<PAGE>
 
             ZAPATA HAYNIE CORPORATION PROFIT-SHARING/SAVINGS PLAN
             -----------------------------------------------------

              STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
              ---------------------------------------------------

                               SEPTEMBER 30, 1993
                               ------------------

<TABLE>
<CAPTION>
 
                                                       Money Market/              Zapata
                                                        Guaranteed      Fixed     Common
                                            Equity      Investment     Income     Stock      Loan
                                             Fund      Contract Fund    Fund       Fund      Fund        Total
                                          -----------  -------------  ---------  --------  ---------  -----------
<S>                                       <C>          <C>            <C>        <C>       <C>        <C>
 
ASSETS:
   Investment in Zapata Corporation
    Master Profit-Sharing Trust -          
    Schedule I (Exhibit 1)                 $1,165,757     $3,119,898   $162,097   $80,472  $       -   $4,528,224
 
   Contributions receivable-
    Employee                                   10,507            546      2,761         -          -       13,814
    Employer                                    5,120        387,143        789       189          -      393,241
    Loans to participants                           -              -          -         -    133,436      133,436
                                           ----------     ----------   --------   -------   --------   ----------
                                            1,181,384      3,507,587    165,647    80,661    133,436    5,068,715
                                           ----------     ----------   --------   -------   --------   ----------
 
LIABILITIES:
    Refunds payable to                     
     participants                              14,493         12,253      3,111     4,443          -       34,300
                                           ----------     ----------   --------   -------   --------   ---------- 
NET ASSETS AVAILABLE FOR PLAN              
 BENEFITS                                  $1,166,891     $3,495,334   $162,536   $76,218   $133,436   $5,034,415
                                           ==========     ==========   ========   =======   ========   ==========

</TABLE>

   The accompanying notes are an integral part of these financial statements.

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