SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                             ----------------------


                                   FORM 10-QSB

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

                  For the quarterly period ended March 31, 1998

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

                For the transition period from ______ to ________

                         Commission file number 0-25070.

                               LSB FINANCIAL CORP.
        (Exact Name of Small Business Issuer as Specified in its Charter)

                Indiana                                           35-1934975
    (State or other jurisdiction of                            (I.R.S. Employer
    Incorporation or organization)                           Identification No.)

101 Main Street, Lafayette, Indiana                                 47902
(Address or principal executive offices)                          (Zip Code)

Issuer's telephone number, including area code: (765) 742-1064

         Check whether the Issuer (1) filed all reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the Issuer was required to file such  reports),  and (2) has
been subject to such requirements for the past 90 days.
 YES [X] NO[ ]

         State the number of shares  outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:

         CLASS                                    OUTSTANDING AT MARCH 31, 1998
         -----                                    -----------------------------

Common stock, par value $.01 per share                         916,350

  Transitional Small Business Disclosure Format:             YES [ ]  NO [X]


<PAGE>



LSB FINANCIAL CORP.

INDEX


PART I.           FINANCIAL INFORMATION....................................    1
Item 1.           Financial Statements (Unaudited).........................    1

Consolidated Statements of Financial Condition ............................    1
Consolidated Statements of Income..........................................    2
Consolidated Statements of Changes in Shareholders' Equity.................    3
Consolidated Statements of Cash Flow.......................................    4
Notes to Consolidated Financial Statements.................................  5-6

Item 2.           Management's Discussion of Recent Operating Results...... 7-10

PART II.          OTHER INFORMATION........................................   11

                  SIGNATURES...............................................   12

                  EXHIBIT INDEX............................................   13


<PAGE>


                               LSB FINANCIAL CORP.
                        STATEMENTS OF FINANCIAL CONDITION
                             (Dollars in thousands)

<TABLE>
<CAPTION>
                                                               December 31,         March 31,
                                                                   1997               1998
                                                            ---------------------------------------
<S>                                                                     <C>               <C>
Assets

Cash and cash equivalents                                                $9,938            $11,925
Available-for-sale securities                                             7,863             10,446
Loans held for sale                                                       1,265              2,028
Total loans                                                             178,745            182,902
  Less: Allowance for loan losses                                        (1,478)            (1,502)
                                                            ---------------------------------------
    Net loans                                                           177,267            181,400

Premises and equipment, net                                               4,912              4,902
FHLB stock, at cost                                                       2,600              2,600
Accrued interest receivable and other assets                              2,739              2,764
                                                            ---------------------------------------
   Total Assets                                                        $206,584           $216,065
                                                            =======================================

Liabilities and Shareholders' Equity

Liabilities
Deposits                                                               $137,686           $146,240
Advances from FHLB                                                       50,000             50,000
Note payable                                                                189                181
Accrued interest payable and other liabilities                              975              1,465
                                                            ---------------------------------------
  Total liabilities                                                     188,850            197,886


Shareholders' Equity
Common stock                                                                  9                  9
Additional paid-in-capital                                                7,854              7,892
Retained earnings                                                        10,677             11,030
Unearned ESOP shares                                                       (570)              (550)
Unamortized cost of recognition and retention plan                         (242)              (220)
Accumulated other comprehensive income                                        6                 18
                                                            ---------------------------------------
  Total shareholders' equity                                             17,734             18,179
                                                            ---------------------------------------
Total liabilities and shareholders' equity                             $206,584           $216,065
                                                            =======================================
</TABLE>

       See accompanying notes to consolidated financial statements

<PAGE>

                               LSB FINANCIAL CORP.
                              STATEMENTS OF INCOME
                  (Dollars in thousands, except per share data)

<TABLE>
<CAPTION>
                                                                       Three months ended
                                                                           March 31,
                                                                   1997               1998
                                                            ---------------------------------------
<S>                                                                      <C>                <C>
Interest Income
  Loans, including related fees                                          $3,334             $3,840
  Available-for-sale securities                                             157                216
  FHLB stock                                                                 50                 51
                                                            ---------------------------------------
    Total interest income                                                 3,541              4,107

