Arkansas Business Rankings: The Top Public Deals of 1999.

          Arkansas Business Rankings: The Top Public Deals of 1999
                 Ranked by price of transactions announced
                   in 1999. Arkansas companies in bold.
BUYER, CITY                            SELLER, CITY
1. Wal-Mart Stores Inc., Bentonville   Asda Group Plc., Leeds, England
                                       Perella Group
2. Wal-Mart Stores Inc., Bentonville   Debt securities
3. Alltel Corp., Little Rock           Debt securities
4. Alltel Corp., Little Rock           Liberty cellular Inc., Salina, Kan.
5. P. A. M. Transportation Services,   Decker Transport Co.
Tontitown
                                       Riverdale, N.J.
6. Simmons First National Corp., Pine  NBC Bank Corp., El Dorado
Bluff
7. Arkansas Best Corp., Fort Smith     Treadco Inc., Fort Smith
8. Advanced Environmental Recycling    Bond issue
Technologies Inc.
(AERT), Springdale
9. Brass Eagle Inc., Rogers            CM Support Inc., Dallas
10. USA Truck Inc., Van Buren.         Carco Capital Corp., Fort Smith
11. Paul Carter, executive vice        Wal-Mart common stock
president
12. FDH Enterprises Inc., Little Rock  TCBY Enterprises, Little Rock
13. Acxiom Corp., Little Rock          CDSI Holdings Inc., Miami, Fla.
BUYER, CITY                                           (MILLIONS)
1. Wal-Mart Stores Inc., Bentonville                  $10,678.58
2. Wal-Mart Stores Inc., Bentonville                    5,750.00
3. Alltel Corp., Little Rock                              500.00
4. Alltel Corp., Little Rock                              481.69
5. P. A. M. Transportation Services, Tontitown             48.90
6. Simmons First National Corp., Pine Bluff                26.64
7. Arkansas Best Corp., Fort Smith                         23.19
8. Advanced Environmental Recycling Technologies Inc.      16.50
(AERT), Springdale
9. Brass Eagle Inc., Rogers                                 5.00
10. USA Truck Inc., Van Buren.                              3.00
11. Paul Carter, executive vice president                   2.69
12. FDH Enterprises Inc., Little Rock                       1.80
13. Acxiom Corp., Little Rock                               1.25
BUYER, CITY                            COUNSEL
                                       OR UNDERWRITER
1. Wal-Mart Stores Inc., Bentonville   Wassertein
2. Wal-Mart Stores Inc., Bentonville   Hughes & Luce
                                       (bond counsel)
3. Alltel Corp., Little Rock                --
4. Alltel Corp., Little Rock           Merrill Lynch & Co.
5. P. A. M. Transportation Services,        --
Tontitown
6. Simmons First National Corp., Pine       --
Bluff
7. Arkansas Best Corp., Fort Smith          --
8. Advanced Environmental Recycling    Brownatein Hyatt & Farber
Technologies Inc.
(AERT), Springdale                     (bond counsel)
9. Brass Eagle Inc., Rogers                 --
10. USA Truck Inc., Van Buren.              --
11. Paul Carter, executive vice             --
president
12. FDH Enterprises Inc., Little Rock       --
13. Acxiom Corp., Little Rock               --
BUYER, CITY                            COMMODITY
1. Wal-Mart Stores Inc., Bentonville   Supermarkets
2. Wal-Mart Stores Inc., Bentonville        --
3. Alltel Corp., Little Rock                --
4. Alltel Corp., Little Rock                --
5. P. A. M. Transportation Services,   Trucking company
Tontitown
6. Simmons First National Corp., Pine       --
Bluff
7. Arkansas Best Corp., Fort Smith          --
8. Advanced Environmental Recycling         --
Technologies Inc.
(AERT), Springdale
9. Brass Eagle Inc., Rogers                 --
10. USA Truck Inc., Van Buren.         Carco Carrier Corp.
11. Paul Carter, executive vice        Wal-Mart Stores Inc., Bentonville
president
12. FDH Enterprises Inc., Little Rock  Valley West Building, (former
hq TCBY)
13. Acxiom Corp., Little Rock          Digital Asset Management Inc.
BUYER, CITY                                           ANNOUNCED [*]
1. Wal-Mart Stores Inc., Bentonville                      6-99
2. Wal-Mart Stores Inc., Bentonville                      7-99
3. Alltel Corp., Little Rock                              7-99
4. Alltel Corp., Little Rock                              6-99
5. P. A. M. Transportation Services, Tontitown           11-99
6. Simmons First National Corp., Pine Bluff               3-99
7. Arkansas Best Corp., Fort Smith                        1-99
8. Advanced Environmental Recycling Technologies Inc.    12-99
(AERT), Springdale
9. Brass Eagle Inc., Rogers                               1-99
10. USA Truck Inc., Van Buren.                            9-99
11. Paul Carter, executive vice president
12. FDH Enterprises Inc., Little Rock                     9-99
13. Acxiom Corp., Little Rock                             2-99