AMERICAN TRAVELLERS &lt;ATVC> TO MAKE ACQUISITION

  American Travellers Corp said
  it has entered into an agreement to purchase ISL Life Insurance
  Co of Dallas, a corporate shell with active licenses to operate
  in 12 states, for about 400,000 dlrs.
      The company said closing is expected by late spring and
  will result in American Travellers being licensed in seven new
  states.
  

