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                                                                  EXHIBIT 10.30


                                 LOAN AGREEMENT

                                    BETWEEN

                             STANDARD FEDERAL BANK

                                      AND

                            GALION HOLDING COMPANY,
                       GALION SOLID WASTE EQUIPMENT, INC.
                          AND GALION DUMP BODIES, INC.

     THIS AGREEMENT made and delivered this 6th day of February, 1995, by and
between Galion Holding Company, a Michigan corporation, Galion Solid Waste
Equipment, Inc., a Michigan corporation, and Galion Dump Bodies, Inc., a
Michigan corporation (collectively, "Borrower"), whose address/principal office
is 6200 Elmridge, Sterling Heights, Michigan 48310, and Standard Federal Bank,
a federal savings bank ("Standard Federal"), whose address is 2600 West Big
Beaver Road, Troy, Michigan 48084.

RECITALS:

     A.    Borrower has requested an equipment purchase credit facility in the
total principal amount of $800,000.00.

     B.    Standard Federal is willing to supply such financing subject to the
terms and conditions set forth in this Agreement.

     NOW, THEREFORE, in reliance upon the representations herein provided and
in consideration of the premises and the mutual promises herein contained, the
Borrower and Standard Federal hereby agree as follows:

SECTION 1.           EQUIPMENT PURCHASE LINES OF CREDIT

1.1        First Line of Credit

1.1(a)  Standard Federal hereby extends to the Borrower a revolving line of
credit (the "First Line of Credit") which shall not exceed at any one time
outstanding the principal amount of Eight Hundred Thousand and 00/100 Dollars
($800,000.00) (the "First Credit Limit").

1.1(b)     The First Line of Credit herein extended shall be subject to the
terms and conditions of a Promissory Note (Line of Credit with Term Provisions)
(First Line of Credit), in the principal amount of Eight Hundred Thousand and
00/100 Dollars ($800,000.00), of even date herewith and all renewals and
amendments thereof (the "First Line of Credit Note").  This Loan Agreement and
the First Line of Credit Note are of equal materiality and shall each be
construed in such manner as to give full force and effect to all provisions of
both documents.

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1.1(c)     If at any time the amount outstanding under the First Line of Credit
shall exceed the First Credit Limit, Borrower shall, on demand, forthwith pay
to Standard Federal such sums as are necessary to reduce the amount outstanding
to an amount not greater than the First Credit Limit.

1.1(d)     Each advance under the First Line of Credit shall be used solely for
the purchase of equipment.  Each advance shall be in an amount not in excess of
Eighty Five percent (85.0%) of the cost to the Borrower of the equipment to be
purchased with such advance.  Standard Federal shall make advances under the
First Line of Credit only upon receipt by it in a form satisfactory to it of a
true and authentic copy of the dealer invoice for the equipment purchased or to
be purchased with the advance.

1.1(e)     Standard Federal shall, from time to time to and until August 1,
1995 (the "First Term Date"), make advances to Borrower under the First Line of
Credit upon request therefor by Borrower, subject to the other conditions
contained in the First Line of Credit Note.

1.1(f)     Accrued interest shall be payable under the First Line of Credit
Note on the 1st day of each month beginning on March 1, 1995 through and
including the First Term Date.  From and after the First Term Date, Standard
Federal shall make no further advances under the First Line of Credit and the
outstanding principal balance thereunder as of the First Term Date, with
interest, shall be repaid in consecutive monthly payments of principal, each in
the amount determined by dividing the outstanding principal balance under the
First Line of Credit Note as of the First Term Date by 78, plus interest
accrued to the due date of each such payment, commencing on September 1, 1995
and continuing on the same day of each consecutive month thereafter and a final
payment on February 1, 2002 in an amount equal to the then unpaid principal and
accrued interest under the First Line of Credit Note.

1.2        Second Line of Credit

1.2(a)  Standard Federal hereby extends to the Borrower an additional revolving
line of credit (the "Second Line of Credit") (the First Line of Credit and the
Second Line of Credit are sometimes herein collectively referred to as the
"Line of Credit") which shall not exceed at any one time outstanding the
principal amount of Eight Hundred Thousand and 00/100 Dollars ($800,000.00),
less the principal outstanding under the First Line of Credit as of the First
Term Date (the "Second Credit Limit").

1.2(b)     The Second Line of Credit herein extended shall be subject to the
terms and conditions of a Promissory Note (Line of Credit with Term Provisions)
(Second Line of Credit), in the principal amount of Eight Hundred Thousand and
00/100 Dollars ($950,000.00), of even date herewith and all renewals and





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amendments thereof (the "Second Line of Credit Note") (the First Line of Credit
Note and the Second Line of Credit Note are sometimes herein collectively
referred to as the "Line of Credit Notes").  This Loan Agreement and the Second
Line of Credit Note are of equal materiality and shall each be construed in
such manner as to give full force and effect to all provisions of both
documents.

1.2(c)     If at any time the amount outstanding under the Second Line of
Credit shall exceed the Second Credit Limit, Borrower shall, on demand,
forthwith pay to Standard Federal such sums as are necessary to reduce the
amount outstanding to an amount not greater than the Second Credit Limit.

1.2(d)     Each advance under the Second Line of Credit shall be used solely
for the purchase of equipment.  Each advance shall be in an amount not in
excess of Eighty Five percent (85.0%) of the cost to the Borrower of the
equipment to be purchased with such advance.  Standard Federal shall make
advances under the Second Line of Credit only upon receipt by it in a form
satisfactory to it of a true and authentic copy of the dealer invoice for the
equipment purchased or to be purchased with the advance.

1.2(e)     Standard Federal shall, from time to time after the First Term Date
and to and until February 1, 1996 (the "Second Term Date"), make advances to
Borrower under the Second Line of Credit upon request therefor by Borrower,
subject to the other conditions contained in the Second Line of Credit Note.

1.2(f)     Accrued interest shall be payable under the Second Line of Credit
Note on the 1st day of each month beginning on September 1, 1995 through and
including the Second Term Date.  From and after the Second Term Date, Standard
Federal shall make no further advances under the Second Line of Credit and the
outstanding principal balance thereunder as of the Second Term Date, with
interest, shall be repaid in consecutive monthly payments of principal, each in
the amount determined by dividing the outstanding principal balance under the
Second Line of Credit Note as of the Second Term Date by 78, plus interest
accrued to the due date of each such payment, commencing on March 1, 1996 and
continuing on the same day of each consecutive month thereafter and a final
payment on August 1, 2002 in an amount equal to the then unpaid principal and
accrued interest under the Second Line of Credit Note.

