Morgan Keegan Inc said anoffering of one common of its common shares is underway at
15.25 dlrs per share through underwriters led by First Boston
Inc &lt;FBC>, A.G. Edwards and Sons Inc &lt;AGE> and its own Morgan
Keegan and Co Inc subsidiary.
    Underwriters have been granted an option to buy up to
150,000 more shares to cover overallotments.
 Reuter
