(CORRECTED) - BANPONCE <BDEP> PLACES NOTES
BanPonce Corp said it privately placed
30 mln dlrs of its 8.25 pct senior notes due 1992 through
Lincoln National Investment Management Co, New York Life
Insurance Co and Dillon Read and Co Inc.
    It said proceeds will be used to increase working capital,
for general corporate purposes, and for possible future
acquisitions.
    - Corrects dollar figure of notes placed in item appearing
Feb 25.
 Reuter
