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MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST REPORTS FIRST QUARTER RESULTS

 NEW YORK, April 15 /PRNewswire/ -- The Trustees of Management Assistance, Inc. Liquidating Trust reported today that expenses exceeded income by $117,000 for the quarter ended March 31, 1993. Net assets were $2,882,000 as of such date. Based on 6,770,020 units of beneficial interest outstanding, the value of net assets was $.43 per unit on March 31, 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)
 Period ended 3/31/93 12/31/92
 Assets:
 Cash and cash equivalents $2,794 $2,911
 Tax refund receivables 148 148
 Annuities 3,357 3,357
 Total 6,299 6,416
 Liabilities:
 Pension liabilities 3,357 3,357
 Accrued liabilities 60 60
 Total 3,417 3,417
 Net assets 2,882 2,999
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Income and Expenses (Unaudited)
 (Thousands of dollars)
 Three months ended March 31 1993 1992
 Income:
 Interest income $ 23 $ 77
 Expenses:
 General and administrative expenses 137 122
 Expenses applicable to Management
 Assistance Inc. 3 21
 Total 140 143
 Excess of expenses over income
 allocable to beneficiaries $117 $ 66
 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)
 Three months ended March 31 1993 1992
 Net assets at beginning of period $2,999 $6,076
 Excess of expenses over income
 allocable to beneficiaries 117 66
 Total 2,882 6,010
 Liquidating distribution -- (2,911)
 Net assets at end of period $2,882 $3,099
 MANAGEMENT ASSISTANCE INC. LIQUIDATING TRUST
 Statements of Cash Flows (Unaudited)
 Increase (decrease) in cash and cash equivalents
 (Thousands of dollars)
 Three months ended March 31 1993 1992
 Cash flows from operating activities:
 Excess of expenses over income
 applicable to beneficiaries $117 $ 66
 Adjustments to reconcile excess of
 expenses over income applicable to
 beneficiaries to net cash provided
 by operating activities - reduction
 of accrued expenses -- 1
 Net cash used in operating activities 117 67
 Cash flows from financing activities - -- --
 Liquidating distributions paid -- (2,911)
 Net decrease in cash and cash equivalents 117 2,978
 Cash and cash equivalents at beginning
 of period 2,911 5,989
 Cash and cash equivalents at end of period 2,794 3,011
 -0- 4/15/93
 /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-OS -- NY067 -- 6289 04/15/93 13:01 EDT
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Date:Apr 15, 1993
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