National Intergrup Inc said itsPermian Partners LP subsidiary, recently formed to take over
the business of its Permian Corp unit, plans to make a public
offering of cumulative convertible preferred partnership units.
    Permian buys, transports and resells crude oil.
    Lead underwriters are American Express Co's &lt;AXP> Shearson
Lehman Brothers Inc and &lt;Donaldson, Lufin and Jenrette
Securities Corp> will be lead underwriters.
 Reuter
