FGIC <FGC> TO BUY UP TO 30 MLN DLRS OF STOCK
FGIC Corp said its board authorized the
purchase at prevailing market prices of up to 30 mln dlrs of
its common over the next 12 months.
    The company said Goldman Sachs and Co will be acting as the
company's agent for the shares buy back.
    FGIC said it has about 23.7 mln shares of common currently
listed and outstanding on the New YOrk STock Exchange.
    FGIC is a wholly owned subsidiary of Financial Guaranty
Insurance Co.
 Reuter
