Blum Capital Partners LP – ‘SC 13D/A’ on 5/9/97 re: Frequency Electronics Inc

As of:  Friday, 5/9/97   ·   Accession #:  938775-97-5   ·   File #:  5-33022

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Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment to General Statement of Beneficial          12±    52K 
                          Ownership                                              

Document Table of Contents

UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  

SCHEDULE 13D  

Under the Securities Exchange Act of 1934 
 (Amendment No. 22)*

 FREQUENCY ELECTRONICS, INC.
(Name of Issuer)

Common Stock, Par Value $1.00 
(Title of Class of Securities)

358-010106    
(CUSIP Number)    

Murray A. Indick  
Richard C. Blum & Associates, L.P.  
909 Montgomery Street, Suite 400  
San Francisco, CA 94133   
(415) 434-1111  
(Name, Address and Telephone Number of Person 
 Authorized to Receive Notices and Communications)

May 5, 1997 
 (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to        
report the acquisition which is the subject of this Schedule 13D, and is        
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following    
box [ ].                                                                        

NOTE:  Six copies of this statement, including all exhibits, should be filed    
with the Commission.  See Rule 13d-1(a) for other parties to whom copies are    
to be sent.                                                                     

*The remainder of this cover page shall be filled out for a reporting person's  
initial filing on this form with respect to the subject class of securities,    
and for any subsequent amendment containing information which would alter       
disclosures provided in a prior cover page.                                     

The information required on the remainder of this cover page shall not be       
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange   
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of  
the Act but shall be subject to all other provisions of the Act (however, see   
the Notes).                                                                     
Page 1 of 13                                                                    

CUSIP NO. 358-010106            SCHEDULE 13D                      Page 2 of 13  

------------------------------------------------------------------------------  
1.  NAME OF REPORTING PERSON                    BK CAPITAL PARTNERS III, L.P. 

   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON              94-3091845
------------------------------------------------------------------------------  
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x]  
                                                                     (b) [ ]
------------------------------------------------------------------------------  
3.  SEC USE ONLY                                                              

------------------------------------------------------------------------------  
4.  SOURCE OF FUNDS*                                                       WC 

------------------------------------------------------------------------------  
5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                  
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------  
6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California 

------------------------------------------------------------------------------  
                  7.   SOLE VOTING POWER                                 -0-

 NUMBER OF       -----------------------------------------------------------
 SHARES           8.  SHARED VOTING POWER                                -0-
BENEFICIALLY                                                              
 OWNED BY EACH   -----------------------------------------------------------
 PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                 -----------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

------------------------------------------------------------------------------  
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          -0-  

------------------------------------------------------------------------------  
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
   CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------  
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                    -0-  

------------------------------------------------------------------------------  
14.  TYPE OF REPORTING PERSON                                               PN  

------------------------------------------------------------------------------  

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

CUSIP NO. 358-010106            SCHEDULE 13D                      Page 3 of 13  

------------------------------------------------------------------------------  
1.  NAME OF REPORTING PERSON                                  THE COMMON FUND 

   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON              23-7037968
------------------------------------------------------------------------------  
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x]  
                                                                     (b) [ ]
------------------------------------------------------------------------------  
3.  SEC USE ONLY                                                              

------------------------------------------------------------------------------  
4.  SOURCE OF FUNDS*                                                       WC 

------------------------------------------------------------------------------  
5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                  
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------  
6.  CITIZENSHIP OR PLACE OF ORGANIZATION                             New York 

------------------------------------------------------------------------------  
                  7.   SOLE VOTING POWER                                 -0-

 NUMBER OF       -----------------------------------------------------------
 SHARES           8.  SHARED VOTING POWER                                -0-
BENEFICIALLY                                                              
 OWNED BY EACH   -----------------------------------------------------------
 PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                 -----------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

------------------------------------------------------------------------------  
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          -0-  

------------------------------------------------------------------------------  
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
   CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------  
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                    -0-  

------------------------------------------------------------------------------  
14.  TYPE OF REPORTING PERSON                                               CO  

------------------------------------------------------------------------------  

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

CUSIP NO. 358-010106            SCHEDULE 13D                      Page 4 of 13  

------------------------------------------------------------------------------  
1.  NAME OF REPORTING PERSON               RICHARD C. BLUM & ASSOCIATES, L.P. 

