UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
OMB Number: 3235-0145
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
U.S. Healthcare
(Name of Issuer)
Common Stock, par value $0.005
(Title of Class of Securities)
91191017
(CUSIP Number)
c/o Richard D. Scribner, Salomon Brothers Inc
Seven World Trade Center,
New York, New York 10048
(212) 783-7400
(Name Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 16, 1996
(Date of Event with Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box. { }
Check the following box if a fee is being paid with the
statement. {x} (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13D-7.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-
1(a) for other parties to whom copies are to be sent.
<PAGE>
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in
a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
CUSIP No. 228255303
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Salomon Inc
22-1660266
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [X]
- ----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 8 SHARED VOTING POWER
No shares
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH 10 SHARED DISPOSITIVE POWER
No shares
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
No shares
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* { }
<PAGE>
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, HC
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Item 1. Security and Issuer.
The title of the class of equity securities to which
this statement relates is the common stock, par value $0.005 (the
"Common Stock"), of U.S. Healthcare, Inc., a Pennsylvania
corporation (the "Issuer") Common Stock. The principal executive
offices of the Issuer are located at 980 Jolly Road, P.O.
Box 1109, Blue Bell, Pennsylvania 19422.
Item 2. Identity and Background
(a-c, f) This statement on Schedule 13D is being filed
by Salomon Inc, a corporation organized under the laws of the
State of Delaware. All of the Common Stock reported herein is
directly beneficially owned by Salomon Brothers Inc ("SBI") and
Salomon Brothers Asset Management Inc ("SBAM"), each of which is
a corporation organized under the laws of the State of Delaware
and a wholly-owned subsidiary of Salomon Brothers Holding Company
Inc ("SBHC"), a corporation organized under the laws of the State
of Delaware, which is in turn a wholly-owned subsidiary of
Salomon Inc. The principal executive offices of each of SBI,
SBAM, SBHC and Salomon Inc are located, and principal business
activities conducted, at Seven World Trade Center, New York, New
York 10048.
SBI is a registered broker-dealer that succeeded to
the business of Salomon Brothers, a New York limited partnership,
on October 1, 1981. The principal business of SBI is the general
brokerage, dealer and investment banking business. SBAM is an
investment adviser registered under Section 203 of the Investment
Advisers Act of 1940, as amended. The principal business of SBAM
is providing investment advisory services. The principal business
of SBHC is the ownership of all the outstanding shares of common
stock of SBI and SBAM. The principal business of Salomon Inc is
the ownership of all outstanding shares of common stock of SBHC
and Phibro Energy USA Inc. (which owns four oil refineries in
Texas and London and other asset-based businesses) and the
conduct of commodities trading (concentrating on crude oil and
energy derivatives) through its Phibro Energy Division.
The names, citizenship, business addresses and
principal occupations or employments of each of the executive
officers and directors of SBI and SBHC are set forth in Annex A
hereto, which is incorporated herein by reference. The names,
citizenship, business addresses and principal occupations or
employments of each of the executive officers and directors of
Salomon Inc are set forth in Annex B hereto, which is
incorporated herein by reference. The names, citizenship,
business addresses and principal occupations or employments of
each of the executive officers and directors of SBAM are set
forth in Annex C hereto, which is incorporated herein by
reference.
(d-e) On May 20, 1992, SBI and Salomon Inc (together
"Salomon") consented, without admitting or denying any of the
allegations of the concurrently filed complaint, to the entry of
a Final Judgment of Permanent Injunction and Other Relief (the
"Final Judgment") in settlement of an action arising out of
alleged misconduct in auctions of U.S. Treasury securities and
government securities trading, brought by the Securities and
Exchange Commission (the "SEC") in the United States District
Court of the Southern District of New York, entitled Securities
and Exchange Commission v. Salomon Inc and Salomon Brothers Inc
(92 Civ. 3691 and Securities and Exchange Act Release No. 30721
(May 20, 1992)) (the "Treasury Matter"). Among other things, the
Final Judgment enjoins Salomon from violations of Section 17(a)
of the Securities Act of 1933 (the "1933 Act"), Section 10(b),
15(c)(1) and 17(a) of the 1934 Act and
<PAGE>
Rules 10b-5, 15c1-2, 17a-3 and 17a-4 promulgated thereunder.
Pursuant to the settlement, Salomon was required to pay a total
amount of $290,000,000, with $100,000,000 going to a fund for the
payment of private claims for compensatory damages arising out of
the U.S. Treasury auction and related matters and $190,000,000 to
the United States in payment of civil penalties under the
Securities Enforcement Remedies and Penny Stock Reform Act of
1990 and a forfeiture of assets to and settlement of claims with
the Department of Justice against SBI. On the same day, in other
related actions solely involving SBI, the SEC instituted and
settled an administrative proceeding relating to a failure to
supervise the persons responsible for the alleged misconduct, the
Federal Reserve Bank of New York announced the continuation of
SBI's primary dealer designation but a cessation of its trading
activity until August 3, 1992, and the Department of Treasury
announced that SBI would be permitted to resume bidding for
customers on August 3, 1992, having restricted SBI to purchasing
securities for its own account in U.S. Treasury auctions since
August 18, 1991.
In January and February 1993, SBI, without admitting
or denying any allegations, entered into consent agreements and,
in some states, consent orders with 41 state securities
regulators in settlement of certain claims in respect of SBI's
state broker-dealer registrations arising out of SBI's activities
described in the Treasury Matter. Pursuant to the settlement with
the states, SBI agreed, among other things, to (i) comply with
those provisions of the order issued by the SEC in the Treasury
Matter that imposed remedial sanctions with respect to alleged
violations of securities laws by former personnel of SBI in
auctions for United States Treasury Securities during 1990 and
1991; (ii) pay $50,000 to each state participant in the
settlement as reimbursement for costs of investigation related to
the Treasury Matter; and (iii) with respect to some states,
contribute $2,000,000 to a multi-state investor protection trust
fund to be created for the purpose of providing funds for
projects promoting the cause of investor protection.
