CHICAGO, Aug. 7 /PRNewswire/ -- EVEREN Capital Corporation (NYSE: EVR)
announced today that its board of directors voted to declare a dividend of
$0.09 per share on all outstanding shares of the corporation's common stock.
The quarterly cash dividend is payable on Sept. 16, 1997, to stockholders of
record at the close of business on Sept. 2, 1997.  Currently, there are
approximately 17.1 million shares of EVEREN Capital common stock outstanding.
    The transfer agent and dividend paying agent for EVEREN's common stock is
Harris Trust and Savings Bank.
    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 nationwide superregional brokerage
firm with approximately 135 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 Securities Investor
Protection Corporation and the New York Stock Exchange.

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