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
AUGUST 31, 1997
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
THE JOHN NUVEEN COMPANY
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-11123 36-3817266
(STATE OR OTHER (COMMISSION (IRS EMPLOYER
JURISDICTION OF FILE NUMBER) IDENTIFICATION NO.)
INCORPORATION)
333 WEST WACKER DRIVE, CHICAGO, ILLINOIS 60606
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(312) 917-7700
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)<PAGE>
ITEM 2. OTHER EVENTS
The information set forth under Item 5, below, is
incorporated by reference herein in its entirety.
ITEM 5. OTHER EVENTS
On September 2, 1997, The John Nuveen Company, a
Delaware corporation ("John Nuveen"), announced that it had
completed its acquisition of Rittenhouse Financial Services,
Inc., a Delaware corporation ("Rittenhouse").
On August 31, 1997, John Nuveen completed its pur-
chase of all outstanding shares of capital stock of Rit-
tenhouse (the "Purchase"), pursuant to the terms of the Stock
Purchase Agreement, dated as of July 14, 1997 by and among
John Nuveen, Rittenhouse, and the sole shareholder of Rit-
tenhouse.
A copy of John Nuveen's press release dated September 2,
1997 announcing completion of the Purchase is filed as Ex-
hibit 99.1 hereto and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(c) Exhibits.
The following exhibits are filed with this report:
Exhibit No. Description
99.1 Press Release dated September 2, 1997.<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Ex-
change Act of 1934, the Registrant has duly caused this re-
port to be signed on its behalf by the undersigned hereto
duly authorized.
THE JOHN NUVEEN COMPANY
By /s/ John P. Amboian
John P. Amboian
Executive Vice
President and Chief
Financial Officer
Dated: September 3, 1997<PAGE>
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release dated September 2, 1997.
NUVEEN COMPLETES ACQUISITION OF RITTENHOUSE FINANCIAL SERVICES
FOR IMMEDIATE RELEASE
CONTACT: Ed Dunn
312-917-7709
CHICAGO, September 2, 1997 -- The John Nuveen Company announced
today it has completed the acquisition of Rittenhouse Financial
Services, Inc. Rittenhouse, which is based in Radnor, PA,
manages approximately $9 billion in assets, predominantly in
individually managed equity and balanced accounts offered
through major broker-dealer firms. Nuveen had announced in
July its intention to acquire Rittenhouse for $145 million.
"The management of individual portfolios for affluent investors
is an important and growing segment of the investment
management business" said Nuveen Chairman Timothy R.
Schwertfeger. "Rittenhouse has built an outstanding franchise
in this area, based on a fine reputation for client service and
an investment focus on high-quality growth stocks with
consistent and predictable growth in earnings and dividends.
These qualities make Rittenhouse an excellent match to the
needs of Nuveen's customers, especially the financial advisers
who work with affluent investors."
Schwertfeger said that Rittenhouse will be managed as a wholly-
owned subsidiary of Nuveen and will continue to operate under
its own name. Richard D. Hughes will continue as President of
Rittenhouse. The company's founder and Chief Investment
Officer, George W. Connell, will continue to lead the firm's
investment committee. "Rittenhouse is proud to join a world-
class organization like The John Nuveen Company," said Mr.
Hughes. "Our clients will continue to benefit from the long-
term investment approach and high-quality customer service we
have always provided at Rittenhouse. Now we will have the
support and resources of a premier financial services company."
Mr. Schwertfeger noted that Nuveen is making plans to introduce
the Nuveen Rittenhouse Growth Fund, a new mutual fund expected
to be offered to the public within the next several months.
The fund will be managed using the same growth stocks
Rittenhouse now purchases for its individually managed equity
accounts.
"This acquisition and the new growth fund are the next logical
steps in the unfolding evolution of Nuveen," said Mr.
Schwertfeger. "We're continuing to expand beyond our
historical municipal market base to provide a broader range of
investment alternatives to investors who rely on their
investments as a primary source of their financial security."
With the addition of Rittenhouse, Nuveen now manages or
oversees nearly $60 billion in funds and trusts for over 1.3
million investors. Founded in 1898 and headquartered in
Chicago, Nuveen specializes in high quality investment products
and accompanying services distributed through financial
advisors, as well as providing municipal and corporate
investment banking. The John Nuveen Company is listed on The
New York Stock Exchange and trades under the symbol "JNC."
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