SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                   __________

                                   Form 10-QSB


(Mark One)
 [X]    QUARTERLY REPORTS UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE
        ACT OF 1934

For the quarterly period ended             September 30, 1996                

                                     OR

___   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

For the transition period from                    to


                      Commission File Number 0-21662

                            Strategia Corporation
                  (formerly Dataguard Recovery Services, Inc.)
            (Exact name of registrant as specified in its charter)

              Kentucky                              61-1064606               
   (State or other jurisdiction of               (I.R.S. Employer
    incorporation or organization)              Identification No.)            

            

    10301 Linn Station Road, P.O. Box 37144, Louisville, KY 40233-7144     
        (Address of principal executive offices)            (Zip Code)

Registrant's telephone number, including area code        502-426-3434     


Former name, former address, and former fiscal year, if changed since last
report.

    Dataguard Recovery Services, Inc.

Indicate by check [X] whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.     Yes   [X]    No      
  
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date - 3,010,885.


                               STRATEGIA CORPORATION AND SUBSIDIARY
<TABLE>

Condensed Consolidated Balance Sheets

<CAPTION>

                                                September 30,     December 31,
                                                     1996              1995
                                                 (Unaudited)    
Assets
<S>                                              <C>            <C>
Current assets:
  Cash and cash equivalents                      $ 1,364,253   $   170,636
  Accounts receivable, net                         1,622,155     1,128,407
  Other current assets                               136,855       490,124

        Total current assets                       3,123,263     1,789,167


Property and equipment                            17,996,238    16,138,011
  Less accumulated depreciation and amortization   9,207,054     7,376,653
                                                   8,789,184     8,761,358

Other assets                                         538,284       237,222

                                                 $12,450,731   $10,787,747

  Liabilities and Stockholders' Equity

Current liabilities:
  Current installments of long-term debt         $   164,360   $   304,139
  Current installments of obligations under
    capital leases                                 1,985,164     1,858,755
  Notes payable to stockholders                      800,000       991,176
  Accounts payable                                   968,442       941,812
  Accrued income taxes                               110,410       133,630
  Accrued expenses and other current liabilities   1,116,023       854,862

        Total current liabilities                  5,144,399     5,084,374

Long-term debt, excluding current installments       989,710     1,024,356
Obligations under capital leases, 
    excluding current installments                 1,983,214     2,179,412
Customers' deposits                                   34,327        58,253
Deferred revenue                                   1,881,784       852,146
Deferred income taxes                                319,563       309,938

        Total liabilities                         10,352,997     9,508,479   

Stockholders' equity:
  Preferred stock -- authorized 2,000,000 shares:  

    Series A Convertible Preferred ($10 stated value); 
    authorized 100,000 shares; issued and 
    outstanding 0 shares at September 30, 1996 and 
    34,167 shares at December 31, 1995                             341,670

    Series AA Convertible Preferred ($10 stated value);
    authorized 100,000 shares; issued and
    outstanding 64,546 shares at September 30, 1996
    and 0 shares at December 31, 1995                645,460
  Common stock without par value.  Authorized  
    15,000,000 shares; issued and outstanding 
    3,010,885 shares at September 30, 1996 and 
    2,506,885 shares at December 31, 1995          4,253,834     3,029,833
  Accumulated deficit                             (2,784,933)   (2,119,092)
  Foreign currency translation                       (16,627)       26,857

        Total stockholders' equity                 2,097,734     1,279,268

                                                 $12,450,731   $10,787,747

</TABLE>

See notes to unaudited condensed consolidated financial statements.

                               STRATEGIA CORPORATION AND SUBSIDIARY
<TABLE>

Condensed Consolidated Statements of Operations
(Unaudited)

<CAPTION>
                               Three Months Ended  Nine Months Ended
                                  September 30,       September 30,
                               1996          1995   1996        1995

<S>                         <C>         <C>         <C>         <C>
Service revenues            $2,287,694  $2,463,350  $7,007,412  $6,691,634

Operating expenses:
  Cost of services           1,850,530   1,453,229   5,223,215   3,973,297
  Selling, general and
    administrative expenses    636,465     621,055   1,764,527   1,732,217
                             2,486,995   2,074,284   6,987,742   5,705,514
      Operating income (loss) (199,301)    389,066      19,670     986,120 

