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MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST REPORTS YEAR-END RESULTS

 NEW YORK, Jan. 21 /PRNewswire/ -- The Management Assistance Inc. Liquidating Trust today reported excess of expenses over income of $165,000 for the 12 months ended Dec. 31, 1992. Net assets were $2,999,000 as of such date. Based on 6,770,020 units of beneficial interest outstanding, the value of the net assets was $0.44 per unit as compared with $0.90 per unit on Dec. 31, 1991. The Liquidating Trust paid a liquidating distribution of $0.43 per unit on Jan. 9, 1992.
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Net Assets in Liquidation
 (In thousands of dollars)
 Periods ended Dec. 31 1992 1991
 Assets:
 Cash and cash equivalents $2,911 $5,989
 Tax refund receivables 148 148
 Annuities 3,357 3,357
 Total 6,416 9,494
 Liabilities:
 Pension liabilities 3,357 3,357
 Accrued liabilities 60 61
 Total 3,417 3,418
 Net assets $2,999 $6,076
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Income and Expenses
 (In thousands of dollars)
 Period ended Dec. 31 1992 1991 1990
 Income:
 Interest income $ 183 $ 378 $ 484
 Income applicable to Management
 Assistance Inc. -- -- --
 Total 183 378 486
 Expenses:
 General and administrative
 expenses 321 331 348
 Expenses applicable to Management
 Assistance Inc. 28 48 1
 Total 349 379 349
 (Shortage) excess of income
 over expenses allocable to
 Beneficiaries) $(166) $ (1) $ 137
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Changes in Net Assets in Liquidation
 (In thousands of dollars, except per unit data)
 Periods ended Dec. 31 1992 1991 1990
 Net assets at beginning of
 year (per unit: 1992, $.90;
 1991, $.90; 1990, $.88) $6,076 $6,077 $5,940
 (Shortage) excess of income
 over expenses allocable to
 Beneficiaries (per unit:
 1992, $.02; 1991 -0-;
 1990, $.02) (166) (1) 137
 Total 5,910 6,076 6,077
 Liquidating distributions
 (per unit: 1992, $.43) 2,911 -- --
 Net assets at end of year
 (per unit: 1992, $,44;
 1991, $.90; 1990, $.90) $2,999 $6,076 $6,077
 There were 6,770,020 units of Beneficial Interest outstanding at the beginning and end of each year.
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Cash Flows
 Increase (Decrease) in Cash and Cash Equivalents
 (In thousands of dollars)
 Periods ended Dec. 31 1992 1991 1990
 Cash flows from operating activities:
 (Shortage) excess of income over
 expenses applicable to Beneficiaries $(166) $(1) $137
 Adjustments to reconcile (shortage)
 excess of income over expenses
 applicable to Beneficiaries to net
 cash provided by (used in) operating
 activities:
 Reduction of other assets -- -- --
 Reduction of accrued liabilities (1) (1) (5)
 Total adjustments (1) (1) (5)
 Net cash (used in) provided by
 operating activities (167) (2) 132
 Cash flows from financing activities -
 liquidating distributions paid (2,911) -- --
 Net (decrease) increase in cash and
 cash equivalents (3,078) (2) 132
 Cash and cash equivalents at
 beginning of year 5,989 5,991 5,859
 Cash and cash equivalents at end
 of year 2,911 5,989 5,991
 -0- 1/21/93
 /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: SU: ERN

WB-AH -- NY066 -- 7560 01/21/93 15:40 EST
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Date:Jan 21, 1993
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