FEB.- 2 0 ’ 97 (THU) 10:43 TEL: 0 P. 002

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BUSINESS ROUNDTABLE

The Business Roundtable is an organization that consists of many of the most profitable and influential in the world. The members groups include manufacturers such as , Motorola, Hewlett-Packard, Allied Signal, and Raytheon, and pharmaceuticals such as Bristol-Myers Squibb, Abbott Laboratories, and Eli Lilly. Also seated at the Business Roundtable are chemical manufacturers such as DuPont, Dow Chemical, Eastman Kodak, Kerr-McGee, and Occidental Petroleum.

BUSINESS ROUNDTABLE PROFITS In 1995, almost all Business Roundtable corporations experienced record profits. The twelve with the greatest profits for Fiscal Year 1995 are General Motors, followed by , Exxon, Philip Monis, IBM, Ford, Citicorp, Merck & Co, DuPont, Coca- Cola, BankAmerica, Procter & Gamble, each with profits over $2,6 billion. General Motors leads die pack with profits of $6.8 billion, which is also the total budget for FY 97 for the Environmental Protection Agency. While each of the top dozen has profits over $2.6 billion, the budget for environmental programs and management, including a majority of EPA’s enforcement activities, is $1.7 billion. For the 211 members of the Business Roundtable for whom data was available, the average profit for FY 95 was $780,452,344. In comparison, the FY 97 budget for the Food and Drug Administration is $887,615,000. The FDA is responsible for protecting the food and drug supply for 260 million Americans. 39 corporations of the Business Roundtable belong to a separate association, the National Association of Manufacturers, which also has played a lead role in trying to pass so-called “Regulatory Reform.” The average profit for FY 1995 of the Business Roundtable/National Association of Manufacturers members is $1.29 billion. In contrast, the Environmental Protections Agency’s budget for clean water state revolving funds, which is used for grand; and loans to state water programs is $1.35 billion.

BUSINESS ROUNDTABLE CEO COMPENSATION During the same time of record profits, the top executives of many of these major corporations saw their CEO paychecks expand greatly. An April 1996 Business Week survey of CEO pay reports that over the 1990 - 1995 there was a 92% rise in compensation. For the Business Roundtable corporations, the average yearly compensation for CEOs, including salary and bonuses was $3,527,792, which means a paycheck of $135,682 for the lucky few who sit at the top of a ’s organizational chart. The dozen Business Roundtable corporations with the most generous CEO compensations for fiscal year 1995 are: General Electric with $22,062,000, followed by Goodyear, Hercules, Colgate-Palmolive, IBM, Coca-Cola, Travelers Group, Morgan-Stanley, BankAmerica, Pepsico, GTE, and Eastman Kodak, each with CEO annual salary and delayed or long-term compensation totaling more than $11,275,000. The combined CEO compensation for these major manufacturing, automotive, chemical manufacturing, and other representatives of major sectors of the economy totals $ 164,826,700 for FY 1995. FEB. -20! 97(THU) 10:43 TEL: 0 P. 003

The combined 1995 compensation for the 211 Business Roundtable CEOs is over $691 million. In contrast, the Occupational Safety and Health Administration, which regulates and protects many of America’s workers from workplace accidents, toxic exposure, and extreme work conditions has a FY 1997 budget of approximately $325 million.

BUSINESS ROUNDTABLE STOCK PERFORMANCE From the Business Roundtable Proxy statements the twelve corporations with the highest stock performance from December 31, 1990, to December 31 1995 are Hurrah’s Entertainment, with stock growth of 582%, followed by Union Carbide, Chase Manhattan, Premark International, Travelers Group, Hercules, Citicorp, Merrill Lynch, Ceridian, Nike, Goodyear, and Chrysler, each with 5-year stock performance of over 400%.

Last year Congress passed several regulatory relief bills that provide flexibility and oversight for those businesses that need it the most — small business. However, CEOs, large corporations and their Washington D.C. lobbyists are not satisfied with Congress’ track record. The Business Roundtable is forwarding a greed-driven legislative agenda that would drastically change the way that America protects public health and safety, the environment and worker safety.

The demand for so-called “Regulatory Reform” is a call from greedy corporations as pay­ back for the $30 million in campaign contributions the corporations made during the last election cycle. This effort, in sum, is because corporations are not willing to pay their fair share to protect the environment, despite the evidence that corporations are experiencing record profits.

