______==U.:.!.S>!.!.C-.lo!S:"'E.\oIC"-lll~R>.LITLJII.I:.E.:;S__AA.AlN.g.D • ._. __ ... _ •. _ CMl PROCEEDINGS EXCHANGE COMMISSION ------~------_. __ ._._------STEVEN R. GRAYSON PRELIMINARILY ENJOINED

The Los Angeles Regional Office announced that on April 26 the Honorable Cynthia H. Hall, U.S. District Judge for the Central District of California, issued a prelimi- nary injunction against Steven R. Grayson which, among other things, prohibits him from committiRg further violations of the antifraud provisions of the securities laws, and transferring or dissipating assets while the Court's Order is in effect.

The Court found that Grayson, a municipal securities salesman, had violated Section 17(a) (1) and (2) of the Securities Act of 1933, Section lOeb) of the Securities Exchange Act of 1934 and Rule 10b-S thereunder, in connection with the offer and sale of municipal bonds. Specifically, the Court found that Grayson had obtained from his employer $150,000 worth of municipal bearer bonds through a fraudulent representation that he planned to deliver them to a customer. In fact, Grayson neither delivered the bonds to the customer nor returned them to the firm. In addition, the court found that Grayson had induced his retail customers to turn over to him at least $1.6 million worth of municipal bearer bonds on the represen- tation that he would upgrade the bonds and return them to the customers. Instead, the bonds were sold through a nominee account and neither the proceeds of the sales nor any new bonds were returned to the customers.

Judge Hall has not yet set a date for trial on the permanent injunction. {SEC v. Steven R. Grayson, U.S.D.C, C.D. Cal., Civil Action No. 82-0453-CHH, Tx). (LR-966S) CRI_NAl PROCEEDINGS

ARNOLD POLISKIN, OTHERS SENTENCED FOR WESTAMERICA FRAUD

The Los Angeles Regional Office announced that on April 19 the Honorable Manuel Real, Judge, U.S. District Court, Los Angeles, sentenced Arnold Po1iskin, Jerold Zukor, and James Morse following their conviction on an indictment based on fraudulent sales of stock of Westamerica Automotive Corporation.

Po1iskin was sentenced to imprisonment for five years which was suspended except for six months in prison to be followed by service of 60 days in jail on 30 successive weekends. The defendant was ordered placed on probation for the remainder of the five year term following the six months of incarceration and was also required to perform 2,000 hours of community service. Poliskin was found guilty by Judge Real on April 2, 1982 on 19 counts charging him with conspiracy and securities fraud following a four day trial to the Court.

Zukor was sentenced to the same terms of imprisonment, probation, and community service except that he was required to serve 90 days in jail on 45 successive week- ends following the term of imprisonment. Zukor entered a plea of guilty to three counts of securities fraud on March 19, 1982 before Judge Real.

Morse was sentenced to serve 90 days in prison in addition to a term of imprisonment he is currently serving on an unrelated mail fraud conviction. He was also required to perform 1,000 hours of community service during probation. Morse entered a plea of guilty to one count of conspiracy to commit securities fraud and mail fraud on March 15, 1982 before Judge Real.

On January 27, 1982, the above three defendants were charged in various counts of a 30-count indictment with conspiracy, mail fraud and securities fraud in connection with the fraudulent distribution and manipulation of stock of Westamerica Automotive Corporation in the over-the-counter market. (U.S. v. Arnold Poliskin, Jerold Zukor and James Morse, C.D. Cal., CR-82-83). (LR-9664) INVESTMENT COMPANY ACT RELEASES

T~I-CONTINENTAL CORPORATION. A notice has been issued giving interested persons until May 25 to request a hearing on an application of Tri-Continental Corporation (Applicant), a closed-end, diversi- fied, management investment company registered under the Investment Company Act of 1940, for an order, pursuant to Section 6(c) of the Act, declaring that William M. Rees shall not be deemed an -interested person- of Applicant or of its investment adviser, J. & W. Seligman & Co. Incorporated, as that term is defined in Section 2 (a ) (19) of the Act solely by reason of his being a director of The Chubb Corpora- tion. (ReI. IC-12414 - Apr. 30)

SOUTHWEST FUNDING CORPORATION

A notice has been issued g1v1ng interested persons until May 28 to request a hearing on an application filed by Southwest Funding Corporation (Applicant), a Delaware corporation, requesting an order, pursuant to Section 6ec) of the Act, exempting Applicant from all provisions of the Act and the rules and regulations thereunder. (ReI. IC-12415 - May 3)

IDS GOVERNMENT SECURITIES MONEY FUND, INC.

