sec news dioest__ "II' December 9, 1981Issue 81-235 OEC 1'') Ijol

NOTICEOF COIIISSION IEETlaS EXCHANGE COr/li,lISCjlON

Following is a schedule of Commission meetings which will be conducted pursuant to provisions of the Government in the Sunshine Act. In general, the Commission expects to follow a schedule of holding closed meetings on Tuesdays, and open meet-ings on Thursday morning. Meetings on Wednesday, and if necessary on Thursdayafternoons, will be either open or closed according to the requirements of agendaitems under consideration. The Commission will not normally meet on Mondays or Fridays.

Visitors are welcome at all open meetings, insofar as space is available.

Meetings will be held in the Commission Meeting Room on the eighth floor of the Commission's headquarters building at 500 North Capitol Street, Washington, D.C. All visitors are required to sign in and obtain passes at the Reception Desk in the lobby. Persons wishing to photograph or videotape Commission meetings must obtain permission in advance from the Secretary of the commission. Persons wishing to tape record a Commission meeting should notify the Secretary'. office 48 hours in advance of the meeting.

CLOSED MEETING - TUESDAY, DECEMBER IS, ,1981 - 10:00 A.M.

The subject matter of the December 15 closed meeting will be: Access to investiga-tive files by Federal, State, or Self-Regulatory authorities; Settlement of injunc-tive action; Institution of administrative proceedings of an enforcement nature;Freedom of Information Act appeal; Institution of injunctive action; Litigation matter; Regulatory matters regarding financial institutions; Regulatory matter bearing enforcement implications.

CLOSED MEETING - WEDNESDAY, DECEMBER 16, 1981 - 2:30 P.M.

The subject matter of the December 16 closed meeting will be: Litigation matter.

OPEN MEETING - THURSDAY, DECEMBER 17, 1981 - 10:00 A.M.

The subject matter of the December 17 open meeting will be:

Consideration of whether to adopt the proposed Subpart N to 17 CFR Part 200 to display the consent control numbers assigned by the Director of the Office of Manage-ment and Budget to information collection devices of the Commission, pursuant to the Paperwork Reduction Act. FOR FURTHER INFORMATION, PLEASE CONTACT Theodore S. Bloch at (202) 272-2454.

CLOSED MEETING - THURSDAY, DECEMBER 17, 1981 - FOLLOWING THE OPEN MEETING

The subject matter of the December 17 closed meeting will be: Institution of injunc-tive action and administrative proceeding of an enforcement nature.

AT TIMES CHANGES IN COMMISSION PRIORITIES REQUIRE ALTERATIONS IN THE SCHEDULING OF MEETING ITEMS. FOR FURTHER INFORMATION AND TO ASCERTAIN WHAT, IF A~Y, MATTERS ii:W:: BEEN ADDED, DELETED OR POSTPONED, PLEASE CONTACT: Paul Sieglebaum at (202) 272-2468

ADMINISTRATIVE PROCEEDINGS PROCEEDINGS INSTITUTED AGAINST PAINE WEBBER JACKSON & CURTIS, INC.

The Commission announced the institution of a public administrative proceeding,pursuant to Section l5(b) of the Securities Exchange Act of 1934 (Exchange Act),against Paine Webber Jackson & Curtis, Inc., a broker-dealer registered with the Commission under Section l5(b) of the Exchange Act and a member of the New York,American, Pacific and other stock exchanges. The Order for Proceedings allegedthat during the period June 6 through June 23, 1980, Paine Webber, by means of the mails and instrumentalities of interstate commerce and facilities of national securities exchanges, directly and indirectly, wilfully violated and wilfullyaided and abetted a violation of Section l4(d) of the Exchange Act in connection with the acquisition by Simpson Paper Company of 9.9 percent of the common stock of Diamond International Corporation on June 12, 1980. (ReI. 34-18318)

INVESTMENT COMPANY ACT RELEASES

GOVERNMENT SECURITIES CASH FUND

An order has been issued on an application filed by Government Securities CashFund (Applicant), registered under the Investment Company Act of 1940 as an open-end,diversified, management investment company, pursuant to Section 6(c) of the Act,exempting Applicant, subject to conditions, from the provisions of Section 2(a) (41)of the Act and Rules 2a-4 and 22c-l thereunder to the extent necessary to permitApplicant to utilize amortized cost valuation for the purpose of pricing its sharesfor sale, redemption and repurchase. (ReI. IC-1208l - Dec. 8)

UNITED CASH MANAGEMENT II, INC.

