<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                   FORM 10-Q


  [X]  Quarterly report pursuant to section 13 or 15 (d)
           of the Securities Exchange Act of 1934.

       For the Quarterly period ended June 30, 1999

  [_]  Transition report pursuant to section 13 or 15 (d) of the
           Securities Exchange Act of 1934.

  For the transition period from_____________________ to ___________________.

                        Commission file number 0-17676
                                               -------

                        AMERINST INSURANCE GROUP, INC.
                        ------------------------------
            (Exact Name of Registrant as Specified in its Charter)


DELAWARE                                                52-1534560
(State or other jurisdiction of                         (I.R.S. Employer
Incorporation or Organization)                          Identification No.)

128 Berlin State Highway-Berlin, Barre, Vermont         05602
Mailing address:  P.O. Box 1330, Montpelier, Vermont    05601
(Address of Principal Executive Offices)                (Zip Code)

Registrant's telephone number, including area code:     (802) 229-5042

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the Registrant
was required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.

                                 [X] YES               [_] NO

Number of shares of common stock outstanding:

                                                  Number outstanding
     Class                                      as of August  4, 1999
     -----                                      ---------------------

$0.01 par value common                                  332,115
<PAGE>

Part I, Item 1


                        AMERINST INSURANCE GROUP, INC.
                    CONDENSED CONSOLIDATED BALANCE  SHEETS


<TABLE>
<CAPTION>
                                                                                           (Unaudited)         As of
                                                                                              As of         December 31,
                                                                                          June 30, 1999         1998
                                                                                         --------------     ------------

INVESTMENTS
<S>                                                                                       <C>               <C>
   Fixed maturity investments, at market value..........................................    $34,715,112      $34,577,261
   Equity securities, at market value...................................................      8,359,527        7,971,397
                                                                                         --------------     ------------

             TOTAL INVESTMENTS..........................................................     43,074,639       42,548,658


   Cash and cash equivalents............................................................      2,653,953        1,450,795
   Assumed reinsurance premiums receivable..............................................        768,656        2,357,147
   Reinsurance recoveries receivable....................................................        875,685          875,685
   Accrued investment income............................................................        465,029          596,862
   Deferred policy acquisition costs....................................................        738,564          973,461
   Deferred income tax asset............................................................        920,178          652,666
   Prepaid expenses and other assets....................................................         64,776          326,172
                                                                                         --------------      -----------

             TOTAL ASSETS...............................................................    $49,561,480      $49,781,446
                                                                                         ==============      ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES
    Unpaid losses and loss adjustment expenses..........................................    $23,715,345      $21,718,087
    Unearned premiums...................................................................      2,591,451        3,415,651
    Reinsurance balances payable........................................................      1,764,749        2,142,396
    Income taxes payable................................................................         10,727          118,004
    Accrued expenses and other liabilities..............................................        475,952          445,299
                                                                                         --------------      -----------

             TOTAL LIABILITIES..........................................................     28,558,224       27,839,437
                                                                                         --------------      -----------

STOCKHOLDERS' EQUITY

   Common stock, $.01 par value, 2,000,000 shares authorized:
             1999: 332,115 issued and outstanding
             1998: 332,331 issued and outstanding.......................................          3,321            3,323
   Additional paid-in capital...........................................................      7,135,220        7,144,818
   Retained earnings....................................................................     12,965,457       13,636,875
   Accumulated other comprehensive income, net of tax...................................        899,258        1,156,993
                                                                                         --------------      -----------

             TOTAL STOCKHOLDERS' EQUITY.................................................     21,003,256       21,942,009
                                                                                         --------------      -----------

             TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.................................    $49,561,480      $49,781,446
                                                                                         ==============      ===========
</TABLE>

See the accompanying notes to the condensed consolidated financial statements.

