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                                                                    EXHIBIT 99.2



         Austin, Texas (April 1, 1998) ... TCC Industries, Inc. (NYSE:TEL)
announced today that it had terminated discussions with an acquisition group
that last week offered to acquire the business of one of its subsidiaries,
Paladin Financial, Inc. The acquisition group, consisting of some members of
Paladin's management, had expressed the view that TCC's business plan for the
purchase and sale of conventional, uninsured mortgage loans known as 125 Loan to
Value (125 LTV), was too conservative and wished to pursue a more aggressive
program in the market as a stand-alone company. TCC reported that it would
maintain and expand its original business plan (which involves the purchase,
securitization and sale of traditional, Title I insured mortgages) and would
acquire 125 LTV product only against a pre-arranged, profitable disposition.
Lastly, TCC announced that a few members of the acquisition group are no longer
employed by TCC.


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


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