E.F. HUTTON &lt;EFH> STARTS PUROLATOR &lt;PCC> BID

  E.F. Hutton Group Inc said it has
  started its previously announced offer to purchase up to
  6,332,471 common shares of Purolator Courier Corp at 35 dlrs
  each.
      In a newspaper advertisement, the company said the offer,
  proration period and withdrfawal rights will expire April One
  unless extended.  The offer is conditioned on receipt of at
  least 5,116,892 Purolator shares, or a 66.7 pct interest, and
  is the first step in a merger agreement that has been approved
  by the Purolator board.
      Hutton said it reserves the right to buy more than
  6,332,471 shares but has no present intention of doing so.  It
  said it may waive the condition that at least 5,116,892 shares
  be tendered as long as it received at least a 50.1 pct
  interest.  If it were to receive fewer shares than that, it
  said it would only purchase sharesd with the consent of
  Purolator.
  