                                       2
<PAGE>

                        AMERINST INSURANCE GROUP, INC.
                     CONDENSED CONSOLIDATED STATEMENTS OF
                       OPERATIONS AND RETAINED EARNINGS
                                  (Unaudited)


<TABLE>
<CAPTION>
                                                                  Six Months      Six Months     Three Months     Three Months
                                                                    Ended           Ended           Ended             Ended
                                                                June 30, 1999   June 30, 1998   June 30, 1999     June 30, 1998
                                                                -------------   -------------   -------------     -------------
Revenue
<S>                                                             <C>             <C>             <C>               <C>
   Premiums earned............................................    $ 3,445,317     $ 3,056,891     $ 1,617,479     $ 1,457,630
   Net investment income......................................      1,090,934       1,084,356         549,884         538,890
   Net realized capital gain..................................        274,386         306,195          30,988         240,867

             Total Revenue....................................      4,810,637       4,447,442       2,198,351       2,237,387

Losses And Expenses
   Losses and loss adjustment expenses........................      3,473,412       3,667,981       1,645,574       1,749,156
   Commissions expense........................................        992,426         867,658         468,925         415,425
   Other operating and management expenses....................        465,550         449,711         204,426         253,386

             Total Losses And Expenses........................      4,931,388       4,985,350       2,318,925       2,417,967

Income (loss) before income taxes.............................       (120,751)       (537,908)       (120,574)       (180,580)
   Provision for income tax expense (benefit).................        (44,462)       (299,769)        (85,636)       (118,859)

Income (loss) before cumulative effect of a change in
     accounting principle.....................................        (76,289)       (238,139)        (34,938)        (61,721)

Cumulative effect on prior years of retroactive application
     of new statement of position, net of tax.................       (154,466)
                                                                  -----------    -------------   -------------   -------------

Net Loss......................................................    $   (230,755)   $    (238,139)  $   (34,938)    $   (61,721)


Other Comprehensive Income, Net Of Tax
     Net unrealized holding gain (loss) arising during the            (76,640)        434,030         158,906         (26,172)
      period
     Less:  reclassification adjustment for gains included
        in net income.........................................       (181,095)       (202,089)        (20,452)       (158,972)
                                                                  -----------    -------------   -------------   -------------

Other Comprehensive Income(loss), Net Of Tax                         (257,735)        231,941         138,454        (185,144)
                                                                  -----------    -------------   -------------   -------------

Comprehensive Income (Loss)...................................    $  (488,490)    $    (6,198)    $   103,516     $  (246,865)
                                                                  ===========    =============   =============   =============


Retained Earnings, Beginning Of Period........................    $13,636,875     $12,925,567     $13,220,168     $12,530,807
Net income (loss).............................................       (230,755)       (238,139)        (34,938)        (61,721)
Dividends paid................................................       (431,887)       (433,059)       (215,904)       (216,377)
Excess of purchase price on stock redemptions.................         (8,776)        (14,220)         (3,869)        (12,560)
                                                                  -----------    -------------   -------------   -------------

Retained Earnings, End Of Period..............................    $12,965,457     $12,240,149     $12,965,457     $12,240,149
                                                                  ===========    =============   =============   =============
Per share amounts
     Income (loss) before cumulative effect of a change
        in accounting principle...............................           (.23)           (.71)           (.11)           (.19)
     Cumulative effect on prior years of retroactive
      application
        of new statement of position, net of tax..............           (.46)
                                                                  -----------    -------------   -------------   ------------
Net earnings (loss) per share.................................          $(.69)          $(.71)          $(.11)          $.(19)
                                                                  ===========    =============   =============   =============
Dividends paid................................................          $1.30           $1.30            $.65           $ .65
                                                                  ===========    =============   =============   =============
   Weighted average number of shares
      outstanding for the entire period.......................        332,252         333,207         332,154         333,063
                                                                  ===========    =============   =============   =============
</TABLE>

See the accompanying notes to the condensed consolidated financial statements.

                                       3
<PAGE>

                        AMERINST INSURANCE GROUP, INC.
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (Unaudited)



<TABLE>
<CAPTION>
                                                                                                  Six Months        Six Months
                                                                                                    Ended             Ended
                                                                                                June 30, 1999     June 30, 1998
                                                                                                -------------     -------------

OPERATING ACTIVITIES
<S>                                                                                             <C>               <C>
Net Cash Provided by Operating Activities.....................................................    $ 2,328,842       $ 1,035,229
                                                                                                  -----------     -------------

