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                                                                    EXHIBIT 99.1



         Austin, Texas (December 22, 1997) ... TCC Industries, Inc. (NYSE:TEL)
reported today the results of the voting at the Special Meeting of Shareholders
held on December 19, 1997, for the purpose of approving the 1997 Incentive and
Performance Stock Option Plan.  A tabulation of the votes by the Inspector of
Elections established the presence of a quorum and that 91% of the votes were
cast for approval of the Plan.  The Company also stated that its loan and
mortgage subsidiary, Paladin Financial, Inc., had received its license from the
U.S. Department of Housing and Urban Development (HUD), and that its merchant
and investment banking subsidiary, Barton Creek Capital Corporation, had
received its broker-dealer approval from the National Association of Securities
Dealers, Inc.  Lastly, the Company announced that on December 19, it completed
its first securitization of loans.

CONTACT:         Robert Thomajan, President
                 Walter A. DeRoeck, Chairman
                 512-708-5000



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