LSB INDUSTRIES INC
SC 13D, EX-99.1, 2001-01-18
INDUSTRIAL INORGANIC CHEMICALS
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EXHIBIT 99.1

JOINT FILING AGREEMENT

          In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including any and all amendments thereto) with respect to the Common Stock, par value $0.10 per share, of LSB Industries, Inc., and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.

          The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13D and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

          This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

          IN WITNESS WHEREOF, the undersigned have executed this Agreement as of January 9, 2001.

JAYHAWK INSTITUTIONAL PARTNERS, L.P.

By:  Jayhawk Capital Management, L.L.C.,
        Its general partner

By:  /s/ Kent C. McCarthy                          
       Kent C. McCarthy, Manager


JAYHAWK INVESTMENTS, L.P.

By:  Jayhawk Capital Management, L.L.C.,
       Its general partner

By:  /s/ Kent C. McCarthy                          
       Kent C. McCarthy, Manager


JAYHAWK CAPITAL MANAGEMENT, L.L.C.

By:  /s/ Kent C. McCarthy                          
       Kent C. McCarthy, Manager

/s/ Kent C. McCarthy                               
Kent C. McCarthy


Signature

          After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated:  January 9, 2001

JAYHAWK INSTITUTIONAL PARTNERS, L.P.

By:  Jayhawk Capital Management, L.L.C.,
        Its general partner

By:  /s/ Kent C. McCarthy                          
       Kent C. McCarthy, Manager


JAYHAWK INVESTMENTS, L.P.

By:  Jayhawk Capital Management, L.L.C.,
        Its general partner

By:  /s/ Kent C. McCarthy                          
       Kent C. McCarthy, Manager


JAYHAWK CAPITAL MANAGEMENT, L.L.C.

By:  /s/ Kent C. McCarthy                          
       Kent C. McCarthy, Manager

/s/ Kent C. McCarthy                               
Kent C. McCarthy



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