MAY &lt;MA> TO SELL SYCAMORE DIVISION

  The May Department Stores Co said it
  has signed an agreement to sell its Sycamore Specialty Store
  Division to an investment group that includes Syacmore senior
  management.
      May said it expects to close the deal, which includes the
  entire division and its 1,000 employees, in April.
      Sycamore has 111 women's apparel stores in Indiana, Ohio,
  Illinois, Kentucky and Michigan, May said.
      May added that the Indiana National Bank of Indianapolis
  provided a portion of the deal's financing.
  

