EXHIBIT 99.1
 
                                                             Contact: Brock Hill
                                                                  (626) 535-1932

FOR IMMEDIATE RELEASE
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                    COAST LITIGATION TRUST ANNOUNCES RELEASE
               FROM COURT ORDERED ALTERNATIVE DISPUTE RESOLUTION
                                        
    PASADENA, Calif., October 27, 1998 - The Coast Federal Litigation Contingent
Payment Rights Trust (NASDAQ:CCPRZ) reported today that by Order of Judge
Lawrence S. Margolis of the Court of Federal Claims, dated October 22, 1998, the
Trust and the government, as plaintiff and defendant, respectively, in Coast
Federal Bank, Federal Savings Bank v. The United States (Civil Action No. 92-
466C in the United States Court of Federal Claims(the "Litigation)), have been
released from further participation in the alternative dispute resolution
process (the "ADR Process") mandated by Court of Federal Claims Chief Judge
Loren A. Smith in his order dated March 3, 1998 with respect to all Winstar-
related cases against the United States government.  The release of the Trust
and the government from further participation in the ADR Process followed the
communication by the parties to Judge Margolis of their mutual agreement that
such participation was not likely to be fruitful at the present time.  The Trust
will continue to pursue the Litigation against the government in the Court of
Federal Claims.

    The Trust, established as part of the transaction pursuant to which Coast
Savings Financial, Inc., merged with and into H.F. Ahmanson & Co., holds
Ahmanson's or its successor's commitment to pay the Trust the net after-tax
proceeds, if any, received by Coast Federal, or its successor, in the
litigation. Certificates representing undivided interests in the assets of the
Trust, and therefore interests in Ahmanson's commitment, were publicly issued by
the Trust to the holders of Coast Savings' common stock immediately prior to the
effectiveness of Coast Savings' merger with Ahmanson on February 13, 1998, which
certificates trade on The NASDAQ National Market under the symbol CCPRZ.##