FOR IMMEDIATE RELEASE                                 98-67

                                             Press contact:
                                             John J. Nester 
                                             (202) 942-7083
                              
                              
 "Facts on Saving and Investing Campaign" urges Americans to
    get a "Ballpark Estimate" of Retirement Savings Needs
                              

     Washington, D.C., July 27, 1998 -- The road to financial
security starts with six simple steps.  That's all it takes
to fill out the "Ballpark Estimate," a one-page worksheet
that helps people quickly calculate how much money they
should save each year to retire with enough money.

     Created by the American Savings Education Council, the
"Ballpark Estimate" helps people determine annual savings
goals by simplifying complex calculations, such as earnings
assumptions and projected Social Security benefits.

     The Facts on Saving and Investing Campaign was launched
by a national coalition of government agencies, consumer
groups, and business organizations to motivate Americans to
get the facts they need to save and invest wisely, and avoid
costly mistakes.


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