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UnumProvident Discusses Investment Losses

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NU Online News Service, July 18, 10:15 a.m. – UnumProvident Corp., Chattanooga, Tenn., says it expects to report at least $55 million in investment losses for the second quarter due to write-downs of investments in companies such as WorldCom Inc., Clinton, Miss.; TeleGlobe Inc. Montreal; and Adelphia Communications, Dover Township, N.J.

The second-quarter write-downs come on top of $77 million in investment losses reported for the first quarter.