TCR_Public/960122.MBX BANKRUPTCY CREDITORS' SERVICE, INC.



        CASINO RESOURCE CORPORATION GRANTED EXCLUSIVE RIGHT TO PURCHASE
        PALACE CASINO AND ANNOUNCES FIRST QUARTER RESULTS

        
            BILOXI, Miss., Jan. 22, 1996 -- The United States
        Bankruptcy Court for the Southern District of Mississippi ruled
        Friday, January 19 to grant Casino Resource Corporation (Nasdaq:
        CSNR) exclusive rights to purchase the Palace Casino [previously
owned by Maritime Group, Ltd.]
located in
        Biloxi, Mississippi.  This ruling eliminated any possible offerings
        from other parties, and the sale is expected to close by February 2
        of this year.  The dockside vessel, which will remain on the
        Mississippi Gulf Coast, will be purchased by Casino Resource
        Corporation for a total cash purchase price of $12.0 million, a
        fraction of the estimated cost of $52.0 million.  Casino Resource
        Corporation contemplates financing its purchase of the property
        through a combination of debt and equity, or through a joint venture
        partner who would provide a portion of the equity.
        


            Jack Pilger, chief executive officer of Casino Resource
        Corporation, also announced today results for the first quarter 1996
        ended December 31, 1995.  For the three-month period ended December
        31, 1995, the company reported net income of $223,000 or $0.03 per
        share (8,361,901 weighted average shares outstanding) on revenues of
        $3,260,416 compared to a net loss of $46,424 or $0.01 per share
        (7,392.462 weighted average shares outstanding) on revenues of
        $2,420,294 for the first quarter of 1995.
        


            "While our revenues are not yet significant, we are pleased to
        report our third straight quarter of positive earnings," said
        Pilger. "We continue to aggressively explore gaming opportunities as
        well as the expansion of our entertainment division.  In doing so,
        we hope to significantly grow our earnings over the next 18 months."
        


            Casino Resource Corporation is a diversified hospitality and
        entertainment enterprise.  The company owns and operates the 2,000-
        seat Country Tonite Theater in Branson, Missouri; Country Tonite
        Enterprises, an award-winning theatrical production company in Las
        Vegas (producers of the "Country Tonite Show," currently in its
        fourth year at the Aladdin Hotel); and the 154-room Grand Hinckley
        Inn, located in Hinckley, Minn., adjacent to the Grand Casino.  In
        addition, the company has entered into strategic alliances for the
        development of Indian gaming properties in Michigan and Indiana and
        is negotiating the acquisition of the Palace Casino in Biloxi.
        



                          CASINO RESOURCE CORPORATION
                              SUMMARY OF EARNINGS
        
                                             Three Months Ended
                                          12-31-95          12-31-94
                                         (unaudited)
            EARNINGS
            Revenues                   $  3,260,416      $  2,420,294
            Income (loss) from
              continuing operations         223,000           (72,733)
            Income (loss) from
              discontinued operations            --            26,309
            Net income (loss)          $    223,000      $    (46,424)
            EARNINGS PER COMMON SHARE
            Income (loss) from
              continuing operations    $      0.03       $      (0.01)
            Income (loss) from
              discontinued operations            --                --
            Net income (loss)                 0.03              (0.01)
            Weighted average
              shares outstanding         8,361,901          7,392,462

        /CONTACT: Nick B. Herman, Chief Financial Officer or Robert J.
        Allen, Vice President, both of Casino Resource Corporation,
        601-435-1976; Madeleine Franco or Andrew Graft, both of Jordan
        Richard
        Assoc., 801-595-8611, for Casino Resource Corporation/


        BROADWAY & SEYMOUR, INC. ANNOUNCES ANTICIPATED LOSS, RESTRUCTURING
        AND ENGAGEMENT OF INVESTMENT BANKER

        
            CHARLOTTE, N.C., Jan. 22, 1996 -- Following a
meeting of
        its board of directors, Broadway & Seymour, Inc. (Nasdaq: BSIS)
        announced an anticipated loss for the fourth quarter and fiscal year
        ending December 31, 1995 and a restructuring to improve operations
        effective immediately.  After year-end accounting statements are
        completed, final financial results will be available as planned the
        week of February 5, 1996.  The Company estimated a loss for the
        fourth quarter in the range of $20 million, reflecting both one-time
        and operating charges, that would result in a loss for the year in
        the range of $15 million.  In determining the charges resulting in
        the loss, the Company reevaluated its balance sheet assets from
        previous purchases for impairment due to new business direction and
        recognized the losses and reserves from underperforming business
        necessary to enable the redirection of the Company.

        
            The Company also announced the appointment of David A. Finley as
        Executive Vice President and Chief Financial Officer.  Mr. Finley,
        William W. Neal, Chairman, and Alan C. Stanford, President, who
        joined the Company in September 1995, will comprise a new Chief
        Executive's Office to manage the newly restructured company.  Mr.
        Finley, 63, is a member of the Company's board of directors and
        served as chief executive of IBM Credit Corporation and treasurer of
        IBM prior to his retirement in 1989.  David L. Durham, the current
        CFO, was appointed Vice President and Chief Accounting Officer and
        reports to Mr. Finley.  In the Chief Executive's Office, Mr. Finley
        will focus on finance and investor and banking relations, Mr. Neal
        will focus on business development, and Mr. Stanford will focus on
        planning and operations.

        
            Also, Broadway & Seymour announced that it has retained Goldman,
        Sachs & Co. to advise it in evaluating previous inquiries regarding
        the Company and to provide ongoing strategic financial advice.
   

     
            In order to focus on larger and longer-term customer
        relationships, Broadway & Seymour's operations have been
        restructured into four segments of the information technology
        services and software industry: asset and investment management,
        banking, call center and customer service, and law firm systems.
        According to Mr. Finley, "We expect 1996 to be a profitable year,
        and we will release our estimates when our detailed planning is
        completed."

