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CBOE to List Options on Detroit Diesel Corp. (DDC) on Tuesday, July 22

16 July 1997

CBOE to List Options on Detroit Diesel Corp. (DDC) on Tuesday, July 22

    CHICAGO, July 16 -- The Chicago Board Options Exchange (CBOE)
today announced it will begin trading options on Detroit Diesel Corp.
(NYSE and CBOE ticker symbol DDC) on Tuesday, July 22.
    Detroit Diesel Corp., located in Detroit, MI, designs, manufactures,
markets, services and provides aftermarket and remanufactured products for
high performance diesel and alternative fuel engines.
    DDC options will trade on the March expiration cycle, with introductory
expirations in August, September, December and March.  Initial strike prices
have been set at 22-1/2, 25 and 30.  (Note: strike prices are subject to
change based on the price of the underlying security.)  Detroit Diesel Corp.
options will trade in the Coca-Cola Company trading crowd.
    CBOE, regulated by the Securities and Exchange Commission (SEC), is the
pioneer of listed options and the world's largest options marketplace.

SOURCE  Chicago Board Options Exchange