APC Rated Third in Country's Top 100 Growth Companies, says Financial World
Magazine

OCTOBER 3, 1995 -- (West Kingston, RI) American Power Conversion
Corporation (NASDAQ:APCC), the worldwide market share leader in
Uninterruptible Power Supplies (UPS) and software for networks and similar
mission-critical applications, today reported that in the October 10, 1995
issue of Financial World Magazine, APC was rated #3 of "America's Best 100
Growth Companies," following Oracle Systems at #1 and Parametric
Technologies at #2 respectively.

Rankings are based on 5 year Earnings Per Share (EPS) growth, Average
Return on Equity, Estimated EPS Growth '95 vs '94, EPS per latest 12
months and 1995 Estimate, Latest 12 Month Sales and Profits, Debt as
Percent of Equity, Stock Price (as of September 6, 1995) and 1995
Estimated Price:Earnings.

"We continue to focus on the expanding geographical, new product, and new
application opportunities before us," said Rodger B. Dowdell Jr.,
President and CEO. "With the strongest brands, the widest product line,
and the most expansive distribution, we are better positioned than ever
against a market in the midst of consolidation."

According to a September study of MIS professionals by InformationWeek,
74.8% of corporate respondents planned to buy APC UPS products, while 16%
opted for Best Power--the next leading brand--and 1% of respondents were
considering the Hewlett Packard PowerWise series.

In response to recent third party reports Dowdell commented, "In the second
quarter of 1995, inventories stood at $157 million, up from $133 million
in the first quarter, and $92 million in the fourth quarter of 1994. This
represents year-to-date inventory growth of 70% on a sequential basis,
versus the 249% growth as inaccurately stated in recent reports. This
buildup was driven by product transitions, as we added 79 new products
during the first three quarters of 1995, and a planned ramp-up for sales
in the third and fourth quarters. We have managed the product transition
to our new enhanced Smart- UPS conservatively and we are satisfied with
the worldwide progress to date."

Dowdell stated further that top management continues to focus on bringing
inventories down as a percent of sales. "While we do manage our inventory
vendor relationships very aggressively, we are not experiencing any
significant cash flow issues which would preclude us from paying our
vendors," said Dowdell. "During the second quarter of 1995, we paid down
our accounts payable balances by $14 million improving our current assets
to current liabilities ratio from 3.1 to 3.8 in the second quarter versus
the first quarter. At the end of the second quarter the company had
utilized $8.5 Million of a $40 Million credit line leaving ample liquidity
to run the business, contrary to the $10 Million available credit line
figure reported in the press by a third party."

Dowdell indicated that the company is currently in its third quarter "quiet
period" and cannot comment on its third quarter financial results. Dowdell
said the company expects to release third quarter results and hold its
regular quarterly financial analyst conference call by the end of the
month.

American Power Conversion (NASDAQ:APCC) is the market share leader in
Uninterruptible Power Supplies (UPS) and software for networks and similar
mission-critical applications. Product lines include the Back-UPS,
Smart-UPS, Matrix-UPS, Line-R power conditioners, PowerChute software,
PowerNet SNMP adapters and software, SurgeArrest surge suppressors,
ProtectNet data-line surge suppressors, and PowerManager PowerCenters.
 
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