INVESTING ACTIVITIES
 Proceeds from sales of investments...........................................................      4,377,685         4,939,464
 Purchases of fixed-maturity securities.......................................................     (5,053,106)       (4,493,682)
                                                                                                  ------------    -------------

Net Cash  (Used in) Provided by Investing Activities..........................................       (675,421)          445,782

FINANCING ACTIVITIES
 Redemption of shares.........................................................................        (18,376)          (30,196)
 Shareholder dividend.........................................................................       (431,887)         (433,059)
                                                                                                  ------------    -------------

Net Cash Used in Financing Activities.........................................................       (450,263)         (463,255)
                                                                                                  ------------    -------------

INCREASE IN CASH..............................................................................    $ 1,203,158       $ 1,017,756
                                                                                                  ============    =============
</TABLE>

See the accompanying notes to the condensed consolidated financial statements.

                                       4
<PAGE>

AMERINST INSURANCE GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June 30, 1999

Basis of Presentation

The condensed consolidated financial statements included herein have been
prepared by AmerInst Insurance Group, Inc. (AIIG) without audit, pursuant to the
rules and regulations of the Securities and Exchange Commission and reflect all
adjustments consisting of normal recurring accruals, which are, in the opinion
of management, necessary for a fair presentation of the results of operations
for the periods shown.  These statements are condensed and do not include all
information required by generally accepted accounting principles to be included
in a full set of financial statements.  It is suggested that these condensed
statements be read in conjunction with the consolidated financial statements at
and for the year ended December 31, 1998 and notes thereto, included in the
Registrant's annual report as of that date.

Part I, Item 2

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS

OPERATIONS

Three months ended June 30, 1999 compared to three months ended June 30, 1998:

Net loss decreased by $26,783 from $(61,721) in the second quarter of 1998 to
$(34,938) in the second quarter of 1999.  The change in earnings is primarily
attributable to an increase in premiums earned offset by lower realized capital
gains, as discussed below.

Sales of securities during the three months ended June 30, 1999 resulted in
realized capital gains of $30,988 as compared to $240,867 in the same period of
1998.  Net investment income for the second quarter of 1999 was $549,884
compared to $538,890 for the same quarter of 1998. Investment yield for the
second quarter of 1999, consisting of interest and dividend income, was
approximately 4.9% which is equivalent to the yield reported for the second
quarter of 1998 and the first quarter of 1999.

Earned premiums for the second quarter of 1999 amounted to $1,617,479 as
compared to $1,457,630 for the second quarter of 1998.  The change of $159,849
represents an 11% increase. The increase in earned premiums is attributable to
continued growth of the AICPA Plan. This growth is primarily the result of an
increase in the number of insureds under the AICPA Plan and from certain rate
increases associated with a "step plan" which was initiated during 1995.  Under
the step plan, insureds are offered discounted premium rates for favorable loss
experience.  However, as these insureds experience losses their premiums are
"stepped up" accordingly.  Because of the use of claims-made policies, as the
number of years of coverage provided increases, CNA's (and AIIG's) exposure
increases.  This additional exposure also results in an increase in premiums
earned.

                                       5
<PAGE>

AMERINST INSURANCE GROUP, INC.

OPERATIONS--Continued

The loss ratios for the three month periods ended June 30, 1999 and 1998 were
102% and 120%, respectively.  The loss ratio of 102% represents management's
current estimated effective loss ratio selected in consultation with the
Company's independent consulting actuary to apply to current premiums assumed
and earned. Losses incurred in the second quarter of 1999 do not reflect any
development of prior year reserves. The Company's overall loss ratio for the
year ended December 31, 1998 was 81%.  However, the loss ratio at December 31,
1998 calculated using only losses and loss adjustment expenses incurred for the
current year (excluding the effects of favorable development and excluding
reductions to retrocession premiums) was 168%.

Policy acquisition costs of $468,925 were expensed in the second quarter of 1999
as compared to $415,425 for the same period of 1998, an increase of 13%.  Such
costs as a percentage of premiums earned are 28.9% and 28.5% for the quarters
ended June 30, 1999 and 1998, respectively.  Policy acquisition costs result
from ceding commissions paid to ceding companies determined contractually
pursuant to reinsurance agreements.

