CHICAGO MILWAUKEE &lt;CHG> GREETS SHEARSON STAKE

  Chicago Milwaukee Corp said it welcomed
  an investment by Shearson Lehman Brothers Inc in its company.
      Yesterday, Shearson Lehman, a subsidiary of American
  Express Co (AXP), disclosed in a Securities and Exchange
  Commission filing that it holds a 5.35 pct interest in Chicago
  Milwaukee.
      Chicago Milwaukee's stock edged up 2-1/8 to 138 on turnover
  of 8,100 shares, as one of the biggest gainers on the NYSE. The
  stock has been trading in a 154 to 128 range for the last 52
  weeks.
      Edwin Jacobson, Chicago Milwaukee president, declined to
  comment on movement of the company's stock but said,"From an
  investment point of view, we are pleased to have Shearson,
  Lehman as a substantial investor."
      Shearson, Lehman purchased the shares for investment
  purposes and may continue buying shares depending on market
  conditions, according to the filing.
      Chicago Milwaukee, which sold its railroad interests to Soo
  Line Railroad Co (SOO) in February 1985, currently manages and
  sells its real estate which consists of 28,000 parcels in 11
  states.
  

