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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 Report (Date of earliest event reported) January 26, 1996
Illinois Central Railroad Company
Exact name of Registrant as specified in its charter
Delaware 1-10720 13-3545405
(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
455 North Cityfront Plaza Drive, Chicago, Illinois 60611-5504
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (312) 755-7500
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Item 5. Other Events
Exhibit
28 Registrant's press release dated January 25, 1996.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant as duly caused this report to be signed on
its behalf by the undersigned hereto duly authorized.
ILLINOIS CENTRAL RAILROAD COMPANY
/s/JOHN V. MULVANEY
John V. Mulvaney
Controller
Date: January 26, 1996
ILLINOIS CENTRAL CORPORATION
DECLARES 3-FOR-2 STOCK SPLIT
CHICAGO -- January 25, 1996 -- (NYSE:IC) The Board of Directors
of Illinois Central today declared a 3-for-2 stock split on its common
stock.
The 3-for-2 stock split will be in the form of a stock dividend
of the company's common stock to holders of records as of the close of
business February 14, 1996. New certificates will be issued by March
14, 1996. Fractional shares will be settled in cash based on the
average of the high and low prices of the common stock on the New York
Stock Exchange on February 14, 1996. The stock split will increase the
shares outstanding from the December 31, 1995 level of approximately 41
million to approximately 62 million shares.
The Company said that the Board intends to continue its current
policy of quarterly dividends. The quarterly dividend rate will be
appropriately adjusted with the next dividend declaration.
The Board also set the annual stockholders meeting to be held in
Chicago, IL, on May 8, 1996, for stockholders of record as of March 8,
1996.
Illinois Central Corporation's principal subsidiary, Illinois
Central Railroad Company operates a 2,700-mile freight railroad between
Chicago and the Gulf of Mexico.
CONTACT: Ann G. Thoma, Corporate Relations, 312-755-7591