These fluctuations in premiums, losses and expenses combined to result in a net
underwriting loss of $(701,446) for the second quarter of 1999 as compared to
$(960,337) for the same period of 1998.


Six months ended June 30, 1999 compared to six months ended June 30, 1998:

Net loss decreased by $7,384 from $(238,139) for the six months ended June 30,
1998 to $(230,755) for the six months ended June 30, 1999.  Sales of securities
during the six months ended June 30, 1999 resulted in realized capital gains of
$274,386 as compared to $306,195 in the same period of 1998.  Net investment
income through June 30, 1999 was $1,090,934 compared to $1,084,356 for the same
period of 1998.  Investment yield for the six month period was approximately
4.9% as compared to 5.0% for the first six months of 1998.

Earned premiums for the first six months of 1999 amounted to $3,445,317 as
compared to $3,056,891 for 1998.  The change of $388,426 represents a 13%
increase.  The increase in earned premiums is attributable to continued growth
of the AICPA Plan, as discussed above.  The loss ratio through the first six
months of 1999 was 101% as compared to 120% for the same period of 1998.  The
loss ratio of 101% represents management's current estimated effective loss
ratio selected in consultation with the Company's independent consulting actuary
to apply to current premiums assumed and earned. Losses incurred through June
30, 1999 do not reflect any development of prior year reserves. Management
expects to make a determination in the fourth quarter whether an adjustment to
reserves for prior years is appropriate.  The Company's overall loss ratio for
the year ended December 31, 1998 was 81%.  However, the loss ratio at December
31, 1998 calculated using only losses and loss adjustment expenses incurred for
the current year (excluding the effects of favorable development and excluding
reductions to retrocession premiums) was 168%.

Policy acquisition costs of $992,426 were expensed in the first six months of
1999 as compared to $867,658 for the same period of 1998, an increase of 14%.
Such costs as a percentage of premiums earned are 28.8% and 28.4% for the six
month periods ended June 30, 1999 and 1998,

                                       6
<PAGE>

AMERINST INSURANCE GROUP, INC.

OPERATIONS--Continued

respectively.  Policy acquisition costs result from ceding commissions paid to
ceding companies which are determined contractually pursuant to reinsurance
agreements.

These fluctuations combined to result in a net underwriting loss of $(1,486,071)
for the six month period as compared to $(1,928,459) for the same period of
1998.

AIIG implemented Statement of Position 98-5 (SOP 98-5), "Reporting on the Costs
of Start-Up Activities", in the first quarter of 1999.  With the adoption of SOP
98-5, AIIG expensed certain start-up costs associated with the proposed
redomestication as incurred (see discussion detailing the proposed
redomestication below.)  Previously, AIIG had capitalized these costs to be
expensed over a period of 60 months.  The adoption of SOP 98-5 has been applied
retroactively to the costs of start-up activities that were previously
capitalized in order to determine their cumulative effect. The adjustment
necessary for retroactive application of SOP 98-5, amounting to $(154,466) on a
net of tax basis, or $(0.46) per share, is included in net income for the six
months ended June 30, 1999.


FINANCIAL CONDITION AND LIQUIDITY

As of June 30, 1999, total invested assets amounted to $43,074,639 an increase
of $525,981 or 1.2% from $42,548,658 at December 31, 1998.  Cash and cash
equivalent balances increased from $1,450,795 at December 31, 1998 to $2,653,953
at June 30, 1999, an increase of 83%.  The amount of cash on hand fluctuates
primarily based on the timing of bond maturities.  As bonds mature, the proceeds
are temporarily placed in cash until they are reinvested.   The ratio of cash
and invested assets to total liabilities and stockholders' equity at June 30,
1999 was .92 to 1, compared to a ratio of .91 to 1 at June 30, 1998.

Assumed reinsurance premiums receivable represents current assumed premiums
receivable less commissions payable to the fronting carriers.  This balance
decreased from $2,357,147 at December 31, 1998 to $768,656 at June 30, 1999, a
decrease of $1,588,491.  Approximately $818,000 of the decrease in assumed
reinsurance premiums receivable is attributable to the first quarter collection
of an adjustment for prior year premiums due from CNA, as more fully described
in AIIG's December 31, 1998 10-K (Note H of the audited financial statements).
This balance also fluctuates due to timing of renewal premium written and due to
the fact that a majority of premiums are written in the third quarter.