Other than as aforesaid, during the last five
years neither Salomon Inc nor, to the best knowledge of Salomon
Inc, SBHC, SBI or any of the persons listed in Annexes A and B
hereto, has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or was a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which SBI, SBHC, Salomon
Inc or any of such persons was or is subject to a judgment,
decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such
laws. Item 3. Source and Amount of Funds or Other Consideration.
The net amount of funds used by SBI to acquire the
6,688,600 shares of Common Stock of the Issuer described in Item
5 is estimated to have been approximately $353,583,288. These
funds came from SBI's working capital, which in the normal course
includes the proceeds from day loans and demand loans entered
into in the ordinary course of business with numerous banks. Such
demand loans are secured virtually entirely by securities owned
by SBI. The net amount of funds used by SBAM to acquire the
500,000 shares of Common Stock of the Issuer described in Item 5
is estimated to have been approximately $20,950,000. These funds
came from clients with discretionary managed accounts at SBAM, on
whose behalf the Common Stock was purchased and to whom SBAM
provides investment advisory services.
<PAGE>
Item 4. Purpose of Transaction.
The Common Stock to which this Statement relates was
acquired by SBI in the ordinary course of its business in
connection with its investment and arbitrage and trading
activities and by SBAM in the ordinary course of its business on
behalf of a number of discretionary managed accounts for which
SBAM provides investment advisory services.
On March 30, 1996, the Issuer and Aetna Life and
Casualty Company ("Aetna"), announced that they had executed a
merger agreement pursuant to which each of Aetna and the Issuer
will become a wholly-owned subsidiary of Aetna Inc., a
Connecticut corporation newly formed for such purpose (such
transaction, the "Merger"). On July 18, 1996, each of Aetna and
U.S. Healthcare held a meeting of its stockholders at which the
Merger was approved, and on July 19, 1996, the Merger was
consummated, at which time each share of Common Stock of the
Issuer was converted into the right to receive 0.2446 shares of
common stock of Aetna Inc., 0.0749 shares of 6.25% Class C Voting
Preferred Stock of Aetna Inc. and $34.20 in cash.
Item 5. Interest in Securities of the Issuer.
(a-b) By reason of their relationship, Salomon Inc and
SBHC may be deemed to share voting and dispositive power with
respect to Common Stock owned by SBI and SBAM.
At 4:00 p.m., Eastern Daylight Savings Time, on July
16, 1996, SBI directly beneficially owned 6,688,600 shares of
Common Stock, SBAM directly beneficially owned 500,000 shares of
Common Stock and Salomon Inc indirectly beneficially owned
7,188,600 shares of Common Stock. According to the Joint Proxy
Statement/Prospectus filed by Aetna Inc. in its Registration
Statement on Form S-4, 139,842,375 shares of Common Stock were
issued and outstanding as of June 3, 1996. Based on such
information, the 6,688,600 shares of Common Stock directly
beneficially owned by SBI on July 16, 1996 represented
approximately 4.8% of the Common Stock outstanding, the 500,000
shares directly beneficially owned by SBAM on July 16, 1996
represented less than one percent of the Common Stock outstanding
and the 7,188,600 shares of Common Stock indirectly beneficially
owned by Salomon Inc represented approximately 5.1% of the Common
Stock outstanding.
Except as described above, neither Salomon Inc nor, to
the best knowledge of Salomon Inc, any of SBHC, SBI, SBAM or the
persons listed in Annexes A, B or C hereto beneficially owned any
Common Stock at 4:00 p.m., Eastern Daylight Savings Time, on July
16, 1996.
(c) The dates, numbers of shares and prices per share
for all purchases and sales of Common Stock from May 16, 1996
through 4:00 p.m., Eastern Daylight Savings Time, on July 19,
1996 are shown on Annex D hereto, which is incorporated herein by
reference. Except as otherwise noted on Annex D, all such
purchases and sales of Common Stock made by SBI and SBAM were
made on the National Association of Securities Dealers, Inc.'s
Nasdaq National Market System ("Nasdaq").
Except as described above, neither Salomon Inc nor, to
the best knowledge of Salomon Inc, any of SBHC, SBI, SBAM or the
persons listed on Annexes A, B or C hereto made any purchases or
sales
<PAGE>
of Common Stock from May 16, 1996 through 4:00 p.m., Eastern
Daylight Savings Time, on July 19, 1996.
(d-e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
Neither Salomon Inc nor, to the best knowledge of
Salomon Inc, any of SBHC, SBI, SBAM or the persons listed on
Annexes A, B or C hereto have any contracts, arrangements,
understandings or relationships (legal or otherwise) with any
person with respect to any securities of the Issuer. See Item 4.
Item 7. Material to Be Filed as Exhibits.
Not applicable.
<PAGE>
ANNEXES
A. Executive Officers and Directors of Salomon Brothers Holding Company Inc
and Salomon Brothers Inc
B. Executive Officers and Directors of Salomon Inc
C. Executive Officers and Dircectors of Salomon Brothers Asset Management Inc
D. Description of purchases and sales of Common Stock by Salomon Brothers Inc
and Salomon Brothers Asset Management Inc from May 16, 1996 through
4:00 p.m., Eastern Daylight Savings Time, on July 18, 1996.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in
this statement is true, complete and correct.
