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                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                                   FORM 11-K

                                 ANNUAL REPORT
                        PURSUANT TO SECTION 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

    (mark one):
              [ X ]  ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
                     EXCHANGE ACT OF 1934 (FEE REQUIRED)

                     For the fiscal year ended September 30, 1994

              [   ]  TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
                     SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

                     For the transition period from _______  to  _________


    COMMISSION FILE NO. 1-2700

              a.  Full title of the plan and the address of the plan, if
                  different from that of the issuer named below:

                  Zapata Haynie Corporation Profit-Sharing/ Savings Plan

              b.  Name of the issuer of the securities held pursuant to the plan
                  and the address of its principal executive office:

                  Zapata Corporation
                  One Riverway, Suite 2200
                  Houston, Texas 77056