MIAMI, Jan. 14 -- Howard Frank has been appointed to the new
position of vice chairman and chief operating officer and Gerald Cahill has
been promoted to senior vice president of finance and chief financial officer
for Carnival Corporation (NYSE: CCL). The promotions were ratified by the
company's board of directors this week.

Frank, 56, joined Carnival Corp. in July 1989 as senior vice president -
finance and chief financial officer and was promoted to vice chairman in 1993.
Prior to joining Carnival, Frank spent 23 years with Price Waterhouse,
including 14 years as an accounting and auditing services partner with the
firm's South Florida offices.

Cahill, 46, joined Carnival Corp. in Oct. 1994 as vice president - finance.
Prior to that he held posts at Safecard Services, Resorts International and
Price Waterhouse.

Carnival Corporation is comprised of Carnival Cruise Lines, the world's
largest cruise line based on passengers carried, Holland America Line,
Windstar Cruises and equity interests in Costa Cruises, Seabourn Cruise Line
and Airtours plc, which combined operate 35 ships in the Caribbean, Alaska,
Europe and other worldwide destinations. Combined, Carnival Cruise Lines and
Holland America Line have six new ships slated for delivery over the next two-
and-a-half years. The 101,000-ton Carnival Triumph is scheduled to enter
service in 1999 and its sister ship, the Carnival Victory, is scheduled to
enter service in 2000. Carnival also has two 70,000-ton SuperLiners, the
Elation and Paradise, under construction and expected to debut in March and
November 1998, respectively. Holland America Line also has two new 65,000-ton
cruise ships on order, both of which are expected to debut in 1999.