A notice has been issued giving interested persons until May 29 to request a hearing on the application of IDS Government Securities Money Fund, Inc., for an order of exemption from Section 2(a) (41) of the Investment Company Act of 1940 and Rules 2a-4 and 22c-l thereunder to the extent necessary to permit it to value its port- folio securities on an amortized cost basis. (ReI. IC-124l6 - May 4) ------_._----- .._-- .._-- -._. HOLDING COMPANY ACT RELEASES ------_._ .._._------THE HARTFORD ELECTRIC LIGHT COMPANY

An order has been issued authorizing The Hartford Electric Light Company, subsidiary of Northeast Utilities, to issue and sell at competitive bidding up to $40 million of first mortgage bonds not later than June 30, 1982. (Re!. 35-22482 - Apr. 30)

THE COLUMBIA GAS SYSTEM, INC.

An order has been issued authorizing The Columbia Gas System, Inc., a registered holding company, to issue and sell 3,000,000 shares of its common stock from time to time through April 30, 1985 pursuant to its Dividend Reinvestment Plan. (ReI. 35-22486 - May 3)

GEORGIA POWER COMPANY

An order has been issued approving a proposal by Georgia Power Company to acquire, by purchase or lease, 225 railroad cars pr10r to December 31, 1985. Jurisdiction has been reserved over the acquisition of 275 additional cars in the same time period. (ReL, 35-22487 - May 3)

LISTING, DELISTING AND UNLISTED TRADING ACTIONS

UNLISTED TRADING GRANTED

A notice has been issued g1v1ng interested persons until May 24 to comment on the applications of the Philadelphia Stock Exchange, Inc. for unlisted trading privi- leges in two issues which are listed and registered on one or more other national securities exchanges and are reported in the consolidated transaction reporting system. (ReI. 34-18709)

2 NEWS DIGEST, May 5, 1982 SELF -REGULATORY ORGANIZATIONS

ACCELERATED APPROVAL OF PROPOSED RULE CHANGE

The Commission has approved, on an accelerated basis, a proposed rule change filed by the , Inc. (SR-NYSE-82-3) to conform its capital rules for NYSE member organizations to the recent changes to the Commission's Uniform Net Capital Rule (Rule 15c3-1 of the Securities Exchange Act of 1934). (ReI. 34-18695)

NOTICE OF IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGE

The Midwest Stock Exchange, Inc. has filed a proposed rule change which became effective under Section 19(b) (3) (A) of the Securities Exchange Act of 1934 (SR-MSE-82-3) to increase to $50 from $40 the fee for registration of new officers and partners of non-NYSE member organizations. Publication of the proposal is expected to be made in the Federal Register during the week of May 3. (Rel. 34-18696)

APPROVAL OF PROPOSED RULE CHANGE

The Commission has approved a proposed rule change filed under Rule 19b-4 by the Chicago Board Options Exchange, Inc. (SR-CBOE-82-3) to require CBOE member firms to file termination reports only for registered representatives who have been terminated for cause~ and to clarify the CBOE's disciplinary juriSdiction. (ReI. 34-18697)

NOTICE OF AMENDMENT TO PROPOSED RULE CHANGE

The New York Stock Exchange, Inc. has filed an amendment to a proposed rule change pursuant to Rule 19b-4 (SR-NYSE-82-2) to amend the NYSE's 700 series rules with regard to stock index options in order to detect manipulation through concurrent trading in an option and a futures contract, where both are based on a similar index or group of stocks. In addition, the proposed amendment increases the minimum number of stocks underlying the proposed stock index option from 25 to 50. Publication of the proposal is expected to be made in the Federal Register during the week of May 3. (ReI. 34-18702)