        
        /CONTACT:  David Finley, Executive Vice President and Chief
        Financial Officer of Broadway & Seymour, 704-344-3010; or Kristin
        Anderson of Ludgate Communications, 212-688-5144/
     



Roadmaster Industries announces
        agreement for sale of camping division and restructuring of
        manufacturing operations; Net Proceeds to Deleverage Balance Sheet;
        Company Anticipates Reporting Loss for Fourth Quarter and Year
      


            ATLANTA, Georgia--January 22, 1996--Roadmaster
        Industries, Inc.  (NYSE Symbol: RDM) today announced an agreement to
        sell Roadmaster's Nelson/Weather-Rite camping division to Brunswick
        Corporation (NYSE Symbol: BC) for cash consideration of
        $120,000,000. The transaction is expected to be consummated in the
        first quarter of calendar 1996.  The agreement is subject to, among
        other things, routine regulatory approvals, and Brunswick's review
        of certain additional information.  Roadmaster indicated that net
        proceeds will be used to reduce outstanding indebtedness.  

        
            The Company noted that demand for its bicycle and toy products
        met or exceeded expectations resulting in continued market share
        gains among domestic bicycle producers.  
        
   

         Despite strong performance in bicycles and toys, Roadmaster
        announced that revenues for the fourth quarter and full year are
        expected to total approximately $206 million and $730 million,
        respectively, which would be below previous projections of $750
        million for full-year revenue.  Roadmaster anticipates reporting a
        loss for the fourth quarter and the fiscal year ended December 31,
        1995.  
        
      

      Roadmaster reported a loss of $9.3 million for the first nine
        months ended September 30, 1995.  The revenue shortfall and losses
        came predominantly from the Company's Fitness Division product lines
        which included the integration of DP.  Additionally, intense
        competitive pressures and an overall weak retail sales environment
        were further contributing factors.  
        


            As a result of anticipated fiscal 1995 results, the Company
        announced operational initiatives designed to reduce fixed cost
        levels and enhance competitiveness in the Fitness Division.  These
        actions include the planned closing of Roadmaster's Tyler, Texas
        fitness manufacturing facility, the elimination of approximately 600
        positions, and consolidation of its fitness production at the
        Opelika, Alabama plant.  The consolidation at Opelika is expected to
        be finished by mid-year 1996.  In addition, the Company intends to
        down-size certain operations, including the lamp operations and
        distribution functions.  These restructuring initiatives will result
        in a one-time charge to 1995 net income.  
        


            Henry Fong, Roadmaster's Chief Executive Officer, noted, "These
        actions are being taken to improve operating results by allowing the
        Company to better capitalize on low-cost production capabilities.
        Additionally, the sale of Nelson/Weather-Rite will considerably
        improve the balance sheet and the Company's financial condition."  
        


            Roadmaster, one of the largest manufacturers of bicycles, is
        also a leading producer of fitness equipment, and is a leading
        producer and distributor of toys, team sport and camping equipment.
        The trademarks or brand names under which Roadmaster sells its
        products include Roadmaster, Flexible Flyer, Vitamaster, MacGregor,
        Weather-Rite, American Camper, Remington, DP, Hutch, Reach, Forster,
        and sleeping bag lines of Cloud Nine, American Trails, and
        Expedition Trails.  


        CONTACT: Lippert/Heilshorn & Associates,
                 Richard Foote, ext. 119,
                 Jeffrey Volk, ext. 102,
                 212/838-3777
                            or
                 ROADMASTER INDUSTRIES, INC.,
                 Jeff Hinton, 1-618-393-2217
        




        ASHLAND EARNINGS IMPROVE FOR DECEMBER QUARTER

        
            ASHLAND, Ky., Jan. 22, 1996 -- Ashland Inc.
(NYSE: ASH)
        today reported net income of $87 million, or $1.29 a share, for the
        quarter ended December 31, 1995, the first quarter of its 1996
        fiscal year. This compares to net income of $35 million, or 50 cents
        a share, for the same quarter a year ago.  Sales and operating
        revenues were $3.1 billion for the first quarter of 1996, compared
        to $2.9 billion a year ago.
        


            As previously announced, results for the quarter just ended
        include an after-tax gain of $48 million, or 74 cents a share, from
        the settlement of Ashland Exploration's claims in the bankruptcy
        reorganization of Columbia Gas
Transmission and Columbia Gas
        Systems
. Excluding this gain, net income increased 13 percent
to $39
        million, while earnings per share increased 10 percent to 55 cents,
        despite a nearly 5 percent increase in the average number of shares
        outstanding.
        


            "The year is off to an encouraging start," said Ashland Chairman
        and Chief Executive Officer John R. Hall.  "Ashland Petroleum
        substantially improved its results.  Valvoline's performance
        recovered.  APAC had an excellent quarter, and Ashland Chemical had
        good operating profit, although it was down from the record level of
        a year ago when unusually high methanol prices benefited chemical
        earnings.  Natural gas volumes and prices improved, contributing to
        better results from Ashland Exploration.  Ashland Coal had a
        reasonably strong quarter, and Arch Mineral returned to
        profitability, compared to the last half of fiscal 1995.  Retail
        gasoline margins were squeezed by rising wholesale gasoline costs,
        and that hurt SuperAmerica's results.  Overall, it was a reasonable
        December quarter, given the intensely competitive conditions in the
        petroleum refining industry."
        


            "We were pleased by the improvement in Ashland Petroleum's
        results," Hall added. "Operating income was $18 million, compared to
        $2 million last year."  He noted Ashland Petroleum benefited from
        improvements in several key areas.  Gross refinery margins grew 15
        cents a barrel despite a 45-cent-a-barrel increase in crude oil and
        other input costs. Total throughput averaged about 378,000 barrels a
        day, up 17 percent from last year when the Canton, Ohio, refinery
        had a general maintenance turnaround.  Refinery expenses declined by
        34 cents a barrel compared to the same quarter a year ago, because
        of increased input and Ashland Petroleum's ongoing efforts to cut
        costs and improve efficiency.
        


            "We were encouraged by Valvoline's rebound," Hall continued.
        "Operating income was $12 million, compared to $9 million last
        year." He noted that results improved from most of Valvoline's
        product lines, reflecting new marketing initiatives and cost-control
        efforts.  Higher volumes and improved profitability from branded
        motor oil and a stronger performance from private-label products
        were major factors in the recovery.  Valvoline Instant Oil Change
        had an excellent quarter, significantly improving its operating
        income.
        


            The APAC group of highway construction operations had an
        outstanding December quarter.  Capitalizing on a strong year-end
        backlog, APAC generated record volume in the quarter, resulting in
        operating income of $23 million, up 14 percent from a year ago.
        "APAC is well positioned for the spring construction season, with a
        December 31 backlog of $616 million," Hall added.
        


