OTHER NEWS - Jan. 4, 1996

SEC Approves Proposal for RJR Nabisco Spinoff: Federal regulators cleared the way for RJR Nabisco shareholders to vote on a proposal to spin off RJR’s food operations from its cigarette business. The Securities and Exchange Commission approved a shareholder proxy proposal made by the Glenmary Home Missioners and Maryknoll Fathers and Brothers for the company’s April annual meeting. It calls for separation of the Nabisco food business from RJR’s tobacco arm, which sells Winston and Camel cigarettes. Also, the effort of investors Bennett LeBow and Carl Icahn to carve away RJR Nabisco Holdings Corp.’s food operations moved ahead. RJR had sought to exclude the priests’ resolution, arguing that it was nearly the same as the Brooke Group proposal.