CHICAGO, Sept. 24 /PRNewswire/ -- EVEREN Securities, Inc. today announced
the appointment of a new director of convertible research and the addition of
two new traders to its Nasdaq/OTC trading desk.
    Richard T. Cunniffe has joined the firm as vice president and director of
convertible research, reporting to Joel C. Falk, managing director of
convertible securities.  Also, two OTC traders, Richard A. Friedman, a vice
president, and Charles R. Spencer, an associate vice president, have been
added to EVEREN's trading operation, reporting to Daniel R. Kravits, senior
vice president and director of Nasdaq/OTC trading.
    "The recent integration of our research, trading, institutional sales and
investment banking functions into client-focused teams is enhancing our
ability to recruit top professionals and deepen an already talented
organization," said Edward E. Dunleavy, executive vice president and
co-director of EVEREN's equity capital markets group.
    Cunniffe joins EVEREN's New York office from Value Line, where he was
director of convertible and option research and vice president of the Value
Line Convertible Fund and Aggressive Income Fund.  He joined Value Line in
1989 as a convertible/options analyst and quickly distinguished himself as an
expert in the highly specialized field.  Cunniffe received a bachelor's degree
from Buffalo State College and a master's degree in investment management from
Pace University in New York City.
    Friedman joins EVEREN from Rodman & Renshaw, where he traded over-the-
counter equities since 1994.  Prior to that, he was an OTC trader with the
Principal Financial Group, which he joined in 1986.  Friedman holds a
bachelor's degree in economics from the University of Illinois.
    Spencer also joins EVEREN from Rodman & Renshaw, where he began his career
as an agency trader.  He earned a bachelor's degree in economics from the
University of Colorado.
    EVEREN's capital markets division serves the capital needs of corporations
and governments as well as the interests of investors through a range of
activities, including investment banking, trading, institutional sales and
research of equity, taxable fixed-income and municipal securities.  The firm's
equity capital markets group focuses its efforts on serving middle market and
emerging growth companies in seven key industries:  consumer/retail, financial
services, health care, industrials, real estate, technology and
telecommunications.
    EVEREN Securities, Inc. is a full-service nationwide superregional
brokerage firm which serves individual, corporate, municipal and institutional
clients through an integrated network of approximately 1,280 investment
consultants in 135 offices.  Drawing on its national branch system, the firm
combines the capital markets resources of a large national firm with the
personalized service and dedication of a smaller firm.  Currently, EVEREN
holds approximately $46 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).  For more
information, visit the firm's site on the World Wide Web at
http://www.everensec.com.

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