Other income (expense):
  Interest expense            (123,616)   (195,226)   (487,555)   (512,251)
  Other income, net              7,574      28,207      14,334      49,801
                              (116,042)    167,019    (473,221)   (462,450)

  Income (loss) before
    income taxes            $ (315,343) $  222,047  $ (453,551) $  523,670

  Income taxes                  23,636     176,600     129,723     416,900

      Net income (loss)     $ (322,305) $   99,473  $ (583,274) $  106,770 

Net income (loss) per share
  of common stock           $     (.13) $      .04  $     (.25)  $     .03 

Weighted average number
  of common shares
  outstanding                2,535,320   2,497,580   2,523,790   2,489,537


</TABLE>

See notes to unaudited condensed consolidated financial statements.

                               STRATEGIA CORPORATION AND SUBSIDIARY
<TABLE>

Condensed Consolidated Statement of Stockholders' Equity
(Unaudited)
<CAPTION>
                     Series A   Series AA                             Foreign
                     Preferred  Preferred   Common    Accumulated   Currency
                       Stock      Stock     Stock       Deficit    Translation 

 Total
<S>            <C>       <C>       <C>        <C>          <C>      <C>
Balance at  
  December 31, 
  1995         $ 341,670 $     -   $3,029,833 $(2,119,092) $ 26,857 $1,279,268

Issuance of  
  Common Stock       -         -    1,224,001         -         -    1,224,001

Conversion of 
  Series A 
  Preferred
  dividends in
  arrears to
  Series AA 
  Preferred     (341,670)  341,670        -           -         -         -  

Conversion of
  Series A
  Preferred
  dividends in
  arrears to
  Series AA
  Preferred          -      69,552        -       (69,552)      -        -

Conversion of
  stockholders'
  notes and
  interest to
  Series AA
  Preferred          -     234,238        -           -         -     234,238

Payment of 
  dividends          -         -          -       (13,015)      -     (13,015)

Net loss for nine
  months ended 
  September 30,
  1996               -         -          -       (13,015)      -     (13,015)

Translation
  adjustment at
  September 30,
  1996               -         -          -           -     (43,484)  (43,484)

Balance at 
  September 30,
  1996         $          $645,460 $4,253,834 $(2,784,933) $(16,627) $2,097,734


</TABLE>

See notes to unaudited condensed consolidated financial statements.

                               STRATEGIA CORPORATION AND SUBSIDIARY
<TABLE>

Condensed Consolidated Statements of Cash Flows
(Unaudited)
<CAPTION>
                                                     Nine Months Ended
                                                       September 30,
                                                  1996             1995
<S>                                               <C>              <C> 
Cash flows from operating activities:               
  Net income (loss)                               $   (583,274)    $  106,770
  Adjustments to reconcile net income (loss) to                      
    net cash provided by operating activities:                      
      Depreciation and amortization                  1,930,549      1,508,400
      Deferred income taxes                             14,657        291,840
      Other                                            (21,511)         2,596
    Change in operating assets and liabilities:                      
      Accounts receivable                             (546,450)     (1,688,237)
      Other current assets                             331,306         (75,096)
      Accounts payable                                  83,446        317,515
      Accrued income taxes                                (801)       125,060
      Accrued expenses and other current liabilities   308,376        791,296
    (Increase) decrease in other assets               (324,934)        (20,805)
    Increase (decrease) in deferred revenue          1,036,560      1,221,606
    Increase (decrease) in customers' deposits         (13,110)        31,684
                                                                     
         Net cash provided by operating activities   2,214,814      2,612,629
                                                                     
Cash flows from investing activities:                                
  Acquisition of property and equipment               (301,526)       (595,903)
  Purchase of Twinsys                                                  (50,870)
                                                                     
         Net cash used in investing activities        (301,526)       (646,773)
                                                                     
Cash flows from financing activities:                                
  Proceeds from note payable to stockholder                            500,000
  Net proceeds from issuance of common stock         1,200,001     
  Proceeds from bank line of credit                    250,000     
  Proceeds from long-term debt                                       
  Principal payments on long-term debt and                           
    obligations under capital leases                (2,156,657)     (2,123,108)
  Payment of preferred dividends                       (13,015)        (38,528)
                                                                     
            Net cash used in financing                (719,671)     (1,661,636)
              activities                                             
                                                                    
Net increase in cash and cash equivalents            1,193,617        304,220 
                                                                      
Cash and cash equivalents at beginning of period       170,636        108,603
                                                                      
Cash and cash equivalents at end of period        $  1,364,253     $  412,823 
                                                    
                                                    
</TABLE>

See notes to unaudited condensed consolidated financial statements.

