COST    CURRENT MARKET 
      HOLDING                     % SHARE  (MILLIONS) VALUE (MILLIONS)
                                 NORTH AMERICA
      CITICORP                        9.9%    $590    $2,800
      FAIRMONT                        50       40     $100 
      PLAZA HOTEL                     50       160     NA
      FOUR SEASONS HOTELS             26.6     124     97 
      SAKS FIFTH AVENUE               11       100     200 
                                     EUROPE
      EURO DISNEY                     24.8%   $350    $600 
      CANARY WHARF (pending)          10       100     NA
      FININVEST (ITALY)               5        230     NA
      BALLAST NEDAM                   7        50      50 
                                  SAUDI ARABIA
      UNITED SAUDI COMMERCIAL BANK    40%     $90     $350 
      AL-AZIZIYA PANDA SUPERMARKETS   78       140     300 
      ARAB MEDIA                      30       90      90
      NATIONAL INDUSTRIALIZATION      40       100     100
      SAUDI STOCKS                                     1,500
      RIYADH REAL ESTATE                               2,000
      CASH                                             1,000
      AIRPLANES, YACHT, HOUSES                         180 
      
      DATA: BUSINESS WEEK, KINGDOM ESTABLISHMENT
      
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