An order has been issued pursuant to Section 8(f) of the Investment Company Act of 1940 on an application of United Cash Management II, Inc. (Applicant), an open-end,diversified, management investment company registered under the Investment CompanyAct of 1940, declaring that Applicant has ceased to be an investment company.(ReI. IC-12082 - Dec. 8)

ANCHOR GROWTH FUND, INC.

An order has been issued pursuant to Section 8(f) of the Investment Company Act of 1940 on an application of Anchor Growth Fund, Inc. (Applicant), an open-end, diver-sified, management investment company registered under the Investment Company Act of 1940, declaring that Applicant has ceased to be an investment company.(ReI. IC-12083 - Dec. 8)

FUNDEX, INC.

A notice has been issued giving interested persons until January 4, 1982 to requesta hearing on an application by Fundex, Inc. for an order declaring that it has ceased to be an investment company. (ReI. IC-12084 - Dec. 8)

HOLDING COMPANY ACT RELEASES

CONNECTICUT YANKEE ATOMIC POWER COMPANY

An order has been issued releasing the jurisdiction reserved in an order dated April 17, 1981 (HCAR No. 22011), over the terms of and the fees, commissions and expenses to be incurred in connection with a proposed placement of up to $75 million of debentures to be issued and sold by Connecticut Yankee Atomic Power Company, sub-sidiary of New England Electric System and Northeast Utilities, each a registeredholding company. Retention of jurisdiction in this proceeding is no longer necessarysince the matters over which jurisdiction has been reserved are dealt with in an order to issue concurrently in File No. 70-6636. (ReI. 35-22304 - Dec. 8)

An order has also been issued authorizing Connecticut Yankee to incur up to $50 million of revolving credit bank loans and to issue up to $50 million of its 17 percent sinking fund debentures due 1996 as part of its 1981 financing program.The revolving credit loans and debentures would be guaranteed by the 11 New Englandelectric utilities which own the outstanding shares of Connecticut Yankee's common stock. (ReI. 35-22306 - Dec. 8)

2 NEWS DIGEST, December 9, 1981

WESTERN MASSACHUSETTS ELECTRIC COMPANY

An order has been issued authorizing Western Massachusetts Electric Company, subsi-diary of Northeast Utilities, to issue and sell 150,000 shares of preferred stock at competitive bidding to underwriters for deposit with a bank, as depositary. In the subsequent public offering, depositary receipts evidencing depositary preferred

a hearing on a proposal by Middle South Utilities, Inc., a registered holding com-

shares, each representing 1/4th (ReI. 35-22305 - Dec. 8)

share of preferred stock, will be delivered.

MIDDLE SOUTH UTILITIES, INC.

A notice has been issued giving interested persons until January 4, 1982 to request

pany, and two of its operating companies, Louisiana Power & Light Company and New Orleans Public Service Inc., to guarantee the loans of a non-associate, non-profit company which is organizing the Louisiana 1984 World Exposition to be held in New Orleans. (ReI. 35-22307 - Dec. 8)

LlSTING,DELISTING AND UNLISTED TRADING ACTIONS

UNLISTED TRADING SOUGHT

A notice has been issued giving interested persons until December 28 to comment on the applications of the Boston Stock Exchange, Inc. for unlisted trading privileges in three issues which are listed and registered on one or more other national securities exchanges and are reported in the consolidated transaction reportingsystem. (Re!. 34-18305)

SELF-REGULATORY ORGANIZATIONS

APPROVAL OF PROPOSED RULE CHANGE

The Commission has approved a proposed rule change filed under Rule 19b-4 by the Municipal Securities Rulemaking Board (SR-MSRB-8l-l4) to adopt MSRB Rule G-33, which establishes standard formulas for computing dollar price, yield, and accrued interest amounts on municipal securities transactions and which also prescribes standards for the accuracy of such calculations. Rule G-33 becomes effective June 4, 1982. (ReI. 34-18313)