Interest Expense
  Deposits                                                                1,376              1,609
  Borrowings                                                                626                743
                                                            ---------------------------------------
    Total interest expense                                                2,002              2,352

Net interest income                                                       1,539              1,755
  Provision for loan losses                                                  24                 24
                                                            ---------------------------------------
Net interest income after provision for loan losses                       1,515              1,731

Noninterest Income
  Service charges and fees                                                   80                122
  Net gain on mortgage loans originated for sale                             68                 86
  Gain on sale of securities                                                  0                  0
  Other income                                                               51                100
                                                            ---------------------------------------
    Total noninterest income                                                199                308


Noninterest Expense
  Salaries and benefits                                                     587                680
  Occupancy and equipment, net                                              188                198
  FDIC insurance                                                              3                  4
  Computer service                                                           61                 62
  Advertising                                                                63                 85
  Other                                                                     224                270
                                                            ---------------------------------------
    Total noninterest expense                                             1,126              1,299

Income before income taxes                                                  588                740
  Less: income taxes                                                        230                295
                                                            ---------------------------------------
Net income                                                                 $358               $445
                                                            =======================================

Earnings per share (Note 3)                                               $0.41              $0.50
Book value per share                                                     $19.37             $21.18
</TABLE>

       See accompanying notes to consolidated financial statements

<PAGE>


                               LSB FINANCIAL CORP.
                       CONSOLIDATED STATEMENTS OF CHANGES
                             IN SHAREHOLDERS' EQUITY
                             (Dollars in thousands)
<TABLE>
<CAPTION>
                                                                                    Unamortized
                                                                                  Cost of Bank               Accumulated
                                              Additional              Unearned    Recognition                  Other
                                     Common     Paid-In    Retained     ESOP     and Retention   Treasury  Comprehensive
                                      Stock     Capital    Earnings    Shares       Plan           Stock       Income        Total
                                    ------------------------------------------------------------------------------------------------
<S>                                    <C>    <C>         <C>          <C>          <C>          <C>                <C>     <C>    
Balance at January 1, 1997             $11    $10,143     $10,289      ($653)       ($332)       ($2,629)           ($33)   $16,796
                                                                                                 
Exercise of stock option                            3                                                                             3
ESOP shares earned                                 20                     20                                                     40
RRP expense                                                                            23                                        23
Treasury stock acquired                                                                              (55)                       (55)
Dividends paid                                                (73)                                                              (73)
  Comprehensive income                                                                           
    Net income                                                358                                                               358
    Change in unrealized gain/(loss)                                                                                 (24)       (24)
                                                                                                                          ---------
Total comprehensive income                                                                                                      334
                                                                                                 
                                    ------------------------------------------------------------------------------------------------
Balance at March 31, 1997              $11    $10,166     $10,574      ($633)       ($309)       ($2,684)           ($57)   $17,068
                                    ================================================================================================
                                                                                                 
                                                                                                 
Balance at January 1, 1998              $9     $7,854     $10,677      ($570)       ($242)            $0              $6    $17,734
Exercise of stock option                            0                                                                             0
ESOP shares earned                                 38                     20                                                     58
RRP expense                                                                            22                                        22
Treasury stock acquired                                                                                0                          0
Dividends paid                                                (92)                                                              (92)
  Comprehensive income                                                                           
    Net income                                                445                                                               445
    Change in unrealized loss                                                                                         12         12
                                                                                                                          ---------
Total comprehensive income                                                                                                      457
                                                                                                 
                                    ------------------------------------------------------------------------------------------------
Balance at March 31, 1998               $9     $7,892     $11,030      ($550)       ($220)            $0             $18    $18,179
                                    ================================================================================================
</TABLE>

       See accompanying notes to consolidated financial statements

<PAGE>



                               LSB FINANCIAL CORP.
                            STATEMENTS OF CASH FLOWS
                             (Dollars in thousands)