                               STRATEGIA CORPORATION AND SUBSIDIARY


Notes to Condensed Consolidated Financial Statements
(Unaudited)

September 30, 1996

(1)  In the opinion of the Company, the accompanying unaudited condensed
consolidated financial statements contain all adjustments (consisting of only
normal recurring accruals) necessary to present fairly the financial position
as of September 30, 1996 and the results of operations for the three and nine
months then ended and cash flows for the nine months then ended.

     Certain reclassifications of amounts in the condensed consolidated
financial statements have been made to reflect comparability.

(2)  This financial information should be read in conjunction with the
financial statements and the notes thereto included in the Company's Annual
Report on Form 10-KSB for the period ended December 31, 1995.

(3)  For financial reporting purposes, income (loss) before income taxes for
the three and nine months ended September 30, 1996 and 1995, includes the
following components:

<TABLE>
<CAPTION>
                                Three months              Nine months
                             ended September 30,      ended September 30,
    Pretax income (loss):   1996         1995         1996          1995
    <S>                     <C>          <C>          <C>           <C>
    United States           $ (334,329)  $ (109,367)   $ (807,310)  $ (603,320)
    Foreign                     18,986      331,414       353,759    1,125,990

                            $ (315,343)  $  222,047    $ (453,551)  $  523,670

</TABLE>

The provision for income tax expense is attributable to earnings from foreign
operations.

(4)  In September 1996, the Company raised $1,200,001 in a private placement of
Common Stock and warrants to purchase Common Stock.  Net proceeds from the sale
of those shares were used to reduce bank line of credit borrowings and accounts
payable.

(5)  Income per share is based on net income less preferred dividends divided
by the weighted average number of common and equivalent shares outstanding
during the period.  Common stock equivalents outstanding are calculated for
stock options and warrants using the treasury stock method. Fully diluted per
share amounts are not materially different from primary per share amounts.

(6)  On July 29, 1996 the Company announced that the 1-for-2 reverse stock
split of its Common Stock and its change of name from Dataguard Recovery
Services, Inc. to Strategia Corporation had taken effect before the opening of
business that day.  As a result of the 1-for-2 reverse stock split, every two
of the Company's common shares outstanding at the effective time were
automatically converted into one new common share of Strategia Corporation. 
The Company's name change and reverse stock split had been approved by the
shareholders at the Company's 1996 annual meeting on July 12, 1996.  All share
and per share amounts have been restated for the reverse stock split.

(7)  On May 30, 1996, the Company's Board of Directors authorized the issuance
of Series AA Convertible Preferred Stock (Series AA Preferred) which provides
for an annual dividend of 8%, compared to 11.5% on the Series A Convertible
Preferred Stock (Series A Preferred).  The Series AA Preferred like the Series
A Preferred is convertible into four shares of common stock for five years
after issuance through June 30, 2001.  The limitations, preferences, and
relative rights of the Series AA Preferred are otherwise identical to those
of the Series A Preferred.

     On June 30, 1996, all holders of Series A Preferred exchanged their shares
(34,167 shares) for the same number of Series AA Preferred Shares.  In
addition, all dividends in arrears ($69,552) due to the original holders of
Series A Preferred at June 30, 1996 were converted to Series AA Preferred.

     The Company had notes payable ($191,176) and accrued interest payable
($43,062) to certain stockholders at June 30, 1996.  These amounts were also
converted to Series AA Preferred as of June 30, 1996.

(8)  Approximately  580,000 French francs (approximately $117,000) has been
charged to operations during the quarter ended September 30, 1996 to account
for a judgment rendered in September 1996 by a French court in a lawsuit by a
former employee of Twinsys.  The employee had claimed certain severance
benefits as a result of his dismissal.

