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                                                                  EXHIBIT 99.001


                                              CONTACTS:  HARVE FERRILL, CHAIRMAN
                                                                  (312-382-1105)
                                                        PAUL YOVOVICH, PRESIDENT
                                                                  (312-382-1107)

                      CUC INTERNATIONAL SIGNS AGREEMENT TO
                        ACQUIRE ADVANCE ROSS CORPORATION


        Chicago, IL, October 18, 1995 -- CUC International Inc. (NYSE:CU)
announced today that it has signed an agreement to acquire all of the
outstanding common stock of Advance Ross Corporation (NASDAQ:AROS), a processor
of value-added tax refunds to travelers in over 20 European countries.  CUC
International plans to effect the acquisition through a tax-free merger of a
wholly-owned acquisition subsidiary into Advance Ross.  Pursuant to the merger,
CUC plans to issue five-sixths of a share of its common stock for each share of
Advance Ross common stock held on the effective date of the merger, subject to
certain adjustments.  As of October 16, 1995, Advance Ross had approximately
7.1 million shares of common stock outstanding.  CUC International intends to
account for the acquisition as a "pooling-of-interests."
        The acquisition is subject to customary closing conditions, including
the expiration of any applicable waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 and the approval of the holders of Advance
Ross common stock.  It is anticipated that the acquisition will be completed in
January, 1996.



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        Walter A. Forbes, Chairman and Chief Executive Officer of CUC
International, commented, "This acquisition marks an important strategic move
for CUC International as it significantly strengthens our worldwide presence,
while also providing an extensive, new distribution channel for our services.
Advance Ross will work closely with our International division, which is
headquartered in London."
        More specifically:
        -        With access to over 90,000 retailers, including many high-end
                 department stores and boutiques, the acquisition will provide
                 CUC International with a broad international distribution
                 channel for its Entertainment Publications and other services.
        -        Advance Ross has operations in over 20 European countries.
                 There are significant opportunities to expand into additional
                 countries, primarily in Eastern Europe.
        -        Advance Ross has a presence in most major European airports,
                 providing an additional distribution channel for CUC
                 International's services.  Currently, CUC International is
                 marketing its Travel service, on a test basis, with Advance
                 Ross at Heathrow Airport.
        Harve Ferrill, Chief Executive Officer of Advance Ross, stated, "We are
pleased to become an integral part of CUC International's global growth
strategy.  CUC's direct-marketing expertise and entrepreneurial spirit, when
coupled with our international strength, promises to be a powerful
combination."



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        Mr. Ferrill continued, "Not only can CUC gain tremendous leverage from
our international presence, but we can also gain from CUC's marketing skills.
The value-added tax refund is a boon to travelers; yet, many tourists are
unaware of it.  CUC's proven marketing expertise should prove quite valuable in
our objective to increase travelers' awareness and usage of the refund."
        The merger agreement calls for five-sixths of a share of CUC common
stock to be issued for each share of Advance Ross common stock, assuming that
CUC common stock trades at an average price between $30.00 and $38.00 per share
over the ten-day period prior to a special shareholder meeting.  If CUC's
average price over that period is above $38.00, the CUC shares to be exchanged
for each share of Advance Ross common stock would be decreased to produce a
maximum $31.67 value for the CUC stock exchanged for each Advance Ross share.
If CUC's average price over that period is below $30.00, the CUC shares to be
exchanged would be increased to produce a minimum of $25.00 for the CUC stock
exchanged for each Advance Ross share.
        Advance Ross Corporation's primary business is Europe Tax-free Shopping
(ETS), the world's leading value-added tax (VAT) refund service.  For the year
ended December 31, 1994, Advance Ross reported revenues of $66.5 million.  Net
income was $8.3 million, or $.97 per fully diluted share, on 8.6 million
weighted average common shares outstanding, which reflects the two-for-one
split distributed on September 8, 1995.



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        CUC International Inc. is a leading membership-services company,
currently providing more than 38 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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