AMERICAN VISION <AMVC.O> ELECTS NEW PRESIDENT
American Vision Centers Inc said Michael
C. Barlerin has been elected president and chief operating
officer of the company, replacing Robert S. Cohen, who will
remain a member of the company's board.
    Barlerin was previously senior vice president and director
of marketing for Zale Corp.
    American Vision also said two Kay Corp <KAY> officers,
Anthonie C. van Ekris and Thomas E. Hitselberger, and John C.
Belknap, chief financial officer of Seligman and Latz Inc, were
elected to American Vision's board.
   
    Kay last week completed the acqusition of 52 pct of
American Vision's outstding shares.
    The new members will succeed Alan R. Cohen, Edward M. Cohen
and Robert Gertler.
    Separately, American Vision said its board has approved a
proposal to borrow up to 2.5 mln dlrs from Kay Acquisition
Corp, a unit of Kay Corp, for additional working capital.
    The loan, which is subject to a number of conditions, would
include a market rate of interest and would be in the form of a
senior convertible debt instrument.
    American Vision owns and franchises retail eyecare stores.
 Reuter
