PHILIP MORRIS' <MO> OSCAR MAYER SETS REDEMPTION
Oscar Mayer and Co Inc, a unit of
Philip Morris Cos Inc, said it will redeem all of its
outstanding 7.85 pct debentures due January 15, 1996 on April
30, 1987, at 1,014.50 dlrs plus accrued interest for each 1,000
dlrs prinicpal amount.
    A notice of redemption will be mailed to noteholders March
27, it said.
 Reuter