The Registrant paid its sixteenth consecutive quarterly dividend of $0.65 per
share during the second quarter of 1999.

                                       7
<PAGE>

AMERINST INSURANCE GROUP, INC.

YEAR 2000 READINESS

AIIG is aware of the issues associated with the programming code in existing
computer systems as the year 2000 approaches.  The "Year 2000" problem is the
result of computer programs being written using two digits rather than four to
define the applicable year.  Programs that have time-sensitive software may
recognize a date using "00" as the year 1900 rather than the year 2000.  Systems
that do not properly recognize such information could generate erroneous data or
fail.

The Company's operations are conducted through its management company, Vermont
Insurance Management, Inc. ("VIM").  VIM has informed the Company that it has
used both internal and external resources to identify, correct and test its
financial, information and operational systems for Year 2000 compliance.  VIM
has assessed its internal systems for Year 2000 compliance and has made
inquiries of third parties with whom the Company has material relationships to
assess the potential impact on the Company's operations if key third parties are
not successful in converting their systems in a timely manner.  VIM has
completed its assessment of its hardware systems and software systems and has
completed all necessary remediation to insure that its systems are Year 2000
compliant.  The costs of remediation to its systems have been borne by VIM or
its affiliates.

VIM has not yet received responses to all of its third party inquiries, but the
Company believes that its primary focus regarding the Year 2000 problem is
appropriately with AIIC's primary insurance carrier, CNA. The majority of
insurance transactions affecting the Company are originated by CNA operating
systems, with quarterly reporting to the Company.  Representatives of CNA have
informed the Company that CNA has been Year 2000 compliant since December 1,
1998.  If CNA is not Year 2000 compliant, the Company believes that the impact
on its business is likely to be material. Presently, the Company's only business
is that of reinsurance, so the Company anticipates that Year 2000 noncompliance
by, particularly CNA, will be disruptive primarily from a reporting and
informational standpoint.

The Company's expectations about the impact of the Year 2000 problem on its
business are subject to a number of uncertainties that could cause actual
results to differ materially.  Such factors include the following: (i) The
Company's service providers may not be successful in properly identifying all
systems and programs that contain two-digit year codes; (ii) The nature and
number of systems which require reprogramming, upgrading or replacement may
exceed the service providers' expectations in terms of complexity and scope;
(iii) The Company's service providers may not be able to complete all
remediation and testing necessary in a timely manner; (iv) The Company has no
control over the ability of third parties to achieve Year 2000 compliance; and
(v) The impact of the Year 2000 problem on CNA may be of such magnitude that it
may adversely affect the Company's business or eliminate its sole source of
insurance business.

                                       8
<PAGE>

AMERINST INSURANCE GROUP, INC.

PROPOSED REDOMESTICATION AND RESTRUCTURING

AIIG and AmerInst Insurance Group, Ltd., a Bermuda limited company ("AIG Ltd."),
have entered into an Exchange Agreement, pursuant to which AIIG would transfer
all of its assets and liabilities to AIG Ltd., in exchange for newly issued
shares of AIG Ltd. AIIG would then be liquidated and AIIG's shareholders would
receive, on a share-for-share basis, the newly issued shares of AIG Ltd. AIIG's
Board of Directors has voted to submit the Exchange Agreement and the
dissolution of AIIG to a vote of AIIG's shareholders.

The transaction contemplates the restructuring of AIIG's business, including the
redomestication of the insurance operations of AIIC to AIG Ltd.

On August 11, 1999 the shareholders of AIIG, at a special meeting called for
this purpose, voted to approve the Exchange Agreement and the liquidation of
AIIG. These transactions will be consummated as part of a series of transactions
related to the redomestication, as outlined in the Prospectus/Proxy Statement
distributed to AIIG's shareholders.

The transactions contemplated in the Exchange Agreement, the redomestication and
the restructuring will be consummated only if certain additional conditions are
satisfied, including certain regulatory approvals and the agreement of certain
other third parties.