Dated: July 24, 1996
SALOMON BROTHERS INC
By
Name: Thomas W. Jasper
<PAGE>
July 1996
ANNEX A
EXECUTIVE OFFICERS AND DIRECTORS OF
SALOMON BROTHERS HOLDING COMPANY INC
AND SALOMON BROTHERS INC
Name and Title Principal Occupation
and Business Address
Jerome H. Bailey(1)
Chief Financial Officer and Chief Financial Officer and
Managing Director Managing Director
Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Chief Financial Officer
Salomon Inc
Seven World Trade Center
New York, New York 10048
Rodney B. Berens(1) (2) Managing Director
Managing Director Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Thomas W. Brock(1) Chairman and Chief Executive Officer
Managing Director Salomon Brothers Asset Management Inc
Seven World Trade Center
New York, New York 10048
Robert E. Denham(3) Director, Chairman and
Managing Director Chief Executive Officer
Salomon Inc
Seven World Trade Center
New York, New York 10048
Eric C. Fast(2) Managing Director
Managing Director Salomon Brothers Inc
Seven World Trade Center
<PAGE>
New York, New York 10048
Bruce C. Hackett(1) Managing Director
Managing Director Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
John L. Haseltine(1)(2) Managing Director
Managing Director Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Toshiharu Kajima(1)(4) Chief Executive Officer
Managing Director Salomon Brothers Asia Limited
Akasaka Park Building
2-20, Akasaka 5-chome
Minatu-Ku, Tokyo 107 Japan
Thomas W. Jasper Treasurer and Managing Director
Treasurer and Managing Director Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Deryck C. Maughan(1)(2)(3)(5) Chairman and Chief Executive Officer
Chairman and Chief Executive Salomon Brothers Inc
Officer Seven World Trade Center
New York, New York 10048
Kenneth K. Marshall(1) Chief Administrative Officer and Chief
Administrative Officer Managing Director
and Managing Director Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Eduardo G. Mestre(1) (2) Managing Director
Managing Director Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Peter J. Middleton(1) (5) Chief Executive Officer
Managing Director Salomon Brothers International
Limited
Victoria Plaza
111 Buckingham Palace Road
London, SW1B 0SB
England
<PAGE>
Robert H. Mundheim(1) Secretary and Managing Director
Secretary and Managing Salomon Brothers Inc
Director Seven World Trade Center
New York, New York 10048
Shigeru Myojin(1) (2) (4) Vice Chairman and Managing Director
Vice Chairman and Managing Salomon Brothers Inc
Director Salomon Brothers Asia Limited
Akasaka Park Building
2-20, Akasaka 5-chome
Minatu-Ku, Tokyo 107 Japan
The officers and directors of Salomon Brothers Holding
Company Inc ("SBHC") are the same as those for Salomon Brothers
Inc.
Citizenship
Except as footnoted below, each of the individuals listed
above is a citizen of the United States.
- ----------------------
(1) Member of the Management Board
(2) Member of the Operating Committee
(3) Member of the Board of Directors
(4) Citizen of Japan
(5) Citizen of Great Britain
<PAGE>
July 1996
ANNEX B
EXECUTIVE OFFICERS AND DIRECTORS
OF SALOMON INC
Principal Occupation
Name and Title and Business Address
Dwayne O. Andreas Chairman of the Board and
Director Chief Executive
Archer Daniels Midland Company
Box 1470
Decatur, Illinois 62525
Jerome H. Bailey Chief Financial Officer
Chief Financial Officer Salomon Inc
Seven World Trade Center
New York, New York 10048
Chief Financial Officer and
Managing Director
Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Warren E. Buffett(1) Chairman and Chief Executive
Director Officer
Berkshire Hathaway Inc.
1440 Kiewit Plaza
Omaha, Nebraska 68131
Richard J. Carbone Controller
Controller Salomon Inc
Seven World Trade Center
New York, New York 10048
Robert E. Denham(1) Director, Chairman and Chief
Director, Chairman and Chief Executive Officer
Executive Officer Salomon Inc
Seven World Trade Center
New York, New York 10048
Dr. Claire M. Fagin Leadership Professor
Director School of Nursing
University of Pennsylvania
Philadelphia, Pennsylvania 19104
John L. Haseltine Managing Director
Director Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
<PAGE>
Gedale B. Horowitz Senior Executive Director
Director and Executive Salomon Brothers Holding
Vice President Company Inc
Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Thomas W. Jasper Treasurer
Treasurer Salomon Inc
Seven World Trade Center
New York, New York 10048
Treasurer and Managing Director
Salomon Brothers Holding
Company Inc
Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Deryck C. Maughan(2) Chairman and Chief Executive
Director and Executive Officer
Vice President Salomon Brothers Holding
Company Inc
Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
David O. Maxwell Retired
Director c/o Salomon Inc
Seven World Trade Center
New York, New York 10048
William F. May(1) Chairman and Chief
Director Executive Officer
Statue of Liberty-Ellis
Island Foundation, Inc.
c/o Salomon Inc
Seven World Trade Center
New York, New York 10048
Robert H. Mundheim Executive Vice President and
Executive Vice President and General Counsel
General Counsel Salomon Inc
Seven World Trade Center
New York, New York 10048
Charles T. Munger Vice Chairman
Director Berkshire Hathaway Inc.
355 So. Grand Avenue
Los Angeles, California 90071
<PAGE>
Shigeru Myojin(3) Vice Chairman
Director Salomon Brothers Inc
Victoria Plaza
111 Buckingham Palace Rd.
London, SW1W OSB, England
Louis A. Simpson(1) Director, President and
Director Chief Executive Officer,
Capital Operations
GEICO Corporation
One Geico Plaza
5260 Western Avenue
Washington, D.C. 20076-0001
Robert G. Zeller(1) Retired
Director c/o Salomon Inc
Seven World Trade Center
New York, New York 10048
Citizenship
Except as footnoted below, each of the individuals listed above
is a citizen of the United States.
(1) Member of the Executive Committee
(2) Citizen of Great Britain
(3) Citizen of Japan
<PAGE>
ANNEX C
EXECUTIVE OFFICERS AND DIRECTORS OF
SALOMON BROTHERS ASSET MANAGEMENT INC
Name and Title Principal Occupation and Business Address
Rodney B. Berens(1) Managing Director
Director Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Thomas W. Brock Chairman and Chief Executive Officer
Chairman and Chief Executive OfficerSalomon Brothers Asset Management Inc
Seven World Trade Center
New York, New York 10048
Richard J. Carbone Controller
Treasurer Salomon Inc
Seven World Trade Center
New York, New York 10048
Vilas V. Gadkari Chief Investment Officer
Director Salomon Brothers Asset Management Ltd.
Victoria Plaza
111 Buckingham Palace Road
London, SW1B OSB
England
Michael S. Hyland President and Director
President and Director Salomon Brothers Asset Management Inc
Seven World Trade Center
New York, New York 10048
Zachary Snow Managing Director
Secretary Salomon Brothers Inc
Seven World Trade Center
New York, New York 10048
Citizenship
Each of the individuals listed above is a citizen of the United
States.