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON               94-3205364
------------------------------------------------------------------------------  
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [x]  
                                                                     (b) [ ]
------------------------------------------------------------------------------  
3.  SEC USE ONLY                                                              

------------------------------------------------------------------------------  
4.  SOURCE OF FUNDS*                                           Not Applicable 

------------------------------------------------------------------------------  
5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                  
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------  
6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California 

------------------------------------------------------------------------------  
                  7.   SOLE VOTING POWER                                 -0-

 NUMBER OF       -----------------------------------------------------------
 SHARES           8.  SHARED VOTING POWER                                -0-
BENEFICIALLY                                                              
 OWNED BY EACH   -----------------------------------------------------------
 PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                 -----------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

------------------------------------------------------------------------------  
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          -0-  

------------------------------------------------------------------------------  
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
   CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------  
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                    -0-  

------------------------------------------------------------------------------  
14.  TYPE OF REPORTING PERSON                                           PN, IA  

------------------------------------------------------------------------------  

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

CUSIP NO. 358-010106            SCHEDULE 13D                      Page 5 of 13  

------------------------------------------------------------------------------  
1.  NAME OF REPORTING PERSON               RICHARD C. BLUM & ASSOCIATES, INC. 

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON               94-2967812
------------------------------------------------------------------------------  
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [x]  
                                                                     (b) [ ]
------------------------------------------------------------------------------  
3.  SEC USE ONLY                                                              

------------------------------------------------------------------------------  
4.  SOURCE OF FUNDS*                                           Not Applicable 

------------------------------------------------------------------------------  
5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                  
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------  
6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California 

------------------------------------------------------------------------------  
                  7.   SOLE VOTING POWER                                 -0-

 NUMBER OF       -----------------------------------------------------------
 SHARES           8.  SHARED VOTING POWER                                -0-
BENEFICIALLY                                                              
 OWNED BY EACH   -----------------------------------------------------------
 PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                 -----------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

------------------------------------------------------------------------------  
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          -0-  

------------------------------------------------------------------------------  
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
   CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------  
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                    -0-  

------------------------------------------------------------------------------  
14.  TYPE OF REPORTING PERSON                                               CO  

------------------------------------------------------------------------------  

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

CUSIP NO. 358-010106            SCHEDULE 13D                      Page 6 of 13  

------------------------------------------------------------------------------  
1. NAME OF REPORTING PERSON                                   RICHARD C. BLUM 

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON              556-42-3196
------------------------------------------------------------------------------  
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [x]  
                                                                     (b) [ ]
------------------------------------------------------------------------------  
3.  SEC USE ONLY                                                              

------------------------------------------------------------------------------  
4.  SOURCE OF FUNDS*                                           Not Applicable 

------------------------------------------------------------------------------  
5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                  
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------  
6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California 

------------------------------------------------------------------------------  
                  7.   SOLE VOTING POWER                                 -0-

 NUMBER OF       -----------------------------------------------------------
 SHARES           8.  SHARED VOTING POWER                                -0-
BENEFICIALLY                                                              
 OWNED BY EACH   -----------------------------------------------------------
 PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                 -----------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

------------------------------------------------------------------------------  
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          -0-  

------------------------------------------------------------------------------  
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
   CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------  
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                    -0-  

------------------------------------------------------------------------------  
14.  TYPE OF REPORTING PERSON                                               IN  

------------------------------------------------------------------------------  

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

CUSIP NO. 358-010106            SCHEDULE 13D                      Page 7 of 13  

Item 1.  Security and Issuer                                                    
----------------------------                                                    

This Amendment No. 22 (the "Amendment") to Schedule 13D relates to shares of    
common stock, par value $1.00 (the "Common Stock") of Frequency Electronics,    
Inc., a Delaware corporation (the "Issuer").  The principal executive office    
and mailing address of the Issuer is 55 Charles Lindbergh Blvd., Mitchell       
Field, NY 11553.  This Amendment is being filed because of certain              
dispositions of the Common Stock set forth in Item 5(c) below.                  