TRUST INDENTURE ACT RELEASES

LIFEMARK CORPORATION

A notice has been issued granting interested persons until December 28 to request a hearing on an application of Lifemark Corporation pursuant to Section 310(b) (1)(ii) of the Trust Indenture Act of 1939 declaring that the trusteeship of Manufacturers Hanover Trust Company as successor trustee under two indentures and under four other indentures is not so likely to involve a material conflict of interest as to make it necessary in the public interest or for the protection of investors to disqualify Manufacturers Hanover Trust Company from acting as trustee under these indentures. (ReI. TI-678)

SECURITIES ACT REGISTRATIONS

The following registration statements have been filed with the SEC pursuant to the Securities Act of 1933. The information noted below has been taken from the cover page and the facing sheet of the prospectus and registration statement and will appear as follows: Form; Name, address and phone number (if available) of the issuer of the security; Title and the number or face amount of the securities being offered; Name of the managing underwriter (if applicable); Whether the 8ffer-ing is a rights offering; File number and date filed; Assigned Branch; and whether the registration statement is a New Issue.

(S-18) ETI, INC., 6918 Sierra Court, Dublin, CA 94566 - 891,000 shares of common stock. Underwriter: Roedeinger Incorporated. (File 2-73624-LA - Nov. 25) (Br. 9)

NEWS DIGEST, December 9, 1981 3

(S-14) RESOURCES WEST, INC. AND RED CLIFF ENERGY CORPORATION, 311 South State St.,Suite 460 (Resources), and Suite 465 (Red Cliff), Salt Lake City, UT 84111 (801)359-8721 (Resources), and (801) 364-9262 (Red Cliff). 5,752,086 shares of commonstock. (File 2-75209 - Dec. 7) (Br. 3)

(S-14) FIRST WNB CORPORATION, 1627 K Street, N.W., Washington, DC 20006 (202) 466-4090 -100,000 shares of common stock. (File 2-75214 - Dec. 7) (Br. 2 - New Issue)

(S-8) AMARCO RESOURCES CORPORATION, 1400 Kirby Building, Dallas, TX 75201 (214) 748-5000 - 200,000 shares of common stock. (File 2-74216 - Dec. 8) (Br. 3)

(S-8) TEAM, INC., 2600 South Loop West, Suite 480, Houston, TX 77054 (713) 665-8949 -3,400 shares of common stock. (File 2-75219 - Dec. 8) (Br. 4)

(S-7) FARM HOUSE FOODS CORPORATION, 777 East Wisconsin Ave., Suite 3450, Milwaukee, WI 53202 (414) 271-5050 - $5 million of senior subordinated debentures,' due 1991. Underwriter: Offerman & Co., Inc., 5100 Gamble Dr., Minneapolis, MN 55481 (612)541-8900. The company is engaged in distributing wholesale food and related pro-ducts and operating retail drug stores and mass merchandising stores. (File2-75220- Dec. 8) (Br• 4)

(S-16) EXXON CORPORATION, 1251 Avenue of the Americas, New York, NY 10020 (212) 398-3000 - 1,500,000 shares of capital stock. Underwriter: Morgan Stanley & Co. Incorporated.(File 2-75221 - Dec. 8) (Br. 4)

(S-18) WILLINGHAM AND ASSOCIATES, INC., 225 South Eola Dr.~ Orlando, FL 32801 (305)425-7786 - 91,000 shares of common stock. The company is in the development stage and proposes to engage in rendering investment advice to persons who enter into investment supervisory services agreements with the company. (File 2-75223 - Dec. 8)(Br. 1 - New Issue)

(N-1) SECURITY ACTION FUND, Security Benefit Group Bldg., 700 Harrison St., Topeka, KS66636 (913) 295-3127 - an indefinite number of shares of capital stock. (Pile2-75224 - Dec. 8) (Br. 18 - New Issue)

(S-8 and C-2) AMP INCORPORATED, Harrisburg, PA 17105 (717) 564-0100 - 250,000 shares of common stock. (File 2-75227 - Nov. 27) (Br. 8)

