New Issue - Lincoln National sells $300 mln 5-yr notes

Aug 22 (Reuters) - Lincoln National Corp. (LNC.N), the
fourth largest life insurer in the United States, on Wednesday
sold $300 million in five-year notes, market sources said.

J.P. Morgan and Wachovia Securities LLC were the joint lead
managers for the sale, the sources said.
BORROWER: LINCOLN NATIONAL CORP.
AMT $300 MLN COUPON 5.65 PCT MATURITY 8/27/2012
TYPE NOTES ISS PRICE 99.789 FIRST PAY 2/27/2008
MOODY'S A3 YIELD 5.699 PCT SETTLEMENT 8/27/2007
S&P A-PLUS SPREAD 135 BPS PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A MORE THAN TREAS NON-CALLABLE