U.S. Treasury Department's Bureau of The Public Debt Now Offers Investor
Information on America Online

Washington, DC, April 29, 1996 -- The U.S. Treasury's Bureau of the Public
Debt and America Online, Inc., announced today that information about U.S.
Treasury securities is now available online to America Online's more than
5 million members.

Public Debt and AOL launched the "U.S. Treasury Securities" online area to
offer convenient access to information about U.S. Savings Bonds and the
Bureau's popular TREASURY DIRECT program. The size of the United States
public debt, down to the penny, is posted daily. AOL members can access
the information via Keywords: Savings Bonds or Public Debt.

"Today, 55 million Americans own savings bonds and AOL offers us a direct
channel to reach millions of our investors," said Richard Gregg,
Commissioner of the Bureau of the Public Debt. "When the Bureau looked to
the online industry, America Online offered the ideal resource for us to
reach Americans interested in investing in U.S. Savings Bonds. Working
together, AOL and Public Debt created the easy to use U.S. Treasury
Securities area in AOL's Personal Finance channel to foster the Bureau's
customer service goals."

"We are delighted that the U.S. Treasury Department, the first Federal
agency to create an online area within America Online, has chosen to
deliver its information and services through this medium," said Ted
Leonsis, President of America Online Services Company. "Now investors or
those curious about America's most widely held security, U.S. Savings
Bonds, can access an extensive menu of information about bonds with the
click of a mouse."

AOL members can find out where to buy and redeem bonds, what bonds are
earning, get helpful investor information about a wide variety of bond
service transactions and even download a free program to keep track of
their bonds. Investors can also e-mail one of Public Debt's savings bonds
experts if they have questions or need specific information about their
bonds. A message board is provided so members can "talk" about savings
bonds.

Those interested in marketable Treasury Bills, Notes, and Bonds will find
information about TREASURY DIRECT. TREASURY DIRECT is a book-entry system
that allows investors to buy these marketable securities at auction and
hold them in accounts directly with Public Debt. Members also have access
to the message board and e-mail and can access sale dates for bills,
notes, and bonds as well as the results of these auctions.

America Online, Inc., (NASDAQ symbol: AMER), based in Vienna, VA is the
largest and fastest growing provider of online services in the world with
the most active subscriber base. AOL offers its 5 million subscribers a
wide variety of services, including electronic mail, conferencing,
software, computing support, interactive magazines and newspapers and
online classes, as well as easy and affordable access to services of the
Internet. AOL has a global workforce consisting of more than 4,000 people.
Founded in 1985, AOL has established strategic alliances with dozens of
companies, including Capital Cities/ABC, Viacom, Bertelsmann, Hachette,
IBM, Compaq and American Express. Personal computer owners can obtain
America Online software at major retailers and bookstores, or by calling
800-827-6364.
 
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 From the 'New Product News' Electronic News Service on...
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