            Ashland Chemical had a good quarter with operating income of $38
        million.  Although down from last year's record quarter, the decline
        was due entirely to lower methanol prices.  Excluding methanol
        contributions in both quarters, operating income improved.
        Operating income from specialty chemical businesses increased 32
        percent in the quarter just ended, highlighted by the benefits of
        last year's acquisition of specialty chemical operations from
        Aristech Chemical and an outstanding performance from the electronic
        chemicals product line. Results from distribution businesses also
        improved.
        


            The Columbia Gas settlement was the major factor affecting
        results from Ashland Exploration.  However, a 25 percent increase in
        natural gas production and a 32-cent increase in the average price
        per thousand cubic feet also contributed to improved operating
        income.  Natural gas production averaged 111 million cubic feet a
        day, due in part to a stronger market and last year's acquisition of
        additional producing properties in Appalachia.
        


            Operating income from SuperAmerica declined to $11 million, as a
        4 percent increase in gasoline volumes and stronger merchandise
        volumes and margins did not overcome lower retail gasoline margins
        and higher operating expenses associated with new store openings.
        Thirteen new units were opened during the quarter, including 9
        SuperAmerica(R) stores and four Rich(R) Oil outlets.
        


            On the strength of high sales volumes and favorable mining
        costs, Ashland Coal had a reasonably strong December quarter, with
        operating income of $17 million.  Ashland Coal has previously
        announced it expects its results for calendar 1996 to be adversely
        affected by the recent expiration of its sales contracts with
        Cincinnati Gas & Electric and by price reopeners under other
        contracts.  Ashland Coal also expects cost reduction initiatives now
        underway to partially offset the impact of these developments in
        1996 and to have even greater positive effects in calendar 1997.
        


            Results from Arch Mineral declined compared to the quarter last
        year, but returned to profitability after two quarters of equity
        losses in the second half of fiscal 1995.  Cost reductions and last
        year's restructuring of operations contributed to the improvement.
        


            Improved cash flow, reflecting the href="chap11.columbia.html">Columbia Gas settlement,
        combined with lower capital expenditures enabled Ashland to reduce
        debt by $40 million during the quarter.  As a result, debt as a
        percent of capital employed declined from 53 percent at the end of
        fiscal 1995 to 51 percent at December 31.
        


            "In summary, we remain optimistic that Ashland will have a
        better year in 1996," Hall said. "The economy has been growing at a
        pace healthy enough to stimulate demand for many of our products and
        services.  At the same time, gasoline demand remains strong, and
        inventories of both gasoline and distillate are low.  Consequently,
        we are optimistic that 1996 will be a good year for Ashland."
        


            Ashland Inc. is a large energy and chemical company engaged in
        petroleum refining and marketing; coal; highway construction; and
        oil and gas exploration and production.  Ashland Chemical is the
        largest distributor of chemicals and plastics in North America and a
        leading supplier of specialty chemicals worldwide.  Ashland's major
        consumer brands include Valvoline(R) motor oils, Zerex(R) antifreeze
        and Pyroil(R) automotive chemicals.  As one of the largest
        independent refiners in the nation, Ashland is also a leading
        regional gasoline marketer, with products marketed under the
        SuperAmerica(R) and Ashland(R) brand names.
        



                       Ashland Inc. and Subsidiaries
                     STATEMENTS OF CONSOLIDATED INCOME
              (In millions except per share data - unaudited)
        
                                                     Three months ended
                                                        December 31
                                                    1995          1994(1)
        REVENUES
        Sales and operating revenues
         (including excise taxes)                 $3,079        $2,924
        Other                                         94(2)         15
                                                   3,173         2,939
        COSTS AND EXPENSES
        Cost of sales and operating expenses       2,350         2,213
        Excise taxes on products and merchandise     238           244
        Selling, general and
         administrative expenses                     289           272
        Depreciation, depletion and amortization      98            94
        General corporate expenses                    23            25
                                                   2,998         2,848
        OPERATING INCOME                             175            91
        OTHER INCOME (EXPENSE)
        Interest expense (net of interest income)    (43)          (38)
        Equity income                                  4             6
        INCOME BEFORE INCOME TAXES                   136            59
        Income taxes                                 (44)          (16)
        Minority interest in earnings of subsidiaries (5)           (8)
        NET INCOME                                    87            35
        Dividends on convertible preferred stock      (5)           (5)
        INCOME AVAILABLE TO COMMON SHARES            $82           $30
        EARNINGS PER SHARE
        Primary                                    $1.29          $.50
        Assuming full dilution                     $1.16          $.50
        AVERAGE COMMON SHARES AND
         EQUIVALENTS OUTSTANDING
        Primary                                       64            61
        Assuming full dilution                        76            61
        
        (1) Amounts have been restated to reflect the consolidation of
             Ashland Coal, Inc.
        (2) Includes a gain of $73 million resulting from the settlement of
             Ashland Exploration's claims in the bankruptcy reorganization
             of Columbia Gas Transmission and Columbia Gas Systems.
        
                          Ashland Inc. and Subsidiaries
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                            (In millions - unaudited)
        
                                                        December 31
                                                    1995          1994(1)
        ASSETS
        Current assets
         Cash and cash equivalents                $   62        $   58
         Accounts receivable                       1,566         1,409
         Inventories                                 791           728
         Other current assets                        220           190
                                                   2,639         2,385
        Investments and other assets
         Investments in and advances to
          unconsolidated affiliates                  147           154
         Investments of captive insurance companies  200           182
         Other noncurrent assets                     498           490
                                                     845           826
        Property, plant and equipment
         Cost                                      7,125         6,809
         Accumulated depreciation, depletion
          and amortization                        (3,574)       (3,374)
                                                   3,551         3,435
                                                  $7,035        $6,646
        LIABILITIES AND STOCKHOLDERS' EQUITY
        Current liabilities
         Debt due within one year                 $  279        $  267
         Trade and other payables                  1,741         1,579
         Income taxes                                 75            45
                                                   2,095         1,891
        Noncurrent liabilities
         Long-term debt (less current portion)     1,781         1,614
         Employee benefit obligations                622           599
         Reserves of captive insurance companies     177           179
         Deferred income taxes                        41            66
         Other long-term liabilities and
          deferred credits                           413           452
                                                   3,034         2,910
        Minority interest in
         consolidated subsidiaries                   178           226
        Stockholders' equity
         Convertible preferred stock                 293           293
         Common stockholders' equity               1,435         1,326
                                                   1,728         1,619
                                                  $7,035        $6,646
        
        (1) Amounts have been restated to reflect the consolidation
             of Ashland Coal, Inc.
        
