STAKE                            EST. SALE PRICE OFFERING
                                   PERCENT BILLIONS OF DOLLARS  DATE
      BRITAIN Scottish Electric/      100%        $5.7         Mid-1996
              Nuclear Electric
              British Rail            100          5.0*        Mid-1995-97
      FRANCE  Usinor Sacilor           92          2.0         June 1995
              AGF                     100          1.7         Fall 1995
              Renault                  51          4.0         Late 1995
      GERMANY Deutsche Telekom         20         10.7         Mid-1996
              Lufthansa                36          1.8         1996
      ITALY   ENI                   10-15          3.5         Late 1995
              Stet                     61          6.0         Mid-1996
      SPAIN   Telefnica                12          1.5         Fall 1995
      
      *Not including passenger services
      DATA: BUSINESS WEEK, COMPANY REPORTS
      
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