PRESS RELEASES

December 11, 1997
First Union Capital Markets Corp. Prices $407.4 Million Home-Equity Securities Offering

November 20, 1997
First Union Capital Markets Corp., Lehman Brothers Price $2.2 Billion of Mortgage-backed Securities

October 20, 1997
First Union Capital Markets Corp., Bear, Stearns & Co. Price Securities Offering Backed By Affordable Mortgages

September 12, 1997
First Union Completes Asset-backed Securities Offering for Heller Financial

September 11, 1997
First Union Files Registration Statement for Primary and Secondary Offering of Common Stock

July 31, 1997
First Union Capital Markets Corp. Completes $405.6 Million Securitization of Student Loans

May 29, 1997
First Union Capital Markets Corp., Lehman Brothers Sell $1.3 Billion of Mortgage-backed Securities

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