SECTION 1A.           CONDITIONS TO MAKING LOAN

1A.1       The following are conditions precedent to the obligation of Standard
to make the Line of Credit hereunder:





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1A.1(a)    The Borrower shall have delivered or shall have had delivered to
Standard Federal, in form and substance satisfactory to Standard Federal and
its counsel, each of the following:

     a.    A duly executed copy of this Loan Agreement;
     b.    A duly executed copy of the Line of Credit Notes and such other loan
           documents as Standard Federal shall require to evidence and document
           the Line of Credit;
     c.    Such credit applications, financial statements, authorizations, and
           such information concerning the Borrower and its business,
           operations, and condition (financial and otherwise) as Standard
           Federal may reasonably request;
     d.    Certified copies of resolutions of the Boards of Directors of the
           Borrower approving the execution and delivery of the loan documents
           required hereunder;
     e.    A certificate of the Secretary or an Assistant Secretary of the
           Borrower certifying the names and true signatures of the officers of
           the Borrower authorized to sign the loan documents required
           hereunder;
     f.    Copies of each of the Articles of Incorporation of the Borrower,
           certified by the Secretary of State of Michigan as of a recent date;
     g.    Copies of each of the Articles of Incorporation and Bylaws of the
           Borrower, certified by the Secretary or an Assistant Secretary of
           the Borrower as of the date of this Agreement as being accurate and
           complete;
     h.    Certificate of good standing of the Borrower from the Secretary of
           State of Michigan as of a recent date;
     i.    Certificates of authority and good standing of the Borrower for each
           state in which the Borrower is qualified to do business;
     j.    A certificate of compliance of the chief financial officer or
           treasurer of the Borrower in form satisfactory to Standard Federal
           dated as of the date of this Agreement;
     k.    Such certificates, binders or other evidence of all insurance
           required of the Borrower under this Loan Agreement as Standard
           Federal may reasonably require; and
     l.    Acknowledgement copies of all UCC-1 financing statements filed with
           respect to the Collateral accompanied by a search report showing
           such financing statements as duly filed and evidencing that the
           security interest of Standard Federal in the Collateral is prior to
           all other security interests of record.

1A.1(b)    All acts and conditions (including, without limitation, the
obtaining of any necessary regulatory approvals and the making of any required
filings, recordings, or registrations) required to be done and performed and to
have happened precedent to the execution, delivery, and performance of the loan
documents required hereunder and to constitute the same legal, valid, and
binding





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obligations, enforceable in accordance with their respective terms, shall have
been done and performed and shall have happened in due and strict compliance
with all applicable laws.

1A.1(c)    All documentation, including, without limitation, documentation for
corporate and legal proceedings in connection with the transactions
contemplated by the Loan Documents shall be satisfactory in form and substance
to Standard Federal and its counsel and all fees and charges, including
recording and filing fees, shall have been paid as required hereunder.

1A.2       As conditions precedent to Standard Federal's obligation to fund any
request for an advance under the Line of Credit, at and as of the date of the
funding thereof;

     a.    The representations and warranties of the Borrower contained in the
           Loan Documents shall be accurate and complete in all respects as if
           made on and as of such date;
     b.    The Borrower shall have paid all fees and expenses, including any
           recording fees and charges, required hereunder;
     c.    There shall not have occurred an Event of Default or any event which
           with the passage of time of the giving of notice or both would
           constitute an Event of Default; and
     d.    Following the making of such loan or advance, the aggregate
           principal amount outstanding will not exceed the limitations
           described in Sections 1 and 1A.

SECTION 2.          REPRESENTATIONS AND WARRANTIES

           The Borrower represents and warrants to Standard Federal that as of
the date of acceptance of this Agreement, as of the time any advance is to be
made hereunder and, unless expressly provided otherwise herein or agreed to by
a writing signed by Standard Federal, at all times any amounts are outstanding
hereunder:

2.1        The Borrower and each of its subsidiaries, if any, are corporations
duly organized, validly existing and in good standing under the laws of the
state of their incorporation; the Borrower and each of its subsidiaries (if
any) have the legal power and authority to own their properties and assets and
to carry out their business as now being conducted and each is qualified to do
business in the State of Ohio, the State of Michigan and in every jurisdiction
where the nature of its business or the property owned or operated by it makes
such qualification necessary and is otherwise in compliance with all applicable
laws, statutes, regulations, rules and requirements of any federal, state,
judicial, regulatory or administrative body having jurisdiction of the Borrower
or any of its assets; the Borrower has the legal power and authority to execute
and perform this Agreement, to borrow money in accordance with its terms, to
execute and deliver the Line





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of Credit Notes and other documents contemplated hereby, to grant to Standard
Federal mortgages and security interests in the Collateral, as hereby
contemplated, and to do any and all other things required of it hereunder; and
this Agreement, the Line of Credit Notes and all other documents contemplated
hereby, when executed by the Borrower's duly authorized officers will
constitute its valid and binding legal obligations enforceable in accordance
with their terms.

2.2        The execution, delivery and performance of this Agreement, the
borrowings hereunder and the execution and delivery of the Line of Credit Notes
and other documents contemplated hereby (a) have been duly authorized by all
requisite corporate action, (b) do not require governmental approval or the
approval of any person not a party to this Agreement, (c) will not result (with
or without notice and/or the passage of time) in any conflict with or breach or
violation of or default under, any provision of law, the Articles of
Incorporation or Bylaws of the Borrower or any indenture, agreement or other
instrument to which the Borrower is a party, or by which it or any of its
properties or assets are bound, and (d) will not result in the creation or
imposition of any lien, charge or encumbrance of any nature whatsoever upon any
of the properties or assets of the Borrower other than in favor of Standard
Federal and as contemplated hereby.

2.3        There is not pending or, to the best of the knowledge of the
Borrower, threatened, any litigation, proceeding or governmental investigation
which could materially and adversely affect the business of the Borrower or its
subsidiaries, if any, or its ability to perform its covenants hereunder.

