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                               POWER OF ATTORNEY


          WHEREAS, Zapata Corporation, a Delaware corporation (the "Company"),
intends to file with the Securities and Exchange Commission (the "Commission")
under the Securities Exchange Act of 1934, as amended (the "Act"), an annual
report on Form 10-K for the fiscal year ended September 30, 1995 (the "Form 10-
K") pursuant to the Act and the rules and regulations of the Commission
promulgated thereunder;

          NOW, THEREFORE, the undersigned in the capacity of a director, officer
or both a director and officer of the Company, as the case may be, does hereby
appoint Joseph L. von Rosenberg III and Lamar C. McIntyre, and each of them,
severally, as his true and lawful attorney or attorneys-in-fact with full power
of substitution and resubstitution, to execute in his name, place and stead, in
his capacity as director, officer or both, as the case may be, the Form 10-K and
any and all documents necessary or incidental in connection therewith, including
without limitation any amendments to the Form 10-K, and to file the same with
the Commission. Each of said attorneys-in-fact shall have full power and
authority to do and perform in the name and on behalf of the undersigned in any
and all capacities, every act whatsoever necessary or desirable to be done in
the premises as fully and to all intents and purposes as the undersigned might
or could do in person, the undersigned hereby ratifying and confirming the acts
that said attorneys-in-fact and each of them, or their or his substitutes or
substitute, may lawfully do or cause to be done by virtue hereof.

            IN WITNESS WHEREOF, the undersigned has executed this power of
attorney as of the 20th day of December, 1995.



                                   [SIGNATURE OF MALCOLM I. GLAZER APPEARS HERE]
                                   ---------------------------------------------
                                   Malcolm I. Glazer