Savin Corp said the first periodfor the exercise of the special conversion right for its zero
coupon convertible senior notes due February one, 1996, has
expired.
    Savin said about 1,767,000 shares of its common stock will
be issued as a result of the conversion.
    The share certificates issued through the conversion will
be distributed to noteholders beginning March six, Savin added.
 Reuter