2.4        Borrower has good and marketable title to its properties given as
security as herein described, and, except for liens in favor of Standard
Federal, liens for taxes not delinquent or being contested in good faith and
liens created in connection with worker's compensation, unemployment insurance
and social security, or to secure the performance of bids, tenders or contracts
(other than for the repayment of borrowed money), leases, statutory
obligations, surety and appeal bonds, and other obligations of like nature made
in the ordinary course of business, none of the Borrower's or any of its
subsidiaries' (if any) assets are subject to any mortgage, pledge, lien,
security interest, or other encumbrance of any kind or character except as have
been disclosed to Standard Federal in writing.  The Borrower owns all material
patents, trademarks, service marks, trade names, copyrights, licenses and other
rights, free from any material restrictions, that are necessary for the
operation of its business as presently conducted.

2.5        All financial data which has been or shall hereafter be furnished to
Standard Federal for the purposes of, or in connection with, this Agreement,
including particularly, but without





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limitation, the audited consolidated financial statements of McClain
Industries, Inc. as of September 30, 1993, prepared by Rehmann Robson & Co.,
and the Form 10-Q's filed with the Securities and Exchange Commission by
McClain industries, Inc. pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the quarterly periods ended December 31, 1993, March
31, 1994 and June 30, 1994, and the transactions contemplated hereby has been
and/or shall be prepared in accordance with generally accepted accounting
principles consistently applied, and does or will fairly present the financial
condition of the Borrower as of the dates, and the results of its operations
for the periods, for which the same is furnished to Standard Federal.

2.6        There has been no material adverse change in the business,
properties or condition (financial or otherwise) of the Borrower or its
subsidiaries (if any) since the date of the latest financial statements
provided to Standard Federal and there are no material debts, liabilities or
obligations (absolute or contingent) of the Borrower except as reflected in
such financial statements (or in the notes thereto).

2.7        The Borrower is not in default in the repayment of any indebtedness
for money borrowed by it nor has there occurred any event which, with or
without notice or the passage of time or both, would constitute a default by
the Borrower under any agreement or instrument pertaining to any indebtedness
for money borrowed by it.

2.8        Borrower has filed all reports and tax returns required by
governmental authority to be filed by it prior to the date hereof and Borrower
has received no notice that such reports or returns have been rejected,
declared insufficient, or otherwise challenged by such governmental authority.

2.9        The principal officers of the Borrower ("Principal Officers") are as
  follows:

     Galion Holding Company:

           Chairman of the Board      Kenneth D. McClain     
                                      ------------------

           Vice President             E. James Zabinski
                                      ------------------

           Treasurer                  E. James Zabinski      
                                      ------------------

           Secretary                  Carl L. Jaworski       
                                      ------------------

     Galion Solid Waste Equipment, Inc.:

           Chairman of the Board      Kenneth D. McClain     
                                      ------------------
           Vice President             E. James Zabinski      
                                      ------------------





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           Treasurer                  E. James Zabinski      
                                      ------------------
           Secretary                  Carl L. Jaworski       
                                      ------------------

     Galion Dump Bodies, Inc.:

           Chairman of the Board      Kenneth D. McClain     
                                      ------------------
           Vice President             E. James Zabinski      
                                      ------------------
           Treasurer                  Carl L. Jaworski       
                                      ------------------
           Secretary                  Carl L. Jaworski       
                                      ------------------

2.10       Galion Solid Waste Equipment, Inc., a Michigan corporation, and
Galion Dump Bodies, Inc., a Michigan corporation, are each wholly-owned
subsidiaries of Galion Holding Company, a Michigan corporation, which is a
wholly-owned subsidiary of McClain Industries, Inc., a Michigan corporation.
Galion Solid Waste Equipment, Inc. and Galion Dump Bodies, Inc. also each hold
one-third of the outstanding capital stock of M.E.G. Equipment Sales, Inc.,
Michigan corporation, of which M.E.G. Equipment Sales of Florida, Inc., a
Florida corporation, is a wholly-owned subsidiary.  Galion Holding Company, as
of the date of this Loan Agreement, owns no other subsidiaries.

2.11       None of the proceeds of the Line of Credit will be used for the
purpose of purchasing or carrying any "margin stock" as defined in Regulation U
or G of the Board of Governors of the Federal Reserve System (12 C.F.R. Part
221 and 207), or for the purpose of reducing or retiring any indebtedness which
was originally incurred to purchase or carry a margin stock or for any other
purpose which might constitute this transaction a "purpose credit" within the
meaning of such Regulation U or G.  Borrower is not engaged in the business of
extending credit for the purpose of purchasing or carrying margin stocks.
Neither Borrower nor any person acting on behalf of Borrower has taken or will
take any action which might cause the Line of Credit Notes or any of the other
documents executed in conjunction therewith, including this Agreement, to
violate Regulations U or G or any other regulations of the Board of Governors
of the Federal Reserve System or to violate Section 7 of the Securities
Exchange Act of 1934 or any rule or regulation thereunder, in each case as now
in effect or as the same may hereinafter be in effect.  Borrower and its
subsidiaries, if any, own no "margin stock"except for that described in the
financial statements provided to Standard Federal and, as of the date hereof,
the aggregate value of all "margin stock" owned by Borrower and its
subsidiaries, if any, does not exceed 25% of all of the value of all of
Borrower's and its subsidiaries', if any, assets.





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2.12       Except as disclosed in the environmental reports listed in attached
Schedule 2.12, copies of which the Borrower has furnished to Standard Federal,
neither the Borrower nor, to the best of Borrower's knowledge after due
inquiry, any other person or entity, has caused or permitted any waste, oil,
pesticides, or any substance or material of any kind which is currently known
or suspected to be toxic or hazardous, including but not limited to any
substance defined as a "Hazardous Waste" in Title 40, Part 261 of the Code of
Federal Regulations, (hereinafter referred to as "Hazardous Material") to be
discharged, dispersed, released, disposed of, or allowed to escape on, under or
at any property owned, occupied or operated by any Borrower in violation of any
Hazardous Materials Laws (as hereinafter defined), nor has any property owned,
occupied or operated by any Borrower, or any part thereof, ever been used by
the Borrower or, to the best of Borrower's knowledge after due inquiry, any
prior owner or any other person, as a dump, storage or disposal site for any
Hazardous Material, nor has there occurred any other violation of the federal
Comprehensive Environmental Response, Compensation and Liability Act of 1980,
42 U.S.C. Section 9601 et seq., or any other federal, state or local statute,
law, ordinance, code, rule, regulation, order or decree regulating, relating to
or imposing liability or standards of conduct concerning, any Hazardous
Material ("Hazardous Materials Laws") with respect to any property owned,
occupied or operated by any Borrower.  No asbestos or asbestos-containing
materials have been installed, used, incorporated into, or disposed of on any
property owned, occupied or operated by any Borrower.  No polychlorinated
biphenyls ("PCBs") are located on or in any property owned, occupied or
operated by any Borrower, in the form of electrical transformers, fluorescent
light fixtures with ballasts, cooling oils, or any other device or form.  All
underground storage tanks located on any property owned, occupied or operated
by any Borrower have been installed and are being operated in full compliance
with all applicable Hazardous Materials Laws.  The Borrower: (a) has not
received any notice of any release, threatened release, escape, seepage,
leakage, spillage, discharge or emission of any Hazardous Materials in, under
or upon any property owned, occupied or operated by any Borrower or of any
violation of any Hazardous Materials Law, and (2) does not know of any basis
for any such notice or violation.