                         Ashland Inc. and Subsidiaries
                     STATEMENTS OF CONSOLIDATED CASH FLOWS
                           (In millions - unaudited)
        
                                                     Three months ended
                                                        December 31
                                                    1995          1994(1)
        CASH FLOWS FROM OPERATIONS
        Net income                                $   87       $    35
        Expense (income) not affecting cash
         Depreciation, depletion
          and amortization (2)                       101            97
         Deferred income taxes                        (9)           10
         Other noncash items                          10            --
         Change in operating assets
          and liabilities (3)                        (27)          (38)
                                                     162           104
        CASH FLOWS FROM FINANCING
        Proceeds from issuance of long-term debt       1            63
        Proceeds from issuance of capital stock        1             1
        Loan repayment from leveraged
          employee stock ownership plan                3             8
        Repayment of long-term debt                  (16)          (11)
        Increase (decrease) in short-term debt       (25)           41
        Dividends paid                               (23)          (23)
                                                     (59)           79
        CASH FLOWS FROM INVESTMENT
        Additions to property, plant and equipment   (74)         (117)
        Purchase of operations - net of
         cash acquired                               (17)          (54)
        Proceeds from sale of operations               1             2
        Investment purchases (4)                    (117)          (63)
        Investment sales and maturities (4)          114            63
        Other - net                                   --             3
                                                     (93)         (166)
        INCREASE IN CASH AND CASH EQUIVALENTS    $    10       $    17
        CASH FLOWS FROM OPERATIONS
        Income adjusted for noncash charges (5)
         Petroleum                               $    41       $    44
         SuperAmerica                                 15            19
         Valvoline                                    12            11
          Total Refining and Marketing Group          68            74
         Chemical                                     40            40
         APAC                                         26            22
         Coal                                         29            34
         Exploration                                  71             6
         Corporate (including interest expense)      (45)          (34)
        Change in operating assets and liabilities   (27)          (38)
                                                 $   162       $   104
        ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT
        Petroleum                                $    21       $    43
        SuperAmerica                                   4             9
        Valvoline                                      4             6
        Chemical                                      13            13
        APAC                                           9             9
        Coal                                          14            15
        Exploration                                    6            20
        Corporate                                      3             2
                                                 $    74       $   117
        
        (1) Amounts have been restated to reflect the consolidation of
             Ashland Coal, Inc.
        (2) Includes amounts charged to general corporate expenses.
        (3) Excludes changes resulting from operations acquired or
             sold.
        (4) Represents primarily investment transactions of captive
             insurance companies.
        (5) Net income plus expense (deduct income) not affecting
             cash.
        
                         Ashland Inc. and Subsidiaries
                        INFORMATION BY INDUSTRY SEGMENT
                       (Dollars in millions - unaudited)
        
                                                      Three months ended
                                                          December 31
                                                      1995          1994
        SALES AND OPERATING REVENUES
        Petroleum                                  $ 1,232       $ 1,229
        SuperAmerica                                   456           442
        Valvoline                                      275           268
        Chemical                                       886           818
        APAC                                           329           274
        Coal                                           164           156
        Exploration                                     56            48
        Intersegment sales                            (319)         (311)
                                                   $ 3,079       $ 2,924
        OPERATING INCOME
        Petroleum                                  $    18       $     2
        SuperAmerica                                    11            18
        Valvoline                                       12             9
         Total Refining and Marketing Group             41            29
        Chemical                                        38            47
        APAC                                            23            20
        Coal                                            17            20
        Exploration                                     79 (1)        --
        General corporate expenses                     (23)          (25)
                                                   $   175       $    91
        EQUITY INCOME
        Arch Mineral Corporation                   $     2       $     3
        Other                                            2             3
                                                   $     4       $     6
        OPERATING INFORMATION
        (mbpd  thousand barrels per day)
        Petroleum
          Product sales (mbpd) (2)                   387.0         360.0
          Refining inputs (mbpd) (3)                 378.2         321.9
          Value of products manufactured per
            barrel                                 $ 22.05       $ 21.45
          Input cost per barrel                      18.00         17.55
          Refining margin per barrel               $  4.05       $  3.90
        SuperAmerica
          Product sales (mbpd)                        75.3          72.5
          Merchandise sales                        $   139       $   132
        Valvoline lubricant sales (mbpd) (2)          20.1          17.6
        APAC backlog at December 31                $   616       $   523
        Coal (million tons sold) (4)
          Ashland Coal, Inc.                           6.0           5.5
          Arch Mineral Corporation                     6.9           7.4
        Exploration (net daily production)
          Natural gas (million cubic feet) (2)       111.0          88.9
          Nigerian crude oil (thousand barrels)       18.2          19.4
        
        (1) Includes a gain of $73 million resulting from the settlement
             of Ashland Exploration's claims in the bankruptcy
             reorganization of Columbia Gas Transmission and Columbia Gas
             Systems.
        (2) Includes intersegment sales.
        (3) Includes crude oil and other purchased feedstocks.
        (4) Ashland's ownership interest is 54% in Ashland Coal and
             50% in Arch Mineral.

        /CONTACT:  investors, Bill Hartl, 606-329-5355, or media,
        Stan Lampe, 606-329-4061, both of Ashland/



Corning Incorporated Reports Fourth Quarter and Year-End Results
        


            CORNING, N.Y.--Jan. 22, 1996-- Corning
        Incorporated (NYSE:GLW) said today that net income for its fourth
        quarter ended Dec.  31 totaled $83.5 million, or $0.37 per share.
        In 1994, fourth quarter net income was $35 million, or $0.14 per
        share. Adjusting for the impact of Dow Corning Corporation, which
        was fully reserved in the second quarter of 1995, fourth quarter
        1994 net income was $96.1 million, or $0.43 per share.  
        


            For the full year, Corning incurred a net loss of $50.8 million,
        or $0.23 per share, compared with net income of $281.3 million, or
        $1.32 per share, in 1994.  Both years include net losses from Dow
        Corning and restructuring charges.  Excluding restructuring charges
        and the losses from Dow Corning, 1995
net income was $337.7 million,
        or $1.49 per share, compared with $339.5 million, or $1.59 per
        share, in 1994.  
        