NOTICE OF PROPOSED RULE CHANGE

The Municipal Securities Rulemaking Board has filed a proposed rule change pursuant to Rule 19b-4 (SR-MSRB-82-4) to amend MSRB Rule A-3 to permit a member of its Board representing the public sector to succeed himself in office if his first term of office was less than 18 months. Publication of the proposal is expected to be made in the Federal Register during the week of May 3. (Re!. 34-18708)

TRUST INDENTURE ACT RELEASES

PETRO-LEWIS CORPORATION

A notice has been issued g1v1ng interested persons until May 24 to request a hearing on the application by Petro-Lewis Corporation (Applicant), pursuant to Section 3l0(b) (1) (ii) of the Trust Indenture Act of 1939, declaring that the trusteeShip of Trust Company under five indentures of Applicant, four of which are qualified under the Act, is not so likely to involve a material conflict of interest as to make it necessary to disqualify United States Trust Company of New York from acting as trustee under any such indentures. (ReI. TI-7l7)

SECURITIES ACT REGISTRATIONS

The following registration statements have been filed with the SEC pursuant to the Securities Act of 1933. The information noted below has been taken from the cover page and the facing sheet of the prospectus and registration statement and will appear as follows: Form: Name, address and phone number (if available) of the issuer of the security: Title and the number or face amount of the securitic3 being offered: Name of the managing underwriter (if applicable); Whether the offer- ing is a rights offering; File number and date filed; Assigned Branch: and whether the registration statement is a New Issue.

NEWS DIGEST, May 5, 1982 3 (N-l) STEADMAN OCEANOGRAPHIC, TECHNOLOGY & GROWTH FUND, 1730 K Street, N.W., Washington, DC 20006 (202) 223-1000 - 65,000 shares of beneficial interest. (File 2-77258 - Apr. 30) (Br. 16)

(N-l) STEADMAN INVESTMENT FUND, 1730 K Street, N.W., Washington, DC 20006 (202) 223-1000 - 330,000 shares of beneficial interest. (File 2-77259 - Apr. 30) (Br. 16)

(S-6) NEW YORK INSURED MUNICIPAL BOND TRUST, SERIES 6, 1901 North Naper Blvd., Naper- ville, IL 60566 - 1,000 units. Depositor: Van Kampen Merritt Inc. (File 2-77291 - May 3) (Br. 18 - New Issue)

(S-8) ST. REGIS PAPER COMPANY, 237 Park Ave., New York, NY 10017 (212) 808-6000 - 2,000,000 shares of common stock. (File 2-77302 - May 3) (Br. 8)

(S-6' s) MUNICIPAL INVESTMENT TRUST FUND, TWO HUNDRED TWENTY-SEVENTH MONTHLY PAYMENT SERIES; THE CORPORATE INCOME FUND, ONE HUNDRED NINETY-THIRD SHORT TERM SERIES; AND THE CORPORATE INCOME FUND, ONE HUNDRED FIFTIETH MONTHLY PAYMENT SERIES, One Liberty Plaza, 165 Broadway, New York, NY 10080 - an indefinite number of units of beneficial interest (each Series). Depositors: Merrill Lynch, Pierce, Fenner & Smith Incor- porated, One Liberty Plaza, 165 Broadway, New York, NY 10080, Dean Witter Reynolds Inc., Bache Halsey Stuart Shields Incorporated and Shearson/ Inc. (File 2-77303, 2-77304 and 2-77305 - May 3) (Br. 17 - New Issues)

(S-8) OZARK AIR LINES, INC., P.O. Box 10007 Lambert Field, St. Louis, MO 63145 (314) 895-6600 - 250,000 shares of common stock. (File 2-77306 - May 3) (Br. 3)

(S-l) SYNTECH INTERNATIONAL, INC., 10111 Miller Rd., Suite 105, Dallas, TX 75238 (214) 340-0379 - 914,749 shares of common stock. The company is engaged in the manufacture and sale of computer equipment and systems. (File 2-77307 - May 3) (Br. 10) [SHELF REGISTRATION]

(S-14) LEADER DEVELOPMENT CORP., 1050 Kingsmill Parkway, Columbus, OH 43229 (614) 846-7410 - 846,312 common shares. (File 2-77308 - May 3) (Br. 5 - New Issue)

