CHICAGO, Feb. 10, 1997 -_ EVEREN Capital Corporation (NYSE:  EVR) today
announced that 1996 Republican vice presidential nominee Jack Kemp has been
elected to the Board of Directors of the full-service securities brokerage
firm.  Kemp replaces William M. Daley, who resigned from EVEREN's board to
become secretary of the U.S. Department of Commerce.
    Kemp is a co-director of Empower America, a public policy and advocacy
organization he co-founded in 1993 with former Secretary of Education
William J. Bennett and former Ambassador to the U.N. Jean Kirkpatrick.  Prior
to founding Empower America, Kemp served for four years as secretary of the
U.S. Department of Housing and Urban Development.  Before his cabinet
appointment, Kemp represented western New York in the U.S. House of
Representatives from 1971 to 1989.
    Kemp currently is a director of the American Bankers Insurance Group,
Inc.,  Carson Products Co., Oracle Corp. and Proxicom Inc.
    He becomes one of six directors on EVEREN's board, joining Chairman
and Chief Executive Officer James R. Boris; President and Chief Operating
Officer Stephen G. McConahey; William T. Esrey, chairman and chief executive
officer of Sprint Corporation; Homer J. Livingston, Jr., former chief
executive officer of the Chicago Stock Exchange; and William C. Springer,
president and chief executive officer of Heinz, USA.
    Headquartered in Chicago, EVEREN Capital Corporation is among the largest
employee-owned companies in the nation.  EVEREN Capital is the parent company
of EVEREN Securities, Inc., a full-service securities brokerage firm with 140
offices in 27 states, and EVEREN Clearing Corp., which provides securities
execution and clearing services and commodities clearing services for EVEREN
Securities and other broker-dealers.  EVEREN Securities and EVEREN Clearing
are members of the New York Stock Exchange and the Securities Investor
Protection Corporation.