<PAGE>
ANNEX D
Part I
Set forth below are the purchases and sales of Common
Stock by SBI from May 16, 1996 through 4:00 p.m., Eastern
Daylight Time on July 19, 1996. ("P" means purchase, and "S"
means sale.)
Date P/S Number Price Per
of Shares Share
5/16/96 P 5000 52.9375
P 900 53.125
P 6100 53.125
P 2000 53
P 1000 53.125
P 500 52.9375
P 400 53.0625
P 20000 52.875
P 1400 53.125
P 4500 53.125
P 4000 53.125
P 2500 53
P 7500 53
P 400 53.0625
P 10000 53.0625
P 4200 53.0625
P 4200 53.125
P 6400 52.9375
5/17/96 P 2600 53.375
P 10000 53.375
P 1100 53.25
P 1900 53.375
P 1000 53.375
P 5600 53.375
P 3600 53.375
P 300 53.375
P 200 53.25
P 10000 53.125
S 3800 53.375
S 100 53.375
5/20/96 P 10000 53.4375
P 1000 53.625
P 1300 53.625
P 5000 53.625
P 4000 53.625
P 5000 53.625
P 2500 53.375
P 2000 53.375
P 25000 53.4375
<PAGE>
P 5000 53.625
P 5000 53.375
P 75000 53.5
P 200 53.5
P 700 53.375
P 4000 53.375
5/20/96 P 4200 53.5
P 700 53.5
P 3200 53.375
P 1400 53.375
P 5000 53.375
P 4200 53.375
P 1200 53.375
P 4100 53.5
P 275 53.5
P 10000 53.5
P 50 53.625
5/21/96 P 1335 53.75
P 500 54
P 3000 53.8125
P 600 53.8125
P 300 53.8125
P 2300 53.8125
P 10000 54
P 1000 54
P 400 54
P 500 54
P 3300 53.8125
P 1 53.625
P 7000 53.75
P 175000 54
P 25000 54.125
P 15000 53.625
P 100 54
P 1500 54.125
P 1000 54.125
P 50000 53.6875
P 1000 54.125
P 5000 53.8125
P 1800 53.75
P 4900 53.75
P 1300 53.75
P 45000 53.8125
P 100000 53.6875
<PAGE>
P 300 53.8125
P 700 53.8125
P 3000 54.125
S 600 53.75
S 400 54
S 3600 54
S 400 54.125
5/22/96 P 3000 54.125
P 6500 54.0625
P 200000 54.0625
P 12473 53.875
P 100 54.125
P 2500 54
P 100 54
P 1125 53.875
P 2500 54
P 150 54
P 1000 54
P 10000 53.875
P 5000 53.875
S 500 54.25
S 300 54.25
S 1000 54.25
S 100 54.1875
S 100 54.1875
S 500 54.1875
S 300 54.1875
S 5000 54.1875
5/23/96 P 10000 54.375
P 15000 54.5
P 155 54.5
P 15000 54
P 3000 54.375
S 10000 54.375
S 1000 54.25
S 2500 54.25
S 2000 54.5
S 1000 54.25
S 1000 54.25
S 1000 54.25
S 2200 54.25
S 600 54.0625
S 1000 54.5
S 1000 54.25
<PAGE>
S 2500 54.0625
S 200 54.0625
S 1400 54.0625
S 2000 54.0625
S 8400 54.0625
S 4000 54.5625
S 400 54.5625
S 500 54.5
5/23/96 S 1000 54.5
S 400 54.0625
5/24/96 P 500 54.125
P 50 54.1875
P 17100 54.25
P 10250 54.125
P 2000 54.125
P 2100 54.125
S 1200 54.125
S 1800 54.125
S 160 54.25
S 600 54.125
S 2000 54.1875
S 15000 54.1875
S 2000 54.1875
S 10000 54.1875
S 700 54.125
5/28/96 P 5000 54.0625
P 10000 54.25
P 40000 54.125
P 1700 54.3125
P 100 54.0625
P 1000 54.3125
P 1900 54.125
P 1500 54.25
P 1000 54.125
P 1900 54.0625
P 5200 54.0625
P 2800 54.0625
P 5000 54.125
P 2100 54.125
P 2000 54
P 1000 54.0625
P 400 54.25
P 1000 54.0625
P 3000 54.125
<PAGE>
P 1000 54.0625
P 400 54.25
P 1000 54.0625
P 600 54.0625
P 900 54.0625
P 3500 54.0625
P 500 54.125
P 100 54.125
P 5000 54.125
5/28/96 P 1200 54.1875
P 6800 54.1875
P 2300 54.125
P 3200 54.1875
P 3800 54.1875
S 10000 54.125
S 10000 54.125
S 5800 54.1875
S 5600 54.25
S 900 54.25
S 10000 54.125
S 10000 54.25
S 5000 54.1875
S 10000 54.375
S 10000 54.125
S 10000 54.25
S 23500 54.25
S 4000 54.25
5/29/96 P 2000 54
P 400 54
S 5700 54.0625
S 500 53.875
S 500 53.875
S 1000 53.9375
S 400 53.875
5/30/96 P 13100 54
P 5000 54.0625
P 1900 54
P 15000 54.125
P 800 53.75
P 14000 54
P 10500 53.75
P 3700 53.75
5/31/96 P 100 54.125
P 200 54.125
<PAGE>
P 300 54
P 100 54.125
P 100 54.125
P 1000 54.125
P 1900 54.125
P 1000 54.125
P 100 54.125
P 100 54.125
P 15000 54.125
P 5100 53.9375
5/31/96 P 400 54.125
P 1100 53.9375
P 700 53.9375
P 6000 53.9375
P 1000 53.9375
P 600 53.9375
P 500 53.9375
P 100 54.125
P 2500 54
P 100 54.125
S 5000 54.0625
S 2400 54
6/3/96 P 200 54
S 200 54.1875
S 200 54.125
S 3 54.125
S 200 54.125
S 2200 54.3125
6/4/96 P 10000 54.0625
P 5000 54.0625
P 1000 54.0625