(S-8) DUCOMMUN INCORPORATED, 612 South Flower St., Los Angeles, CA 90017 (213) 612-4200 - 125,000 shares of common stock. (File 2-77309 - May 3) (Br. 6)

(S-15) NCNB CORPORATION, One NCNB Plaza, Charlotte, NC 28255 (704) 374-5000 - 2,147,550 shares of common stock. (File 2-77311 - May 3) (Br. 1)

(S-8) TOPPS & TROWSERS, 25 Taylor St., San Francisco, CA 94102 (415) 777-4222 - 748,617 shares of common stock. (File 2-77312 - May 3) (Br. 1)

(S-8) THERMAL ENERGY STORAGE, INC., Suite A, Building No.2, 10637 Roselle St., San Diego, CA 92121 (714) 453-1395 - 3,000,000 shares of common stock. (File 2-77313 - May 3) (Br. 9)

(S-15) MEDTRONIC, INC., 3055 Old Highway B, Minneapolis, MN 55418 (612) 574-4000 - 802,000 shares of common stock. (File 2-77314 - May 3) (Br. 7)

(S-B) WARNER ELECTRIC BRAKE & CLUTCH COMPANY, 449 Gardner St., South Beloit, IL 61080 (815) 389-3771 - 238,300 shares of common stock. (File 2-77315 - May 3) (Br. 7)

(S-B) KELLOGG COMPANY, Batte1 Creek, MI 49016 (616) 96~-2000 - 1,500,000 shares of common stock. (File 2-77316 - May 3) (Br. 4)

(S-3) THE CHARTER COMPANY, 21 W. Church St., Jacksonville, FL 23202 (904) 358 ..4111 .. 50,000 units, $50 million of % subordinated debentures, due 2002 (Series A) with warrants to purchase $50 million of % subordinated debentures, due 2002 (Series B). The company is a diversified corporation having its primary revenue and asset base in the petroleum and insurance industries, with operations also in the communica - tions business. (File 2-77317 ,..May 3) (Br. 3)

(S-8) INTERNATIONAL POWER MACHINES CORPORATION, 3328 Executive Blvd., Mesquite, TX 75149 (214) 288-7501 .. 340,000 shares of common stock. The company designs, manu~ factures, sells and maintains uninterruptible power systems. (File 2-77318 - May 4) (Br. 8)

(S-16) GENERAL ELECT~IC COMPANY, 3135 Easton Turnpike, Fairfield, CT 06431 (203) 373-2211 - 230,000 shares of common stock. The company has been engaged in developing, manufacturing and marketing a wide variety of products for the generation, trans- mission, distribution, control and utilization of electricity. (File 2-77320 - May 4) (Br. 8)

4 NEWS DIGEST, May 5, 1982 (S-8) ANALOG DEVICES, INC., Route 1 Industrial Park, Norwood, MA 02062 (617) 742-9100 - 625,000 shares of common stock. (File 2-77321 - May 3) (Br. 8)

(S-8) MCDONALD'S CORPORATION, One McDonald's Plaza, Oak Brook, IL 60521 (312) 887-3482 - 400,000 shares of common stock. (File 2-77323 - Apr. 30) (Br. 3)

(S-8) CONTINENTAL ILLINOIS CORPORATION, 231 South La Salle St., Chicago, IL 60693 (312) 828-7490 - 1,500,000 shares of common stock. (File 2-77325 - May 4) (Br. 1)

REGISTRATIONS EFFECTIVE

Apr. 15: E. I. du Pont de Nemours and Company, 2-76804 (corrected order). Apr. 29: Sovereign Realty 1982-1, 2-75832; Municipal Investment Trust Fund, Seventh California Series, 2-76682. Apr. 30: Merrill Lynch Kecalp Growth Investments Limited Partnership 1982, 2-75804; Merrill Lynch Kecalp Ventures Limited Partnership 1982, 2-75805; Shanley Oil Company, 2-76471; TOK Electronics, Ltd., 2-76738; Vipont Laboratories, Inc., 2-75103.

REGISTRATIONS WITHDRAWN

Apr. 19: United Financial Group, Inc., 2-72560-C. Apr. 21: Cad Cam Incorporated, 2-76260-C; Marsh & McLennan Companies, Inc., 2-68003. Apr. 22: Texas American Resources, Inc., 2-72266.

