
clients nationwide through an integrated network of more than 1,200 investment
consultants in approximately 140 offices nationwide.  EVEREN investment
consultants offer a comprehensive range of investment products, including
stocks, bonds and mutual funds.  At year-end, the firm held more than $40
billion of client assets in more than 500,000 active client accounts.  EVEREN
Securities is a member of the Securities Investor Protection Corporation and
the New York Stock Exchange.  EVEREN Securities, Inc. is a subsidiary of
EVEREN Capital Corporation (NYSE: EVR).