<TABLE>
<CAPTION>
                                                                For the 3 months ended March 31,
                                                                   1997               1998
                                                            ---------------------------------------
<S>                                                                      <C>                <C>    
Cash Flows from Operating Activities
Net Income                                                                 $358               $445
Adjustments to reconcile net income to net
  cash from operating activities
    Depreciation and amortization                                            82                 93
    Net amortization/(accretion) on securities                               13                (11)
    Gain on sale of securities                                                0                  0
    Writedown  of loans held for sale                                         0                  0
    Gain on sale of loans                                                   (68)               (86)
    Loans originated for sale, net of sales proceeds                      5,354               (677)
    Deferred loan fees, net                                                 (27)               (14)
    Provision for loan losses                                                24                 24
    Employee stock ownership plan shares earned                              40                 58
    Change in assets and liabilities
      Accrued interest receivable                                           (15)               (15)
      Other assets                                                          (19)                 4
      Accrued interest payable                                              (18)                (3)
      Other liabilities                                                     190                492
                                                            ---------------------------------------
Net cash from operating activities                                        5,914                310

Cash Flows from Investing Activities
Purchases of available-for-sale securities                               (2,485)            (4,867)
Proceeds from paydowns and maturities of
  available-for-sale securities                                             389              2,315
Sales of available-for-sale securities                                        0                  0
Purchase of Federal Home Loan Bank stock                                      0                  0
Loans made to customers net of payments received                         (7,456)            (4,143)
Property and equipment expenditures                                         (16)               (83)
                                                            ---------------------------------------
Net cash from investing activities                                       (9,568)            (6,778)

Cash Flows from Financing Activities
Net change in deposits                                                    9,483              8,555
Proceeds from Federal Home Loan Bank advances                             7,000                  0
Payments on Federal Home Loan Bank advances                             (13,500)                 0
Payments on note payable                                                     (7)                (8)
Treasury Stock Purchased                                                    (55)                 0
Dividends paid                                                              (73)               (92)
Stock options exercised                                                       3                  0
                                                            ---------------------------------------
Net cash from financing activities                                        2,851              8,455

Net change in cash and equivalents                                         (803)             1,987
Cash and equivalents at January 1                                         9,798              9,938
                                                            ---------------------------------------

Cash and equivalents at March 31                                         $8,995            $11,925
                                                            =======================================
</TABLE>

       See accompanying notes to consolidated financial statements

<PAGE>

                               LSB FINANCIAL CORP.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 1998


Note 1 - General

The financial  statements were prepared in accordance with the  instructions for
Form 10-QSB and, therefore,  do not include all of the disclosures necessary for
a complete  presentation of financial  position,  results of operations and cash
flows in conformity with generally accepted  accounting  principles.  Except for
the adoption of required accounting changes,  these interim financial statements
have been prepared on a basis  consistent with the annual  financial  statements
and include, in the opinion of management,  all adjustments,  consisting of only
normal recurring  adjustments,  necessary for a fair presentation of the results
of operations and financial position for and at the end of such interim periods.

Note 2 - Principles of Consolidation

The  accompanying  financial  statements  include the accounts of LSB  Financial
Corp. (the Company),  its wholly owned  subsidiary  Lafayette  Savings Bank, FSB
(the Bank) and the Bank's wholly owned subsidiaries, LSB Service Corporation and
Lafayette  Insurance and Investments,  Inc. Lafayette Insurance and Investments,
Inc.  was formed  December  30, 1996 and began  operations  in May of 1997.  All
significant intercompany transactions have been eliminated upon consolidation.

Note 3 - Earnings per share

Earnings  per  share  are  based  upon the  weighted  average  number  of shares
outstanding  during the period.  Diluted  earnings per share further  assume the
issuance  of any  potentially  dilutive  shares.  Unearned  ESOP  shares are not
considered  to be  outstanding  for the  earnings  per  share  computation.  The
following table presents  information about the number of shares used to compute
earnings per share and the results of the computations:

                                                        Quarter ended
                                                           March 31,
                                                     1998           1997
                                                     ----           ----

Weighted average shares outstanding                857,383        879,519
(excluding unearned ESOP shares)

Shares used to compute diluted
    earnings per share                             888,900        897,392

Earnings per share                                   $0.52          $0.41

Diluted earnings per share                           $0.50          $0.41


<PAGE>






     On June 30, 1997, a 5.00% stock dividend was paid to shareholders of record
on June 3. 1997. This dividend  resulted in the issuance of 44,792 shares with a
value at the  record  date of  $868,000.  All share and per share  data has been
restated to reflect the effect of this dividend.