ACQUISITIONS OF SECURITIES

Companies and individuals making a tender offer must have on file at the time the tender offer commences a Schedule 140-1. The following companies or individuals filed Schedule 140-1's during the period April 10 - 21, 1982. *Amended Tender Offers.

OFFER TO PlJKllASE BY: ISSUER & NUMBER OF SHARES TO BE PUlOiASED DATE FILED

* SB Brewery, Inc. Jos. Schlitz Brewing Co. (Milwaukee, WI) 4-10-82 (WOOlly-owned subsidiary of Common Stock - 19,740,000 shares Stroh CcxIpanies,Inc.) for cash at $17.00 net per share (l\mended offer increased the price fran $16.00 net per share.)

Rexnord l\aiUisitionCorp. Contech Inc. (Minneapolis, MN) 4-15-82 (Vbolly-owned subsidiary of Common Stock - All outstarrlingshares Rexnord Inc.) for cash at $9.00 net per share (Rexnord has entered into a Stock Purchase Agreement to acquire 1,207,810 shares (65.6%).

Parkway catpany Nova Real Estate InvestllentTrust (Falls Church, 4-16-82 VA) Shares of Beneficial Interest - All outstanding for cash at $5.50 net per share (Parkway presently a.ms 64,853 shares.)

* An.ac::cIlJl Micrographics, Inc. OSI Corporation (Nashville, TN) 4-19-82 Ana.oc:Ilp, Inc., Parent Common Stock - All outstarrlingshares for cash at $6.25 net per share (Alrended offer increased the price fran $5.00 net per share.)

Roth Corporation Baker Bros., Inc. (Jacksonville, FL) 4-20-82 Common Stbck - All outstanding shares for cash at $10.50 net per share (Roth presently a.ms 408,400 shares (33.1%)

.I\lrericanGeneral Corporation NLT Corporation (Nashville, TN) 4-21-82 Common Stock - All outstanding shares (Exchange offers 0.8 of a share of American General Camnn Stock or 1.0 share of Arrerican General $3.50 Conv. Preferred for each NLT share. .I\lrericanGeneral presently a.ms 3,150,916 shares.)

NEWS DIGEST, May 5, 1982 5 ACQUISITION REPORTS CONT.

Companies and individuals must report to the Commission within 10 days on Schedule l3D if after the acquisition of equity securities of a public company their benefi- cial interest th~teinexceeds5%. Persons~eligible to use the short form (Schedule 13G) may in lieu of filing a Schedule 130 file a Schedule 13G within forty-five days after the end of the calendar year in which the person became subject to Section 13(d) (1). The following companies or individuals filed Schedule 13D's during the period AFril 9 - 15, 1982 . The number of shares of the security which are bene icially owned, and the number of shares concerning which there is a right to acquire are set forth for each beneficial owner. *Amended Acquisition Reports.

REPORTING a:MPANY OR INDlVIOOAL ISSUER & NUl-mER OF SHARES DATE FILED * SocietEf~ale de Belgique S.A. Genstar Corporation (san Francisoo, CA) 4-9-82 (Belgiun) Common Stock - 4,867,828 shares (15.9%)

* First Wilshire Securities Guardian Packaging Corporation (Newark, CA) 4-9-82 ManagE!OOIlt, Inc. Cammon Stock - 231,016 shares (30.34%) Frederick L. Astman Noble B. Trenharn

* Southmark Properties Leroy ProP3rties s Developnent Corp. 4-9-82 (Los Angeles, CA) Ccr'!roro Stock - 1,253,401 shares (29.4%)

* WeIner Thiessen Permscar Ccnpany (Philadelphia, PA) 4-9-82 Common Stock - 1,089,467 shares (39.3%)

* B. F. Saul catpany B. F. Saul Real Estate Investment Trust 4-9-82 Columbia Securities Canpany (Chevy Chase, M) of Washington, OC Shares of Beneficial Interest - 1,788,914 (29.76%) Klingle Corporation Shares of Beneficial Interest - 6,581 Columbia Credit Co., et al on conversion of Debentures

SUn Life Insurance Canpany of Standard Brands Paint Co. (Torrance, CA) 4-9-82 America Cammon Stock - 366,037 shares Sun Life Group of America, Inc. Kaufman s Broad, Inc., Parent

