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REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Stockholders and Board of Directors,
Zapata Corporation:
Our report on the consolidated financial statements of Zapata Corporation and
subsidiaries as of and for the year ended September 30, 1994, is included on
page 30 of this Form 10-K. In connection with our audit of such financial
statements, we have also audited the related financial statement schedule for
the year ended September 30, 1994 listed in Item 14(a)(2) of this Form 10-K.
In our opinion, the financial statement schedule referred to above, when
considered in relation to the basic financial statements taken as a whole,
present fairly, in all material respects, the information required to be
included therein.
Coopers & Lybrand L.L.P.
Houston, Texas
December 16, 1994
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