<PAGE>
 
                                                                       EXHIBIT 1
                                                                       Continued

                 ZAPATA HAYNIE CORPORATION PROFIT-SHARING PLAN
                 ---------------------------------------------

                 ZAPATA CORPORATION MASTER PROFIT-SHARING TRUST
                 ----------------------------------------------


                    STATEMENT OF PARTICIPATING PLANS' EQUITY
                    ----------------------------------------

                               SEPTEMBER 30, 1992
                               ------------------

<TABLE>
<CAPTION>
 
 
                                                        Money Market/                Zapata
                                                         Guaranteed       Fixed      Common
                                             Equity      Investment      Income       Stock
                                              Fund      Contract Fund     Fund        Fund         Total
                                           ------------ -------------  -----------  ---------   ------------
<S>                                        <C>           <C>           <C>           <C>        <C>
ASSETS:
 Short-term investments                    $    37,674     $6,826,580   $  141,016   $  5,287    $ 7,010,557
 Common stock                               11,596,103              -            -    189,816     11,785,919
 Preferred stock                               400,500              -            -          -        400,500
 Corporate obligations                               -              -      898,734          -        898,734
 U.S. Government agencies                            -              -      997,998          -        997,998
 Interest and dividends
  receivable                                    47,537            725       31,856          -         80,118
 
 Cash                                           44,781         15,593        4,962      8,001         73,337
                                           -----------     ----------   ----------   --------    -----------
                                            12,126,595      6,842,898    2,074,566    203,104     21,247,163
 
LIABILITIES:
 Payables                                       29,858         22,400        3,725          -         55,983
                                           -----------     ----------   ----------   --------    -----------
 
PARTICIPATING PLANS' EQUITY
                                           $12,096,737     $6,820,498   $2,070,841   $203,104    $21,191,180
                                           ===========     ==========   ==========   ========    ===========
 
</TABLE>

           The accompanying notes to exhibit and foregoing notes to
     the financial statements of Zapata Haynie Corporation Profit-Sharing
                  Plan are an integral part of this exhibit .

                                     F-15