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MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST REPORTS SECOND QUARTER RESULTS

 NEW YORK, July 12 /PRNewswire/ -- The trustee of Management Assistance Inc. Liquidating Trust reported today that expenses exceeded income by $42,000 for the quarter ended June 30, 1993. Net assets were $2,840,000 as of such date. Based on 6,770,020 units of beneficial interest outstanding, the value of net assets of $.42 per unit on June 30, 1993, as compared with $.44 per unit on Dec. 31, 1992.
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Net Assets in Liquidation
 (Unaudited, thousands of dollars)
 6/30/93 12/31/92
 Assets:
 Cash and cash equivalents $2,751 $2,911
 Tax refund receivables 148 148
 Annuities 3,357 3,357
 Total 6,256 6,416
 Liabilities:
 Pension liabilities 3,357 3,357
 Accrued liabilities 59 60
 Total 3,416 3,417
 Net assets $2,840 $2,999
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Income and Expenses (Unaudited)
 (Thousands of dollars)
 Periods ended Three Months Six Months
 June 30 1993 1992 1993 1992
 Income:
 Interest income $22 $52 $ 45 $129
 Expenses:
 General and admin. expenses 56 75 193 197
 Expenses applicable to
 Management Assistance Inc. 8 3 11 24
 Total 64 78 204 221
 Excess of expenses over income
 allocable to beneficiaries $42 $26 $159 $ 92
 There were 6,770,020 units of beneficial interest outstanding at the beginning and end of each of the periods.
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Changes in Net Assets in Liquidation (Unaudited)
 (Thousands of dollars)
 Periods ended Three Months Six Months
 June 30 1993 1992 1993 1992
 Net assets at beginning of period $2,882 $3,009 $2,999 $ 6,076
 Excess of expenses over income
 allocable to beneficiaries 42 26 159 92
 Total 2,840 3,073 2,840 5,984
 Liquidating distribution -- -- -- (2,911)
 Net assets at end of period $2,840 $3,073 $2,840 $ 3,073
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Cash Flows (Unaudited)
 Increase (Decrease) in Cash and Cash Equivalents
 (Thousands of dollars)
 Periods ended Three Months Six Months
 June 30 1993 1992 1993 1992
 Cash flows from operating activities:
 Excess of expenses over income
 applicable to beneficiaries $ 42 $ 26 $ 159 $ 92
 Adjustments to reconcile excess
 of expenses over income applic.
 to beneficiaries to net cash
 provided by operating activities
 - reduction of accrued expenses 1 1 1 --
 Net cash provided by operating
 activities (43) (25) (160) (92)
 Cash flows from financing activities:
 Liquidating distributions paid -- -- -- (2,911)
 Net decrease in cash and cash
 equivalents (43) (25) (160) (3,003)
 Cash and cash equivalents at
 beginning of period 2,794 3,011 2,911 5,989
 Cash and cash equivalents at
 end of period $2,751 $2,986 $2,751 $ 2,986
 -0- 7/12/93
 /CONTACT: Daniel R. Kail, managing trustee of Management Assistance Inc. Liquidating Trust, 212-826-3666/


CO: Management Assistance Inc. Liquidating Trust ST: New York IN: FIN SU: ERN

TS-GK -- NY052 -- 0477 07/12/93 13:51 EDT
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Date:Jul 12, 1993
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