In addition, public sentiment is clearly in the camp that big corporations are not over­ regulated. Three recent statewide polls in Louisiana, Georgia, and Connecticut clearly demonstrate the mistrust and suspicion the general public feels toward big business. When offered two opposing views as to why big business lobbies to loosen environmental regulations, voters overwhelmingly choose the statement “it is because companies are greedy, and are trying to avoid paying the cost of complying with environmental laws” over “it is because the regulations are too burdensome, unnecessary, and prevent companies from creating jobs.” 66% of Louisiana voters, 66% of Connecticut voters, and 63% of Georgia voters agree with die former statement. *

The information compiled on the member companies of the Business Roundtable comes from three sources: the Fortune Guide to the 500 largest U.S. Corporations, the March 25, 1996 Business Week: “The Business Week 1000 Most Valuable Companies,” and the April 22, 1996 Business Week “Executive Compensation Scorecard.” The remainder of the information came from Environmental Working Group’s download of data from Securities and Exchange Commission’s EDGAR on-line. The forms that were used were the DEE 14A forms, or Proxy statements. The information from the Fortune and Business Week articles were also compiled from these filings, according to the magazines. Comprehensive data on 1996 profits and compensation will be available circa March 1997. * The public opinion polls were designed and administered by The Mellman Group, Inc. The surveys were conducted in Georgia from December 10-12 1996, and Connecticut and Louisiana from January' 4-6, 1997 Sheetl

Annual Salary &. Long Term Company Annual Profits c e o Sextus Comp Compensation Headquarters ...... General Motors 6,881,000,000 John F. Smith, Jr. 3,304.000 2,300,000 5,604,000 Detroit m General Electric 6,573,000,000 John F. Welch, Jr, 5,321,000 16,741,000 £2,062,000 Fairfield CT Exxon 6,470,000,000 Lee R Raymond 2,493,000 4,567,000 7,060,000 Irving TX Philip Morris 5.450,000,000 Geoffrey C. Bible 2,497,000 O 2,497,000 New York NY IBM 4,178,000.000 Louis V. Gerstner. Jr. 4,775,000 8,452,000 13,227,000 Armonk NY Ford 4,139,000,000 Alex Trotman 4,835,000 456,000 5,341,000 Dearborn Ml Citicorp 3,464,000,000 John S. Reed 4,300,000 3,838,000 8,138,000 New York NY Merck & CO 3,335,000,000 Raymond V. Gilmartin 2,100,000 0 2,100,000 Whitehouse Static NU Coca-Cola, 2,886,000,000 Roberto C. Goizueta 4,880,000 8,029,000 12,909,000 Atlanta QA BankAm erica 2,664,000,000 David A. Coulter 4,542,000 7,313,000 11,855,000 Procter & Gamble 2,645,000,000 John E, Pepper, Jr. 2,874,000 1,108,000 3,982,000 Cincinnati OH American International Group 2,510,000,000 Maurice R, Greenberg 4,150,000 6,834,000 .10,984,000 Hewlett-Packard 2,433,000,000 Lewis E. Platt 1,531,000 2,101,000 3,632,000 Palo Alto CA Johnson & Johnson 2,403,000,000 Ralph S. Larsen 2,675,000 O 2,675,000 New Brunswick NJ Mobil 2,376,000,000 Lucio A. Noto 1,601,000 1,538,000 3,139,000 Fairfax VA Eli Lilly 2,291,000,000 Randall L. Tobias 2,009,000 1,698,000 3,707,000 Indianapolis IN The Dow Chemical Company 2,078,000,000 William S. Stavropolous 1,332,000 927,000 2,919,000 Midland M Chrysler 2,035,000,000 Robert J, Eatc-n 3,678,000 435,000 4,113,000 Aubom Hills M Ameritech 2,008.000,000 Richard C. Notebaert 1,968,000 5,984,000 7,952,000 Chicago IL Nationsbank 1,950,000,000 Hugh L. McCall, Jr. 3,500,000 0 SjSOOjOOOjCharloite NC Amoco 1,862,000,000 H. Laurance Fuller 890,000 0 890-OOojchicago IL Bell Atlantic 1 ,B50,000,000 Raymond W. Smith 1,314,000 263,000 2,177:0 001 Philadelphia PA Travelers Group 1,834,000,000 Sanford J. Weill 12,027,000 3,000 12,030,OOO’New York NY Bristol-Myers Squibb 1,81 2,000,000 Charles A. Heimbold, Jr, 2,359,000 0 2,359,000 New York . NY Sears, Roebuck 1,801,000,000 Arthur C. Martinez 2,197,000 3,034,000 5,231,000 Hoffman Estates IL Motorola 1,781,000,000 Gary. L. Tooker 965,000 152,000 1,117,000 Schaumburg IL Abbott Laboratories $1,689,000,000 Duane L. Burnham 2,232,000 0 $2,232,000 Abbott Park IL American Home Products 1,680,000,000 John R. Stafford 2,370,000 2,579,000 4,949,000 Madison NJ PepsiCo 1,606,000,000: Roger A. Enrico 3,453,000 7,966,000 11,419,000 Purchase Mr i A * ;|ir__. Pfizer 1,573,000,000 ViiciicHl Yx. ofernfcr, vfl. 3,115,000 5,403,000 8,524,000 New York NY

