MOST HOME INTENSIVE PREFERRED <KDNYP> CONVERTED
Home Intensive Care Inc
<KDNY> said holders of 431,093 shares of its callable
cumulative convertible preferred of the 499,500 outstanding
were exercised their conversion right prior to the end of the
company's offer of 2.2 common shares for each preferred.
    It said holders of the remaining preferred have the option
of converting their stock for two common shares until March 5,
1988.
    The company said conversion of the preferred will result in
annual dividend savings of 431,093 dlrs.
 Reuter
