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Item 1 (a). Name of Issuer:

Zapata Corporation

Item 1 (b). Address of Issuer's Principal Executive Offices:

P.O. Box 4240
Houston, TX 77210-4240

Item 2 (a). Name of Persons Filing:

Heine Securities Corporation and Michael F. Price

Item 2 (b). Address of Principal Business Office:

51 J.F.K. Parkway
Short Hills, New Jersey 07078

Item 2 (c). Citizenship:

Heine Securities Corporation is a Delaware corporation. Michael F. Price is a
United States citizen.

Item 2 (d). Title of Class of Securities:

Common Stock, $0.25 Par Value

Item 2 (e). Cusip Number:  989070107

Item 3. The persons filing this Schedule 13G are:

An investment adviser registered under Section 203 of the Investment Advisers
Act of 1940; Mr. Price is President of Heine Securities Corporation.

Item 4. Ownership.

(a) Amount Beneficially Owned:  1,150,941


(b) Percent of Class:  0.8%


(c) Number of shares as to which Heine Securities Corporation and Michael F.
    Price have:

(i) sole power to vote or direct the vote: 1,150,941


(ii) shared power to vote or direct the vote: 0

(iii) sole power to dispose or to direct the disposition of: 1,150,941


(iv) shared power to dispose or to direct the disposition of: 0


Item 5. Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following       [X]

Item 6. Ownership of More Than Five Percent on Behalf of Another Person:

        Not Applicable

Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company: Not Applicable

Item 8. Identification and Classification of Members of the Group:

        Not Applicable

Item 9. Notice of Dissolution of Group: Not Applicable

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.

Signatures.

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.

HEINE SECURITIES CORPORATION


By: /s/ Michael F. Price
   Michael F. Price
   President

MICHAEL F. PRICE


/s/ Michael F. Price


Dated:  February 8, 1994