2.13       No "reportable event," as defined in the Employee Retirement Income
Security Act of 1974 and any amendments thereto ("ERISA"), has occurred and is
continuing with respect to any employee pension and/or profit sharing benefit
plan maintained byor on behalf of the Borrower for the benefit of any of its
employees.  The Pension Benefit Guaranty Corporation ("PBGC") has not
instituted proceedings to terminate any such employee pension and/or profit
sharing plan or to appoint a trustee to administer such plan.   The Borrower
has maintained and funded and caused each of its subsidiaries, if any, to
maintain and fund all employee pension and/or profit sharing plans in
accordance with their terms





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and with all applicable provisions of ERISA.  Neither the Borrower nor any duly
appointed administrator of any employee pension and/or profit sharing plan: (a)
has incurred any liability to PBGC with respect to any such plan other than for
premiums not yet due or payable, (b) has instituted or intends to institute
proceedings to terminate any such plan under Section 4042 or 4041A of Erisa, or
(c) has withdrawn from any Multi-Employer Pension Plan (as that term is defined
in Section 3(37) of ERISA).

2.14       There is no material fact that the Borrower has not disclosed to
Standard Federal which could have a material adverse effect on the properties,
business, prospects or condition (financial or otherwise) of the Borrower or
any of its subsidiaries.  For purposes of this Section 2.14, a "material
adverse effect" means any circumstance or event which (a) could have any
adverse effect whatsoever upon the validity, performance or enforceability of
any material provision of the Loan Documents, (b) is or might be material and
adverse to the financial condition or business operations of the Borrower or
any subsidiary, (c) could impair the ability of the Borrower to fulfill its
obligations under the Loan Documents, or (d) causes an Event of Default or any
event which, with notice or lapse of time or both, could become an Event
of Default.  Neither the financial statements referred to in Section 2.5
hereof, nor any certificate or statement delivered herewith or heretofore by
Borrower in connection with the negotiations of this Loan Agreement, contains
any untrue statement of a material fact or omits to state any material fact
necessary to keep the statements contained herein or therein, under the
circumstances in which they were made, from being misleading.

2.15       Each request for an advance under the Line of Credit shall
constitute, without the necessity of specifically containing a written
statement, a representation and warranty by Borrower that no Event of Default
exists and that all representations and warranties contained in this Section 2
or in any mortgage, guaranty, security agreement or other document given to
secure or relating to the Line of Credit Notes or this Agreement are true and
correct at and as of the time the advance is to be made.

SECTION 3.          AFFIRMATIVE COVENANTS OF BORROWER
3.1        Prior to Standard Federal's disbursement of any advances under the
Line of Credit, the Borrower shall; (a) furnish to Standard Federal, if
Standard Federal so requires, certified copies of its Articles of
Incorporation, Bylaws and Certificate of Good Standing, which Articles of
Incorporation and Good Standing Certificate are to be certified by the
appropriate official of the Borrower's state of incorporation; (b) furnish to
Standard Federal if Standard Federal so requires a statement of the Borrower
and the chief financial officer of Borrower certifying that they are unaware of
the occurrence of an Event 

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of Default or of any event which with notice and/or the passage of time
could become an Event of Default; and (c) furnish Standard Federal such other
instruments, documents, opinions or certificates as Standard Federal or its
counsel shall reasonably require.  All actions, proceedings, instruments and
documents required or requested hereunder shall be satisfactory to and approved
by Standard Federal and/or its counsel prior to the disbursement of advances
under the Line of Credit.

3.2        From the date hereof until all amounts owing under the Line of
Credit are paid in full and all obligations under the Line of Credit Notes,
this Agreement and all other documents executed in connection with the Line of
Credit are fully paid, performed and satisfied and so long as Standard Federal
has any commitment to make advances hereunder, the Borrower covenants and
agrees it will:

3.2(a)     Furnish to Standard Federal as soon as available and, in any event,
within 90 days after the close of each fiscal year of the parent corporation of
the Borrower, McClain Industries, Inc. ("McClain"), or, in the event McClain
obtains an extension of the filing date from the Securities Exchange
Commission, by such extended date, detailed financial statements of McClain as
of the close of such fiscal year, containing a consolidated balance sheet of
McClain and its subsidiaries and statements of income and cash flows of McClain
and its subsidiaries for such fiscal year prepared in accordance with generally
accepted accounting principles and in a manner consistent with prior such
statements containing an analysis of sources and uses of funds and such other
comments and financial details as are usually included in similar reports. 
Such statements shall be accompanied by an opinion thereon (which shall not be
qualified by reason of any limitation imposed by Borrower or McClain) of
independent certified public accountants selected by McClain and acceptable to
Standard Federal as to the fairness of the statements included in the report
and to the effect that the examination of such accounts in connection with such
financial statements has been made in accordance with generally accepted
auditing standards and, accordingly, includes such tests of the accounting
records and such other auditing procedures as were considered necessary in the
circumstances.  

3.2(b) Furnish to Standard Federal, as soon as available and in any event
within 45 days after the close of each quarter of each fiscal year of McClain,
or, in the event McClain obtains an extension of the filing date from the
Securities Exchange Commission, by such extended date, detailed financial
statements of McClain as of the close of such fiscal period containing a
consolidated balance sheet of McClain and its subsidiaries and statements of
income and cash flows of the McClain and its subsidiaries for such fiscal       
period and for the portion of the fiscal year ending with such period in
reasonable detail and form acceptable to Standard Federal and certified by the
chief financial officer of McClain as being true and correct and as having been
prepared in accordance with generally accepted accounting 


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principles consistently applied, subject to year-end adjustments, if any.