P 8000 54.0625
P 20000 54.125
P 500 54.125
P 700 54
P 5000 54
P 7100 54.0625
P 500 54.125
P 1900 54.0625
P 2600 54.125
P 10000 54.0625
S 4500 54.125
S 200 54.125
S 3500 54.125
<PAGE>
S 3500 54.125
S 9500 54.125
S 25000 54.125
S 24000 54.125
6/5/96 P 17000 54.0625
P 300 54
P 10000 53.9375
P 15000 53.9375
P 1000 54
P 6000 54
P 8000 54.0625
6/5/96 P 100 54
P 6900 54
P 1700 54
P 10000 54
S 2500 54
S 2000 54
S 1000 54.125
S 5400 53.9375
6/6/96 P 300 54.25
P 10000 54.125
P 10000 54.125
P 21000 54.375
P 3400 54.375
P 600 54.375
S 845 54.375
S 10000 54.125
10000 54.125
6/7/96 P 10350 53.75
P 1500 53.75
P 3000 53.75
P 5500 53.75
P 5000 53.75
P 1000 53.625
P 5000 53.625
P 2300 53.75
P 1000 53.75
P 3500 53.75
P 1900 53.625
P 8100 53.625
P 14000 53.5625
P 600 53.5625
P 400 53.5625
<PAGE>
P 1000 53.875
P 20000 53.625
P 2800 53.75
P 4200 53.75
S 2500 53.875
S 3900 53.875
S 1400 53.75
S 3000 53.75
S 3100 53.6875
S 900 53.6875
S 10000 53.6875
S 6000 53.6875
S 2200 53.75
6/7/96 S 4000 53.6875
S 2800 53.75
6/10/96 P 4500 54
P 500 53.625
P 1000 53.75
P 10000 53.75
P 10000 53.375
P 15000 53.5
P 1000 53.625
P 500 53.625
P 3000 53.625
P 1000 53.375
P 1000 53.75
P 6300 53.5
P 100 53.75
P 5000 53.625
S 5000 53.6875
S 1500 53.6875
S 3000 53.6875
S 2000 53.625
S 1000 53.75
S 1000 53.75
S 200 53.8125
S 1000 53.75
S 200 53.875
S 95 53.875
S 6300 53.625
6/11/96 P 10001 53.875
P 1600 54.375
P 800 54.375
P 3000 53.875
<PAGE>
P 1000 54.375
P 1000 54.375
P 4800 54.375
P 300 54.375
P 200 53.875
P 5000 53.875
P 4450 54.125
P 1800 54.375
P 2900 54.375
P 2600 54.375
P 5000 54.375
P 500 54.375
P 1000 53.875
P 1000 54.375
6/11/96 P 3500 54.375
P 1000 54.375
P 1000 54.375
P 200 54.125
P 10000 54.375
P 3700 54.375
P 1000 54.375
P 1000 54.375
P 500 54.375
P 400 54.375
P 12000 54.375
P 4300 54.375
P 10000 54.4375
P 30000 54.4375
P 10000 54.4375
P 1000 54.375
P 9500 54.375
S 200 54.5
S 100 54.5
S 1000 54.125
6/12/96 P 14000 54.375
P 10000 54.4375
P 1100 54.4375
P 13900 54.4375
P 15000 54.4375
P 14500 54.4375
P 1000 54.375
P 7600 54.375
P 200 54.375
P 500 54.4375
<PAGE>
P 5600 54.375
P 475 54.375
P 5000 54.4375
P 500 54.4375
P 300 54.375
P 200 54.375
P 12600 54.4375
P 1400 54.4375
P 500 54.4375
P 15200 54.375
P 500 54.375
P 7300 54.375
P 5000 54.4375
S 700 54.625
S 6700 54.5625
6/12/96 S 100 54.625
S 500 54.625
S 4300 54.5625
S 92 54.625
6/13/96 P 20600 55.0353
P 30000 54.75
P 1800 55
P 1600 55
P 4020 55
P 1500 55
P 11845 54.875
P 1000 54.75
P 1000 54.875
P 3300 54.75
P 400 55
P 3000 54.75
S 7500 55
S 10000 54.875
S 3000 54.875
6/14/96 P 490 54.875
P 2700 54.875
P 80 54.875
P 175 54.875
P 120 54.875
P 5000 54.875
P 205 54.875
P 5000 55
P 3500 54.875
P 10600 54.875
<PAGE>
P 62850 54.875
P 25000 55
P 100000 54.75
S 10000 55
S 1200 55
S 2200 54.8125
S 2000 54.8125
S 3000 54.8125
S 100 55
S 1300 55
S 9800 54.8125
S 100 55
S 600 55
S 5000 54.9375
S 4400 54.9375
S 600 54.9375
6/14/96 S 1600 54.875
S 4100 54.875
S 5000 55
S 500 55.125
S 4000 55
6/17/96 P 15000 54.25
P 1000 54.75
P 15000 54.875
P 15000 54.875
P 15000 54.875
P 800 54.375
P 9000 54.375
P 1000 54.75
P 2000 54.625
P 10000 54.625
P 8000 54.875
P 5000 54.5
P 50000 54.375
P 2000 54.625
P 300 54.625
P 7000 54.875
P 200 54.375
P 200 54.375
P 3300 54.3125
P 200 54.5
P 4000 54.875
P 2000 54.625
P 32000 54.625
<PAGE>
P 15000 54.8125
P 8000 54.8125
P 2000 54.75
P 5000 54.75
P 16000 54.625
S 5000 54.875
6/18/96 P 2000 55
P 8000 55
P 1000 55
P 10000 55
P 100 55
P 2650 54.875
P 2000 55
S 2200 55
6/19/96 P 1000 55.125
P 6500 55.125
P 7000 55.125
6/19/96 P 300 55
P 22700 55
P 2000 55
P 7600 55
P 200 55.125
P 23700 55.125
P 25000 55.0625
P 5000 55.125
P 3300 55.125
P 25000 55.0625
P 4000 55.125
P 4200 55.125
P 500 55.125
P 1000 55
P 5000 55.125
P 5000 55.125
P 3000 55