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American Express 1,564,000,GO()|Hanrey Golub 2,987,000 4,907,000 7,894,000 New York NY The Williams Companies 1,318,000,000.'Keith E. Bailey 822 000 830,000 1 ,652,000 Tuisa |GK J.F. Morgan 1,296.000,000 Douglas A. Warner, Jit 2.407,000 3,305,000 5,712,000 New York NY - State Farm 1,271,000,000 Edward B. Rust, Jr. Bloomington iL Eastman Kodak 1,252,000,000 'George M. C. Fisher 4.282 000 5.993,000 11,275,000 Rochester NY Chase Manhattan 1,185,000,000 Walter V. Shipley New York —------NY International Paper 1,153,000,000 John T. Dilion 2,335 000 1,1 34,000 3,469,000 Purchase NY Caterpillar Donald V. Fites 1,136,000,000 1 568 000 1,527,000 3,095,000 Peoria If Merrill Lynch 1,114,000,000 □ anie! P. Tuify 5,144 000 1,212,000 6,356,000 New York NY The Soul hem Company 1,103,000, ODO A.W. Dahlberg 849,000 866,000 1,715,000 Atlanta GA Texas Instruments 1,088,000,000 Thomas J. Engtbous _____2,542,0Q0 7,714,000 10,256,000 Dallas TX United Parcel Service 1,043,000,000 Kent C. Nelson Atlanta GA Wells Fargo 1,032,000,000 Paul Hazan 2,313,000 0 2,813,000 San Francisco CA Georgia-Pacific 1,018,000,000 A. D. Cornell • 2,467,000 0 ' 2,467,000 Atlanta GA ColumOia/HCA Healthcare 961,000,000 Richard Scott 1,215,000 870;000 2,065,000 Nashville TN Union Facjfic 946,aOO.OOO,Drew Lewis 2,690 000 ■o 2,690,000 Bethlehem PA Chevron 930,000,000 Kenneth T. Derr 1,721,000 1,956,000 3,679.000 San Francisco CA Union Carbide 925,000,000 William H. Joyce 1,999,000 433,000 2,432,000 Danbury CT Emerson Electric 908,000,000 Charles F. Knight 2,046,000 0 . 2,046^000 St. Louis M3 AlliedSignat 875,000,000 Lawrence A, Bossldy 4,408,000 4,056,000 8,464,000 Morristown NJ J.C, Penney 838,000,000 James E. Oesterreicher Plano TX Sara Lee 004,000,000 John H. Bryan 2,221,000 690,000 2,911,000 Chicago IL Quaker Oats 802,000,0001William Q. Smithburg 858,000 235,000 1,093,000 Chicago IL Reader’s Digest 793,000,000 James P. Scbadt 1,049,000 954,000 2,003.000 Pleasantville NY Raytheon 793,000,000 Dennis J. Picard Lexington MA Champion International 772,000,000 Richard E. Olson Stamford CT PPG Industries 768,000,000 Jerry E, Dempsey 2,112,000 310,000 2,422,000 Pittsburoh PA United Technologies 750,000,000 George S. David 1,966,000 335,000 2,301,000 Hartford CT Phelps Dodge 747,000,000 Douglas G. Yearley 1,332,000 2,070,000 3,402,000 Phoenix AZ Rockwell 742,000,000 Donald R. BeaJI 2,852,000 0 2,852,000 Seal Beach CA Warner-Lambert 740.000,000 Melvin Ft. Goodes 1,722,000 1,849.000 3.571.000 Morris Plains NJ Monsanto 739,000,000 Robert B. Shapiro 1,921,000 775,000 2,696,000 St, Louis MO Edison international 739,000,000 John E. Bryson 1,407,000 O' 1,407,000 Rosemead CA