            For the fourth quarter 1995, Corning's sales increased 4 percent
        to $1.3 billion.  For 1995, sales were $5.3 billion, an increase of
        11 percent.  The sales increases were due to strong performance in
        several growth businesses: optical fiber and optical cable;
        information display products; pharmaceutical services; and
        environmental products.  Approximately 20 percent of the annual
        sales increase was the result of acquisitions completed in 1994.  

        
            Equity company results, excluding Dow Corning Corporation,
        increased slightly in the fourth quarter and 29 percent for the full
        year.  The increase was due primarily to strong performance from the
        international optical fiber equity companies.  
   

     
            Corning Board Chairman James R. Houghton said, "The fourth
        quarter results were at the low end of our expectations and reflect
        some slippage of December sales into 1996.  Over the course of the
        year, the significant profit gains achieved by the Communications
        and Specialty Materials segments and the Corning Pharmaceutical
        Services business were offset by previously indicated poor
        performance in the Consumer segment and at Corning Clinical Labs."  
      

  
            Houghton added, "As we look forward, we expect the positive
        trends in the growth businesses to continue.  However, we face
        difficult earnings comparisons in the first half as we pursue
        solutions to the profitability issues in the Consumer segment and at
        Corning Clinical Labs."  
        


            Corning Incorporated is a Fortune 500 company whose businesses
        are at the leading edge of the technologies that comprise three of
        the fastest growing segments of the global economy
        -- Communications, Environment and Life Sciences.  Its 1995 sales
        totaled $5.3 billion.



        Corning Incorporated and Subsidiary Companies
        Consolidated Statements of Income
        (In millions, except per-share amounts)
         
         
                              Year Ended              Twelve Weeks Ended
                    Dec. 31, 1995  Jan. 1, 1995   Dec. 31 ,1995   Jan. 1, 1995
                                                          (Unaudited)
        Revenues
        Net sales          $5,313.1      $4,770.5        $1,330.4
        $1,273.5
        Royalty, interest
         and dividend
         income                33.0          28.7             8.3
        7.2
                        5,346.1       4,799.2         1,338.7        1,280.7
         
        Deductions
         Cost of sales      3,386.0       3,060.9           867.4
        824.8
         Selling, general
          and administrative
          expenses          1,093.5         871.7           271.5
        238.5
         Research and
          development
         expenses             179.7         176.9            46.2
        44.1
        
        Provision for
         restructuring and
         other special
         charges               67.0         82.3
        --            --
        Interest expense      117.8        110.4             27.4
        24.8
        Other, net             36.2         37.5              4.6
        1.2
          
        Income before
         taxes on income      465.9        459.5            121.6
        147.3
        Income tax expense    154.7        170.1             39.3
        53.0
        Income before minority
         interest and equity
         earnings             311.2        289.4             82.3
        94.3
        Minority interest in
         earnings of
         subsidiaries         (66.8)       (50.7)           (13.5)
        (11.7)
        Dividends on convertible
         preferred securities of
         subsidiary           (13.7)        (6.1)            (3.2)
        (3.4)
        Equity in earnings
         (losses) of associated
         companies:
        Excluding Dow Corning
         Corporation           66.5         51.5             17.9
        16.9
        
        Dow Corning
         Corporation         (348.0)        (2.8)
        (61.1)
          
        Net Income (Loss) $   (50.8)     $ 281.3           $ 83.5       $
        35.0
         
        Earnings Per Common Share:
        Net Income (Loss)    $(0.23)       $1.32            $0.37
        $0.14
         
        Dividends Declared    $0.72        $0.69            $0.18
        $0.18
         
        Weighted Average Shares
         Outstanding          226.6        211.8            226.7
        224.9
         
        The accompanying notes are an integral part of these statements.
        
        Corning Incorporated and Subsidiary Companies
        Condensed Consolidated Balance Sheets
        (In millions)
         
                                     Dec. 31, 1995         Jan. 1, 1995
         
             Assets
         
        Current Assets
         Cash and short-term investments    $  214.9            $    161.3
         Receivables, net                      932.4                 947.1
         Inventories                           467.8                 416.7
         Deferred taxes on income and
          other current assets                 219.2                 201.2
         Total current assets                1,834.3               1,726.3
         
        Investments
         Other than Dow Corning Corporation    376.1                 352.0
         Dow Corning Corporation                --                   341.8
         
        Plant and Equipment, Net             2,031.6               1,890.6
         
        Goodwill and Other
         Intangible Assets, Net              1,416.1               1,408.0
         
        Other Assets                           329.0                 304.0
                                        $5,987.1              $6,022.7
        
         
             Liabilities and Stockholders' Equity
         
        Current Liabilities
         Loans payable                    $    146.0          $      67.6
         Accounts payable                      255.2                258.3
         Other accrued liabilities             763.9                748.3
         Total current liabilities           1,165.1              1,074.2
         
        Other Liabilities                      664.9                643.6
        Loans Payable Beyond One Year        1,393.0              1,405.6
        Minority Interest in
         Subsidiary Companies                  272.5                247.0
        Convertible Preferred Securities
         of Subsidiary                         364.7                364.4
        Convertible Preferred Stock             23.9                 24.9
        Common Stockholders' Equity          2,103.0              2,263.0
                                        $5,987.1             $6,022.7
        
        The accompanying notes are an integral part of these statements.
        
        Corning Incorporated and Subsidiary Companies
        Notes to Consolidated Financial Statements
        Quarter 4, 1995
         
        (1) Earnings per common share are computed by dividing net income
        less dividends on Series B convertible preferred stock by the
        weighted average number of common shares outstanding during the
        period.  The weighted average shares outstanding for the fourth
        quarter were 226.7 million and 224.9 million for 1995 and 1994,
        respectively, and 226.6 million and 211.8 million in fiscal years
        1995 and 1994, respectively.  Preferred dividends of $0.5 million
        and
        $0.6 million were declared in the fourth quarter of 1995 and 1994,
        respectively, and $2.0 million and $2.1 million in fiscal years 1995
        
        and 1994.  
         
        (2) Depreciation and amortization charged to operations for fiscal
        years 1995 and 1994 totaled $377.4 million and $338.4 million,
        respectively.  
         
