--Rick

Adobe Systems Files Registration with SEC
For Initial Public Offering of Shares

Palo Alto, Calif., [July 2, 1986]: Adobe Systems Incorporated
filed a registration statement today with the Securities and
Exchange Commission for its initial public offering of common
stock.  The company plans to offer 500,000 shares of common
stock at the anticipated price of between $10 and $11 per share.
The offering will be managed by Hambrecht & Quist Incorporated.

Adobe Systems licenses PostScript (R), a page description
language, to computer, printer, and typesetter manufacturers.
PostScript has been described as the industry standard for text
and graphic output on laser printers in the burgeoning industry
of desktop publishing.  In slightly over a year and a half
Adobe has OEM agreements with such major corporations as Apollo
Computer, Apple Computer, Dataproducts Corporation, Digital
Equipment Corporation, Linotype Company, NBI, QMS, Prime
Computer, Sun Microsystems, Texas Instruments, and Wang
Laboratories.

A registration statement relating to these securities has been
filed with the SEC but has not yet become effective.  These
securities may not be sold nor may offers to buy be accepted
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation,
or sale would be unlawful prior to registration of qualification
under the securities laws of any such state.

A preliminary prospectus may be obtained from Hambrecht & Quist
Incorporated, 235 Montgomery Street, San Francisco, California
(415) 576-3300.