PRICE          P-E
      COMPANY                                        ON DEC. 6       RATIO*
      KOMERCNI     The Czech bank has cleaned
                    up its portfolio                  $18.65**        4.6
      
      EGIS         An undervalued favorite among
                    Hungarian drugmakers               24.27          5.0
      
      GORAZDZE     One of the cheapest emerging-market
                    cement companies--and Poland's
                    biggest                            22.80          6.1
      
      VSZ          Slovakian integrated steelmaker has
                    a strong market position           14.30          2.5
      
      GRABOPLAST   Home-improvers in Hungary will buy
                    its building materials             13.04          7.2
      
      *On estimated 1996 earnings  ** Global depositary receipt, traded in London
      
      DATA: CREDITANSTALT INVESTMENT BANK, BLOOMBERG FINANCIAL MARKETS
      
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