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Tenneco 735,000,000 Dana G. Mead 1,9(31,000 0 1,801,000 Greenwich o r Morgan Stanley 720,000,000 Richard B. Fisher 4 fS64f00Q 7,251,000 11,915,000 New York NY Duke Power 715,000,000 William H. Grigg 997,000 241,000 1,238,000 Charlotte NC Norfolk Southern 713,000,000 David R Goode 1,508,000 144,000 1,652,000 Norfolk VA Deere 706,000,000 HansW. Beeherer 1,813,000 1,133,000 2,946,000 Moline IL Lockheed Martin 682,000,000 Norman R. Augustine 2,917,000 1,974,000 4,691,000 Bethesda NO Baxter International 84 9,000,000 Veron R. Loucks, Jr. 1,873,000 0 1,873,000 Deerfield IL Anheuser-Busch 642,000,000 August A. Busch HI 1,611,000 213,000 1,830,000 St. Louis MD New York Life 625,000,000 Henry C. Hchn New York NT CSX 618,000,000 John W. Snow 1,384,000 3,474,000 4,858,000 Richmond VA Goodyear 611,000,000. Samir F, Gibara 2,220,700 14,343,000 16,563,700 Akron CH WMX T echnojogies - 604,000,000 Philip B. Rooney 3,630,000 0 3,630,000 Oak Brock IL The Prudential 579,000,000 Arthur F. Ryan Newark roj Eastman Chemical 559,000,000 Earnest W. Deavenport, Jr. 1,319,000 1,246,000 2,565,000 Kingsport TN FPL Group 553,000,000 James L. Broadhead 1,557,000 1 ,041,000 2,598,000 Juno Beach CA MCI 548,000,000 Bert C. Roberts, Jr. 2,422,000 0 2,422,000 Washington DC Sana One 541,000,000 John B. McCoy 2,395,000 137,000 2,532,000 Columbus OH American Brands 540,000,000 Thomas C. Hays 1,932,000 379,000 2,311,000 Old Greenwich CT American Electric Power . 530,000,000 E. Linn Draper 921,000 345,000 1,266,000 Columbus CH CPC International 512,000,000 Charles R. Shoe mate 1,366,000 2,433,000 3,799,000 Englewood Cliffs NJ Occidental Petroleum 511,000,000 Ray R Irani 3,754.000 2,553,000 6,307,000 Lcs Angeles CA Kellogg 490,000,000 Arnold S. Langho 1,645,000 2,393,000 4,038,000 Battle Creek M Textron 479,000,000 James F. Hardyman 2,397,000 1,571,000 3,968,000 Providence R Garnett 477,000,000 John J. Curley 1,660,000 1,195,000 2,855,000 Arlington VA Phillips Petroleum 469,000,000 W. Wayne Allen 1,238,000 560,000 1,798,000 Bartlesville OK Northwestern Mutual Life 459,000,000 James D. Milwaukee W1 Household International 453,000,000 William F. Aldinger 1,858,000 0 1,858,000 Prospect Heights IL Union Camp 451,000,000 W. Craig McClelland 1,228,000 422,000 1,650,000 Wayne NJ TRY/ 446,000,000 Joseph T. Gorman 4,893,000 779,000 5,672,000 Cleveland CH AMP 427,000,000 William J. Hudson, Jr. 1,155,000 1,029,000 2,184,000 Harrisburg PA Dominion Resources 425,000,000 Thomas E. Capps 942,000 132,000 1,074,000 Richmond VA Delta Air Lines 408,000,000 Ronald W. Allen 1,047,000 390,000 1,437,000 Atlanta GA Marsh & McLennan 403,000,000 A.J.C. Smith 2,237,000 1,339,000 3,576,000 New York NY