P 2000 55
P 2650 55
P 17400 55
P 24900 55.125
P 20000 55.125
P 5300 55.125
P 3200 55
P 2260 55
P 500 55
P 6800 55
<PAGE>
P 3000 55
P 1000 55.125
P 2000 54.875
P 4800 55
P 20 55
P 7000 55
P 2500 55
P 900 55
P 3000 55
P 11600 55
P 25000 54.9375
P 3500 55.125
P 7800 55
P 13000 55.125
P 25000 55.125
P 26200 55
P 15000 55
P 500 55.125
6/19/96 P 1500 55.125
P 39800 55.125
P 10200 55.125
P 1500 55.125
P 300 55.125
P 13000 55.125
P 17200 55
S 5000 55.125
S 800 55.125
S 4800 55
6/20/96 P 25000 55.0625
P 200 55
P 200 55
P 24600 55
P 5000 54.9375
P 1000 54.75
P 1000 55
P 15000 55
P 1000 55
P 1000 55
P 1000 54.9375
P 3000 55
P 1800 54.9375
P 5000 54.9375
P 200 54.9375
P 100 54.625
<PAGE>
P 20000 54.875
P 20000 54.625
P 3000 55
P 22500 54.875
P 10000 54.75
P 18800 54.875
P 2100 55
P 10000 54.625
P 63200 54.875
S 14500 54.875
S 20000 54.6875
S 500 54.75
S 2000 54.75
S 10000 54.6875
S 500 54.8125
S 1000 54.875
S 600 55.0625
S 200 54.875
S 86 54.875
6/20/96 S 10000 54.8125
S 1400 54.8125
S 1400 54.875
S 700 54.75
S 100 54.8125
S 800 54.875
6/21/96 P 1000 54.875
S 1300 55
S 400 54.875
S 400 55
S 3100 54.875
S 2100 54.875
S 100 54.8125
6/24/96 P 2000 54.75
S 500 54.875
6/25/96 P 100 54.625
P 25000 54.75
P 25000 54.625
P 27750 54.625
S 11900 54.8125
S 700 54.875
S 5000 54.8125
S 400 54.75
S 10000 54.8125
6/26/96 P 5000 54.5
<PAGE>
P 1400 54.5
P 48900 54.5
S 1000 54.5
S 5000 54.5
S 300 54.6875
S 5000 54.5
S 2800 54.5
S 2500 54.5
S 500 54.5
S 500 54.5
S 2500 55
S 700 54.5
S 1400 54.5
S 4200 54.5625
S 1000 54.875
S 500 54.5
S 2000 54.5
S 1600 54.5
S 300 54.5
S 15000 54.5
6/26/96 S 5000 54.625
S 2000 54.5
S 800 54.5625
S 5000 54.5625
6/27/96 P 1100 55
6/28/96 P 600 54.875
P 200 54.9375
P 963 55
P 5000 55.125
P 10700 54.875
P 600 54.875
P 4900 54.9375
P 6800 54.9375
P 10000 54.9375
P 1500 54.9375
P 23900 54.875
P 2700 54.9375
P 45 54.875
P 4100 55.122
P 2500 55.125
S 1200 55
S 4800 55
S 400 55
S 63 55
<PAGE>
S 1700 55
S 58 55
7/1/96 P 3300 54.875
P 60 54.875
P 750 55.625
P 100 55.5
P 3360 55.5
P 3360 55.625
P 3360 55.25
P 3360 55.625
S 2500 55.5625
S 2000 55.375
S 1900 55.75
S 100 55.5
S 57 55.625
S 5000 55.625
S 100 55.75
S 2500 55.625
S 500 55.625
S 400 55.875
S 200 55.625
7/2/96 P 12000 55.25
P 6000 55.25
P 100 55.25
P 5100 55.0625
P 4400 55.25
P 17500 55.0625
P 100 55.5
P 100 55.5
P 2500 55.25
P 10000 55.5
P 2000 55.5
P 5000 55.375
P 6300 55.375
P 2100 55.375
P 10000 55.375
P 15000 55.5
P 1600 55.375
P 5000 55.25
S 600 55.125
S 4000 55.25
S 1200 55.125
S 500 55.5
S 500 55.125
<PAGE>
S 3000 55.1875
S 2000 55.1875
S 1900 55.1875
S 300 55.125
7/3/96 P 5000 55.125
P 44 55
P 14200 55.125
P 4500 55.125
P 1300 55.125
P 1600 55
S 100 55
7/5/96 P 510 54.75
S 640 55.125
7/8/96 P 50000 54.75
P 3000 54.5
P 2000 53.75
P 1000 54.625
P 1000 54.375
P 1000 54.125
P 250 53.75
S 100 54.4
S 100 54.375
7/8/96 S 69 54.25
S 1549 54.75
7/9/96 P 25000 53.625
P 8300 53.5
P 5100 53.625
P 3400 53.75
P 1000 53.625
P 13000 53.75
P 5000 53.375
P 45000 53.5
P 5000 53.25
S 1000 53.5
S 2500 53.5625
S 10000 53.5625
S 3200 53.5
S 7500 53.5625
S 1000 53.5
S 3900 53.375
S 1000 53.625
S 5000 53.375
S 200 53.625
S 1000 53.5
<PAGE>
S 300 53.5625
S 2000 53.75
S 8000 53.8125
S 1000 53.625
S 1000 53.625
S 1000 53.5
S 1500 53.5625
S 1000 53.5625
S 2200 53.5625
S 5000 53.625
S 1100 53.375
S 3500 53.75
S 900 53.75
S 2000 53.875
S 8000 53.8125
S 5000 53.875
S 1400 53.875
S 3500 53.75
S 6500 53.5625
7/10/96 P 10000 53.375
P 35000 53
P 30000 53.125
P 13000 53.5
7/10/96 P 100 53.125
P 10000 52.875
P 9000 53.125
P 30000 53
P 7500 53.125
S 2000 53.1875
S 1000 53.125
S 3000 53.1875
S 5000 53.1875
S 1000 53.125
S 1000 53.125
S 6500 53
S 3500 53.0625
S 20000 53.5
S 8300 53.0625
S 800 53.125
S 9400 53.125
S 9400 53.25
S 7200 53.25
S 5400 52.875
