SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Earliest Event Reported: January 21, 1997
Jefferson-Pilot Corporation
(Exact name of registrant as specified in its charter)
North Carolina 1-5955 56-0896180
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
100 North Greene Street, Greensboro, North Carolina 27401
(Address of principal executive offices) (Zip Code)
(910) 691-3691
(Registrant's telephone number, including area code)
Item 5. Other Events
Jefferson-Pilot Corporation on January 21, 1997 closed on the private
placement sale of non-convertible Capital Securities from a newly established
Delaware business trust controlled by Jefferson-Pilot. The $200 million of
Capital Securities of Jefferson-Pilot Capital Trust A have an annual dividend
rate of 8.14% payable semi-annually beginning July 15, 1997.
The net proceeds of approximately $198 million will be used for general
corporate purposes, which may include future acquisitions.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
JEFFERSON-PILOT CORPORATION
By:_________________________
(name) Robert A. Reed
(title) Vice President
Dated: January 23, 1997
