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Statement of Financial Accounting Standards No. 130 - page 11 / 57





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Equity Securities, is amended as follows:

a.   Paragraph 13 is amended as follows:

    (1)  In the second sentence, as a net amount in a separate component

         of shareholders' equity until realized is replaced by in other

         comprehensive income.

    (2)  In the last sentence, a separate component of shareholders'

         equity is replaced by other comprehensive income.

b.   In paragraph 15(c), recognized in a separate component of

    shareholders' equity is replaced by reported in other comprehensive


c.   In the first sentence of paragraph 15(d), such as accumulated other

    comprehensive income, is inserted after shareholders' equity.

d.   In the last sentence of paragraph 16, both references to the separate

    component of equity are replaced by other comprehensive income.

Effective Date and Transition

34.  The provisions of this Statement shall be effective for fiscal years

beginning after December 15, 1997.  Earlier application is permitted.  If

comparative financial statements are provided for earlier periods, those

financial statements shall be reclassified to reflect  application of the

provisions of this Statement.  The provisions of this Statement that

require display of reclassification adjustments (paragraphs 18-21) are not

required, but are encouraged, in comparative financial statements provided

for earlier periods.  Initial application of this Statement shall be as of

the beginning of an enterprise's fiscal year; that is, if the Statement is

adopted prior to the effective date and during an interim period other than

the first interim period, all prior interim periods of that fiscal year

shall be reclassified.


|                 The provisions of this Statement need                |

|                  not be applied to immaterial items.                 |

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