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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 17 )*
-----------
PACCAR, INCORPORATED
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- ------------------------------------------------------------------------------
(Title of Class of Securities)
693718108
----------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing 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).
*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 the
disclosures provided in a prior cover page.
The information required in 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).
SEC 1745 (2/95)
Page 1
4098904
<PAGE>
- -----------------------
CUSIP NO. 693718108 13G
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BankAmerica Corporation
94-1681731
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
3,811,153
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,049,647
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
10.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
HC
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2
4098904
<PAGE>
- -----------------------
CUSIP NO. 693718108 13G
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Seafirst Corporation (Seafirst Corporation merged into BankAmerica
Corporation on January 1, 1996)
91-0906215
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
State of Washington
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
3,794,754
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,967,627
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
10.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
HC
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3
4098904
<PAGE>
- -----------------------
CUSIP NO. 693718108 13G
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Seattle-First National Bank
91-0402650
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 3,722,342
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,380
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
3,794,754
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,967,627
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
10.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
BK
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4
4098904
<PAGE>
- -----------------------
CUSIP NO. 693718108 13G
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bank of America NT&SA
94-1687665
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 73,346
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
8,714
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
73,346
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
0.2%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
BK
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 5
4098904
<PAGE>
- -----------------------
CUSIP NO. 693718108 13G
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bank of America Oregon
93-0726262
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Oregon
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 6,150
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
6,150
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
6,150
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
BK
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 6
4098904
<PAGE>
- -----------------------
CUSIP NO. 693718108 13G
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bank of America Illinois
36-0947896
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 1,449
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
460
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,449
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
BK
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 7
4098904
<PAGE>
- -----------------------
CUSIP NO. 693718108 13G
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bank of America Trust Company of Florida, N.A.
59-2142868
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 1,075
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,075
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,075
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
BK
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 8
4098904
<PAGE>
SCHEDULE 13G
Item 1(a) Name of Issuer: Paccar, Incorporated
(b) Address of Issuer's 777 - 106th Avenue, N.E.
Principal Executive Offices: Bellevue, Washington 98004
Item 2(a) Names of Persons Filing: BankAmerica Corporation
("BAC")
Seafirst Corporation ("SC")
Seattle-First National Bank
("SFNB")
Bank of America NT&SA
("BANTSA")
Bank of America Oregon
("BAO")
Bank of America Illinois
("BAI")
Bank of America Trust
Company of Florida, N.A.
("BATCF")
(b) Addresses of Principal
Business Offices: (For BAC and BANTSA)
555 California Street
San Francisco, CA 94104
(For SC and SFNB)
701 Fifth Avenue
Seattle, Washington 98104
(For BAO)
121 S. W. Morrison Street
Portland, OR 97204
(For BAI)
231 South LaSalle Street
Chicago, IL 60697
(For BATCF)
2255 Glades Road
Boca Raton, FL 33431
(c) Citizenship: BAC is organized under the laws of
Delaware. SC is organized under the
laws of Washington. SFNB, BANTSA and
BATCF are organized under the laws of
the United States. BAO is a bank
chartered under Oregon state law. BAI
is a bank chartered under Illinois
state law.
Page 9
4098904
<PAGE>
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 693718108
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [X] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see (S)240.13d-1(b)(1)(ii)(F)
(g) [X] Parent Holding Company, in accordance with
(S)240.13d-1(b)(ii)(G) (Note: see Item 7)
(h) [ ] Group, in accordance with (S)240.13d-1(b)(1)(ii)(H)
Item 4 Ownership
(a) Amount Beneficially Owned:
BAC 4,049,647
SC 3,967,627
SFNB 3,967,627
BANTSA 73,346
BAO 6,150
BAI 1,449
BATCF 1,075
(b) Percent of Class:
BAC 10.4%
SC 10.2%
SFNB 10.2%
BANTSA 0.2%
BAO 0%
BAI 0%
BATCF 0%
Page 10
4098904
<PAGE>
(c) Number of shares as to which such
person has:
(i) sole power to vote or direct the vote:
BAC 0
SC 0
SFNB 3,722,342
BANTSA 73,346
BAO 6,150
BAI 1,449
BATCF 1,075
(ii) shared power to vote or direct the vote:
BAC 0
SC 0
SFNB 1,380
BANTSA 0
BAO 0
BAI 0
BATCF 0
(iii) sole power to dispose or direct
the disposition of:
BAC 0
SC 0
SFNB 0
BANTSA 0
BAO 0
BAI 0
BATCF 0
(iv) shared power to dispose or to
direct the disposition of:*
BAC 3,811,153
SC 3,794,754
SFNB 3,794,754
BANTSA 8,714
BAO 6,150
BAI 460
BATCF 1,075
Item 5 Ownership of Five Percent or Less of a Class.
