AMC <AMO> STUDYING CHRYSLER <C> PROPOSAL
American Motors Corp said it
is studying a proposed merger with Chrysler Corp.
    American Motors said it received a letter from Chrysler
Corp "advising us of their proposal to enter into a merger
transaction with American Motors Corp."
    In a brief statement, the company said, "We are studying
the proposal. We will have further comment when it is
appropriate."
 Reuter
