EXHIBIT 99


CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE 
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

In passing the Private Securities Litigation Reform Act of 1995 (the "Reform 
Act"), Congress encouraged public companies to make "forward-looking 
statements"* by creating a safe harbor to protect companies from securities 
law liability in connection with forward-looking statements.  MoneyGram 
Payment Systems, Inc. (the "Company") intends to qualify both its written and 
oral forward-looking statements for protection under the Reform Act.

To qualify oral forward-looking statements for protection under the Reform 
Act, a readily available written document must identify important factors 
that could cause actual results to differ materially from those in the 
forward-looking statements.  The Company provides the following information 
in connection with its continuing effort to qualify forward-looking 
statements for the safe-harbor protection of the Reform Act.

Important factors upon which the Company's forward-looking statements are
premised include the following:

    -    Continued growth at rates approximating recent levels for consumer
         money transfer transactions.

    -    No unanticipated changes in laws or regulations affecting the
         Company's businesses which require significant product redevelopment
         efforts or render products obsolete.

    -    Absence of significant changes in retail foreign exchange spreads on
         retail money transfer transactions, particularly between the United
         States and Mexico.

    -    No material changes in pricing actions by major competitors.

    -    Absence of loss of a major portion of the Company's distribution
         network.

    -    Absence of new major competitors or new competing products or 
         services.

Forward-looking statements express expectations of future events.  All 
forward-looking statements are inherently uncertain as they are based on 
various expectations and assumptions concerning future events and they are 
subject to numerous known and unknown risks and uncertainties which could 
cause actual events or results to differ materially from those projected.  
Due to these inherent uncertainties the investment community is urged not to 
place undue reliance on forward-looking statements.  In addition, the Company 
undertakes no obligation to update or revise forward-looking statements to 
reflect changed assumptions, the occurrence of unanticipated events, or 
changes to projections over time.

* "FORWARD-LOOKING STATEMENTS" can be identified by use of words such as 
"expect", "estimate", "project", "forecast", "anticipate", "plan" and similar 
expressions.