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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 years ended September 30, 1995 and 1994, is
included on page 23 of this Form 10-K. In connection with our audits of such
financial statements, we have also audited the related financial statement
schedule for the year ended September 30, 1995 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,
presents fairly, in all material respects, the information required to be
included herein.
Coopers & Lybrand L.L.P.
Houston, Texas
December 15, 1995
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