EXHIBIT 99.1 


                CUC INTERNATIONAL INC. COMPLETES ACQUISITIONS OF 
                DAVIDSON & ASSOCIATES, INC. AND SIERRA ON-LINE, INC.

          Stamford, CT -- July 24, 1996 -- CUC International Inc. (NYSE:CU)
     announced today that it has completed its previously announced
     acquisitions of Davidson & Associates, Inc. (NASDAQ:DAVD) and Sierra
     On-Line, Inc. (NASDAQ:SIER).  Davidson and Sierra On-Line are now
     wholly owned subsidiaries of CUC International Inc.  Davidson, based
     in Torrance, California, is a leading publisher and distributor of
     educational  and entertainment software.  Sierra On-Line, based in
     Bellevue, Washington, is a leading entertainment software company.

          Walter A. Forbes, chairman and chief executive officer of CUC
     International, commented, "With the completion of these acquisitions,
     we can move forward aggressively with our interactive strategy. 
     Davidson and Sierra On-Line's development expertise will enable us to
     build one of the most compelling sits in the interactive world - one
     that will offer families and individual consumers an exciting
     combination of entertainment, education, value-oriented consumer
     services, and the ability to transact."

          Pursuant to the mergers, each outstanding share of Davidson
     Common Stock has been converted into .85 of a share of CUC
     International Common Stock, and each outstanding share of Sierra On-
     Line Common Stock has been converted into 1.225 shares of CUC
     International Common Stock.  In each case, cash will be paid in lieu
     of fractional shares.

          CUC International Inc. is a leading membership-services company,
     currently providing over 48 million consumers with access to a variety
     of services including home shopping, travel, insurance, auto, dining,
     home improvement, lifestyle clubs, checking account enhancements, and
     discount coupon programs.

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