DALLAS -- The Kansas Department of Transportation has chosen Smith Barney, Harris Upham & Co. to senior manage the first installment of an $890 million bond program -- the department's first since the early 1970s.

The agency said last week that it named Smith Barney and co-managers Bear, Stearns & Co., Lehman Brothers, A.G. Edward and Sons, and B.C. Christopher to handle a sale in the first quarter of 1992. The size of this first installment is still undetermined. They were among 37 bidders.

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