Note 4 - Accounting Changes

Effective  January 1, 1997, the Company adopted a new accounting  standard which
requires  disclosure  of  comprehensive  income for all  periods.  Comprehensive
income  includes  both  net  income  and  other  comprehensive   income.   Other
comprehensive  income  includes  the  change in  unrealized  gains and losses on
securities  available for sale, foreigh currency  translation  adjustments,  and
additional minimum pension liability adjustments.




<PAGE>




               MANAGEMENT'S DISCUSSION OF RECENT OPERATING RESULTS

Forward Looking Statements

     Except  for  the  historical  information  contained  herein,  the  matters
discussed  in this report may be deemed to be  forward-looking  statements  that
involve risks and  uncertainties.  Words or phrases "will likely  result",  "are
expected to", "will  continue",  "is  anticipated",  "estimate",  "project",  or
similar expressions are intended to identify "forward-looking statements" within
the meaning of the Private  Securities  Litigation  Reform Act of 1995.  Factors
which  could cause  actual  results to differ  include,  but are not limited to,
fluctuations in interest rates,  changes in economic conditions in the Company's
market area, changes in policies by regulatory  agencies,  the acceptance of new
products,  the impact of competitive  products and pricing,  and the other risks
detailed from time to time in the Company's's SEC reports,  including the report
on Form  10-K for the year  ended  December  31,  1997.  These  forward  looking
statements  represent the Company's judgement as of the date of this report. The
Company   disclaims,   however,   any  intent  or  obligation  to  update  these
forward-looking statements.

Financial Condition

     Comparison of Financial Condition at March 31, 1998 and December 31, 1997.

     Total assets  increased  $9.5 million during the three months from December
31, 1997 to March 31, 1998.  This  increase was  primarily due to a $4.9 million
increase in the Company's  loan portfolio  including a $763,000  increase in the
Company's  loans  held  for  sale  as  the  Company  continued  its  efforts  to
restructure  its balance  sheet by  increasing  the size of its  higher-yielding
multi-family  and commercial  real estate,  land  development  and consumer loan
portfolios;  and from a $4.6 million  increase in cash and cash  equivalents and
investment  securities.  An $8.6  million  increase in deposits was used to fund
loan growth and provide  liquidity for future lending  activity.  Non-performing
loans  decreased from $2.5 million at December 31, 1997 to $2.2 million at March
31, 1998,  consisting  primarily of $2.1 million of purchased  equipment leases.
Shareholders'  equity increased from $17.7 million at December 31, 1997 to $18.2
million at March 31, 1998, an increase of $445,000 due primarily to net income.

Results of Operations

Comparison  of  Operating  Results for the Three Months Ended March 31, 1997 and
March 31, 1998.

     General. Net income for the three months ended March 31, 1998 was $445,000,
an  increase  of $87,000 or 24.30%  from net  income of  $358,000  for the three
months  ended March 31, 1997.  This  increase  was  primarily  due to a $216,000
increase in net interest income and a $109,000  increase in non- interest income
in the first  quarter  of 1998,  partially  offset  by a  $173,000  increase  in
operating expenses and a $65,000 increase in income tax expenses.



<PAGE>



     Net Interest  Income.  Net interest income for the three months ended March
31,  1998  increased  $216,000,  or 14.04%  over the same  period in 1997.  This
increase was primarily  attributable to the success of  management's  continuing
efforts to  restructure  the Company's  balance sheet by investing new funds and
shifting  existing funds into  higher-yielding  multi-family and commercial real
estate,  land  development and consumer loans. The Company's net interest margin
(net interest income divided by average  interest-earning assets) decreased from
3.56% for the three  months  ended March 31, 1997 to 3.49% for the three  months
ended March 31,  1998.  The decline in yield was offset by  increased  volume as
average  interest-earning  assets  increased  from $172.7  million for the first
quarter of 1997 to $201.4 million for the first quarter of 1998.