MANAGEMENT'S DISCUSSION AND ANALYSIS

Preliminary Note Regarding Forward Looking Information

The information set forth in "Management's Discussion and Analysis of Results of
Operations and Financial Condition" includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act and Section 21E of the Exchange
Act, and is subject to the safe harbor created by those sections.  Factors that
realistically could cause results to differ materially from those projected in
the forward-looking statements are set forth in "Management's Discussion and
Analysis of Results of Operations and Financial Condition" below and in the
Company's Registration Statement on Form SB-2 filed October 15, 1996
(Registration No. 333-14055) under "Risk Factors."

Results of Operations

The Company reported revenue of $2,287,694 and $7,007,412 for the three and nine
months ended September 30, 1996, respectively.  This compares to revenue of
$2,463,350 and $6,691,634 for the comparable periods in 1995.  The Company
reported net losses of $322,305 and $583,274 for the three and nine months ended
September 30, 1996 after reporting net income of $99,473 and $106,770 for the
same periods in 1995.  The increase in revenue in 1996 is attributable entirely
to the Company's subsidiary, Twinsys Dataguard S.A. (hereinafter referred to as
"Twinsys").  On February 3, 1995, Twinsys acquired certain operating assets and
assumed certain liabilities of Twinsys S.A. ("Seller"), a Paris, France-based
provider of disaster recovery services in Europe.

Consolidated service revenue decreased $175,656 and increased $315,778 for the
three and nine month periods ended September 30, 1996 when compared to the same
periods in 1995.  Twinsys accounted for approximately 73% of consolidated
service revenue for these periods in 1996.  Twinsys revenues decreased
approximately 4% for the three months ended September 30, 1996 when compared
to the same period in 1995 and increased approximately 19% for the nine months
ended September 30, 1996 compared to the comparable period in 1995, when Twinsys
operated for only eight months.  The decrease in the third quarter resulted from
an adjustment in the level of optional services subscribed for by a Twinsys
client retroactive to February 1996.  The reduction in monthly revenues for
eight months was recorded entirely in the third quarter.  Partially offsetting
the increase in service revenue at Twinsys was a decrease in backup service
revenue for the Company's North American operations.  This revenue decreased
approximately 11% and 23% during the three and nine month periods ended
September 30, 1996, respectively, compared to the same periods in 1995.  Bull
backup service revenue decreased significantly due to the expiration of the
Company's then largest contract effective June 1, 1995, and to increased
competition.  The expired contract generated approximately 9% of the Company's
consolidated revenue during the first nine months in 1995. Revenues receivable
under the Company's new contract with this customer decreased significantly
due to the customer's reduced backup service requirements.  IBM backup service
revenue grew by 22% and 23% for the three and nine months ended September 30,
1996, respectively when compared to the same periods in 1995, but was more than
offset by the decrease in Bull backup service revenue.  Consulting service
revenue for the three and nine month periods ended September 30, 1996 decreased
by 46% and 58% over the comparable periods in 1995.   The Company's consulting
services are not recurring, and therefore significant changes in these revenues
can occur from year to year.  The Company began marketing data center
outsourcing services in December 1995, completing its initial contract during
the second quarter of 1996.  Two new outsourcing contracts are expected to
commence during the fourth quarter of 1996.