REGISTRATIONS EFFECTIVE

Dec. 1: Bankeast Corporation, 2-74284; Beep Communication Systems, Inc., 2-74612; Bellevue Mortgage Investors 1981-1982, 2-71158; The Corporate Income Fund, One Hundred Sixty-Second Short Term Series, 2-74709; The Detroit Edison Company,2-73532; Digicon Inc., 2-74931; Gannett Pleming Affiliates, Inc., 2-73804, Golden Nugget, Inc., 2-75006; Imperial Oil Limited, 2-75026; The Municipal Bond Trust, Series 100, 2-74504; Municipal Investment Trust Pund, Two Hundred Pifth MonthlyPayment Series, 2-74852; National Video Centers, Inc., 2-73800-NY; Piedmont Natural Gas Co., Inc., 2-74813; Reliance Financial Group Incorporated, 2-74998; Sigler Petroleum Corporation, 2-74149; Wal-Mart Stores, Inc., 2-74974.

REGISTRATIONS WITHDRAWN

Nov. 16: Philadelphia Electric Company, 2-72042.Nov. 17: Kentucky Utilities Company, 2-72939.Nov. 23: Dayton Power and Light Company, 2-73905.Dec. 1: Vacation Spa Resorts Inc., 2-70664.

ACQUISITIONS OF SECURITIES

Companies and individuals must report to the Commission within 10 days on Schedule 13D if after the acquisition of equity securities of a public company their benefi-~ia1 interest therein exceeds 5%. Persons eligible to use the short form (Schedule:3G) may in lieu of filing a Schedule l3D file a Schedule l3G within forty-fivedays after the end of the calendar year in which the person became subject to Section 13 (d)(1). The following companies or individuals filed Schedule l3D's juring the period Noyember 2 - 6, 1981 . The number of shares of the security which are beneficially owned, and the number of shares concerning which ~here is a right to acquire are set forth for each beneficial owner. *Amended Acquisition Reports.

NEWS DIGEST, December 9, 1981 4

ACQUISITION REPORTS CONT.

~CXH'ANY OR INDlVIIX1AL

* William R. Tatham, Sr. Ccnsolidated Industries, Inc.

* Parkway Catpany Eastover Corporatiat Harold B. Ju3el.1 Sidney W. Lassen, et al

* SIB> Liquidating Partnership

* Bowline Corp.

Wells Fargo Realty Advisors walls Fargo & COlpany

* Bass Brothers Enterprises, Inc. BRl' Investments

* Boosey & Hawkes Ltd. (U.K.)

* Southside Managanent Corp. Prime Motor Inns, Inc. Al Olshan

* Illinois Tool W:lrks, Inc.

Ralph J. SUrrency

Jack A. McLeod B. lA!e Kams

Aroold M. Flamn, IIdividually and as Trustee

lDla Flamn Ann Flamn, Trustee Eric M. Flamn, et al

J. P. Weyerhaeuser, III, Co-Trustee

St;eplen S. Smith

Viridian Investments, Ltd. TBK Partners

* Madison Fund, Inc.

NEWS DIGEST, December 9, 1981

ISSUER & NUMBER CF SHARES MTE FILm

Pacific Bancorporation (Bakersfield, CA) 11-2-81 Common Stock - 261,469 shares (23.3%)

~ National Corporation (Elmsford, NY) 11-2-81 Common Stock - 574,000 shares Common Stock - 9,920 shares

til conversitll of Debentures

San Juan Racing Association Inc. (Rio Piedras, PRJ 11-2-81 Common Stock - 311,200 shares

Vesper Corporatitll (Bala-cynwyd, PAl 11-2-81 5% Preferred Stock - 6,443 shares

Wells Fargo M::>rtqage and Equity Trust 11-2-81 (San Francisco, CA)

Shares of Beneficial Interest - 191,198 ~ of Beneficial Interest - 59,540

til conversion of Debentures

J\mfac, Inc. (Horo1ulu, HI) 11-3-81 Ocnm:rl Stock - 878,400 shares

Buffet Crarrp:m International Inc. (Melville, NY) 11-3-81 Common Stock - 3,054,739 shares (100%)

at conversitll of Class A Stock Common Stock - 100 shares Common Stock - 65,000 shares

til exercise of warrant

Cindy's, Inc. (Decatur, IL) 11-3-81 Common Stock - 511,032 shares (24.43%)