Jose J. Yglesias Sysoon Corporation (Washington, OC) 4-9-82 Cammon Stock - 651,140 shares (24.1%)

Edwin E. Tritch Sysoon Corporation (Washington, OC) 4-9-82 Cammon Stock - 243,000 shares

* Chris-<:raft Industries, Inc. United Television, Inc. (Minneapolis, MN) 4-9-82 BH::, Inc. Cammon Stock - 5,509,027 shares (46%)

L-P Associates Van Schaak & Canpany (Denver, CO) 4-9-82 Leon M. Bronfin Cammon Stock - 101,500 shares Patrick D. Broe

* Bridget B. Baird, Individually AVM Corporation (Jamest.cMn,NY) 4-12-82 and as Trustee Cammon Stock - 163,970 shares (10.97%) Brent D. Baird, Individually, Trustee and as Custodian Cameron Baird Foundation, et al

Ann Kirby Kirby, Individually, (NYC) 4-12-82 Co-Trustee and as Custodian Common Stock - 710,667 shares

Harry J. Nelson American Beef Packers, Inc. (Oakland, IA) 4-12-82 Class A Cammon Stock - 9,300 shares

Marline Resources Co., Inc. American Fiber Optics Corporation (Signal Hill, 4-12-82 CA) Common Stock - 308,000 shares (17.9%)

6 NEWS DIGEST, May 5, 1982 ACQUISITION REPORTS CONT.

* I.aI:'bard Place Securities Ltd. UMEl' Trust (Beverly Hills, CA) 4-12-81 (U.K.) Shares of Beneficial Interest - 976,726 (20.9%)

* David C. Brown, Jr. Washington Corp. (Chevy C1ase, MOl 4-12-82 CCImon Stock - 150,400 shares

* Q)ldman, Sachs & Co. ~rcester Banoorp (~rcester, MA) 4-12-82 CCImon Stock - 98,383 shares

Alexis Eliopulos Beverly Hills Savings & Loan Assn. 4-13-82 (Beverly Hills, CA) Guarantee Stock - 59,300 shares

Gary W. Nielsen Beverly Hills Savings & Loan Assn. 4-13-82 (Beverly Hills, CA) Guarantee Stock - 56,357 shares

* RcDert W. Wilson GroUer Inoorporated (Danbury, CT) 4-13-82 CCImon Stock - 963,200 shares

* Swiss American Securities Inc. Safeguard Scientifics, Inc. (King of Prussia,4-13-82 (\'b)lly-owned subsidiary of PAl Credit Suisse (SwitzerlaIXl) CCImon Stock - 2,000,200 shares (44.7%) CCImon Stock - 222,700 shares on exercise of warrants (Swiss American has purchased by foreclosure above shares for its own account.)

* Lee Gray Transoo Realty Trust (Boston, MA) 4-13-82 Shares of Beneficial Interest - 155,953

* J. ~rton Davis American Electraredics Corp. (Great Neck, NY)4-14-82 CCImon Stock - 150,400 shares (15%)

* lbffman-La Roche Inc., Parent Bicm:rli.cal Reference Laboratories Inc. 4-14-82 HLR Lab Holding, Inc. (Burlington, N:) (COntrolled by F. Hoffmarm-La Roche CCImon STock - 506,663 shares & Co. Ltd. (Switzerlarxl) (lbffman has entered into agreements to acquire 1,801,643 shares.)

* Gulf + Western Industries, Inc. Brunswick Corporation (Skokie, IL) 4-14-82 Charles G. B1ulWm CCImon Stock - 1,237,376 shares (10.68%)

* Seemala Corporaticn Co1urbia Pictures Industries, Inc. (NYC) 4-14-82 (\'b)lly-owned subsidiary of CCImon Stock - 710,342 shares Ivan F. Boesky Corporation)

* Bass Brothers Enterprises, Inc. Drew National Corp. (MUte Plains, NY) 4-14-82 CCImon Stock - 11,686,000 shares (53.3%)

* Orton/M:Cullough Crane Co., Inc. Hein Wemer Corporation (waukesha, WI) 4-14-82 CCImon Stock - 81,102 shares

