Stock 
                                              Additional Payable To
                                               Paid-In   Employee  Retained
                            Preferred  Common  Capital-- Benefit   Earnings
                                Stock  Stock   Note H    Plans    (Deficit)
                                                ($ thousands)

Balances at January 1, 1994      $  15  $ 192  $ 191,086  $ 205  $  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    192,265      -     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    192,436      -    (14,782)
  Net loss                           -      -          -      -    (36,603)
  Dividends paid                     -      -          -      -     (4,493)
  Adjustment to recognize minimum
    pension liability -- Note K      -      -          -      -        770
Retirement of common stock           -      -       (108)     -          - 

Balances at December 31, 1996    $  15  $ 195  $ 192,328  $   -  $ (55,108)

See notes to consolidated financial statements.