        (3) On May 15, 1995, Dow Corning Corporation, a 50-percent owned
        equity company, voluntarily filed for protection under Chapter 11 of
        
        the United States Bankruptcy Code.  As a result of this action,
        Corning recorded an after-tax charge of $365.5 million, or $1.62 per
        
        share, in the second quarter of 1995 to fully reserve its investment
        
        in Dow Corning.  In addition, Corning discontinued recognition of
        equity earnings from Dow Corning beginning in the second quarter of
        1995.  Corning recognized equity earnings of $17.5 million, or $0.08
        
        per share, in the first quarter of 1995.  Corning recognized equity
        losses from Dow Corning totaling $61.1 million, or $0.29 per share,
        and $2.8 million, or $0.01 per share, in the fourth quarter and
        fiscal year 1994, respectively.  The 1994 amounts include an
        after-tax reduction in equity earnings of $75.9 million, or $0.36
        per
        share, as a result of charges taken by Dow Corning related to
        breast-implant litigation.  
         
        (4) Corning's effective tax rate, excluding unusual items was 32%
        and 36% for the fourth quarter of 1995 and 1994, respectively, and
        34% and 36% for fiscal years 1995 and 1994, respectively.  The
        decrease in the effective tax rate was primarily due to an increase
        in the percentage of Corning's earnings from consolidated entities
        with lower effective tax rates.  
         
        (5) During fiscal year 1995, Corning recorded a restructuring charge
        totaling $67 million ($40.5 million after tax), or $0.18 per share.
        
         
        (6) During fiscal year 1994, Corning recorded a charge totaling
        $82.3 million ($55.4 million after tax), or $0.26 per share, which
        included integration costs, transaction expenses, and certain other
        reserves, primarily related to the acquisition of Nichols Institute,
        
        Maryland Medical Laboratory and Bioran Medical Laboratory.  
         
        Subsequent Event
         
        (7) On January 16, 1996, Corning and International Technology
        Corporation signed an agreement whereby Corning will increase its
        ownership in Quanterra Incorporated from 50% to 81% in exchange for
        an investment of approximately $20 million.  As a result of this
        transaction, Corning will consolidate Quanterra's results beginning
        in the first quarter of 1996.  Quanterra provides environmental
        testing and related services.  


        CONTACT: Kathryn C. Littleton
                 (607) 974-8206
                   or
                 Paul A. Rogoski
                 (607) 974-8832
                   or
                 Investor Relations Contact:   
                 Richard B. Klein
                 (607) 974-8313
                 Katherine M. Dietz
                 (607) 974-8217


OGDEN ADOPTS NEW ACCOUNTING STANDARD

        
            NEW YORK--Jan. 22, 1996--Ogden Corporation
        (Ogden) announced today that it has elected to adopt Statement of
        Financial Accounting Standards No. 121 in the fourth quarter of
        1995.  SFAS No. 121, "Accounting for the Impairment of Long-Lived
        Assets and or Long-Lived Assets to Be Disposed Of," requires long-
        lived assets with recorded values that are not expected to be
        recovered through future cash flows to be written down to fair
        value, and assets to be disposed of be reported at the lower of
        their carrying amount or fair value.  

        
            The effect of adopting SFAS No. 121 is expected to reduce fourth
        quarter pre-tax income by a non-cash charge of approximately $50
        million.  Net income for the fourth quarter is expected to be
        reduced by approximately $35 million.  This charge will be in
        addition to the previously announced restructuring initiatives and
        related expenses  that Ogden stated would be taken during the fourth
        quarter.  As a result of this charge, Ogden said that it will post a
        loss for the fourth quarter, 1995.  A substantial portion of this
        charge represents anticipated losses on the sale of certain non-core
        businesses; Ogden expects a gain on the sale of each of its
        remaining non-core businesses in 1996.
   

     
            Separately Ogden announced that it expects to release earnings
        on or about February 5, 1996.
      

  
            Ogden Corporation is a leading global service company focusing
        on entertainment, aviation, and independent power.  Common stock of
        Ogden (OG) is traded on the New York Stock Exchange.
        


        CONTACT:  Ogden Corp., New York,
                  Quintin G. Marshall, 212/868-5421
        



        TELULAR CORP. REPORTS FIRST QUARTER RESULTS AND ANNOUNCES MAJOR
        RESTRUCTURING OF OPERATIONS

        
            BUFFALO GROVE, Ill., Jan. 22, 1996 -- Telular
Corporation
        (Nasdaq-NNM: WRLS) today announced a major restructuring initiative
        and its financial results for the first quarter of fiscal 1996,
        which ended December 31, 1995.
        


        First Quarter Results
        

    Net revenues fell 40.9 percent to $4.03 million from $6.82
        million in the comparable quarter a year ago and from $9.35 million
        in the previous quarter.  The net loss for the first quarter totaled
        $5.23 million, or ($0.22) per share, against a net loss of $4.86
        million, or ($0.21) per share, a year earlier.  The lower revenue
        was the result of weaker foreign sales, particularly from South and
        Latin America, a region that contributed heavily to sales in the
        prior periods, but where a combination of weaker economic conditions
        and lack of access to hard currency inhibited reorders.  The company
        also accepted the return of GSM PhoneCell units from a Middle East
        distributor.  The units have been returned for rework to correct
        interoperability shortcomings and will be updated for fax-and-data
        capability.

        
            "Last November we announced that revenues for the quarter would
        be below the prior quarter and that we would be unable to sustain
        quarter to quarter improvements we have experienced in recent
        periods. The next two quarters will also be affected by delays in
        deployment of our customized PhoneCell product into Motorola's
        wireless local loop (WLL) program in Hungary, previously anticipated
        to begin in the second fiscal quarter.  The delays are due to
        changes to required customer specifications that necessitate further
        product functionality enhancements," advised William L. De Nicolo,
        Telular's Chairman and CEO.
   

     
        Restructuring Enacted
      

      The company also announced a major restructuring program.
        Manufacturing and engineering consolidation and outsourcing, and the
        elimination of non-core product lines are planned.  The company's
        Puerto Rico and Illinois manufacturing facilities will be closed and
        production transferred to Telular's Atlanta facility, thereby
        substantially reducing fixed manufacturing costs.  These actions
        will also result in reduced general and administrative expenses
        Company-wide.  Headcount will be reduced from 250 to approximately
        150 by the end of the third fiscal quarter.  Preliminary estimates
        for restructuring charges anticipated for the second fiscal quarter
        range from $7-9 million, consisting primarily of non-cash write-offs
        of goodwill, inventories and leasehold improvements.
        


