ARKANSAS BEST CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY                                                             

                                                          Additional  Stock Payable  Predecessor  Retained
                                     Preferred    Common    Paid-In    to Employee      Basis     Earnings
                                       Stock       Stock    Capital   Benefit Plans  Adjustment   (Deficit) 
                                                                 ($ thousands)

Balances at January 1, 1993           $    -    $   191    $ 133,279    $   701    $ (15,371)    $  (5,149)
  Net income                               -          -            -          -            -        20,311
  Issuance of common stock to 
   employee benefit plans -- Note K        -          1        1,299       (701)           -             -
  Stock payable to employee
   benefit plans                           -          -            -        205            -             -
  Issuance of preferred
   stock -- Note H                        15          -       71,879          -            -             -
  Dividends paid                           -          -            -          -            -        (4,670)

Balances at December 31, 1993             15        192      206,457        205      (15,371)       10,492
  Net income                                                                                        18,707
  Issuance of common stock to 
   employee benefit plans                  -          -          205       (205)           -             -
  Stock options exercised                  -          -           36          -            -             -
  Acquisition of Traveller 
   Group -- Note B                         -          3          938          -            -             -
  Dividends paid                           -          -            -          -            -        (5,069)

Balances at December 31, 1994             15        195      207,636          -      (15,371)       24,130
Net loss                                                                                           (32,792)
  Stock options exercised                  -          -          171          -            -        
  Dividends paid                           -          -            -          -            -        (5,079)
    Adjustment to recognize
     minimum pension liability
     -- Note K                             -          -            -          -            -        (1,041)

Balances at December 31, 1995        $    15    $   195    $ 207,807    $     -    $ (15,371)    $ (14,782)
See notes to consolidated financial statements.