FIRST FINANCIAL MANAGEMENT <FFMC> REVISES PACT
First Financial Management Corp said it
revised the agreement under which it provides data processing
services to First Union Corp of Georgia <FUNC>.
    The company said the revised agreement establishes specific
minimum payments to be made by First Union and shortens the
duration of the original pact by 16 months, with the new
agreement expiring on December 31, 1989.
    Under terms of the amended contract, First Financial said
it received 19.8 mln dlrs in cash and is guaranteed an
additional 50.3 mln dlrs in service revenues.
    The company said the agreement calls for minimum payments
of 16.5 mln dlrs for the balance of 1987, 18 mln dlrs in 1988
and 15.8 mln dlrs in 1989.
 Reuter
