FOR IMMEDIATE RELEASE                                          Exhibit (a)(9)

                        SEMELE AFFILIATE COMPLETES TENDER
                        OFFER FOR PLM INTERNATIONAL, INC.

             APPROXIMATELY 83.2% OF SHARES OF COMMON STOCK RECEIVED

WESTPORT, CT - (Nasdaq: VSLF) - February 7, 2001 - Semele Group Inc.
announced today that its affiliate, MILPI Acquisition Corp., completed its
cash tender offer for the outstanding common stock of PLM International, Inc.
at $3.46 per share. The offer commenced on December 29, 2000 and expired at
12:00 midnight, New York City time, on Tuesday, February 6, 2001. Based upon
preliminary information from the depositary, a total of approximately
6,287,732 shares of common stock (including 12,340 shares subject to
guaranteed delivery), representing approximately 83.2% of the outstanding
common stock of PLM International, were validly tendered prior to the
expiration of the offer and not withdrawn. All such shares have been accepted
for purchase in accordance with the terms of the offer.

Under the terms of the merger agreement between MILPI and PLM International
dated as of December 22, 2000, MILPI will complete its acquisition of PLM
International by effecting a merger of MILPI into PLM International under
Delaware law, in which the remaining outstanding shares of PLM International
common stock held by persons other than MILPI or PLM International will be
converted into the right to receive $3.46 per share. The merger is expected to
be completed shortly once MILPI obtains approval of the merger by PLM
International's shareholders pursuant to a special shareholders' meeting.
Pursuant to MILPI's acceptance of such shares and the merger agreement dated as
of December 22, 2000, MILPI has waived any condition to the consummation of the
merger other than the condition that no provision of any applicable law or
regulation and no judgment, injunction, order or decree shall prevent or
prohibit the consummation of the merger.

Stephen M. Bess, Randall L-W Caudill, Douglas P. Goodrich, Warren G.
Lichtenstein, Howard M. Lorber, Harold R. Somerset and Robert L. Witt,
directors of PLM International, have tendered their resignations, effective
upon payment for the tendered shares, which MILPI expects will be effective
today. Following such payment and resignations, Gary D. Engle and James A.
Coyne will be appointed to the Board of Directors of PLM to fill the
vacancies due to such resignations and MIPLI will assume control of PLM
International's operations.

Semele Group Inc. is a holding company with interests in a number of real estate
development projects, income producing real estate, and equipment leasing funds.

PLM International, Inc. is a management company providing services to
transportation, industrial, and commercial companies. The company also manages a
diversified portfolio of over $700 million (based on original equipment cost) of
transportation and related equipment for approximately 60,000 third-party
investors.



This release contains forward looking statements that are subject to risks
and uncertainties that could cause actual results to differ materially from
those projected in such statements. Potential risks and uncertainties
include, but are not limited to, satisfaction of the conditions to closing
and MILPI's ability to integrate PLM operations and achieve the anticipated
synergies of the transaction.

The parties are required to file documentation with the Securities and Exchange
Commission concerning the transaction. WE URGE INVESTORS TO READ THE SCHEDULE
TO-T, THE SCHEDULE 14D-9 AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC,
BECAUSE THEY CONTAIN IMPORTANT INFORMATION. You may obtain a free copy of the
documents filed by PLM International, Inc. with the SEC at the SEC's web site at
www.sec.gov. In addition, documents filed with the SEC by PLM International,
Inc. will be available free of charge by directing a request to the Secretary of
PLM International, Inc. at One Market, Steuart Street Tower, Suite 800, San
Francisco, California 94105. Neither Semele nor any of its affiliates takes any
responsibility with respect to the accuracy or completeness of PLM
International's filings.

PLM International, its directors, executive officers and certain other members
of PLM International management and employees in the future may be soliciting
proxies from PLM International shareholders in favor of the merger transaction
and may have an interest either directly or indirectly by virtue of their
security holdings or otherwise. In such case, information concerning the
participants will be set forth in a proxy statement that will be filed with the
SEC. Information regarding such officers and directors is included in PLM
International's definitive proxy statement for its 2000 special meeting of
shareholders filed with the SEC on July 27, 2000, the Schedule 14D-9 filed with
the SEC on December 29, 2000 and other documents to be filed with the SEC. Such
documents are available free of charge at the SEC's web site at
http://www.sec.gov and from PLM International at the address set forth above.

SEMELE CONTACT:
     James A. Coyne
     MILPI Acquisition Corp.
     c/o Semele Group Inc.
     200 Nyala Farms
     Westport, CT 06880
     Phone: (203) 341-0515
     Fax: (203) 341-9988
     Email: jcoyne@equisgroup.com