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ITEM 5.   OTHER EVENTS

               The information set forth in the press release issued by Zapata
          Corporation on March 31, 1995 and filed as an Exhibit hereto is
          incorporated by reference.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS.

          (c)  Exhibits

                    Exhibit 99.1 - Press Release of Zapata Corporation issued on
          March 31, 1995.