The Company's operating expenses increased to $2,486,995 from $2,074,284 and 
$6,987,742 from $5,705,514 for the three and nine months ended September 30,
1996 when compared to the same periods in 1995, respectively.  The increase is 
principally due to higher maintenance and depreciation expenses that Twinsys
began to incur in April 1996.  Twinsys' operating expenses were lower in 1995,
when Twinsys operated largely with equipment previously leased to Seller. 
Twinsys was able to negotiate substantially lower lease payments for this
equipment following Seller's bankruptcy.  Beginning in April 1996, Twinsys was
obligated to obtain additional computer equipment to meet the backup
requirements of some of its largest customers, resulting in higher depreciation
and maintenance expenses and consequently, smaller margins.  Maintenance and
depreciation expenses for Twinsys are expected to remain at approximately
current levels through 1997.  The cost of services for North American operations
increased slightly to $640,119 for the three months ended September 30, 1996
from $621,055 for the same period last year.  This increase is attributable to
software licensing fees required for outsourcing services that began in 1996,
partially offset by reductions in Bull computer equipment lease and maintenance
costs.  Consolidated selling, general and administrative expenses increased
slightly to $638,138 and $1,764,527 for the three and nine months ended
September 30, 1996 from $621,055 and $1,732,217 in 1995.  These expenses had
increased throughout 1995 due primarily to the addition of personnel and
marketing expenses for Twinsys.  Although the costs for establishing and
coordinating Twinsys' technical, sales and administrative procedures are
expected to decrease in 1996, selling, general and administrative expenses are
expected to increase for the year as the Company increases its marketing and
technical staffs in North America and Europe in anticipation of increased demand
for millennium services.  Professional fees attributable to Twinsys are also
expected to be lower in 1996.  Legal fees are higher for the year as a result
of litigation in the United States that was settled during the third quarter.  

Interest expense totaled $123,616 and $487,555 for the three and nine months
ended September 30, 1996, respectively, as compared to $195,226 and $512,251 for
the same periods last year. Interest expense for Twinsys totaled $56,242 and
$229,786 for the three and nine months ended September 30, 1996, and is related
mainly to capital leases for computer equipment.  Interest expense for North
America, which principally related to capital leases and debt incurred to
establish and provide working capital for Twinsys, decreased approximately 18%
when compared to the nine month period ended September 30, 1995.

The provision for income taxes totaled $129,723 and $122,761 for the nine month
periods ended September 30, 1996 and 1995, respectively, due to French income
taxes resulting from income of Twinsys.  No income tax benefits can be
recognized currently for U.S. operating losses, but these losses are available
to offset any future U.S. taxable income.

Liquidity and Capital Resources

At September 30, 1996, the Company's consolidated current liabilities exceeded 
current assets by $2,021,136.  The principal resources available to reduce 
the Company's liquidity deficiency are monthly revenues payable under its 
backup service contracts.  Backup services revenue for the Company's 
customers are generated in most cases under multi-year contracts that will 
provide a predictable revenue stream over the next several years. These 
contractual revenues, though not recorded on the Company's balance sheet, 
will be available to help meet the Company's liabilities as recorded at 
September 30, 1996.  In September 1996, the Company raised gross proceeds of
$1,200,000 in a private placement of Common Stock and warrants to purchase
Common Stock.  Net proceeds from the sale of those shares and warrants were
used to reduce the Company's bank line of credit, accounts payable, and for
general working capital needs.

Income from Twinsys has provided a significant, positive impact upon the 
consolidated cash flow of the Company.  However, the timing and amount of 
cash transfers between Twinsys and Strategia are subject to rules governing 
dividend payments by French subsidiaries of multi-national corporations, as 
well as practical considerations.  The Company assesses the working capital
needs of its North American and European operations periodically and
determines appropriate allocations of cash throughout the year.

The Company's computer equipment is expected to meet the technological
requirements of current and prospective backup services customers in North
America and Europe without the need for any additional material capital
expenditure during 1996.  Twinsys financed its acquisition of computer
equipment needed for the backup requirements of some of its largest customers
through a capital lease obligation totaling approximately $2,000,000.  Twinsys
is also expected to incur increased equipment expense in 1997 as leases
negotiated in 1995 begin to expire and new leases take effect.  To the extent
that additional computer hardware is required to meet the terms of future
contracts for data center outsourcing and millennium testing services, the
Company intends to finance the acquisition of readily available used equipment
from contract revenues whenever possible, and the proceeds of a planned public
offering of Common Stock discussed below.

The Company filed a registration statement with the Securities and Exchange
Commission on October 15, 1996 to offer 1,750,000 units to the public.  The
units consist of one share of Common Stock and one Warrant to purchase one
share of Common Stock.  The Company intends to use the net proceeds from
the offering to fund increases in marketing and technical personnel needed to
support the growth of its millennium services and outsoucing business and to
repay an $800,000 loan from a shareholder.  The Company believes that the
addition of new customers for millennium services as well as for outsourcing,
backup, and consulting services will enable the Company to generate sufficient
cash from operations to finance its working capital requirements for at least
the next year and reduce its working capital deficit.  To the extent that
amounts from these sources are insufficient to finance the Company's working
capital requirements, the Company will be required to raise additional funding
through equity and debt financing.  There can be no assurance that such
financing will be available on terms acceptable to the Company, and if
available, such financing may result in further dilution to the Company's
stockholders and higher interest expense.

