OTHER NEWS - June 22, 1995

H&R; Block 4th-Quarter Profits Dip 47%: For the three months ended April 30, H&R; Block Inc. earned $103.3 million, or 98 cents per share, compared to earnings of $194.3 million, or $1.81 per share, for that quarter a year ago. Revenue for the quarter was $774 million, close to the $774.7 million figure for the quarter last year. The Kansas City, Mo.-based company attributed the earnings fall to its $101.9-million acquisition of Spry Inc., a leading Internet software company, in April. That deal, combined with the November acquisition of Meca Software for $45 million, hurt full-year results. For the year, Block said earnings slipped to $107.2 million, or $1.01 per share, from $200.5 million, or $1.88 per share, the year before. Block also said its CompuServe Inc. unit outperformed its tax preparation subsidiary for the year, the first time that has happened. CompuServe had record pretax earnings for the year of $150.1 million, up 47% from fiscal 1994.