Item 2.  Identity and Background                                                
--------------------------------                                                

This Amendment is filed on behalf of BK Capital Partners III, L.P., a           
California limited partnership ("BK III"); The Common Fund for the account of   
its Equity Fund, a New York non-profit corporation ("The Common Fund");         
Richard C. Blum & Associates, L.P., a California limited partnership ("RCBA     
L.P."); Richard C. Blum & Associates, Inc., a California corporation ("RCBA     
Inc."); and Richard C. Blum, the Chairman and a substantial shareholder of      
RCBA Inc. (collectively, the "Reporting Persons").                              

RCBA L.P. is a California limited partnership whose principal business is       
acting as general partner for investment partnerships and providing investment  
advisory and financial consulting services.  RCBA L.P. is a registered          
investment adviser with the Securities and Exchange Commission and with the     
State of California.  The sole general partner of RCBA L.P. is RCBA Inc.  The   
principal business office address of RCBA L.P. and RCBA Inc. is 909 Montgomery  
Street, Suite 400, San Francisco, California 94133.  The names of the           
executive officers and directors of RCBA Inc., their addresses, citizenship     
and principal occupations are as follows:                                       

Name and              Business                 Citizen-   Principal Occupation  
Office Held           Address                  ship       or Employment         
--------------------  -----------------------  ---------  --------------------  

Richard C. Blum       909 Montgomery St.       USA        President & Chairman  
President, Chairman   Suite 400                           RCBA L.P.             
and Director          San Francisco, CA 94133                                   

Nils Colin Lind       909 Montgomery St.       Norway     Managing Director     
Managing Director     Suite 400                           RCBA L.P.             
and Director          San Francisco, CA 94133                                   

Jeffrey W. Ubben      909 Montgomery St.       USA        Managing Director     
Managing Director     Suite 400                           of Investments,       
of Investments        San Francisco, CA 94133             RCBA L.P.             

George F. Hamel, Jr.  909 Montgomery St.       USA        Managing Director     
Managing Director     Suite 400                           of Marketing,         
of Marketing          San Francisco, CA 94133             RCBA L.P.             

CUSIP NO. 358-010106            SCHEDULE 13D                      Page 8 of 13  

Name and              Business                 Citizen-   Principal Occupation  
Office Held           Address                  ship       or Employment         
--------------------  -----------------------  ---------  --------------------  

Marc T. Scholvinck    909 Montgomery St.       USA        Managing Director     
Managing Director     Suite 400                           and Chief Financial   
and Chief Financial   San Francisco, CA 94133             Officer,              
Officer                                                   RCBA, L.P.            

Thomas L. Kempner     40 Wall Street           USA        Chairman, Loeb        
Director              New York, NY 10005                  Partners Corporation, 
                                                      Investment Banking
                                            Business

BK III is a California limited partnership whose principal business is          
investing in securities.  Its principal office is located at 909 Montgomery     
Street, Suite 400, San Francisco, CA  94133.  RCBA L.P. is the sole general     
partner of BK III.                                                              

The Common Fund is a New York not-for-profit corporation principally engaged    
in the business of managing investments for educational institutions.  The      
principal administrative office of The Common Fund is located at 450 Post Road  
East, Westport, Connecticut 06881-0909.  The name, business address and         
present principal occupation of each of the trustees and executive officers of  
The Common Fund is as follows (all are United States citizens):                 

Trustees                                                                        
--------                                                                        
Paul J. Aslanian                            Robert D. Flanigan, Jr.             
Vice President for Finance & Planning       Vice President for Business and     
Swarthmore College                             Financial Affairs & Treasurer    
500 College Avenue                          Spelman College                     
Swarthmore, PA 19081-1397                   350 Spelman Lane, S.W., Box 589     
                              Atlanta, GA 30314-4399
Robert L. Bovinette                                                             
President                                   Caspa L. Harris, Jr.                
The Common Fund                             Consultant and Attorney             
450 Post Road East                          39109 John Wolford Road             
Westport, CT 06881                          Waterford, VA 20197                 

John B. Carroll                             Norman G. Herbert                   
President                                   Associate Vice President            
GTE Investment Management Corp.                & Treasurer                      
Tresser Boulevard                           University of Michigan              
Seventh Floor                               5032 Fleming Administration Bldg.   
Stamford, CT 06901                          Ann Arbor, MI 48109-1340            