CcItputer Products, Inc. (Fort LaOOerdale, FL) 11- 3-81 Common STbck - 1,103,148 shares (21%)

Dauphin, Inc. (lhmtingt:al Beach, CA) 11-3-81 . Common Stock - 1,000,000 shares (17.26%)

Dentalloy, Inc. (StantCll, CA) 11-3-81 Common Stock - 73,126 shares

Exo1t1l Catpany ('l'anaIoerda, NY) 11-3-81 Common Stock - 25,000 shares

First National Bank of Palm Beach, Inc. 11-3-81 (Palm Beach, FL)

Common Stock - 38,959 shares

Friendly Frost, Inc. (Westblry, NY) 11-3-81 Common Stock - 300,298 shares (28.4%)

(Mr. Smith is to sell above shares to Swanton Corp.)

Hastings Manufacturing Ccrcpany (Hastings, MI) 11-3-81 Common Stock - 1,740 shares

Interlake, Inc. (Oak Brook, IL) 11-3-81 CammonStock - 1,204,957 shares (19.6%)

5

ACQUISITION REPORTS CONT.

* Martin BIlllBlthal Associates, Inc. Wendy Blunenthal Ib'\ald , Karen Mann

Richard , Linda Merlin, et al

* H. K. Porter carpmy, Inc.

* D. L. I<asdorf R. J. ~ D. G. Lautz R. M. Gunnersa1, Individually

and as Trustees

* R. B. Panplin Corporatiat Qa\ R. Torqler

* warren K. NovickGinsberg TrustMic:hael I. Ginsberg

* Oilgear salaried Savin;Js Plan

* Donald C. carter, Individually and as Trustee

Iblghta'l CO., N.V. (Netherlands Antilles)

(Linda ShaI!rnah Attar (Uruguay), SOle Shareholder)

Stockwell Corp. S.A. (Panama)

* National City Lines, Inc. !O\ Inc. Southwest IcAlisi.ana Lard co. Inc. Harold C. SiJma1a

* Herbert N. Faintic:h

* Cardev Ltd. cama Ltd. (Canada), Parent

* SUn Chemical Corporatiat

* Georqe washingtal Corporatiat Georqe WIIsh:ingta1 Life Insurance

CcIIpany

* Anerican General Corporatiat california-Western States Life

Insurance cacpany

Hugh F. CUlverhoose

Marc S. Shexman Paul I. Willensky ~and Trading Corporatiat

* Francis A. CoyLawrence A. Coy

Investex Inc. (Miami., FL)CamDn Stock - 62,833 shares

Macmillan, Inc. (NYC) CamDn Stock - 2,499,000 shares (20.4%)

~ Manufacturi.n;J carpmy (Racine, WI) Ocmmon Stock - 257,616 sharesOcmmon Stock - 9,333 shares

at exercise of options

MoImt Verncn Mills, Inc. (Greenville, ~) Ocmmon Stock - 264,982 shares (31.65%)

L. E. Myers co. (Chicago, IL) L. E. Myers co. Intemati.a1al Ltd.

Ocmmon Stock - 192,300 shares

Oilgear catpany (Milwaukee, WI) Ocmmon Stock - 69,591 shares

United Realty Investors, Inc. (Beverly Hills, CA)Shares of Beneficial Interest - 496,300 (13.7%)

Amalgamated Sugar carpmy (open, UT) Ocmmon Stock - 162,600 shares

Anerican SOlar Ki.n;J Corp. (Waco, '!'X) Ocmmon Stock - 93,850 shares Ocmmon Stock - 5,000 shares

at exercise of warrants

Christiana <:aIpInies, Inc. (San M::lnica, CA) Ocmmon Stock - 591,500 shares (24.1%)

Omna11oy Anerican Corporatiat (St. IDuis, K» Oommon Stock - 5,285,358 shares (35%)

Cattinental Life' Accident Cawpany (Boise, m) Ocmmon Stock - 184,196 shares (31.6%)

(Purchasers have agreed to acquire 460,185of above shares.)