            "Our continued difficulty in predicting demand from the immature
        marketplaces served by our products underscores the importance of
        reducing fixed costs and properly aligning expenses to attainable
        levels of revenue.  We have and will continue to alter our business
        strategy accordingly, added De Nicolo.  Our immediate focus is
        clearly on restructuring for profitability and the ongoing
        development of the market driven products needed to reach our long
        term goal of product and technological dominance in the worldwide
        fixed wireless and domestic PCS markets.  On a more positive note, I
        am pleased to report that our investment in CDMA and GSM fax-and-
        data capable PhoneCell products are on target with introductions
        scheduled beginning mid 1996."
        


            Founded in 1986, Telular has developed telecommunications
        interface technology that switches a standard phone system, fax,
        computer modem or monitored alarm system to available wireless
        service for either primary or back-up communications.  The line of
        fixed wireless products developed and marketed by Telular includes
        the PhoneCell(TM) line of products, the modular PhoneCell CPX(TM),
        the PCSone(TM) intelligent docking station and the AXCELL cellular
        mobile data interface.
        



        TELULAR CORPORATION
        Condensed Consolidated Statements of Operations
        Unaudited
                                     Three Months ended December 31,     %
                                             1995         1994        Change
        
        Total Net Sales                    $4,028,325   $6,819,805   -40.9%
        Cost of Sales                       3,742,170    5,425,103     ---
          Gross Profit                        286,155    1,394,702     ---
        
        Selling, general and
          administrative expenses           5,731,105    6,890,676   -16.8%
        Loss from operations               (5,444,950)  (5,495,974)    ---
        Other income (expense)                214,734      631,681     ---
        
        Net income (loss)                 ($5,230,216) ($4,864,293)     nm
        
        Net loss per common share              ($0.22)      ($0.21)     nm
        Weighted average number of common
          shares outstanding               23,716,289   23,219,338     ---
        
        Consolidated Balance Sheets
        Unaudited
                                          December 31,  September 30,
                                              1995          1995
        Assets
        Current Assets                    $45,024,848  $42,721,267
        Property & Equipment (net)          4,277,950    3,851,250
        Other Assets                        8,095,935    8,174,713
          Total Assets                    $57,398,733  $54,747,230
        
        Liabilities & Stockholders' Equity
        Liabilities                       $24,470,048  $16,791,455
        Total Stockholders' Equity         32,928,685   37,955,775
          Total Liabilities
            and Stockholders' Equity      $57,398,733  $54,747,230

        /CONTACT:  Dan Wagster, Executive Vice President & CFO, or Steve
        McConnell, Director of Finance, of Telular Corporation, 708-465-4500/



        MARCH 15, 1996 DEADLINE SET FOR ASBESTOS
CLAIMANTS LAST DAY TO FILE
        PROOFS OF CLAIM AGAINST THE CELOTEX CORPORATION AND CAREY CANADA
        INC. FOR PERSONS WITH ASBESTOS-RELATED INJURIES

        
            WASHINGTON, Jan. 22, 1996 -- The United States
Bankruptcy
        Court for the Middle District of Florida, Tampa Division has set
        March 15, 1996, no later than 5:00 p.m., Central Time, as the last
        day that all persons who have or may have asbestos bodily injury
        claims against The Celotex Corporation
and/or Carey Canada Inc.
must
        file a proof of claim.
        


            Any such person who fails to file a proof of claim by the above
        deadline shall be forever barred from asserting any such claim
        against Celotex or Carey Canada and shall not be permitted to vote
        on any plan or plans of reorganization, participate in any
        distribution in the Celotex and Carey Canada bankruptcy cases on
        account of such claim, or receive further notices regarding such
        claim or the Celotex and Carey Canada bankruptcy case; provided,
        however that any such person who manifests an asbestos-related
        injury prior to March 15, 1996 shall not be precluded from asserting
        a claim for a different asbestos-related injury manifested
        subsequent to March 15, 1996 against a trust established pursuant to
        a confirmed plan or plans of reorganization for Celotex and Carey
        Canada if the different asbestos-related injury is valued at a
        higher level than the previous asbestos-related injury by such
        trust.
        


            Celotex and Carey Canada have filed a plan of reorganization
        with the bankruptcy court which establishes a trust to provide,
        among other things, compensation to current and future holders of
        asbestos bodily injury claims.  Holders of properly filed claims
        whose claims are estimated by the bankruptcy court will be entitled
        to vote to accept or reject the plan and will be considered for
        compensation if the bankruptcy court confirms the plan.
        


            A hearing to consider confirmation of the plan is scheduled for
        June 10, 1996 at 9:00 a.m., Eastern Time.
        


            Celotex and Carey Canada  filed for bankruptcy protection under
        Chapter 11 of the United States Bankruptcy Code on October 12, 1990.
        Celotex is a major manufacturer of building and roofing products for
        residential and commercial use.  Carey Canada, a wholly-owned
        subsidiary of Celotex, was formerly engaged in the mining, milling,
        and processing of asbestos fiber.
        


            Persons who want further information should call 1-800-353-5233
        or write Claims Agent/Balloting Agent, P.O. Box 1536, Minneapolis,
        MN 55440-1536.
        



                     Public Service Announcement Attached
        
                                 ASBESTOS ALERT
                           PUBLIC SERVICE ANNOUNCEMENT
                 ATTENTION PERSONS WITH ASBESTOS-RELATED INJURY.
        
            The Celotex Corporation and Carey Canada Inc. have filed a plan
        of reorganization in United States Bankruptcy Court.  The plan
        establishes a trust to compensate persons who have asbestos bodily
        injury claims.
        
            The bankruptcy court has set March 15, 19-96 as the last date by
        which a proof of claim must be filed by persons who have or may have
        claims for asbestos bodily injury against Celotex and/or Carey
        Canada. Holders of properly filed claims whose claims are estimated
        by the bankruptcy court will be entitled to vote to accept or reject
        the plan and will be considered for compensation if the bankruptcy
        court confirms the plan.
        
            A hearing to consider confirmation of the plan is scheduled for
        June 10, 19-96 at 9:00 a.m., Eastern Time.
        
