Newsday from New York, New York • 54

MATES TO MffiOS 42 55 Employers Unite LIFE from Preceding Page If youre looking for some of the best savings around, look to The Long Island Savings Bank with 50 convenient branches, you wont have to look far. Just drop by to open an account, or cad 1-800-THE-USB, 8:30 to 8:30 Mon. to Fri. and 9:00 to 12:00 Sat. Or open your account by mail with the coupon below and well give you a $5.00 bonus.

fl THE BLAND'S OWN MORTGAGE BANK a portion of their salary before taxes to investment finds administered by their company. Companies do not responsibility for losses or gains in these plans. When John Garamendi, Californias insurance commissioner, took over Executive Life last month, he stopped all payments to participants in these plans, arguing that he needed to conserve the insurers cash. Corcoran said Garamendi, after meeting with the group this month, indicated that he believes these contracts should be treated like other group annuities that fluid pension plans, meaning workers should be able to receive 70 percent of any benefits due. A spokeswoman for the commissioner declined comment.

Los Angeles County Superior Court Judge Kurt J. Lewin, who is overseeing Executive Lifes conservatorship, has scheduled a hearing next Thursday to consider the groups arguments. Many workers have argued that the company administering the benefit plan should make up any losses caused by Executive life's collapse. I think they bear responsibility because I dont think they fulfilled their fiduciary duty, Baid Henry Zjdla, a union president at Unisys, which has $178 million in Executive Life contracts. Zylla said the union had asked Unisys management repeatedly since 1988 to terminate the Executive Life contracts, but to no avail.

Nestico said Unisys tried to get the money out of Executive Life last year, but the terms of its contract did not allow it and Executive Life would not agree to a deal. Nestico added that he did not believe a court would find the company liable for breaching its fiduciary duty because at the time the contracts were purchased, Executive Life received the highest ratings from two mqjor ratings services. MAIL TO: The Lss lalanS Savings Bank, FSS, Marketing Sarvlc, 201 0M Country M. C. S.

902S, HMvNtab N.Y. 11M7-902S ND531 I Open my I 5-War CD Enclosed my check tor Open one of that account! bynrel I 2-VearCD and lacaiva an astro $5.00 bonus 13 Month CD deposited lo your account Mama Address ISM) 5 Daytime tai X. (ZOCMV) Home tel of Birth. Soc. Sac.

Date at Birth. Beneficiary name Branch attic name. Check Hire bca if you're a currant USB customer Under penalties of perjury I certify that (l)The number shown on this farm temy correct taxpayer number and (2) I am not subject to backup withhoWng either because I have not been notified by the Internal Revenue Service that I am subject to bKkup withholding as a result at a Mur to report aH interest or dividends, or the IRS has notified ma that I am no longer subject to backup withholding. You must cross out rtam (2) if you have been notified by the NS that you are currently subject to backup withholding. ASK ABOUT Booksellers Convene BOOKS From Preceding Page without nokc Substantial penaltias tar rty mthdrawl.

Vitkh on COi are baaed on dated rates lamaig FDIC Insured iawal of ptmcpal or aUareal lor a UM year. Vialdi on the Money Martial and SavirgsExtra accounts assume stated Mas remain i ettsd lor a Mi year SamgsErtra a a variable rata account. Ta mean die prscedkig SamngsEatra rate you must hats a inked checking account. Other rates and terms prelates. Only on $5 00 bonus aid be issued par customer.

Wo S5.00 bonus ter ooanaia an MA account. SBLI Its famine or feast right now, said Arthur Pine, a Manhattan literary agent. "If you have a good big book with major sales potential the money is there. Its like going into the supermarket and buying the brand names. They publishers dont want to put the money into developing a new brand name at this point because the business doesnt warrant it.

Publishers and booksellers started to feel the brunt of the recession in the last few months of 1990, the season that accounts for about 40 percent of all sales. Phyllis Grann, president of the Putnam Berkley Publishing Group, said, new books by authors who write year after year tend to sell 15,000 to 20,000 more copies than their previous one. But this year, books of Dick Francis, Robin Cook and Dean Koontz "did about the same as previous books, she said. Childrens books have been doing well and are expected to continue to sell. And for adults, many publishers are promoting accounts of the gulf war.

For business buffs, Putnam is pushing "Inside Out: An Insiders Account of Wall Street" by convicted felon Dennis B. Levine, a former managing director of Drexel Burnham Lambert. Brokers Good News REALTY from Preceding Page Dowling College could make this summer truly worthwhile for you. If youre back from college for the summer, you can accelerate your degree at Dowling's beautiful, peaceful riverfront campus in Oakdale. And if you live on Long Island, summer study at Dowling could be the start of that new career you've always wanted.

Dowling not only offers a wide choice of courses in both graduate and undergraduate programs, but also makes attetiding those courses very convenient for you. We offer flexible hours, with many early morning and evening classes. So, even if you're working, you can still work on that MBA or teaching degree. Or you can make up that course now rather than in the Fall. Registration ends June 6th for our first Summer Session.

Registration for Summer Sessions 11 continues until July 11th. Call now at 516-244-3030. And make summer truly worthwhile at Dowling. The Personal College." ing prices and moving faster than a year ago. In the last three months, apartments have stayed on the market for 20 to 125 days and selling prices have been within a few percentage points of asking Milstein said.

Last year, at the bottom of the market, buyers picked up apartments at discounts of 35 percent to 45 percent below the asking price. Those apartments had languished unsold for 300, 400, 500, some 800 days, Milstein said. Barbara Corcoran, another residential broker, said her clients discounts have narrowed three percentage points since the end of last year, from 23.5 percent off the asking price to 20.6 percent in April. The avenge selling time dropped from 30 weeks to 29 weeks. These figures reflect only small slices of the market, but other brokers report similar trends.

Barry Gosin, agent for the new Carnegie Hall Tower on 57th jStreet, said 14 of the 20 tenants that have 4 1 1 aa 1 signed leases so far are expanding. NEW YORK NEWSDAY, FRIDAY. MAY 31, 1991.