3.2(c)     Furnish to Standard Federal in a form acceptable to Standard Federal
within a reasonable time not to exceed 20 days after the end of each calendar
month during the term hereof a statement of accounts receivable of Borrower
certified as correct by Borrower or a Principal Officer showing the agings
thereof and the payment, write-off or other disposition of former accounts
receivable the disposition of which has not previously been reported to
Standard Federal, and such other information and data as Standard Federal may
reasonably require.  Borrower will further specifically disclose any facts
known to Borrower which facts would tend to render doubtful the collectibility
of any account receivable disclosed in such statements, or which would indicate
that the existence or amount of such account is disputed by the debtor thereon
or which would preclude any account from being included in the computation of
Eligible Accounts Receivable herein defined.

3.2(d)     Furnish to Standard Federal in a form acceptable to Standard Federal
within a reasonable time not to exceed 20 days after the end of each calendar
month during the term hereof a statement of inventory of the Borrower certified
as correct by Borrower or a Principal Officer showing the method of reporting
and all additions to and dispositions of inventory since the previous inventory
report and such other information and data as Standard Federal may reasonably
require.

3.2(e)     Furnish to Standard Federal, promptly after McClain sends, files or
publishes the same, copies of all proxy statements, financial statements and
reports that McClain sends to its public shareholders and copies of all
regular, periodic and special reports and all registration statements and
amendments thereto that McClain files with the Securities and Exchange
Commission or any other governmental authority and any Exchange, and copies of
all press releases issued by McClain.  

3.2(f)     Promptly inform Standard Federal of the occurrence of any Event
of Default or of any event (including without limitation any pending or
threatened litigation or other proceedings before any governmental body or
agency) which could have a materially adverse effect upon the Borrower's
business, properties, financial condition or ability to comply with its
obligations hereunder or under the Line of Credit Notes.

3.2(g)     Furnish such other information as Standard Federal may reasonably
request and permit Standard Federal and its agents, attorneys and employees to
inspect all of the books, records and properties of the Borrower at any
reasonable time.





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<PAGE>   13



3.2(h)     Maintain adequate insurance with responsible companies in such
amounts and against such risks and hazards as are normally insured against by
similar businesses, and provide Standard Federal evidence of such insurance
upon request; policies of casualty insurance shall contain a customary
mortgagee clause requiring payment of proceeds to Borrower and to Standard
Federal as their interests may appear and all other insurance shall contain a
customary loss payable clause requiring payment of proceeds to Borrower and to
Standard Federal as their interests may appear and all insurance policies shall
provide that no cancellation, reduction in amount, change in coverage or
expiration thereof shall be effective until at least 30 days prior written
notice has been given by the insurer to Standard Federal; and pay when due all
taxes, assessments, fees and similar charges of every kind and nature lawfully
assessed upon the Borrower and/or its property, except to the extent being
contested in good faith; and in the event the Borrower fails to maintain such
insurance or to pay promptly any taxes or charges when due, then and in such
event Standard Federal, in its sole discretion, may, but shall not be required
to, pay the same and any amounts expended by Standard Federal for such purpose
shall become a part of the Line of Credit and shall bear interest at the rate
applicable to the outstanding principal balance owing under the Line of Credit
Notes.

3.2(i)     Preserve and keep in full force and effect its own and its material,
operating subsidiaries' (if any) corporate existence in good standing and
maintain voting control in its present controlling shareholder(s); keep current
all filings of assumed name certificates for each name under which and each
county in which the Borrower does business and promptly inform Standard Federal
of any assumed names under which it does business which were not used by the
Borrower on the date of this Agreement; continue to conduct and operate its
business substantially as presently conducted and operated in accordance with
all applicable laws and regulations; maintain and protect all franchises and
trade names and preserve all the remainder of its property used or useful in
the conduct of its business and keep the same in good repair and condition; pay
its indebtedness and obligations when due under normal terms and maintain proper
books of record and account, and; otherwise remain in compliance with all
applicable laws, statutes, regulations, rules and requirements of any federal,
state, judicial, regulatory or administrative body having jurisdiction of the
Borrower or any of its assets, except to the extent noncompliance is immaterial
and would not have a material adverse effect on Borrower.

3.2(j)     Cause McClain to maintain on a consolidated statement basis
"Tangible Net Worth" of not less than the amounts specified below as of the end
of each fiscal quarter during the fiscal years ending on the dates specified
below:





                                       13
<PAGE>   14


<TABLE>
<CAPTION>
                                            Minimum
                                           "Tangible
     Fiscal Year-End                       Net Worth"
     ---------------                       ----------
        <S>                                <C>

        09/30/94                           $16,500,000

        09/30/95                           $18,000,000

        09/30/96                           $19,000,000
</TABLE>

     "Tangible Net Worth" shall mean total assets less trademarks, franchises,
copyrights, licenses, goodwill, similar intangible assets and all liabilities
(excluding debt subordinated to Standard Federal upon terms and conditions
acceptable to Standard Federal) of the Borrower.

3.2(k)     Cause McClain to maintain on a consolidated statement basis the
ratio of "Current Assets" to "Current Liabilities" of not less than the ratios
specified below as of the end of each fiscal quarter during the fiscal years
ending on the dates specified below:


<TABLE>
<CAPTION>
     Fiscal Year-End            Minimum Current Ratio
     ---------------            ---------------------
        <S>                          <C>

        09/30/94                     2.25 to 1.00

        09/30/95                     2.30 to 1.00

        09/30/96                     2.35 to 1.00
</TABLE>

     "Current Assets" shall include all assets considered current in accordance
with generally accepted accounting principles as in effect as of the date of
this Agreement, consistently applied, less all amounts due Borrower from any of
its directors, officers, employees, its shareholders, or any company controlled
by any of its shareholders.  "Current Liabilities" shall include all
liabilities considered current in accordance with generally accepted accounting
principles as in effect as of the date of this Agreement, consistently applied,
except that portion of McClain's $5,000,000.00 line of credit with Standard
Federal which is payable within a twelve-month period.

