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I

tem 5.Other Events
 
  In connection with its decision to retain its marine protein operations which
had previously been reported as a discontinued operation, Zapata Corporation
(the "Company") has reclassified its consolidated financial statements for the
fiscal years ended September 30, 1992, 1993 and 1994 as set forth herein to
reflect those marine protein operations as continuing operations for those
periods.
 
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