RJR NABISCO &lt;RJR> HAS OFFSETTING GAINS, CHARGES
  RJR Nabisco Inc said its
  1987 first quarter results will include an after-tax gain of
  208 mln dlrs from the sale of Heublein Inc and offsetting
  charges.
      The company said its operations are performing well and in
  line with expectations.
      RJR Nabisco said the charges reflect reserves it
  established to cover certain expenses.
      RJR Nabisco said the expenses covered, on after-tax basis,
  include --
      -- 50 mln dlrs for the write-down of redundant equipment
  and facilities resulting from modernization of its U.S. tobacco
  operations,
      -- 79 mln dlrs for continuing restruction of its food
  subsidiaries, and
      -- 80 mln dlrs in connection with the early retirement of
  high coupon debt.
  