Mayree C. Clark                                                                 
Managing Director, Global Research                                              
Morgan Stanley & Co., Inc.                                                      
1251 Avenue of the Americas                                                     
New York, NY 10020                                                              

CUSIP NO. 358-010106            SCHEDULE 13D                      Page 9 of 13  

William C. Hromadka                         Robert D. Pavey                     
Treasurer and Assoc Sr Vice President       General Partner                     
University of Southern California           Morgenthaler Ventures               
University Park, Treasurer's Office         629 Euclid Avenue, Suite 700        
BKS 402 - Bookstore Building                Cleveland, OH 44114                 
Los Angeles, CA 90089-2541                                                      
                       Andre F. Perold
David M. Lascell                            Sylvan C. Coleman Professor         
Partner                                        of Financial Management          
Hallenbeck, Lascell, Norris & Zorn          Harvard University Graduate School  
One Exchange Street                            of Business                      
Rochester, NY 14614-1403                    Morgan Hall, 367, Soldiers Field    
                        Boston, MA 02163
John T. Leatham                                                                 
Chairman and Chief Executive Officer        Robert S. Salomon, Jr.              
Security Health Providers, Inc.             Principal                           
Drake Oak Brook Plaza                       STI Management LLC                  
2215 York Road, Suite 206                   36 Flying Cloud Road                
Oak Brook, IL 60521                         Stamford, CT 06902                  

David J. Meagher                            William T. Spitz                    
Vice President for Finance & Treasurer      Treasurer                           
Loyola University of Chicago                Vanderbilt University               
840 North Wabash                            102 Alumni Hall                     
Chicago, IL 60611                           Nashville, TN 37240-0159            

Louis W. Moelchert                                                              
Vice President for Business                                                     
and Finance                                                               
University of Richmond                                                          
Campus Drive, Room 202                                                          
Maryland Hall                                                                   
Richmond, VA 23173                                                              

The executive officers of The Common Fund who are not Trustees are as follows   
(the business address for each person is The Common Fund, 450 Post Road East,   
Westport, CT 06881-0909):                                                       

Todd E. Petzel                              Curt R. Tobey                       
Executive Vice President                    Senior Vice President               
and Chief Investment Officer                                              
                             William P. Miller III
John S. Griswold, Jr.                       Senior Vice President and           
Senior Vice President                        Independent Risk Oversight Officer 

Maria L.C. Tapia                            Marita Wein                         
Senior Vice President                       Vice President and Secretary        

To the best knowledge of the Reporting Persons, none of the entities or         
persons identified in this Item 2 has, during the past five years, been         
convicted of any criminal proceeding (excluding traffic violations or similar   
misdemeanors), nor been a party to a civil proceeding of a judicial or          

CUSIP NO. 358-010106            SCHEDULE 13D                     Page 10 of 13  

administrative body of competent jurisdiction and as a result of such           
proceeding was or is subject to a judgment, decree or final order enjoining     
future violations of, or prohibiting or mandating activities subject to,        
federal or state securities laws or finding any violation with respect to such  
laws.                                                                           

Item 3.  Source and Amount of Funds or Other Consideration                      
----------------------------------------------------------                      

Not applicable.                                                                 

Item 4.  Purpose of Transaction                                                 
-------------------------------                                                 

The Reporting Persons disposed of all of their Common Stock between             
April 30, 1997 and May 7, 1997.                                                 

Item 5.  Interest in Securities of the Issuer                                   
---------------------------------------------                                   

(a) After taking into account the transactions described in Item 5(c) below,    
the following Reporting Persons report the following direct holdings and        
corresponding percentage interests in the Common Stock:                         

Shares of Common Stock                            Percentage                    
Name                          Stock Owned           Owned                       
----------------------    -------------------    -----------                    

BK III                            -0-                 0%                        
The Common Fund                   -0-                 0%                        
         -----               ---
Total                             -0-                 0%                        
         =====               ===

(b)  Not applicable.                                                            

(c)  During the last 60 days, the Reporting Persons sold the following shares   
of Common Stock in the open market:                                             

Name                  Trade Date   Shares    Price/Share                        
-------------------   ----------   -------   -----------                        

BK III                04-30-97         300       9.88                           
05-01-97       3,000      10.17     
05-02-97       1,400       9.63     
05-05-97       4,000      10.13     
05-05-97       5,300       9.88     
05-05-97       4,000      10.02     
05-07-97      76,300       9.56     
(continued)                                                                     