Credithrift Financial, Inc. (Evansville, IN) Ocmmon Stock - 1,016,900 shares oammon Stock - 1,894,294 shares (18')

at exercise of optiat

Florida CCJmercial Banks, Inc. (Miami, FL) Oommon Stock - 11,162 shares

Grant Industries Inc. (West Nyack, NY) Ocmmon Stock - 105,400 shares

!NARD Corporatioo (Twinsburg, (If) Ocmmon Stock - 118,580 shares oammon Stock - 140,000 shares

at exercise of warrants

NEWS DIGEST, December

11-3-81

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11-3-81

11-3-81

11-3-81

11-3-81

11-3-81

11-4-81

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11-4-81

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9, 1981 6

ACQUISITION REPORTS CONT.

* Geneve capital Corp. Madison CaTpmy (Middletal, WI) 11-4-81 fI{ capital Corp. canron Stock - 231,091 shares (22.6%)

• Jd1n v. Arroyo Oiltech, Inc. (Aurora, CO) 11-4-81 Joseph F. Arroyo Oammon Stock - 10,974,500 shares (51.7%) 'DDnas E. Nevis Janes P. Ma8telotto &!rIIlel A. Nevis

* Ccurtland-Trans, Inc. Transco Realty Trust (Basta'l, Mj\) 11-4-81 Courtl.ard Prcperties Advisory Corp. Shares of Beneficial Interest - 25,388

• Maurice Wiener Transoo Realty Trust (Bostm, M1\) 11-4-81 Shares of Beneficial Interest - 76,804

Beryl WinkelmIm, Iniividually Winkelman Stores, Inc. (Detroit, MI) 11-4-81 and as Trustee Oammon Stock - 253,358 shares (16.89%)

Stanley J. Winkelman, Indivi- Winkelman Stores, Inc. (Detroit, MI) 11-4-81 dually and as Trustee Oammon Stock - 211,515 shares (14.1%)

David Pollack, Individually Winkelman Stores, Inc. (Detroit, MI) 11-4-81 and as Trustee Oammon Stock - 191,908 shares (12.79%)

AMBG Corp. Allied Corporatioo (M:>rris Ta..nship, NJ) 11-5-81 CNlolly-owned subsidiary of $12 Oonv. Preferred Stock - 490,479 shares (31.2%) Tyoo Laboratories, Inc.)

Tyoo Labaratories, Inc.

~ic 8. Olaffin-Laird (U.K.) AmeriCan Heliothermal. Corporation (EncJ1ewood, CO) 11-5-81 Common Stock - 2,000,000 shares

00 exercise of ct'tioos

• Willi_ F. Cory Bardag, Inc. (Muscatine, rA) 11-5-81 Marcella McKilllp Oammon Stock - 5,162,620 shares (42.5%) Martin G. Carver IAJcille A. Carver, at al,

Individually and as Executors

Glickenhaus , Co. Kaiser Steel Corporatioo (oakland, CA) 11-5-81 camon Stock - 301,700 shares

~ COrporaticm Midwestern Distributioo, Inc. (Fort Scott, KS) 11-5-81 Teas.ay Transportatial Corp., camon Stock - 1,010,060 shares (57.3%)

Parent (L'OC has entered into an agreanent to acquire 571,060 of above shares.)

Bus &JUity Dlterpriaes Northwest &1ergy carpany (Salt Lake City, UT) 11-5-81 Bass Brothers &1terpriaes, Inc. $2.125 Oonv. Preferred Stock - 220,400 shares Bass &1terprises Prcductioo Co. Sid R. Bus

Clark Estates, Inc. 9ni.thfield Foods, Inc. (9ni.thfield, VA) 11-5-81 Common Stock - 1,016,666 shares (38.1%)

00 oonversioo of Notes

Country-Wi.de Insurance 1q!!Jncy, Inc. Western Steer - ~ 'N' Pops, Tnc. 11-5-81 (C1areront, te)

Common Stock - 99,713 shares (11.4%)

Western Steer - Man 'N' Pops, Inc. 11-5-81 (C1arenont, te)

camon Stock - 76,401 shares

Marshall E. Digh Western Steer - ~ 'N' Pops, Inc. 11-5-81 (C1a.rem:l1'lt, te)

Oammon Stock - 243,182 shares (27.8%) (Inc1Wed above are shares owned by his wife.)