3.2(l)     Cause McClain, on a consolidated statement basis, to maintain the
ratio of "Liabilities" to "Tangible Net Worth" of not more than the ratios
specified below as of the end of each fiscal quarter during the fiscal years
ending on the dates specified below:

                                     14

<PAGE>   15

<TABLE>
<CAPTION>
     Fiscal Year-End            Maximum Liabilities-to-Worth Ratio
     ---------------            ----------------------------------
        <S>                                <C>

        09/30/94                           2.75 to 1.00

        09/30/95                           2.65 to 1.00

        09/30/96                           2.55 to 1.00
</TABLE>

     "Liabilities" shall mean all liabilities of McClain and its consolidated
subsidiaries as defined in accordance with generally accepted accounting
principles as in effect as of the date of this Agreement, consistently applied.

     "Tangible Net Worth" shall mean total assets less trademarks, franchises,
copyrights, licenses, goodwill, similar intangible assets and all liabilities
(excluding debt subordinated to Standard Federal upon terms and conditions
acceptable to Standard Federal) of McClain.

3.2(m)     Cause McClain, on a consolidated statement basis, to maintain an
Interest Coverage Ratio of not less than 2.00 to 1.00 for each fiscal year.
The "Interest Coverage Ratio" shall be defined as the ratio of McClain's net
income, plus interest charges, income and other taxes and amortization and
depreciation for the fiscal year to all interest expense of the Borrower for
such fiscal year, as determined in accordance with generally accepted
accounting principles.

3.2(n)     Cause McClain, on a consolidated statement basis, to maintain a
Fixed Charge Coverage Ratio of not less than 1.75 to 1.00 for each fiscal year.
The "Fixed Charge Coverage Ratio" for each fiscal year shall be defined as the
ratio of McClain's net income, plus amortization and depreciation for the
fiscal year, to  current maturities of long term debt, as determined in
accordance with generally accepted accounting principles.

3.2(o)     At all times meet and cause each of its subsidiaries, if any, to
meet the minimum funding requirements of ERISA with respect to all employee
pension and/or profit sharing plans subject to ERISA and, with respect to any
such employee benefit plan, promptly notify Standard Federal in writing of any
reportable event, as defined in ERISA, or any proposed termination (voluntary
or otherwise) which could give rise to material termination liability within
the meaning of ERISA Section 4062.

3.3        The Borrower will not make any change in its accounting policies or
financial reporting practices and procedures, except changes in accounting
policies which are required or permitted by generally accepted accounting
principles and changes in financial reporting practices and procedures which
are required or permitted by generally accepted accounting principles.





                                       15
<PAGE>   16


3.4        The Borrower shall use the monies loaned hereunder only for the
purpose(s) set forth in the preamble hereto.

3.5        The Borrower shall allow Standard Federal's participant in the Line
of Credit and staff or independent accountants or auditors selected by Standard
Federal's participant to conduct a full audit of the Borrower's financial
statements and its books and records twice during the first year of the term of
the Line of Credit and once in each of the second and third years of the term
of the Line of Credit an Loan.  Standard Federal's participant shall schedule
such audits during normal business hours of the Borrower and shall provide
Borrower not less than two (2) business days notice of the commencement of each
audit.  The Borrower shall make adequate facilities available on its premises
at Borrower's expense to enable Standard Federal's participant to conduct the
audits herein described and shall make available all of its books, records and
other documents and information as may be reasonably requested to facilitate
the audits.  The Borrower agrees to pay to Standard Federal's participant an
audit fee of $3,000.00 plus travel expenses for each audit so conducted by the
participant.

SECTION 4.                     NEGATIVE COVENANTS

4.1        From the date hereof until all amounts owing under the Line of
Credit are paid in full and all obligations under the Line of Credit Notes,
this Agreement and all other documents executed in connection with the Line of
Credit are fully paid, performed and satisfied and so long as Standard Federal
has any commitment to make advances hereunder, the Borrower covenants and
agrees that it will not do and will not permit any subsidiary, if any, to do
any of the following without the prior written approval of Standard Federal:

4.1(a)     Create, incur, assume or permit to exist (a) any mortgage, pledge,
security interest, lien or charge of any kind upon any of its property or
assets whether now owned or hereafter acquired other than in favor of Standard
Federal, except as required or permitted by Standard Federal, or (b) any
indebtedness or liability for borrowed money, except indebtedness to Standard
Federal or indebtedness subordinated to the prior payment in full of the
Borrower's indebtedness to Standard Federal which is approved in writing by
Standard Federal, except as otherwise required or permitted in writing by
Standard Federal.

4.1(b)     Make loans, advances or extensions of credit to any Entity (which in
this Agreement means any individual, partnership, corporation or other legal
entity), other than a parent or subsidiary of the Borrower, in excess of
$100,000.00 in principal amount, except for sales on open account and in
ordinary course of business; or guarantee or in any way become responsible for
obligations of any other Entity except by endorsement of negotiable instruments
for deposit or collection in the ordinary course of





                                       16
<PAGE>   17

business; or subordinate any indebtedness due it from an Entity to indebtedness
of any other creditor of such Entity.

4.1(c)     Sell, lease or transfer, during any fiscal year, except inventory in
the ordinary course of business, any substantial portion of its assets; or
consolidate with or merge into any other Entity, or permit another to merge
into it; or acquire by lease or purchase all or substantially all the business
or assets of any Entity; or enter into any lease-back arrangement with any
Entity.

4.1(d)     Allow McClain to acquire or expend for, by lease, purchase or
otherwise, during any fiscal year, fixed assets in excess of $4,500,000,
excluding expenditures during 1994 relating to the tube mill of McClain Tube
Company d/b/a Quality Tube.

SECTION 5.          SECURITY

5.1        In order to secure: (1) the full and timely performance of the
Borrower's covenants set forth herein and in the Line of Credit Notes, (2) the
repayment of any and all indebtedness of the Borrower to Standard Federal
arising pursuant to the Line of Credit Notes (including any renewals or
substitutions thereof), this Agreement and any mortgage, guaranty, security
agreement or other document given to secure or relating to the Line of Credit
Notes or this Agreement, and (3) all other indebtedness and liabilities of the
Borrower to Standard Federal arising under this Agreement, the Line of Credit
Notes, whether direct or indirect, absolute or contingent, due or to become
due, now existing or hereafter arising:

5.1(a)     The Borrower hereby grants unto Standard Federal a security interest
in the following property and the proceeds thereof: (i) any and all securities
or other property received by the Borrower with respect to, on account of or in
exchange for any item of Collateral; (ii) all stock and/or liquidating
dividends (whether the same be in the form of cash or other property) paid
upon, on account of or with respect to any item of Collateral; and (iii) all
bank deposits, instruments, negotiable documents, chattel paper and any and all
other property of the Borrower of any kind whatsoever which shall at any time
be in the possession or under the control of Standard Federal; and

5.1(b)     The Borrower shall execute and deliver amendment agreements whereby
the mortgages, dated June 29, 1993 ("Mortgages"), from Galion Solid Waste
Equipment, Inc. and Galion Dump Bodies, Inc., as mortgagors, to Standard
Federal, as mortgagee, are amended to secure the Line of Credit, thereby
granting Standard Federal mortgages of first priority in the real property and
the fixtures and improvements thereon described in the Mortgages, the
provisions of which are hereby incorporated herein by reference.