If this statement is being filed to
report the fact that as of the date
hereof the reporting person has ceased
to be the beneficial owner of more
than five percent of the class of
securities, check the following [ ].
* The power to dispose or direct the disposition of shares is
shared between the parent company and its subsidiaries.
Page 11
4098904
<PAGE>
Item 6 Ownership of More than Five
Percent on Behalf of Another Person. Not Applicable.
Item 7 Identification and Classification
of the Subsidiaries Which Acquired
the Security Being Reported on by
the Parent Holding Company.
See Item 2. BAC is a registered bank holding
company. SFNB, BANTSA and BATCF are banks,
as defined in section 3(a)(6) of the Act.
SC, a bank holding company registered
under the Bank Holding Company Act, is
the parent of SFNB. Each of the preceding
entities, except for SFNB, are wholly-owned
subsidiaries of BAC. BAO is a bank chartered
under Oregon state law. BAI is a bank chartered
under Illinois state law.
Item 8 Identification and Classification
of Members of the Group. See Item 7.
Item 9 Notice of Dissolution of Group. Not Applicable.
Item 10 Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction having such
purposes or effect.
Page 12
4098904
<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.
BankAmerica Corporation
Dated: February 7, 1996 By /s/ JAMES H. WILLIAMS
--------------------------
James H. Williams
Executive Vice President
Bank of America NT&SA
Dated: February 7, 1996 By /s/ JAMES H. WILLIAMS
--------------------------
James H. Williams
Group Executive Vice
President
Page 13
4098904
<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.
BankAmerica Corporation (through successor in
interest by merger of Seafirst Corporation
into BankAmerica Corporation)
Dated: February 9, 1996 By /s/ JUDITH A. BOYLE
--------------------------
Judith A. Boyle
Counsel
Page 14
4098904
<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.
Seattle-First National Bank
Dated: February 2, 1996 By /s/ STANLEY A. CARLSON
--------------------------
Stanley A. Carlson
Senior Vice President,
General Counsel and
Corporate Secretary
Page 15
4098904
<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.
Bank of America Oregon
Dated: February 9, 1996 By /s/ JUDITH A. BOYLE
--------------------------
Judith A. Boyle
Counsel
Page 16
4098904
<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.
Bank of America Illinois
Dated: February 9, 1996 By /s/ RICHARD G. MANSKE
--------------------------
Richard G. Manske
Vice President and
Attorney-in-Fact
Page 17
4098904
<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.
Bank of America Trust Company of
Florida, N.A.
Dated: February 9, 1996 By /s/ JUDITH A. BOYLE
--------------------------
Judith A. Boyle
Counsel
Page 18
4098904
<PAGE>
Board of Directors Adopted: November 1, 1993
BankAmerica Corporation Last amended: August 1, 1994
GENERAL OPERATING AND BORROWING RESOLUTION (Excerpts from)
1. Any two BAC officers listed below under the designation "Group 1" (the
"Officers"):
GROUP 1
the Chairman of the Board
the Chief Executive Officer
the President
any Vice Chairman of the Board
any Vice Chairman
the Chief Financial Officer
the Treasurer
any Executive Vice President
any Senior Vice President
any Vice President
the Secretary
2. Any one BAC officer listed above under either the designation GROUP 1
or GROUP 2, or any member of the Legal Department of Bank of America NT&SA
holding the title of counsel or a title senior thereto be, and hereby is,
authorized to sign registrations, reports, certificates, applications and other
writings on behalf of BAC for submission to or filing with any federal, state,
local or foreign regulatory authorities, and any amendments, withdrawals, or
terminations thereof, as are deemed desirable by such officer or attorney in
connection with BAC's activities or affairs.
4126526
<PAGE>
Board of Directors September 20, 1984
Seattle First National Bank
GENERAL SIGNATURE RESOLUTION (Excerpts from)
RESOLVED THAT: Instruments, documents or agreements relating to or
affecting the property or business and affairs of this Corporation or of this
Corporation when acting in any representative or fiduciary capacity, may be
executed in its name, with or without its corporate seal, by the following
Officer or Officers within the scope of the signing authority described herein.
