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INSIDER TRADING
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INSIDER TRADING

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ANALOG DEVICES INC.

Ray Stata, chairman, sold 20,000 shares of common stock between $10.50 and $11 per share from Sept. 10 to Sept. 14, 1992, and now directly and indirectly holds 3,227,702 shares.

AMERICAN BRANDS INC.Robert L. Austin, vice president, sold 5,440 shares of common stock between $47.13 and $47.25 per share on Sept. 10, 1992, and now directly and indirectly holds 37,623 shares.

LOEWS CORP.

Jonathan M. Tisch, officer and director, sold 10,000 shares of common stock between $114.25 and $114.50 per share on Sept. 18, 1992, and now directly holds 132,510 shares.

MORRIS (PHILIP) COS.

Joseph F. Cullman, shareholder, disposed of by gift 3,500 shares of common stock at an unreported price per share from Aug. 10 to Aug. 13, 1992, and now directly and indirectly holds 1,518,663 shares.

PRIMERICA CORP.

James Dimon, president, exercised an option for 164,448 shares of common stock between $19.48 and $35.63 per share on Sept. 30, 1992, and now directly and indirectly holds 141,099 shares.

Irwin Ettinger, vice president, exercised an option for 4,000 shares of common stock at $21.38 per share on Sept. 30, 1992, and now directly and indirectly holds 10,469 shares.

Sanford I. Weill, chairman, exercised an option for 1,873,434 shares of common stock between $19.48 and $35.63 per share on Sept. 30, 1992, and now directly and indirectly holds 1,563,054 shares.

PROCTER & GAMBLE CO.

Gary T. Martin, vice president, exercised an option for 615 shares of common stock at $13.77 per share on Sept. 17, 1992, and now directly and indirectly holds 31,465 shares.

Thomas A. Moore, officer, exercised an option for 2,200 and sold 2,200 shares of common stock between $20.81 and $49.75 per share on Sept. 14, 1992, and now directly and indirectly holds 14,163 shares.

John G. Smale, director, exercised an option for 143,320 shares of common stock between $16.84 and $13.94 per share on Sept. 15, 1992. Smale indirectly sold 64,000 shares of common stock between $49 and $48.50 per share from Sept. !5 to Sept. 16, 1992, and now directly and indirectly holds 194,100 shares.

SARA LEE CORP.

James L. Ketelsen, director, purchased 1,000 shares of common stock at $56.13 per share on Sept. 1, 1992, and now directly holds 6,521 shares.

INDUSTRIES INC.

Carroll A. Gibson, officer and director, exercised an option for 1,750 shares of common stock at $5.25 per share on July 9, 1992, and now directly holds 12,909 shares. INC.

C. Clifford Frazier, retired, sold 2,000 shares of common stock at $35.75 per share on Sept. 10, 1992, and now directly holds 35,719 shares.

Dalton L. McMichael, officer and director, sold 85,094 shares of common stock at $38.50 per share from Sept. 21 to Sept. 28, 1992, and now directly and indirectly holds 1,954,128 shares.

VF CORP.

Lori M. Tarnaski, vice president, sold 7,037 shares of common stock at $50.13 per share from Sept. 17 to Sept. 21, 1992, and now directly holds 11,411 shares.

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