                                       17
<PAGE>   18


5.1(c)     The Borrower has granted to Standard Federal a security interest of
first priority in all personal property of the Borrower as provided in a
certain Security Agreement dated September 15, 1994 from the Borrower to
Standard Federal, the provisions of which are hereby incorporated herein by
reference (herein, together with the property described in Sections 5.1(a) (i),
(ii) and (iii) above, referred to as the "Collateral" or "item(s) of
Collateral").

5.2        The Borrower shall execute and deliver to Standard Federal any and
all documents (including financing statements) as Standard Federal may require
to insure the perfection and priority of its liens and security interests in
the Collateral and furnish, if Standard Federal so requires, proof of hazard
insurance policies, in accordance with Section 3.2(g) above, relating to the
Collateral.  Borrower shall also furnish a standard ALTA mortgage title
insurance policy without exceptions (provided that the policy may contain
exceptions approved in writing by Standard Federal) insuring Standard Federal
mortgage interest in the properties described in the mortgages provided for in
Section 5.1(b).

SECTION 6.         EVENTS OF DEFAULT

           The occurrence of any of the events enumerated in Sections 6.1 to
6.11 below shall constitute an Event of Default for purposes of this Agreement:

6.1        FAILURE TO PAY MONIES DUE.  If any indebtedness of the Borrower to
Standard Federal on the Line of Credit is not paid when due, regardless of
whether such indebtedness has arisen pursuant to the terms of the Line of
Credit Notes, this Agreement or any mortgage, security agreement, guaranty,
instrument or other agreement executed in conjunction herewith.

6.2        MISREPRESENTATION.  If any warranty or representation made by or for
the Borrower and/or any endorser or guarantor of the Line of Credit Notes in
connection with the loan(s) evidenced thereby, or if any financial data or any
other information now or hereafter furnished to Standard Federal by or on
behalf of the Borrower and/or any endorser or guarantor of the Line of Credit
Notes shall prove to be false, inaccurate or misleading in any material
respect.

6.3        NONCOMPLIANCE WITH AFFIRMATIVE COVENANTS AND OTHER AGREEMENTS.  If
the Borrower shall fail to perform any of its obligations and covenants under
Section 3 of this Agreement, or shall fail to comply with any of the other
provisions of this Agreement, other than under Section 4 hereof, or the Line of
Credit Notes, or any other agreement with Standard Federal to which it may be a
party, other than the payment of principal and interest.





                                       18
<PAGE>   19



6.4        NONCOMPLIANCE WITH NEGATIVE COVENANTS.  If the Borrower shall fail
to perform any of its obligations and covenants described in Section 4 of this
Agreement.

6.5        BUSINESS SUSPENSION.  If the Borrower and/or any endorser or
guarantor of the Line of Credit Notes shall voluntarily suspend transaction of
its business.

6.6        BANKRUPTCY, ETC.  If the Borrower and/or any endorser or guarantor
of the Line of Credit Notes: (a) makes a general assignment for the benefit of
creditors; (b) shall file a voluntary petition in bankruptcy or for a
reorganization to effect a plan or other arrangement with creditors; or shall
file an answer to a creditor's petition or other petition against Borrower
and/or any endorser or guarantor of the Line of Credit Notes for relief in
bankruptcy or for a reorganization which answer admits the material allegations
thereof; or if any order for  relief shall be entered by any court of
bankruptcy jurisdiction with respect to the Borrower and/or any endorser or
guarantor of the Line of Credit Notes, or if bankruptcy, reorganization or
liquidation proceedings are instituted against Borrower and/or any endorser or
guarantor of the Line of Credit Notes and remain undismissed for 60 days; (c)
has entered against it any order by any court approving a plan for the
reorganization of the Borrower or any endorser or guarantor of the Line of
Credit Notes or any other plan or arrangement with creditors of the Borrower or
any endorser or guarantor of the Line of Credit Notes; (d) shall apply for or
permit the appointment of a receiver, trustee or custodian for any substantial
portion of the Borrower's and/or any endorser's or guarantor's properties or
assets; or (e) becomes unable to meet its debts as they mature or becomes
insolvent.

6.7        JUDGMENTS AND WRITS.  If there shall be entered against the Borrower
and/or any endorser or guarantor of the Line of Credit Notes one or more
judgments or decrees which are not insured against or satisfied or appealed
from and bonded within the time or times limited by applicable rules of
procedure for appeal as of right or if a writ of attachment or garnishment
against the Borrower and/or any endorser or guarantor of the Line of Credit
Notes shall be issued and levied in an action claiming $100,000.00 or more and
not released, bonded or appealed from within 30 days after the levy thereof.

6.8        MERGER.  If the Borrower shall merge or consolidate with another
  entity.

6.9        CHANGE OF CONTROL OR MANAGEMENT.   If the Borrower or a controlling
portion of its voting stock or a substantial portion of its assets comes under
the practical, beneficial or effective control of any person or persons other
than those having such control as of the date of execution of the Line of
Credit Notes, whether by reason of merger, consolidation, sale or purchase of
stock or





                                       19
<PAGE>   20

assets or otherwise, if any such change of control, in the sole and absolute
discretion of Standard Federal, adversely impacts upon the ability of the
Borrower to carry on its business as theretofore conducted.

6.10       OTHER DEFAULTS.  If the Borrower and/or any endorser or guarantor of
the Line of Credit Notes shall default in the due payment of any material
indebtedness to whomsoever owed, or  shall default in the observance or
performance of any material term, covenant or condition in any mortgage,
security agreement, guaranty, instrument, lease or agreement to which the
Borrower and/or any endorser or guarantor of the Line of Credit Notes is a
party.