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Nike 400,000,000 Philip H. Knight 1,678,000 O 1,678,000 Beaverton CB 1,058,000 Sprint 1 335,000,000 William T. Esrey 1,556,000 2,614,000 Westward K3 Boeing - 393,000.000 Philip M. Condit 1,656,000 3,621,000 5,277,000 Seattle WA Hevnolds Metals 389,000.000 Jeremiah J . S h eehan 934.000 0 934,000 Richmond VA Illinois Tool Works 1 388,000,000 W, James Farrell 1,748.000 1,413,000 3,161,000 Glenview IL Browninq-Ferris 385,000.000 Bmce E. Ranck 1,718.000 591,000 2,307,000 Houston TX Carolina Power & Liaht 373,000,000 Sherwood H, Smith Jr. 998,000 279,000 1,277,000 Raleigh PC Air Products And Chemicals $368,000,000 Ha raid A. Wagner 1,327,000 347,000 $1,674,000 Alien town PA General Mills 367,000,000 Stephen W. Sanqer 610,000 19,000 629,000 Minneapolis m Boise Cascade 352,000,000 George G. Harad Boise ID Mead 350,000,000 Steven G. Mason 1,595,000 624,000 2,219,000'Dayton OH UAL 349,000,000 Gerald Greenwald - ! Elk Grove iL 0 Hon B y w e ll 334,000,000 Michael'R. Bcrtsignore 1,256,000 1,256,000 Minneapolis filN Dun & Brarislreel 321,000,000 Robert F. Weissman 1,332,000 . 1,332,000 2,964,000 Wilton CT .Dayton Hudson 311,000,000 Robert J. Ulrich Krotjsr 303,000,000 Joseph A, Pfchler Cincinnati CH Federal Express 298,000,000’Frederick W. Smith 1,312,000 0 1,312,000 Memphis TN Rohm and Haas 292,000,000 J. Lawrence Wilson 985,000 433,000 1,418,000 Philadelphia FA Dana 288,000,000 Southwood J, Morcctt 2,631,000 6,593,000 9,224,000 Toledo CH Hershey Foods 282,000,000 Kenneth L. Wolfe 1,078,000 4,453,000 5,531,000 Hershey PA Unum 281,000,000 James F. Orr 111 940,000 446,000 1,386,000 Portland inaersoli-Rand 270,000,000 James E. Perralla 1,561,000 148,000 1,709,000 Woodcliff Lake NJ Praxair 262,000,000 H, William Uchtenberger 1,704,000 275,000 1,979,000 Danbury CT Marriott international 247,000,000 J. Willard Marriott. Jr. 1,496,000 139,000 1,635,000 Washington DC Florida Progress 239,000,000 Jack B. Critchfield 972,000 466,000 1,438,000 St. Petersburg FL Premark international 230,000,000 James M. Ringler 1,120,000 0 1,120,000 Deerfield IL Fluor 232,000,000 Leslie G. McGraw ■1,756,000 508,000 2,264,000 Irvine CA Owens-Coming 231,000,000 Glen H. Miner • Toledo OH McG raw- Hill 227,000,000 Joseph 1. Dionne 1,594,000 1,413,000 3,007,000 New York W Black & Decker 224,000,000 Nolan D. Archibald 2,571,000 1,934,000 4,505,000 Towson MQ Cummins Engine 224,000,000 James A. Henderson Columbus JN FMC 216,000,000 Robert N. Burt 1,359,000 0 1,359,000 Chicago IL Bankers Trust 215,000,000 Frank N. Newman 649,000 1,906,000 2,755,000 New York NY

