SHORT SECURITY

DESCRIPTION

PACIFIC GAS & ELECT.
PACIFIC PETROLEUMS

PAN AMERICAN SULPHUR
PAN AHER WORLD AIRHY
PANACON CORP

PANHANDLE EAST. PIPE
PARKER PEN CO
PARKER PEN CO WI
PENCUR INC

PENN. CENTRAL CO.

J.C. PENNEY CO. INC.
PENNZOIL UNITED, INC
PEOPLES GAS COMPANY
PEPISCO INC.

PET INC.
CHAS. PFIZER

PHELPS DODGE CORP.
PHILADELPHIA ELEC CO
PHILIP NORRIS, INC.
PHILIPS INDUSTR INC.
PHILLIPS PETROLEUN
PIPER JAFFRAY INC
PITNEY-BOVES, INC.
PITTSTON COMPANY
PLESSEY CO., LTD

POLAROID CORPORATION
PORTEC INC.

RPD WT

POTLATCH FORESTS INC
POTOMAC ELEC. POWER
PROCTOR & GAMBLE CO.
PUBLIC SERVICE CO CO
PUB SERV CO INDIANA
PUB. SERV IND 3 1/2%
PUB SERV IND 4.16 PF
PUB SERV IND 4.32 PF
PUB. SERV ELEC & GAS
PULLMAN INC.

PUREX CORPORATION
QUAKER OATS CO.
RCA CORP

RALSTON PURINA CO.

RAMADA INNS

RAPID AMERICAN CORP.

RAPID AMER HTS

RATH PACKING CO

RAYTHEON CO.

REPUBLIC STEEL CORP.

REVERE COPPER-BRASS
REVLON, INC.

REX CHAINBELT

RJ REYNOLDS IND.
REYNOLDS METALS CO.

ROAN SELECTION TRUST
ROHR IND INC

ROYAL DUTCH PETRO CO
RYDER SYSTEM INC
SCI CORPORATION
SAFEWAY STORES INC
ST. JOSEPH MINERAL
ST. LOUIS NAT STYDS.
ST. LOUIS-S.F. RWY.

SHORT SECURITY

DESCRIPTION

ST. REGIS PAPER CO.
SANDERS ASSOC., INC.
SANGANO ELECTRIC CO.
SANTA FE INDUSTRIES
SANTA FE IND 50+C/P
SARGENT-WELCH
SAXON IND COMMON
SCHERING PLOUGH

SCHLUMBERGER,N.V.
SCOTT & FETZER CO
SCOTT PAPER COMPANY
SEABOARD WORLD AIRL.
G. D. SEARLE & CO.
SEARS ROEBUCK & CO
SEATRAIN LINES INC
SEILON, INC.

SHELL OIL COMPANY
SIGNAL COMPANIES INC
SIGNODE CORPORATION
SINGER COMPANY
SKYLINE CORP
SMITH-KLINE-FRENCH
SO. CALIF EDISON CO
SOUTHERN COMPANY
SOUTHERN PACIFIC CO.
SOUTHWESTERN ELEC
S.H. PUB. SERV. CO.
SPERRY-RAND CORP.
SQUARE D COMPANY
SQUIBB CORP
STAND AMERICA CORP
STANDARD BRANDS INC
STAND. DREDGING CORP

STAND. DREDGING, PFD
STAND. KOLLSMAN IND.
STANDARD OIL CALIF

STANDARD OIL INDIANA

STANDARD OIL N. J.

STAND. OIL CO. OHIO
STAND. OIL OHIO PFD
STANRAY CORPORATION
STARR BROADCASTING
STARR BROADCAST. WTS
STERLING DRUG, INC.
STERLING PRECISION

STEWART-WARNER CORP
STOKLEY VAN CAMP INC
STUDEBAK-HORTHINGTON
SUN OIL COMPANY

SUN OIL CO. CONV PFD
SUNBEAM CORPORATION
SUNDSTRAND CORP
SUPER FOOD SERVICES
SWIFT & CO.
TRW INC.

TAMPA ELECTRIC
TEKTRONIX, INC.
TELEDYNE, INC.

TELEX CORP

TENNECO INC.

TENNECO WT EX 1979

SHORT SECURITY

DESCRIPTION

TENNECO HT A EX 1975
TEXACO, INC

TEXAS EAST. TRANSH.
TEXAS GAS TRANS. CO.
TEXAS GULF SULPHUR
TEXAS INSTRUMENTS
TEXAS UTILITIES CO.
TEXTRON, INC.
TEXTRON WARRENTS
THIOKOL CHEMICAL

JOHN R. THOMPSON CO.
THOR POWER TOOL
TIMKEN ROLLER BRG.
TOLEDO EDISON CO.

TRANE CO

TRANS WORLD AIRLINE
TRANSAHERIA CORP.

TRAVELERS CORP.
TRI-CONTENTAL CORP
TWENTY CENTURY-FOX
UAL INC

UNC INDUSTRIES
UNION CAMP CORP.
UNION CARBIDE CORP

UNION ELECTRIC CO

UCL PR

UNION OIL CO. CALIF.
UNION OIL CALIF. PFD
UNION PACIFIC CORP
UNIROYAL, INC.

UNITED AIRCRAFT

UNITED BRANDS COMMON

UNITED CORPORATION

UNITED NUCLEAR CORP

U.S.
U.S.

GYPSUM CO.

INDUSTRIES INC. U.S. PLY-CHAMP PAPER U.S. SMELT. REF.& M. US SMELT,REF&MIN WT U.S. STEEL CORP. UNITED UTILITIES UNITED UTILITIES WTS UNIVERSAL OIL PRODS.

UNIVERSITY COMPUTING

UPJOHN COMPANY

USLIFE CORP.

VARIAN ASSOCIATES

VIACOM INT INC

VIRGINIA ELEC-POWER

VORNADO, INC.

WALGREEN CO.

JIM WALTER CORP
HARNER CUM

WARNER LAMBART CO.
DEL E. WEBB CORP.
WESTERN AIRLINES INC

WESTERN BANCORP.

WESTERN UNION CORP

WESTINGHOUSE ELEC.

WESTINGHOUSE ELEC PF

WESTVACO CORPORATION

WEYERHAEUSER CO.

EXHIBIT M

Memorandum to: Steering Committee

Messrs. Robert L. Edwards, Bank of New York
Robert J. Pollock, Chase Manhattan Bank
Carl W. Desch, First National City Bank
Herbert W. Nannen, Chemical Bank

Henry J. Rohlf, Morgan Guaranty Trust Co.
Walter F. Thomas, Manufacturers Hanover TrustCo.
Joseph A. Rice, Irving Trust Co.

Edward A. Lesser, Bankers Trust Co.

Eugene T. Mann, Marine Midland Bank

Thomas A. Melfe, United States Trust Co.

John Sadlik, Franklin National Bank

As you know, next Monday will be the first business day following our April 1 deadline to require use of CUSIP numbers on stock certificates, bonds and related documents (confirmations or comparisons, reclamation forms, transfer forms, delivery tickets and bills).

The Joint Industry Control Group requests that each member bank monitor incoming documents on which CUSIP numbers should now appear, and be able to report periodically the percentage of those documents which comply. It is believed that only in this manner will we be able to enforce compliance.

New York Clearing House

March 30, 1972

John F. Lee

Copy to: Joint Industry Control Group

Messrs. Alexander & Lowrie,(ABA) and
Rothmayer (Bankers Trust)