6.11       REPORTABLE EVENT.  If there shall occur any "reportable event", as
defined in the Employee Retirement Income Security Act of 1974 and any
amendments thereto, which is determined to constitute grounds for termination
by the Pension Benefit Guaranty Corporation of any employee pension benefit
plan maintained by or on behalf of the Borrower for the benefit of any of its
employees or for the appointment by the appropriate United States District
Court of a trustee to administer such plan and such reportable event is not
corrected and such determination is not revoked within 30 days after notice
thereof has been given to the plan administrator or the Borrower; or the
institution of proceedings by the Pension Benefit Guaranty Corporation to
terminate any such employee benefit pension plan or to appoint a trustee to
administer such plan; or the appointment of a trustee by the appropriate United
States District Court to administer any such employee benefit pension plan.

SECTION 7.          REMEDIES UPON EVENT OF DEFAULT

7.1        Upon the occurrence of any Event of Default described in Sections
6.2, 6.3 or 6.10 hereof which is not cured or waived in writing by Standard
Federal within 15 days after written notice to the Borrower of such default; or
upon the occurrence of any Event of Default described in Section 6.1 which
continues unremedied for 10 days, or upon the occurrence of any Event of
Default described in Sections 6.4, 6.5, 6.6, 6.7, 6.8, 6.9 or 6.11, Standard
Federal's commitment to lend hereunder, if any, shall terminate and Standard
Federal may, without notice, declare the entire unpaid and outstanding
principal balance of the Line of Credit and all accrued interest to be due and
payable in full forthwith, without presentment, demand or notice of any kind,
all of which are hereby expressly waived by Borrower, and thereupon Standard
Federal shall have and may exercise any one or more of the rights and remedies
provided herein or in the Line of Credit Notes or in any mortgage, guaranty,
security agreement or other document relating hereto or granted secured parties
under the Michigan Uniform Commercial Code, including the right to take
possession of and dispose of the Collateral, or otherwise provided by
applicable law, and to offset





                                       20
<PAGE>   21

against the Line of Credit any amount owing by Standard Federal to the
Borrower.

SECTION 8.               MISCELLANEOUS.

8.1        No default shall be waived by Standard Federal except in writing and
a waiver of any default shall not be a waiver of any other default or of the
same default on a future occasion.  No single or partial exercise of any right,
power or privilege hereunder, or any delay in the exercise hereof, shall
preclude other or further exercise of the rights of the parties to this
Agreement.

8.2        No forbearance on the part of Standard Federal in enforcing any of
its rights under this Agreement, nor any renewal, extension or rearrangement of
any payment or covenant to be made or performed by the Borrower hereunder shall
constitute a waiver of any of the terms of this Agreement or of any such right.

8.3        This Agreement shall be construed in accordance with the law of the
State of Michigan.

8.4        All covenants, agreements, representations and warranties made in
connection with this Agreement and any document contemplated hereby shall
survive the borrowing hereunder and shall be deemed to have been relied upon by
Standard Federal.  All statements contained in any certificate or other
document delivered to Standard Federal at any time by or on behalf of the
Borrower pursuant hereto shall constitute representations and warranties by the
Borrower.

8.5        The Borrower agrees that it will pay all costs and expenses incurred
by Standard Federal in enforcing Standard Federal's rights under this Agreement
and the documents contemplated hereby, including without limitation any and all
reasonable fees and disbursements of legal counsel to Standard Federal.

8.6        This Agreement shall inure to the benefit of and shall be binding
upon the parties hereto and their respective heirs, personal representatives,
successors and assigns; provided, however, that the Borrower shall not assign
or transfer its rights or obligations hereunder without the prior written
consent of Standard Federal.

8.7        If any provision of this Agreement shall be held or deemed to be or
shall, in fact, be inoperative or





                                       21
<PAGE>   22

unenforceable as applied in any particular case in any or all jurisdictions, or
in all cases because it conflicts with any other provision or provisions hereof
or any constitution or statute or rule of public policy, or for any other
reason, such circumstances shall not have the effect of rendering the provision
in question inoperative or unenforceable in any other case or circumstance, or
of rendering any other provision or provisions herein contained invalid,
inoperative, or unenforceable to any extent whatever.  The invalidity of any
one or more phrases, sentences, clauses or sections contained in this
Agreement, shall not affect the remaining portions of this Agreement, or any
part thereof.

SECTION 9.          ADDITIONAL PROVISION

9.1        In addition to the terms, covenants and conditions set forth above,
Borrower agrees to cause McClain Industries, Inc., a Michigan corporation, to
execute and deliver to Standard Federal an unlimited and continuing guaranty of
payment of the obligations of Borrower under the Line of Credit in form and
substance acceptable to Standard Federal.

     IN WITNESS WHEREOF, the Borrower and Standard Federal have caused this
Line of Credit Loan Agreement to be executed as of the day and year first
written above.

Witnesses:                      BORROWER:


                                GALION HOLDING COMPANY, a Michigan corporation



                                By:                                
---------------------------        --------------------------------
                                     E. James Zabinski
                                     Vice President/Treasurer

                                Taxpayer Identification Number:

                                           38-3060196
                                   ---------------------------------


                                GALION SOLID WASTE EQUIPMENT, INC., a Michigan 
                                      corporation



                                By:                               
---------------------------        -------------------------------
                                     E. James Zabinski
                                     Treasurer

                                Taxpayer Identification Number:
                                                                  
                                ----------------------------------

                                       22
<PAGE>   23


                                GALION DUMP BODIES, INC., a Michigan corporation


                                By:                               
---------------------------        -------------------------------
                                     Carl Jaworski
                                     Treasurer


                                Taxpayer Identification Number:

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



                                STANDARD FEDERAL BANK, a
                                   federal savings bank


                                By:                            
                                   ----------------------------


                                   Its:                        
                                       ------------------------



                                       23
<PAGE>   24

                                 Schedule 2.12


     1.    Final Report Phase I Environmental Assessment Peabody-Galion
           Corporation, Winesburg, Holmes County, Ohio, prepared by Stearns &
           Wheler, Environmental Engineers and Scientists, dated February,
           1993, Project No. 2471.

     2.    Final Report Phase II Site Investigation, Galion Site, Winesburg,
           Ohio, prepared by Stearns & Wheler, Environmental Engineers and
           Scientists, dated September, 1993, Project No. 2471.

     3.    Phase II Site Investigation Peabody-Galion Site, Galion, Ohio,
           prepared by Stearns & Wheler, Environmental Engineers and
           Scientists, dated January, 1993, Project No. 2429.





                                       24