William G. Ririe Lane W:xxis, Inc. (Dallas, TX) 4-14-82 CCImon Stock - 67,317 shares

Arthur D. Dni1 Realamerica Co. (Lexington, KY) 4-14-82 Shares of Beneficial Interest - 127,169 (11.6%)

Human Service Group, Inc. American Security Corporation (washington, 4-15-82 Melvyn J. Estrin OC) CCImon Stock - 187,600 shares

Craig K. Madson Chadron Energy Corporation (Chadron, NE) 4-15-82 Camon Stock - 3,813,500 shares

* Jerry Finkelstein Cl'xx:k Full O'Nuts Corp. (NYC) 4-15-82 Hames A. Finkelstein CCImon Stock - 296,800 shares Steven Baunan Burton M. Abrams

NEWS DIGEST, May 5, 1982 7 ACQUISITION REPORTS CONT.

T. Denny Sanford Contech, Inc. (Minneapolis, MN) 4-15-82 CommonStock - 1,207,810 shares (66.07%)

* De Rance, Inc. Delta Queen Steamboat Co. (Cincinnati, OH) 4-15-82 CommonStock - 124,900 shares (13.53%)

Saracens Ltd. (B.V.I.) Dillingham Corporation (Honolulu, HI) 4-15-82 Rosslyn Park Ltd. (B.V.I.) CommonStock - 1,495,200 shares

* Chemical New York Corporation Florida National Banks of Florida, Inc. 4-15-82 (Jacksonville, FL) Common Stock - 318,400 shares CommonStock - 2,575,166 shares on exercise of options and warrants

* James Rufus Buell Glasrock Medical Services Corp. (Atlanta, Q\) 4-15-82 Common Stock - 307,100 shares

* Altair Corporation Harvest Industries, Inc. (Wilrrette, IL) 4-15-82 Common Stock - 999,633 shares (77.42%)

* Gulf + Western Industries, Inc. &-:;.yes-A1J::,ionCorporation (Jackson, ~.r) 4-15-82 Charles G. B1uhdorn CommonStock - 325,000 shares

* General Cinema Corporation HeubleiL, Inc. (Farrington, CT) 4-15-82 (Controlle::l by Richard A. Smith CommonStock - 2,777,900 share3 (J2.8%) and Nancy L. 1-1arks)

Bal'mlan Batmangelidj (Iran) Interactive Systems oorpcrat.Lon (Littler.na, 4-15-82 CO) CommonStock - 21,800,00C sha1-p.s (34%)

* Martin IMyer, Jr., Irrli vidually Jamaica Water Properties, Inc. (Lake Success,4-15-82 and as Trustee NY) Mary T. Dwyer CommonStock - 384,324 shares (16.5%) Elizabeth T. Dwyer Henry B. E. Dwuer, et a1

* L' Air Lil.quide, S.A. pour l' Etl.rle and Liquid Air Corporation (San Francisco, CA) 4-15-82 l'Exp1oitation des Precedes George CommonStock - 7,967,406.5 shares C1al.rle (France) CommonStock - 375,000 shares on conversion of Preferred Stock CommonStock - 93,750 shares on exercise of options

Paul J. Kwasnick Mars Stores, Inc. (New Bedford, MA) 4-15-82 CommonStock - 70,000 shares CommonStock - 130,000 shares on exercise of options

* Shufro, Rose & Ehnnan Mirro Corporation (Manitowoc, WI) 4-15-82 CommonStock - 718,731 shares (30.19%)

Wilco Properties, Inc. Pratt-Read Corporation (Ivoryton, CT) Common Stock - 66,300 shares Conv. Preferred Stock - 15,200 shares

* Chesapeake Insurance Co. Ltd. Royal Crown CcInpanies, Inc. (Atlanta, Q\) 4-15-82 (Benm.rla) CommonStock - 1,275,860 shares (15.6%) Southeastern Public Service Co. M; Corporation

Societe Holding Gray d'Albion S.A. Saunders Leasing Systan, Inc. (Binningham, AL)4-15-82 (France) Class A Common Stock - 637,566 shares (21.1%) General Truck.lease, Inc. Class B Cammon Stock - 737,566 shares (21.1%)

8 NEWS DIGEST, May 5, 1982