S 10000 53.1875
<PAGE>
S 2000 53.125
S 1000 53.125
S 6500 53.0625
7/11/96 P 18000 50.375
P 3000 50
P 1000 50.5
P 500 50.75
P 21000 50.5
P 9000 50.5
P 7000 50.375
P 24900 50.625
P 100 50.625
P 2500 50.75
P 12000 50.75
P 4000 50.5
P 17000 50.875
P 10000 50.75
P 5000 50.875
P 1000 51.5
P 1000 51.75
P 1000 52
P 5000 50.75
P 18700 50.75
P 1000 50.875
7/11/96 P 10000 51.875
P 8000 50.625
P 17000 50.625
P 2000 50.875
P 5000 48.375
P 11000 49.875
P 500 50
P 10000 50
P 500 50
P 1300 50.75
P 1000 50
P 1000 50.75
P 1000 49.5
P 1000 49.125
P 1000 48.75
P 1000 49
P 1000 49
P 4700 50.8125
P 5300 50.875
P 1000 50.625
<PAGE>
P 2500 50.5625
P 500 50.5625
P 1000 50.5625
P 10000 50.375
P 1000 48.5
P 10000 51.125
P 10000 52.75
P 10000 52.875
P 10000 52.875
P 10000 52.875
P 600 50.5625
P 10000 49.25
P 10000 52.625
P 10000 51
P 17500 49
P 17500 48.875
P 337 49.75
P 1000 49.625
P 1000 50
P 1000 50
P 20000 50.25
P 1000 49.875
P 1000 49
P 1000 48.875
P 1000 48.75
7/11/96 P 1000 50.5
P 1000 50.5
P 1000 50.25
P 1000 50.25
P 1900 50.625
P 1200 50.625
P 400 50.625
S 5000 50.125
S 3500 49.125
S 6500 49.125
S 1000 49.875
S 4000 49.625
S 5000 49.75
S 1600 49.625
S 400 49.625
S 1000 50.25
S 1000 49.875
S 1000 50
S 1000 50.5
<PAGE>
S 2500 49.25
S 1000 48.875
S 1000 50.75
S 1000 49.125
S 1000 49.625
S 2200 50.75
S 5000 49.5
S 1000 49.125
S 1000 49
S 1000 49.375
S 1000 50.375
S 1000 50.375
S 1000 50.375
S 500 49
S 9500 49
S 1000 49
S 1000 49
S 1000 48.75
S 1000 49.125
S 1000 50
S 2500 50.5
S 1000 50.75
S 1000 49
S 500 50.3125
S 2800 50.3125
S 2000 49.25
7/11/96 S 8600 51.125
S 1400 51.125
S 1000 50.375
S 5000 49.25
S 1000 50.5
S 1000 50.5
S 4000 49.75
S 5000 50.5
S 1000 50.75
S 2500 50.625
S 500 50.625
S 2000 50.625
S 5000 50.625
S 1000 50.75
S 1000 49.875
S 1000 51
S 1000 50
S 3200 51.25
<PAGE>
S 1000 51.25
S 6800 51.25
S 1000 51.25
S 500 49.25
S 2500 50.5
S 10000 50.875
7/12/96 P 25000 51.5
P 1000 51.625
P 4300 51.6875
P 8000 51.625
P 4000 51.625
P 1100 51.75
P 5000 51.75
P 5000 51.75
P 6000 51.625
P 7000 51.625
P 5000 51.75
P 1100 51.75
P 3000 51.625
P 3000 51.625
P 22000 51.625
P 14200 51.75
P 10000 51.6875
P 700 51.6875
P 10000 51.6875
P 7000 51.6875
P 1000 51.875
7/12/96 P 5000 52
P 1000 52.125
P 1000 52.125
P 11400 51.625
P 1000 51.875
P 10000 52
P 9000 51.625
P 9000 51.625
P 2000 52
P 1300 51.75
P 1000 51.875
P 1000 51.875
P 1000 51.875
P 1000 51.875
P 75000 51.75
P 500 51.125
P 3000 51.625
<PAGE>
P 600 51.75
P 2000 51.75
P 1000 51.625
P 2000 51.625
P 11300 51.875
P 3000 51.875
P 5000 51.875
P 7200 51.625
P 1000 51.875
P 11000 51.625
P 1500 51.625
P 10000 51.625
P 2000 51.875
P 1000 51.625
P 7000 51.875
P 9800 51.625
P 10000 51.625
P 500 51.625
P 2000 51.875
P 6000 51.875
P 10000 51.875
P 10000 51.625
P 9000 51.625
P 100 51.625
P 200 51.25
P 100 51.5
P 5000 51.75
P 300 51.625
7/12/96 P 100 51.75
P 1000 51.5
P 75000 51.5
P 800 51.75
P 2600 51.625
P 10000 51.75
P 150000 51.25
P 2500 51.625
P 1000 51.875
P 2600 51.75
P 500 51.75
P 1700 51.875
P 25000 51.875
P 25000 51.875
P 5800 51.75
P 25000 51.375
<PAGE>
S 5000 51.5625
S 6000 51.625
S 9000 51.625
S 5000 51.5156
S 7000 51.5
S 25000 51.5
S 5000 51.625
S 3900 51.5
S 10100 51.5
S 7300 51.5
S 2500 51.5
S 800 51.375
S 5000 51.375
S 1000 51.375
S 1000 51.375
S 4000 51.375
S 1000 51.625
S 10000 51.625
S 1000 51.625
S 10000 51.75
S 2200 51.625
S 1000 51.5
S 1000 51.625
S 200 52
S 4000 52
S 1000 51.625
S 1000 51.625
S 1000 52
S 1000 52
7/12/96 S 5000 51.75
S 1000 51.625
S 500 52
S 3700 51.6875
S 10000 51.6875
S 500 51.6875
S 1000 51.625
S 1000 51.875
S 1000 52.25
S 1200 52
S 3300 52
S 5000 52
S 1000 51.625
S 1100 51.75
S 9500 51.625
<PAGE>
7/15/96 P 2500 50.25
P 5000 50.25
P 10000 50.25
P 2500 50.125
P 5000 50.125
P 1000 51
P 5000 50.125
P 5000 50.125