PART II.  OTHER INFORMATION

Item 1.  Legal Proceedings.

    The Company entered into a settlement agreement dated September 17, 1996,
regarding the litigation styled Honeywell Inc. and Bull HN Information Systems,
Inc. v. Dataguard Recovery Services, Inc. (No. 95-1052-JLT  United States
District Court, District of Massachusetts).  In the settlement, Bull revised its
software license agreement with the Company regarding the Company's outsourcing
business.  Bull also made commitments that will eliminate certain potential
obstacles for the Company's disaster recovery customers that use Bull software. 
The Company released Bull from all prior agreements restricting Bull from
competing in the disaster recovery business.  The settlement agreement also
contained mutual releases.

    While the litigation with Bull was pending, the Company withheld payment on
a note with an outstanding balance of approximately $156,000.  The note had
originally been given by the Company to Bull, but Bull had subsequently assigned
it to Wang Laboratories, Inc.  Wang filed suit to collect on the note (Wang
Laboratories, Inc. v. Dataguard Recovery Services, Inc. (Civil Action No. 
96-CI-03782, Jefferson Circuit Court)).  Shortly after the Bull litigation was
settled, the Company settled the Wang litigation.  Under that settlement, the
Company is to pay the entire amount outstanding under the note (without further
interest) over a six month period ending in March 1997.

    On August 9, 1996, a French court awarded a former employee of Twinsys
approximately $117,000 in a lawsuit claiming certain severance benefits as a
result of his dismissal.  The award was not appealed by either party.  The
Company has charged this amount against operations for the third quarter.  See
Note 8 of Notes to Financial Statements and Item 2 -- Management's Discussion
and Analysis of Financial Condition and Results of Operations.

Item 2.  Changes in Securities.

    None.

Item 3.  Defaults Upon Senior Securities.

    None.

Item 4.  Submission of Matters to a Vote of Security-Holders

    None 

Item 5.  Other Events.

    In September 1996, the Company issued 480,000 Units at an offering price of
$2.50 cash per Unit in a private placement.  Each Unit consists of one share of
Common Stock and a warrant to purchase one share of Common Stock for $3.75 per
share ("1996 Warrants").  The 1996 Warrants are redeemable by the Company, at
$.25 per share of Common Stock subject to the 1996 Warrants, upon thirty days
written notice, if the closing bid price per share of the Common Stock for the
ten consecutive trading days immediately preceding the date notice of redemption
is given equals or exceeds $7.50.  Holders of the 1996 Warrants have a one-time
right to register the shares issuable upon exercise of the 1996 Warrants for
sale at the Company's expense upon the demand of holders of 50% of the shares
subject to the 1996 Warrants, and "piggy-back" registration rights through
September 30, 2001, subject to certain limitations.

Item 6.  Exhibits and Reports on Form 8-K.

         (a)  Exhibits

              10 - Acquisition Assistance Agreement, as amended among Copex
Limited (UK), Copex Limited (Swiss), Dataguard Limited, and Strategia
Corporation.

              27 - Financial Data Schedule


         (b)  Reports on Form 8-K

              None



                                        SIGNATURES


In accordance with the requirements of the Exchange Act of 1934, the registrant
has caused this amendment to its quarterly report to be signed on its behalf by
the undersigned, hereunto duly authorized.


                                        STRATEGIA CORPORATION


Date:         October 29, 1996            By:  \s\  Richard W. Smith          
                                              Richard W. Smith, President



Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed by the following persons in the capacities and on the dates
indicated.

<TABLE>

<CAPTION>
        Signature                    Title                      Date
<S>                                  <C>                        <C>
\s\ Richard W. Smith                 President and Director    October 29, 1996
Richard W. Smith                     (Chief Executive Officer)
                                     (Chief Financial Officer) 
                                     (Chief Accounting Officer)

</TABLE>