SMALL COMPANY INITIAL PUBLIC OFFERINGS: MARCH 1986

Offering First

O-T-C Size Price aftermarket

sym. Company Business/product ($ mil.) bid Underwriter

ACA a American Mutual fund 74.31 20.50 21 1/2 First

Capital management co. Boston

Management

AMCE American Claims Prov. medical 3.00 5.00 4 3/4 D. H. Blair

Evaluation bills

verification

svcs.

AIRC Assn. of Inns Provides hotel 13.50 13.50 15 1/4 Donaldson,

& Restaurants mgmt. services Lufkin

BUTI Beauticontrol Mkts. 17.60 16.00 18 Bear

Cosmetics cosmetics & Stearns

skin-care prods.

CSBN Community Savings bank 9.80 13.80 17 Merrill

Savings Lynch

Bank

COHY Consolidated Hydroelectric 30.00 15.00 15 Dillon Read

Hydro power plants

CRCC Craftmatic/ Mfrs./mkts. 12.75 8.50 8 1/2 Advest

Contour electric

adjust. beds

& chairs

ELGTU Electric & Gas Mfrs./sells 3.30 c 5.50 5 1/2 Fitzgerald

Technology electric DeArman

& gas equipment

FFAM First Family Operates retail 17.50 14.00 14 3/4 McDonald

Group appliance stores

GCCC General Mkts. computer 12.22 13.00 14 1/2 McDonald

Computer systems

GSCX General Provides 3.00 5.00 5 3/4 Steinberg

Sciences technical & Lyman

& support

services

GSO a Growth Stock Closed-end 125.00 10.00 10 1/8 Tucker

Outlook investment Anthony

company

IFEXU IFEX Mkts. medical 4.30 c 10.00 10 3/4 Evans

technology

ITXIU Interactive Mfrs./mkts. 4.54 d 8.25 8 1/2 John G.

Technologies security Kinnard

systems

R a L. F. Investment bank 157.37 20.50 23 L. F.

Rothschild Rothschild

LBSC L. S. B. Bank holding 5.34 15.25 16 Interstate

Bancshares company Securities

MCOR Marine Bank holding 10.70 23.00 25 Chicago

company Corp.

MSFT Microsoft Dvlps./mkts. 58.70 21.00 25 Goldman,

computer Sachs

software

MHCO Moore-Handley Distrs. 15.13 13.75 14 1/2 Robinson

hardware & Humphrey

building

materials

MS a Morgan Stanley Investment bank 254.25 56.50 70 Morgan

Group Stanley

NIBCA National Commercial bank 5.80 10.00 12 1/2 North

Industrial American

Bancorp Investment

NICEU National Owns/operates 2.00 e 5.00 5 1/4 Werbel-Roth

Institute vocational

of Careers schools

ORCL Oracle Systems Dvlps./mkts. 31.50 15.00 20 Alex. Brown

computer

software

PACR Pacer Mfrs. automated 3.71 5.50 6 1/4 Boettcher

ticketing

equipment

PBFI Paris Business Mfrs. business 5.25 7.50 8 3/4 Advest

Forms forms

PTEK Poly-Tech Mfrs./mkts. 14.30 11.00 12 Dain

plastic Bosworth

trash bags

RBCNU Rubicon Dvlps./sells 4.30 c 10.00 10 1/2 Rotan Mosle

computer

systems

SBTC SBT Bank holding 5.25 10.00 10 Advest

company

SUNW Sun Mkts. 32-bit 64.00 16.00 16 Robertson,

Microsystems workstations Colman

SNDT Sungard Data Provides data- 25.52 11.00 11 3/4 Alex. Brown

Systems processing svcs.

SYNR Synercom Designs/mkts. 30.00 15.00 15 3/4 Morgan

Technology mapping database Stanley

SYGN Synergen R&D of 17.60 11.00 12 Alex. Brown

biomedical

products

TKAI Teknowledge Designs/mkts. 28.34 13.00 13 Shearson

computer Lehman

software

b Teledial Mfrs./mkts. 0.60 5.00 5 1/4 Wachtel

Devices telephone dials

TELQ Telequest Designs/dvlps./ 13.13 13.00 13 1/2 Salomon

mkts. telephones Bros.

TPPS Tops Markets Operates 36.08 19.50 20 Goldman,

supermarkets Sachs

TUES Tuesday Morning Operates retail 12.60 14.00 14 3/4 Alex. Brown

discount stores

UICI United Insurance 14.50 14.50 15 1/2 Bear

Insurance holding Stearns

company

VVCOU United States Rents/sells 4.00 f 5.00 5 3/8 L. C.

Video videocassettes Wegard

a trading on NYSE;

b no symbol;

c units of 2 common + 1 warrant;

d units of 1 common + 1/2 warrant;

e units of 3 common + 1 warrant;

f units of 2 common + 2 warrants.

Initial public offerings sold at $1 or less not included. Issues without underwriters not included. First aftermarket bid is approximate.

Offering data source: GOING PUBLIC: The IPO Reporter, a publication of The Dealer's Digest Inc., 150 Broadway, New York, NY 10038.