EXHIBIT 99.1


                               [SUNBEAM LOGO]


FOR IMMEDIATE RELEASE

          SUNBEAM CORPORATION ACQUIRES CONTROLLING INTEREST
                        IN THE COLEMAN COMPANY, INC.

         DELRAY BEACH, Fla. - (BUSINESS WIRE) - March 30, 1998 - Sunbeam
Corporation (NYSE:SOC) announced today that it has completed its
acquisition of an 82% interest in The Coleman Company, Inc., from
MacAndrews & Forbes Holdings, a New York based company owned by financier
Ronald O. Perelman. As a result of this transaction, Mr. Perelman's company
now holds approximately 13% of Sunbeam's outstanding stock.

         Sunbeam plans to complete its acquisition of the remaining
publicly held shares of Coleman through a merger transaction expected to be
completed in the second quarter.

         Albert J. Dunlap, Sunbeam's Chairman and Chief Executive Officer,
stated, "This morning we acquired a controlling interest in The Coleman
Company and have installed our own management team. Coleman is the
worldwide leader in outdoor camping and recreation with powerful brands
such as Coleman (R), Powermate (R), Eastpak (R) and Campingaz (R), which we
will quickly assimilate into our company. We will also accelerate our
growth overseas using Coleman's strong distribution in Europe and Japan to
sell Sunbeam (R) and Oster (R) products." Since the announcement of this
acquisition on March 2, 1998, Sunbeam has had a team at Coleman working on
transition and restructuring plans. Mr. Dunlap added, "Coleman reminds me
of Sunbeam 18 months ago. They have an inflated cost structure with too
many facilities and headquarters. Their management team's efforts to
restructure the Company have not proven effective. Our much more aggressive
approach to restructure and grow the Company will be successful where past
efforts have not succeeded. Throughout the remainder of 1998 we will
implement our plans to consolidate the business of Coleman into Sunbeam. We
expect the resulting synergies, cost savings and opportunities to expand
our lines of business will create meaningful EPS accretion in 1999."

         Cautionary Statements - Statements contained in this press
release, including statements relating to the Company's expectations
regarding anticipated performance in the future, are "forward looking
statements," as such term is defined in the Private Securities Litigation
Reform Act of 1995. Actual results could differ materially from the
Company's statements in this release regarding its expectations, goals, or
projected results, due to various factors, including those set forth in
the Company's Cautionary Statements contained in its Form 10-K for the
period ended December 28, 1997, filed with the Securities and Exchange
Commission.

         Sunbeam Corporation is a leading consumer products company that
designs, manufactures and markets, nationally and internationally, a
diverse portfolio of brand name consumer products. The Company's
Sunbeam(R), Oster(R) and Grillmaster(R) brands have been household names
for generations, both domestically and abroad, and the Company is a market
leader in many of its product categories.

                                # # #

      Contact:    Investors               Media
                  Rich Goudis             Mari Hope
                  Sunbeam Corporation     Hill & Knowlton
                  (561) 243-2142          (212) 885-0339