P 10000 50.25
P 1300 50.25
P 1000 50.25
P 250 51.25
P 1000 50.25
P 13400 51.25
P 1000 50.5
P 2500 50.25
P 10000 50.25
P 12500 50.5
P 25000 50.25
P 25000 50.625
P 50000 50.875
P 12500 50.375
P 2700 50.25
P 25000 50.125
S 1400 50.3125
S 5000 50.3125
S 2500 50.3125
S 5000 50.3125
S 600 50.3125
S 1000 50.375
7/15/96 S 10000 50.25
S 3000 50.625
S 1000 50.375
S 7000 50.25
S 3000 50.25
S 1000 50.1875
S 9900 51.375
S 5000 51.3125
S 10000 50.5
S 1000 50.25
S 10000 51
S 5000 50.25
S 1000 50.25
S 8000 50.1875
<PAGE>
S 10000 50.625
S 2000 50.25
S 1000 50.875
S 10000 51
S 5000 51
S 4500 51.125
S 5000 50.875
S 900 50.6875
S 1000 50.375
S 5900 50.6875
S 1000 50.875
S 9100 50.6875
S 700 50.875
S 2000 50.6875
S 2100 50.6875
S 4300 50.875
S 4000 50.6875
S 10000 50.9375
S 1000 50.8125
7/16/96 P 1000 51
P 1000 51
P 5000 50.875
P 1000 51
P 3000 50.9375
P 1200 50.5
P 5000 51
P 11000 50.9375
P 25000 50.5625
P 25000 50.5
P 1000 50.25
P 2000 51
7/16/96 P 10000 51
P 6200 51
P 1200 51
P 10000 50.875
P 7000 50.875
P 1000 50.25
P 1000 50.25
P 3000 50.25
P 1000 50.5
P 5000 50.9375
P 30000 51
P 2400 50.625
P 1000 50.625
<PAGE>
P 1200 50.75
P 1000 50.625
P 7000 50.875
P 1000 50.875
P 11200 50.5625
P 5000 50.625
P 1000 50.75
P 25000 51.125
P 10000 50.875
P 10000 50.75
P 5000 50.625
P 20000 50.5
P 200 50.625
P 5000 50.25
P 15000 50.875
P 500 50.5625
P 2500 50.5625
P 800 50.5625
P 500 50.625
P 5000 50.75
P 5000 50.75
P 7000 50.75
P 5000 50.25
P 10000 50.25
P 10000 50.625
P 40000 50.625
P 10000 50.375
P 10000 51
P 1800 50.375
P 5100 50.1875
P 4000 50.25
P 2500 50.375
7/16/96 P 5000 50.375
P 2000 50.375
P 5000 50.375
P 18000 50.375
P 1000 50.125
P 1200 50.375
P 4000 50.125
P 3000 50.375
P 23000 50.125
P 10000 50.125
P 1000 50.5
P 500 50.5
<PAGE>
P 5000 50.5
P 5000 50.125
P 15000 50.5
P 7500 50.5
P 10000 50.5
P 1000 50.375
S 1000 51
S 1000 50.75
S 3000 51
S 1000 50.75
S 2400 50.75
S 5000 50.75
S 7000 51
S 5000 50.625
S 10000 50.625
S 5000 50.625
S 1000 50.75
S 11000 50.9375
7/17/96 P 5000 52.1875
P 6000 52.0625
P 6300 52.0625
P 4300 52.0625
P 1900 52.0625
P 3000 52.0625
P 1800 52.1875
P 1800 52.125
P 3200 52.1875
P 1000 51.75
P 500 52.125
P 6000 52.125
P 2500 52.1875
P 800 51.75
P 2000 51.75
7/17/96 P 1500 51.75
P 1000 51.6875
P 1500 52.0625
P 3300 52.0625
P 3200 52.0625
P 400 52.0625
P 7500 51.75
P 187 52
P 1000 52
P 5000 52.1875
P 10000 52.125
<PAGE>
P 3200 52.0625
P 2500 52.125
P 25000 52.222
P 10000 52.125
P 1500 52.1875
P 600 52
P 2400 52
P 1300 52
P 1400 52
P 2600 52
P 1100 52
P 3685 52.125
P 1000 52.125
P. 18 51.625
P 10200 52.0625
P 3000 52.125
P 3200 52.0625
P 800 52.125
P 3200 52.125
P 7000 52.125
P 2500 52.125
P 1200 52.125
P 3000 52.125
P 6000 52.125
P 3500 52.0625
P 11000 52.125
S 1600 52.125
S 1000 51.5
S 1000 51.75
S 150 52
S 8100 52.125
S 1600 52.125
7/18/96 P 9500 52.1628
P 1500 52.625
7/18/96 P 10000 52.75
P 30000 52.625
P 20000 52.625
P 20000 52.5
P 25400 52.625
P 18500 52.5
P 600 52.625
P 3000 52.625
P 20000 52.25
P 2300 52.5
<PAGE>
P 8800 52.75
P 7000 52.5
P 7300 52.625
P 700 52.625
P 20000 52.125
P 1200 52.75
P 800 52.75
P 4200 52.75
P 1000 52.5
P 1000 52.5
P 2000 52.625
S 6300 52.5
S 1000 52.625
S 15000 52.75
S 200 52.625
7/19/96 P 200 52.625
Except as otherwise noted, all purchases and sales of
Common Stock made by SBI were effected on Nasdaq.
Part II
Set forth below are the purchases and sales of Common
Stock by SBAM on behalf of discretionary managed accounts from
May 16, 1996 through 4:00 p.m., Eastern Daylight Time on July 19,
1996. ("P" means purchase, and "S" means sale.)
Date P/S Number of Shares Price Per Share
7/17/96 S 125000 52.0625
S 25000 52.0625
S 350000 52.0625
Except as otherwise noted, all purchases and sales of
Common Stock made by SBAM were effected on Nasdaq.
<PAGE>