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Tyco international 21 4,000,000 L. Dennis Kozlowski 2,078,000 1,375,000! 3,453,000 Exeter M-f USX 214,000,000 Thomas J. Usher 1,580,000 1,838,000 3,418,000 Pittsburgh PA Cigna 211,000.000 Wilson H. Tayfor 2,447,000 146,000 "2,593,000 Philadelphia PA Whirlpool 209,000,000 David R. Whitwam 1,450,000 578,000 2,028,000 Benton Harbor Jvf Dresser industries 197,000,000.William E. Bradford 1,567,000 0 1,567,000 Dallas "DC Humana 190,000,000 David A. Jones 1,537,000 685,000 2,222,000 Louisville KY LTV 1 85,000,000 David H. Hoag i Cleveland CH Bethlehem Steel 180,000,030 Curtis H. Barnette Bethlehem PA Colgate-Palmolive 172,000,000 Reuben Msrk 1,955,000 13,083,000 15,068,000 Hew York MY Asarco 1 68,000,000 Richard de J. Osborne Mew York NY Circuit City Stores 168,000,000 Richard L, Sharp Richmond VA Halliburton 168,000,000 Dick Cheney ' Dallas TX AMR 167,000,000 Robert L. Crandall 699,000 300,000 999,000 Fort Worth TX Harris Corporation 155,000,000 Phillip W. Farmer 1,553,000 3,053,000 4,606,000 Melbur.ne FL ' Ryder System 148,000,000 M, Anthony Burns Miami FL ITT 1 47,000,000; Rand V. Araskog 4,582,000 5,344,000 • 9,926,000 New York NY Oiin 140,000,000 Donald W. Griffin Norwalk CT AT&T 139.000,000 Robert E. Allen 3,258,000 2,515,000 5,773,000 New York NY Armstrong World Industries 123,000,000 George A. Lorch Lancaster PA Digital Equipment 122,000,000 Robert B, Palmer 1,275,000 400,000 1,675,000 Maynard MA Cooper Industries 94,000,000 H. John Riley 791,000 177,000 968,000 Houston TX Aramark Corporation 94,000,000 Joseph Neubauer Philadelphia PA Burlington Northern Santa Fe 92,000,000 Robert D. Krebs Fort Worth TX Supervalu 43,000,000 Michael W. Wright Eden Prairie MM FoxMeyer Health 42,000,000 Melvyn J. Estrin . Carrollton 'TX Ashland 24,000,000 Paul W. Ghellgren Westing house 15,000,000 Michael H. Jordan 2,500,000 0 2,500,000 Pittsburgh PA NYNEX -1,050,000 Ivan Seidenberg 1,535,000 339,000 1,874,000 New York MY Maytag -21,000,000 Leonard A. Hadley Newton IA Caliber System -27,000,000 Daniel J. Sullivan Akron OH Kerr-McGee -31,000,000 Frank A. McPherson Oklahoma OK Coming -51,000,0001 Roger G. Ackerman Coming NY Time Warner -1S6,000,000]Gerald M. Levin 5,204,000 0 5,204,000 New York MY

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Penrtz oil i -305,000,000 James L. Pate TX 1 Houston W.R. Grace -326,000,000 Albert J. Costelio Bcca Raton FL Columbia Gas -361,00.0,000 Oliver G. Richard Wilmington 06 Xerox -472,000,000 Paul A. Allaire 4,251,000 1,795,000 6,046,000 Stamford lCT Morrison Knudsen -404,000,000 Robert A, Tlnstman Boise ID Malropolitaa Life insurance -550,000,000 Harry P, Kamen New York NY Unisys -625,000,000 James A. Unruh Blue Beil PA SBC Communications -330,000,000 Edward E. WJiitacre, Jr. 2,610,000 2,200,000 4,810,000 San Antonio TX BellSouth -1,232,000,000 John L. Ciendenin 1,588,000 2,735,000 4,303,000 Atlanta GA GTE -2,144.000,000 'Charies R Lee 2,301,000 0,007,000 11,308,000 Stamford CT Pacific Tefesis -2,312,000,000 Philip J. Quigley 1,416,000 .304,000 1,722,OOo!San Francisco CA DuPont John A. Krol 2,700,000 1.809,000 4,5Q9,OCO| Hercules ,R. Keith Elliott 1,977,000 13,218,000 15,195,000 Rubbermaid Wolfgang R. Schmitt 1,224,000 863,000 2,087,000 DPL Peter H. Forster 916,000 784,000 1,700,000 Potomac Electric Power Edward. F. Mitchell 663,000 136,000 999,000 Harrah’s Entertainment Philip G. Satre 614,000 2,673,000 3,287,000 3M Livio D. DeSimone A.O. Smith flbbert J. OToole ABB Peter S. Janson Paul H. O’Neil Arco Mike R Bowlin Bechtel Group Riley P. Bechtel BFGocdrich John D. Ong Ceridian Lawrence Perlman Cleveland-Cliffs M. Thomas Moore Esher Scientific International Paul M. Montrone Gencorp John B. Yasinsky Hallmark Cards Irvine O. Hockaday, Jr. M.A. Hanna Martin D. Walker McDermott Internationa) James L. Dutt Miiiiken Roger Miiiiken 1 Halco i E.J. Mooney 1

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National Semiconductor Brian L. Halla Pacific Enterprises Willis S. Wood, Jr. Perkin-Elmer Tony L White — Phih Robert D. Kunisdh R.Fi. Donnelley & Sons . John m. Rich man Schuller Charles L. Henry ShelJ Oil ^ Philip J. Carroll Ssfco industries Jeffrey P, Gotschall 1 Springs Induslriss Walter Y, Elisha The Equilable , Joseph J. Melons TLC Beatrice Loida N, Lewis U.S. West Richard D. McCormick Viad Corp John W. Teets - Warn a co Linda J. Wachner Witco i F. Gary Cook -

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