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From: "Thomas O'Donnell" <todonnel@otcdev13.silver2.lehman.com>
Date: Tue, 18 Oct 1994 13:04:11 -0400

AFU Retains Goldman, Sachs

NEW YORK. In a joint statement issued after the close yesterday, AFU and the Anglican/Episcopalian powerhouse Goldman, Sachs announced that AFU had engaged Goldman as an advisor for a possible merger or restructuring. "We're open at this time to any and all possibilities," said an AFU spokesperson.

"Not so," say skeptics. "The stock has been hammered, and the company is in play. The blood is in the water, and the sharks are circling," said one arb who requested anonymity. "AFU is like a menstruating woman in a national park full of bears."

Still other sources hinted that the recent relative stability of the stock price suggests that vulture funds have been nibbling at the stock. Vulture funds look for and invest in organizations that conform to the traditional meaning of FUBAR, and many have suggested that AFU would be a natural for them. "We're basically bottom feeders," admitted Myron Scholes of G.R.U.E. Associates. "It's easy to see AFU's appeal to us."

AFU closed up 1 5/8 to 24 7/8 on volume of 342,000 shares. Normal volume is 120,000.