CHANCELLOR <CHCR.O> DECLARES SPECIAL DIVIDEND
Chancellor Corp said its board declared a
special dividend of 17 cts per share payable Aug 14, 1987, to
shareholders of record July 31, 1987.
    The company said it is not its intention to pay quarterly
dividends, but from time to time, pays special dividends if the
board believes it appropriate.
 Reuter
