<PAGE>
 
                                                           EXHIBIT 1
                                                           Continued

                                                           SCHEDULE I
                                                           Continued
                                     

<TABLE>
<CAPTION>
 
 
 Maturity
 Value or
  Number                                                               Market
of Shares             Description                        Cost           Value
- ---------  ------------------------------------       ----------     ----------                
<S>        <C>                                        <C>            <C>
 
           COMMON STOCK (Continued):
            Health and personal care-
    4,000    American Home Products Corporation           92,901         244,000
    3,000    Amgen Inc.                                  200,875         115,875
   16,000    Merck & Company Inc.                        323,040         492,000
    5,000    Pfizer Inc.                                 360,488         297,500
            Multi-industry-
    2,500    Minnesota Mining &                          175,858         257,188
              Manufacturing Co.
    3,000    WMX Technologies, Inc.                      119,180          91,500
            Retailing and Merchandising-
    3,000    American Stores Company                     125,715         127,125
    4,500    May Department Stores Company                35,041         195,750
    7,000    Johnson & Johnson                           325,300         275,625
    4,000    Toys R Us Inc.                              108,575         147,500
    6,000    Wal-Mart Stores Incorporated                139,680         147,750
            Technology-
    2,000    Emerson Electric Company                    121,620         117,750
    5,800    General Electric Company                    101,418         556,075
    2,500    Motorola, Inc.                              172,337         252,500
            Office business machine-
    6,000    American Telephone & Telegraph              236,610         353,250
                                                      ----------     -----------
              Total common stock                       5,777,613       9,661,804
                                                      ----------     -----------
            PREFERRED STOCK:
    6,000    Cooper Industries Inc.                      195,235         181,500
                                                      ----------     -----------
            CONVERTIBLE BONDS:
  141,000    Time Warner Inc., 8.75% convertible     
              sub. deb., due January 10, 2015            147,698         149,813
                                                      ----------     -----------
 
            SHORT-TERM INVESTMENTS:
  429,758    NationsBank, Nations Prime                  429,756         429,758
                                                      ----------     -----------
              Total Equity Fund Investments           $6,550,302     $10,422,875
                                                      ==========     ===========
 
            MONEY MARKET/GUARANTEED INVESTMENT
              CONTRACT FUND
                        
            SHORT-TERM INVESTMENTS:
  164,131    NationsBank, Nations Prime               $  164,131     $   164,131
6,729,945    IDS Trust Collective Income Fund          6,729,945       6,729,945
                                                      ----------     -----------
              Total Money Market/Guaranteed                    
               Investment Contract  
               Fund investments                       $6,894,076     $ 6,894,076
                                                      ==========     ===========
 
</TABLE>

       The foregoing notes to financial statements of Zapata Corporation
       Master Profit-Sharing Trust and Zapata Haynie Corporation Profit-
          Sharing/Savings Plan are an integral part of this exhibit.

                                     F-21