NEWS DIGEST, December 9, 1981 7

ACQUISITION REPORTS CONT.

Charles Franklin camor, Jr.

Guardian Industries Corp., Parent G. I. C. Financial Services Corp. Altcn K. Brown Wa::.-ren J. Coville, et al

TransTechnology Corporatioo.

* Maoor Hea1thcare Corp.Manor Care Inc.

a:tle...-t T. Shaw C. Fred RiceEtlward J. CarlisleC.N.L. Life Insurance Ccmpany,

~t al

Patsal Investnents Limited (W1olly-owned Sl:bsidiary of CSR Limited (Australia)

Providers Benefit Life Insurance Ccupany

Cyril M:lsoow

* Westem Pialeer Life Insurance Co. }ti)ert T. Shaw C. Fred Rice Etlward J. Carlisle, et al

Neuberger (, Bel:man

* Merrivale Ltd. (B.V.I.) (W1olly-owned subsidiary of Limroy Co. Ltd.)

~trics Corporatioo. Limroy Ccupany Ltd. (Bentu3a) Janes lie Si!oons

KFM Inc.(W1olly-owned subsidiary ofKroehler Mig. Co.)

* Gary V. Iewel1yn

Harris SauOOers, Jr. Harris Saunders John R. Saurders Jean Ib.1an Saunders, et al

F. Palr.er Weber Gertl:'OOe Weber David C. Weber, Individually

am as Trustees F. Pa1ner Weber Associates Inc.

Pensioo. Trust

Western Steer - M:m 'N' Pops, L"lC. 11-5-81 (Cl.araIo1t, N::)

Ocmmon Stock - 122,128 shares (14')

Bliss (, LalJ3hlin Industries Inc. (oak Brook, n.) 11-6-81 camon Stock - 404,300 shares

Breeze Corporatioos, Inc. (Unioo., NJ) 11-6-81 Ocmmon Stock - 45,245 shares

Cenoo Incorporated (oak Brook, n.) 11-6-81 Ocmmon Stock - 11,947,595 shares (92')

Chase Natiooal Life Insurance Co. (Sprin;Jfield, MJ)1l-6-81Ocmmon Stock - 131,406 shares (29.73')

Delhi Intematiooal Oil Corp. (Dallas, TX) 11-6-81 camon Stock - 8,868,806 shares (98%)

(AR>roximately 6,546,000 of above shares were acquired pursuant to the Tender Offer.)

First United, Inc. (Gary, IN) 11-6-81Ocmmon Stock - 128,000 shares

Howell Industries, Inc. (Southfield, MI) 11-6-81Ocmmon Stock - 141,854 shares

I. C. H. Corporatioo. (Kansas City, MJ) 11-6-81Ocmmon capital Stock - 1,470,515 shares (50.1\)

Kaiser Steel Corporatioo. (oakland, CA) 11-6-81 Ocmmon Stock - 334,300 shares

L. E. lo1yers Co. (Chicago, n.) 11-6-81 L. E. Myers Co. Int.ernatiooal, Ltd.

Cammon Stock - 387,898 shares (15.84%)

()lnaar Corporatioo. (Elk Grove Village, n.) 11-6-81 Cammon Stock - 341,613 shares (97%)

(Above shares were acquired pmruant to the Tender Offer.)

Safeguard Scientifics, Inc. (King of Prussia, PAl 11-6-81 Cammon Stock - 328,300 shares

SauOOers Leasing System, Inc. (BiImingham, AL) 11-6-81 Cammon Stock - 1,530,466 shares (50.6%)

Strl.thfield Foods, Inc. (Strl.thfield, VA) 11-6-81 Cammon Stock - 86,691 shares Cammon Stock - 66,666 shares

00. ocnversioo. of Notes

NEWS DIGEST, December 9, 1981 8