                                       9
<PAGE>

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

     (a) A Special Meeting of AIIG's Stockholders was held on August 11, 1999.
         At said Meeting, the stockholders voted as follows:

                                             For         Against      Abstain
                                             ---         -------      -------
     Approval of Exchange Agreement        182,064       20,331        3,524

     Approval of liquidation of AIIG       183,344       19,259        3,316

     No other matters were voted on at the Special Meeting.

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

     (a) Exhibits

         See Index to Exhibits immediately following the signature page.

     (b) Reports on Form 8-K

         No reports on Form 8-K were filed during the quarter ended June 30,
1999

                                       10
<PAGE>

                                 SIGNATURES
                                 ----------


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                 AMERINST INSURANCE GROUP, INC.
                                 ------------------------------
                                 (Registrant)



August 12, 1999   /s/ Bruce W. Breitweiser
                  --------------------------------
                  Bruce W. Breitweiser
                  (Vice President and Chief Financial Officer,
                  duly authorized to sign this Report in such
                  capacity and on behalf of the Registrant.)

                                       11
<PAGE>

AMERINST INSURANCE GROUP, INC.

INDEX TO EXHIBITS

Exhibit
Number    Description
------    -----------

3(i)      Certificate of Incorporation of the Company (1)
3(ii)     Bylaws of the Company (1)
4.1       Article Fourth of Certificate of Incorporation -- included in Exhibit
          3(i) above
4.2       Statement of Stock Ownership Policy, as amended (7)
10.1      Reinsurance Treaty between AIIC and Virginia Surety Company, Inc. (2)
10.2      Agreement between Country Club Bank and AIIC (2)
10.3      Agreement between Country Club Bank and AIIG (2)

10.4      Reinsurance Treaty between AIIC and CNA Insurance Companies (3), 1994
          placement slip (4) 1995 placement slip (5) 1996 placement slip (6)
          1997 placement slip (9) and 1998 placement slip (10)

10.5      Investment Advisory Agreement For Discretionary Accounts between
          Amerinst Insurance Company and Harris Associates L.P. dated as of
          January 22, 1996, as amended by the Amendment to Investment Advisory
          Agreement for Discretionary Accounts dated as of April 2, 1996 (10)

10.6      Escrow Agreement among AIIC, United States Fire Insurance Company and
          Harris Trust and Savings Bank dated March 7, 1995 (5)
10.7      Security Trust Agreement among AIIC, Harris Trust and
          Savings Bank and Virginia Surety Company, Inc. dated March 9, 1995 (5)
10.8      Exchange Agreement between the Company and AIG Ltd., dated as of
          January 20, 1999 (11)
21        Subsidiaries of the Registrant (1)
27        Financial Data Schedule (filed herewith)
_____________________

(1) Filed with the Company's Registration Statement on Form S-1, Registration
     No. 33-17421 and incorporated herein by reference.

(2) Filed with the Company's Annual Report on Form 10-K for the year ended
     December 31, 1992 and incorporated herein by reference.

(3) Filed with the Company's Annual Report on Form 10-K for the year ended
     December 31, 1993 and incorporated herein by reference.

(4) Filed with the Company's Annual Report on Form 10-K for the year ended
     December 31, 1994 and incorporated herein by reference.

(5) Filed with the Company's Quarterly Report on Form 10-Q for the quarter ended
     September 30, 1995 and incorporated herein by reference.

(6) Filed with the Company's Quarterly Report on Form 10-Q for the quarter ended
     September 30, 1996 and incorporated herein by reference.

(7) Filed with the Company's Annual Report on Form 10-K for the year ended
     December 31, 1996 and incorporated herein by reference.

                                       12
<PAGE>

AMERINST INSURANCE GROUP, INC.

INDEX TO EXHIBITS--Continued


(8)  Filed with the Company's Quarterly Report on Form 10-Q for the quarter
      ended June 30, 1997 and incorporated herein by reference.

(9)  Filed with the Company's Quarterly Report on Form 10-Q for the quarter
      ended September 30, 1997 and incorporated herein by reference.

(10) Filed with the Company's Quarterly Report on Form 10-Q for the quarter
      ended September 30, 1998 and incorporated herein by reference.

(11) Filed with the Company's Annual Report on Form 10-K for the year ended
      December 31, 1998 and incorporated herein by reference.

                                       13