The general composition of the signature groups used is:
Group A: Executive Officer
Chairman of the Board, President, Vice Chairman of the Board Vice
President, Corporate Secretary and Cashier, or any officer so designated by
the Chief Executive Officer.
4126618
<PAGE>
Board of Directors November 7, 1994
Bank of America NT&SA
GENERAL OPERATING RESOLUTION (Excerpts from)
2. Regulatory Matters.
(a) Any ONE of the officers of the Bank listed below under the designation
Group III, or any member of the Legal or Tax Departments of the Bank
holding the title of counsel or a title senior thereto is authorized
to sign registrations, reports, certificates, applications and other
writings on behalf of the Bank for submission to or filing with any
federal, state, local or foreign regulatory authorities, and any
amendments, withdrawals, or terminations thereof, as are deemed
appropriate by the officer or member, except for applications for
letters patent, trademarks, copyrights, service marks, and similar
matters, which are addressed in paragraph (b) below.
4. Officer Group Designations.
As used herein the officer designations "Group I," "Group II," and "Group
III" consist of the officers listed below:
Group I
the Chairman of the Board
the President
any Vice Chairman of the Board
any Vice Chairman
the Chief Operating Officer
the Chief Financial Officer
any Group Executive Vice
President
any Executive Vice President
any Senior Vice President
any Managing Director
any Vice President
any Assistant Vice President
any Senior Authorized Officer
any Senior Trust Officer
any Trust Officer
4126528
<PAGE>
Board of Directors January 17, 1996
Bank of America Oregon
GENERAL OPERATING RESOLUTION (Excerpts from)
2. Regulatory Matters.
Any ONE of the officers of the Bank listed below under the designation
Group I, or any member of the Legal or Tax Departments of Bank of America NT&SA
holding the title of counsel or a title senior thereto is authorized to sign
registrations, reports, certificates, applications and other writings on behalf
of this Bank for submission to or filing with any federal, state, local or
foreign regulatory authorities, and any amendments, withdrawals, or terminations
thereof, as are deemed appropriate by the officer or member.
4126524
<PAGE>
LIMITED POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that BANK OF AMERICA ILLINOIS
("Principal"), an Illinois banking corporation with its registered offices at
231 South LaSalle Street, Chicago, Illinois, by and through its duly executed
officer, John J.Higgins, Chief Administrative Officer of Principal, does hereby
nominate, constitute and appoint Richard G. Manske and I. Benedict Espinos and
each of them, as its true and lawful attorneys-in-fact, for it and in its name,
place and stead, to execute any and all reports, forms, schedules or other
documents required to be executed by Principal pursuant to Section 13 of the
Securities Exchange Act of 1934 as now in effect or hereafter amended and rules
issued thereunder from time to time by the Securities and Exchange Commission.
Principal hereby gives and grants unto each of said attorneys-in-fact full
power and authority to do and perform all and every act necessary, requisite or
proper to be done with respect to the aforesaid reports, forms, schedules or
other documents, including and filing thereof with the Securities and Exchange
Commission, and such stock exchanges or other authority, entity or person as
fully as Principal might or could do, with full power of substitution or
revocation, hereby ratifying and confirming all that Principal's
attorneys-in-fact shall have lawfully done heretofore in connection therewith or
hereafter causes to be done by virtue hereof.
This Limited Power of Attorney shall expire on January 31, 1997, unless
earlier revoked or extended by Principal in writing.
This Limited Power of Attorney shall be governed by and construed in
accordance with the laws of the State of Illinois, United States of America.
IN WITNESS WHEREOF, Principal has executed this Limited Power of Attorney
this 22nd day of January, 1996.
/s/ JOHN J. HIGGINS
----------------------------------
John J. Higgins
Chief Administrative Officer
Subscribed and sworn to before me
this 22nd day of January, 1996.
/s/ NINA TAI
- ---------------------------------
Notary Public
4126515
<PAGE>
Board of Directors April 25, 1995
Bank of America Trust Company of
Florida, National Association
RESOLVED that this Board of Directors authorizes any officer of this
Association, or any attorney in the Legal Department of Bank of America
N.T.&S.A. with the title of counsel or a title senior thereto to sign
registrations, reports, certificates, applications and other writings on
behalf of this Association for submission to or filing with any federal,
state, local or foreign regulatory authorities, and any amendments,
withdrawals, or terminations thereof, as the officer or attorney deems
appropriate.
4126523