     Interest income on loans increased  $506,000 or 15.18% for the three months
ended March 31, 1998  compared to the same three months in 1997,  primarily  the
result of an  increase  of $23.0  million in  average  loans  outstanding.  This
increase was primarily due to an active  residential  real estate market in 1997
due to continued low interest rates and a strong local economy,  and the ongoing
success of the Company's focus on multi-family and commercial real estate,  land
development  and consumer  loan  production.  These  higher-yielding  portfolios
increased  from $80.7 million at December 31, 1997 to $86.5 million at March 31,
1998.  This increase in volume was augmented by an increase in the average yield
on loans  from 8.39% for the first  three  months of 1997 to 8.45% for the first
three months of 1998, caused primarily by the increasing  percentage of loans in
these higher yielding categories.

     Interest  earned on other  investments  and FHLB stock increased by $60,000
for the three months  ended March 31, 1998  compared to the same three months in
1997.  This was the result of an overall  $5.8  million  increase in the average
balance of other  investments  primarily due to the Company's efforts to rebuild
its liquidity  portfolio with an eye toward  addressing its relatively  high tax
burden,  offset by a  decrease  in the  average  yield  from 6.01% for the first
quarter of 1997 to 5.47% over the same period in 1998.

     Interest  expense  for the three  months  ended  March 31,  1998  increased
$350,000 or 17.48% over the same period in 1997. This increase was primarily due
to an  increase  of  $29.6  million  in  average  interest-bearing  liabilities,
consisting  of an additional  $22.1  million in the average  balance of customer
deposit  accounts and a $7.5 million  increase in the average balance of Federal
Home Loan Bank  advances  drawn to fund loan  demand  The  average  rate paid on
interest bearing liabilities remained virtually unchanged at 4.84% for the first
quarter of 1997 and 4.82% the first quarter of 1998.

     Provision for Loan Losses.  The Company  establishes its provision for loan
losses based on a systematic analysis of risk factors in the loan portfolio. The
analysis includes  evaluation of concentration of credit,  past loss experience,
current economic  conditions,  the amount and composition of the loan portfolio,
estimated fair value of the underlying collateral, loan commitments outstanding,
delinquencies and industry  standards.  From time to time,  management also uses
the  services  of a  consultant  to  assist  in the  evaluation  of its  growing
multi-family  and commercial real estate loan portfolio.  Management's  analysis
results in the  allocations  of allowance  amounts for each loan type.  Based on
this analysis, during the quarter ended June 30,


<PAGE>


1996 the Company  recorded an $800,000  provision  for loan losses  primarily in
response to the situation  involving the Bennett  Funding Group  ("Bennett")  of
Syracuse,  New York  through  which the Company  owned $2.4 million of equipment
leases.  A settlement  involving  the  restructuring  of these loans was reached
during the  second  quarter of 1997 and  resulted  in a write down of  $319,000.
Management  continues to allocate  $651,000 of the $1.5 million allowance to the
remaining leases and the restructured  loan to provide for potential  losses. It
is believed that this reserve allocation will be sufficient to cover any losses.
The Company also  recorded a $24,000  provision for loan losses during the three
months  of 1998 as a  result  of its  analysis  of the  Company's  current  loan
portfolios.  In  addition  to the $2.1  million  of  Bennett  leases  there were
$172,000 of non-performing or restructured loans at March 31, 1998. At March 31,
1998, the Company's allowance equaled 0.81% of net loans receivable

     Non-Interest  Income.  Non-interest income for the three months ended March
31, 1998 increased by $109,000,  or 54.77%,  over the same period in 1997.  This
was primarily due to a $42,000  increase in service  charges and fees on deposit
accounts due to the increasing number of these accounts,  an $18,000 increase in
the gain on the sale of mortgage  loans in the secondary  market  resulting from
the  increased  sales  activity and a $12,000  increase in fees from the sale of
annuities  and  insurance  products  through  the Bank's  subsidiary,  Lafayette
Insurance & Investments, Inc. (LIII).

     Non-Interest Expense. Non-interest expense for the three months ended March
31, 1998 increased  $173,000 over the same period in 1997. The major  components
of this increase  included a $93,000 increase in salaries and employee  benefits
and a $22,000  increase in  advertising  expense.  The increases  were primarily
incurred in connection with the opening of the Company's fourth branch.

     Income Tax Expense. The Company's income tax provision increased by $65,000
for the quarter  ended March 31,  1998  compared to the quarter  ended March 31,
1997. This was primarily due to the increase in income before income taxes.

