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From: "Thomas O'Donnell" <todonnel@otcdev13.silver2.lehman.com>
Date: Tue, 18 Oct 1994 13:05:05 -0400

A White Knight for AFU?

NEW YORK. The ongoing AFU saga grew more complicated yesterday as legendary investor Warren Buffett emerged as a buyer of AFU shares. Buffett, widely respected as a "value" investor and famous for taking the long-term view, acknowledged that he had been buying on price weakness since Labor Day.

As word of Mr. Buffett's involvement spread among traders, share prices rallied, precipitating short-covering activity which in turn further buoyed the stock. CAlling from the equity trading desk at Bear, Stearns, the Anglican/Episcopalian trading powerhouse, Allen "Ace" Greenberg said "You can't be short this stock! The fuckin' lemurs are getting their fuckin' faces ripped off!" "Lemur" is a recent street slang expression for short-seller.

Asked to comment, Mr. Buffett said "This is an investment, pure and simple. I do not intend further increases in my position, nor will I be seeking a seat on the board. I do not expect that any Federal Trade Commission filing will be necessary. Mr. Buffett's ownership of a large block of AFU stock would, of course, be a serious impediment to a hostile takeover. It was widely rumored that Mr. Buffett, who has a 20% position in Salomon, Inc, the Anglican/Episcopalian bond-trading powerhouse, might also seeks a position in AFU's loose affiliate, ASB.

AFU soared to end the day up 3 points to 27 3/8 on record volume of 2 million shares, or 2.56% of all shares outstanding. Berkshire Hathaway, Mr. Buffet's investment vehicle, closed unchanged at 19,025 on volume of 3 shares.