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                             TABLE OF CONTENTS


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Notice of Annual Meeting of Stockholders

Proxy Statement
   Voting Securities . . . . . . . . . . . . . . . . . . . .  1
   Certain Beneficial Owners . . . . . . . . . . . . . . . .  3
   Election of Directors . . . . . . . . . . . . . . . . . .  4
   Nominees. . . . . . . . . . . . . . . . . . . . . . . . .  4
   Continuing Directors. . . . . . . . . . . . . . . . . . .  5
   Board of Directors and Committees of the Board. . . . . .  6
   Security Ownership of Management. . . . . . . . . . . . .  8
   Executive Compensation. . . . . . . . . . . . . . . . . .  9
   Compliance with Section 16(a) of the Exchange Act . . . . 13
   Certain Relationships and Related Transactions. . . . . . 13
   Report of the Compensation Committee. . . . . . . . . . . 15
   Compensation Committee Interlocks and Insider . . . . . . 16 
    Participation
   Stockholder Return Performance Graphs . . . . . . . . . . 18
   Reverse Stock Split . . . . . . . . . . . . . . . . . . . 19
   Ratification of the Appointment of Independent. . . . . . 25
    Accountants 
   Stockholder Proposal on Cumulative Voting . . . . . . . . 25
   Other Matters . . . . . . . . . . . . . . . . . . . . . . 27
   Stockholder Proposals for 1995 Annual Meeting of. . . . . 28  
    Stockholders 
   Exhibit A . . . . . . . . . . . . . . . . . . . . . . . . 29