CUSIP NO. 358-010106            SCHEDULE 13D                     Page 11 of 13  

Name                  Trade Date   Shares    Price/Share                        
-------------------   ----------   -------   -----------                        

The Common Fund       04-30-97         700       9.88                           
05-01-97      12,000      10.17     
05-02-97       6,700       9.63     
05-05-97      24,700       9.88     
05-05-97      16,000      10.13     
05-05-97      16,000      10.02     
05-07-97     407,950       9.56     

(d) and (e)  Not applicable.                                                    

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect  
to Securities of the Issuer                                   
------------------------------------------------------------------------------  

None.                                                                           

Item 7.  Material to be Filed as Exhibits                                       
-----------------------------------------                                       

Exhibit A       Joint Filing Undertaking.                                       

CUSIP NO. 358-010106            SCHEDULE 13D                     Page 12 of 13  

SIGNATURES  

After reasonable inquiry and to the best or our knowledge and belief, the       
undersigned certify that the information set forth in this statement is true,   
complete and correct.                                                           

Dated:  May 8, 1997                                                             

RICHARD C. BLUM & ASSOCIATES, L.P.     RICHARD C. BLUM & ASSOCIATES, INC.       

By  /s/ Marc T. Scholvinck              By  /s/ Marc T. Scholvinck              
  -------------------------------        -----------------------------------
Marc T. Scholvinck                     Marc T. Scholvinck               
Managing Director and                  Managing Director and            
Chief Financial Officer                Chief Financial Officer          

BK CAPITAL PARTNERS III, L.P.           /s/ Marc T. Scholvinck                  
                                      --------------------------------------
By  Richard C. Blum & Associates,       RICHARD C. BLUM                         
L.P., its General Partner                                               
                       By  Marc T. Scholvinck,
By  /s/ Marc T. Scholvinck              Attorney-in-Fact                
--------------------------                                      
Marc T. Scholvinck,                                             
Managing Director and                                           
Chief Financial Officer                                         

THE COMMON FUND                                                                 

By  Richard C. Blum & Associates, L.P.,                                         
its Investment Advisor                                                  

By  /s/ Marc T. Scholvinck                                              
-------------------------------                                 
Marc T. Scholvinck,                                             
Managing Director and                                           
Chief Financial Officer                                         

CUSIP NO. 358-010106            SCHEDULE 13D                     Page 13 of 13  

Exhibit A 
JOINT FILING UNDERTAKING  

The undersigned, being duly authorized thereunto, hereby execute this           
agreement as an exhibit to this Schedule 13D to evidence the agreement of the   
below-named parties, in accordance with the rules promulgated pursuant to the   
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of     
each such party.                                                                

Dated:  May 8, 1997                                                             

RICHARD C. BLUM & ASSOCIATES, L.P.     RICHARD C. BLUM & ASSOCIATES, INC.       

By  /s/ Marc T. Scholvinck              By  /s/ Marc T. Scholvinck              
  -------------------------------        -----------------------------------
Marc T. Scholvinck                     Marc T. Scholvinck               
Managing Director and                  Managing Director and            
Chief Financial Officer                Chief Financial Officer          

BK CAPITAL PARTNERS III, L.P.           /s/ Marc T. Scholvinck                  
                                      --------------------------------------
By  Richard C. Blum & Associates,       RICHARD C. BLUM                         
L.P., its General Partner                                               
                       By  Marc T. Scholvinck,
By  /s/ Marc T. Scholvinck              Attorney-in-Fact                
--------------------------                                      
Marc T. Scholvinck,                                             
Managing Director and                                           
Chief Financial Officer                                         

THE COMMON FUND                                                                 

By  Richard C. Blum & Associates, L.P.,                                         
its Investment Advisor                                                  

By  /s/ Marc T. Scholvinck                                              
-------------------------------                                 
Marc T. Scholvinck,                                             
Managing Director and                                           
Chief Financial Officer                                         

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13D/A’ Filing		Date		Other Filings
Filed on:		5/9/97
		5/8/97
		5/7/97
		5/5/97
		4/30/97		10-K,  DEF 14A,  SC 13D/A
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