        For Further Information
        Call 1-800-3-5-3-5-2-3-3
        or
        Write: Claims Agent/Balloting Agent
        P.O. Box 1-5-3-6
        Minneapolis, MN  5-5-4-4-0-1-5-3-6

        /CONTACT:  Katherine Kinsella for the United States Bankruptcy Court
        for the Middle District of Florida, Tampa Division, 202-686-4111/


BRINKER INTERNATIONAL, INC. REPORTS REVENUES UP
        17.5 PERCENT FOR THE SECOND FISCAL QUARTER AND UP 17.3 PERCENT YEAR-
        TO-DATE

        
            DALLAS--Jan. 22, 1996--Brinker International,
        Inc. ("Brinker" or the "Company") reported revenues of $289.7
        million for the second fiscal quarter ended Dec. 27, 1995, an
        increase of 17.5 percent over the $246.6 million reported for the
        same quarter of fiscal 1995.  Capacity (as measured by store weeks)
        increased 19.1 percent for the quarter while average weekly sales
        declined 1.5 percent.  Excluding restructuring related items, net
        income declined 19.6 percent from $16.1 million to $12.9 million and
        primary net income per share declined 22.7 percent from $0.22 to
        $0.17.  
        


            Revenues for the six month period of fiscal 1996 rose 17.3
        percent to $579.1 million from $493.7 million reported for the same
        period last fiscal year.  For the six months, capacity increased
        19.8 percent and average weekly sales declined 2.2 percent.
        Excluding restructuring related items, net income declined 17.7
        percent from $34.6 million to $28.5 million, while primary net
        income per share declined 19.6 percent from $0.46 to $0.37.  
        


            In October 1995, the Board of Directors approved a strategic
        plan intended to support the Company's long term growth target that
        focuses on continued development of those restaurant concepts that
        have the greatest return potential for the Company and its
        shareholders.  The Company recorded a $50.0 million restructuring
        charge in the second quarter to cover the costs related to execution
        of this plan.  In addition, Brinker completed the previously
        announced sales of the Grady's American Grill, Spageddies Italian
        Kitchen, and the Kona Ranch Steak House concepts during the quarter,
        recognizing a gain of $9.3 million.  Including the restructuring
        related items, the net loss and primary net loss per share for the
        second quarter were $13.6 million and $0.18, respectively, while
        year-to-date net income and primary net income per share were $2.0
        million and $0.03, respectively.  
        


            Brinker owns and operates six restaurant concepts under the
        names of Chili's Grill & Bar, Romano's Macaroni Grill, On The Border
        Cafes, Cozymel's - A Very Mexican Grill, Maggiano's Little Italy,
        and Corner Bakery.


        
                            BRINKER INTERNATIONAL, INC.
                     CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                       (In thousands, except per share amounts)
                                     (Unaudited)
        
                                       13 Weeks Ended       26 Weeks Ended
                                    -------------------   ------------------
                                    Dec. 27,   Dec. 28,   Dec. 27,  Dec. 28,
                                      1995       1994       1995      1994
                                    --------   --------   --------  --------
        
           Revenues                     $289,656   $246,607   $579,116
        $493,679
                                    --------   --------   --------  --------
           Costs and Expenses
        Costs of Sales                83,675     67,097    167,333   133,373
        Restaurant Expenses          156,109    128,475    309,014   255,322
        Depreciation and
         Amortization                 16,201     14,163     32,273    27,949
        General and Administrative    13,578     12,636     26,575    24,860
        Interest Expense                 892         --      1,659        --
        Gain on Sales of Concepts     (9,262)        --     (9,262)       --
        Restructuring Charge          50,000         --     50,000        --
        Other, Net                      (687)      (492)    (1,593)   (1,309)
                                    --------   --------   --------  --------
        
        Total Costs and Expenses     310,506    221,879    575,999   440,195
                                    --------   --------   --------  --------
        
           Income (Loss) Before
        Provision for Income Taxes   (20,850)    24,728      3,117    53,484
        
           Provision for Income Taxes     (7,297)     8,655      1,091
        18,863
                                    --------   --------   --------  --------
        
          Net Income (Loss)         $(13,553)  $ 16,073   $  2,026  $ 34,621
                                            
           Primary Net Income (Loss)
        Per Share                   $  (0.18)  $   0.22   $   0.03  $   0.46
                                            
        
           Primary Weighted Average
        Shares Outstanding            76,626     74,391     76,932    74,584
                                            
        
                         BRINKER INTERNATIONAL, INC.
                                UNITS SUMMARY
        
                         Total Units  Second Quarter Fiscal 1996   Total Units
                           Sept. 27,  ---------------------------    Dec. 27,
                             1995     Openings  Closings   Sales      1995
                         -----------  --------  --------  -------  -----------
           Company Units:
         Chili's              330         11       (2)       --        339
         Macaroni Grill        54          7       --        --         61
         On The Border         17          2       --        --         19
         Cozymel's              4          2       --        --          6
         Maggiano's             3         --       --        --          3
         Corner Bakery          5          1       --        --          6
         Grady's               49          1       (4)      (42)         4
         Spageddies            15          1       (6)       (6)         4
         Kona Ranch             1         --       --        (1)        --
                         -----------  --------  --------  -------  -----------
                              478         25      (12)      (49)       442
                                 
        
           JV/Franchise Units:
         Chili's              116          7       --        --        123
         Macaroni Grill         1          1       --        --          2
         On The Border          4         --       --        --          4
         Spageddies             5          1       --        (6)        --
         Wildfire              --          1       --        --          1
                         -----------  --------  --------  -------  -----------
                              126         10       --        (6)       130
                                 
        
           Total Units:
         Chili's              446         18       (2)       --        462
         Macaroni Grill        55          8       --        --         63
         On The Border         21          2       --        --         23
         Cozymel's              4          2       --        --          6
         Maggiano's             3         --       --        --          3
         Corner Bakery          5          1       --        --          6
         Wildfire              --          1       --        --          1
         Grady's               49          1       (4)      (42)         4
         Spageddies            20          2       (6)      (12)         4
         Kona Ranch             1         --       --        (1)        --
                         -----------  --------  --------  -------  -----------
                              604         35      (12)      (55)       572
                                 

        CONTACT:  Brinker International, Inc.,
                  Debra Smithart, executive vice president and
                   chief financial officer, 214/980-9917