     Liquidity.  Liquidity management is both a daily and long-term function for
the Bank's senior management.  The Bank adjusts its investment strategy,  within
the limits  established  by the  investment  policy,  based upon  assessments of
expected loan demand,  expected cash flows, FHLB advance  opportunities,  market
yields and objectives of its asset/liability  management program. Base levels of
liquidity have generally  been invested in  interest-earning  overnight and time
deposits with the FHLB of Indianapolis. Funds for which a demand is not foreseen
in the near  future are  invested in  investment  and other  securities  for the
purpose of yield enhancement and asset/liability management.

     The Bank is required to maintain  minimum levels of liquidity as defined by
regulatory agencies. The liquidity requirement,  which can vary, is based upon a
percentage  of deposits and short term  borrowings  and is currently  4.0%.  The
Bank's internal policy for liquidity is 6% to 8%. The Company's liquidity ratios
at December 31, 1997 and March 31, 1998 were 7.77% and 10.05%, respectively. The
Company  expects the liquidity  level to decline with the expected growth in the
loan portfolio and through scheduled maturities of FHLB advances.


<PAGE>




     Capital Resources.  Shareholders' equity totaled $18.2 million at March 31,
1998  compared to $17.7 million at December 31, 1997, an increase of $445,000 or
2.51%,  due to net income of $445,000,  and an $80,000 decrease in unearned ESOP
shares and  unamortized  cost of Bank  Recognition  and  Retention  Plan shares,
offset by $92,000 of cash dividends paid to shareholders.

         Federal regulations require the Bank to maintain certain minimum levels
of regulatory  capital.  The regulations  currently require that core capital as
defined be 4.0% of total assets, and that risk based capital be at least 8.0% of
risk-based  assets as  defined  by  regulations.  At March 31,  1998 the  Bank's
capital ratios were as follows:

                                              Amount         Percent of
                                               (000)      applicable assets
                                       ----------------------------------------
     Tangible capital                         $16,892           7.82%
     Requirement                                3,238           1.50
                                              -------          -----
     Excess                                   $13,654           6.32%
                                              =======          =====


     Core capital                             $16,892           7.82%
     Requirement                                6,477           3.00
                                              -------          -----
     Excess                                   $10,415           4.82%
                                              =======          =====


     Risk-based Capital                       $17,985          11.85%
     Requirement                               12,121           8.00
                                              -------          -----
     Excess                                   $ 5,864           3.85%
                                              =======          =====



<PAGE>



                           PART II - OTHER INFORMATION



Item 1.  LEGAL PROCEEDINGS

     The Company and the Bank,  from time to time,  are involved as plaintiff or
defendant in various  legal  actions  arising in the normal  course of business.
While  the  ultimate  outcome  of these  proceedings  cannot be  predicted  with
certainty,  it is the opinion of  management,  after  consultation  with counsel
representing the Bank in the  proceedings,  that the resolution of any prior and
pending  proceedings  should  not have a material  effect on the  Company or the
Bank's financial condition or results of operations.

Item 2.  CHANGES IN SECURITIES

None to be reported.

Item 3.  DEFAULTS UPON SENIOR SECURITIES

None to be reported.

Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None to be reported.

Item 5. OTHER INFORMATION

None to be reported.

Item 6. EXHIBITS AND REPORTS ON FORM 8-K

         (a)   Exhibits:

                  See exhibit index.

         (b)   Reports on Form 8-K

                  None to be reported.




<PAGE>



                                   SIGNATURES

     In accordance with the requirements of the Exchange Act, the Registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



                                   LSB FINANCIAL CORP.
                                          (Registrant)



 Date   May 11, 1998               /S/JOHN W. COREY
                                   -------------------------------------
                                   John W. Corey, President
                                   (Principal Executive Officer)


Date   May 11, 1998                /S/MARY JO DAVID
                                   -------------------------------------
                                   Mary Jo David, Treasurer
                                   (Principal Financial and Accounting Officer)




<PAGE>




                                INDEX TO EXHIBITS


Exhibit
Number
------

    11            Computation of Per Share Earnings
    27            Financial Data Schedule