NEC CORP HAS 150 MLN DLR EURO-CP PROGRAM
NEC Corp is establishing a 150 mln dlr
euro-commercial paper program with a sterling option, Morgan
Guaranty Ltd said as arranger.
    Paper will be issued by NEC Industries Netherlands BV under
the guarantee of NEC Corp.
    Dealers will be Morgan Guaranty, Chase Investment Bank Ltd,
Shearson Lehman Brothers International and Swiss Bank Corp
International Ltd.  Issuing and paying agent will be Chase
Manhattan Bank NA, London.
 REUTER
