RANK ORGANISATION CURRENT TRADING SATISFACTORY

  Rank Organisation Plc &lt;RANK.L> said
  trading in the current year had continued satisfactorily taking
  into account seasonal fluctuations.
      Association companies, such as &lt;Rank-Xerox Ltd>, indicated
  an improved performance, a statement issued at the annual
  meeting said.
      It said it planned to spend some 15 mln stg on refurbishing
  its Odeon cinema chain and the Rank Film Distributors unit was
  committed to spending 20 mln to secure international
  distribution rights of films.
      Investment in new activities in 1987 should continue at a
  relatively high level to exploit opportunities for growth. Rank
  said it did not exclude the possibility of making large as well
  as small acquisitions.
      In the year to end-October, Rank reported a rise in pretax
  profits to 164.1 mln stg from 136.0 mln previously.
      Rank shares firmed in morning trading to be quoted at 712p
  at 1320 GMT after 697p at last night's close.
  

