Company

Description of Transaction


Maritime Transportation
Anangel-American Shipholdings Limited $49,500,000 co-managing underwriter of American Depositary Shares offering
B+H Bulk Carriers Ltd. $20,000,000 initial public offering
B+H Crude Carriers Ltd. Financial adviser on proposed $69,000,000 public offering
B+H Maritime Carriers Ltd. $45,000,000 co-managing underwriter of initial public offering
B+H Ocean Carriers Ltd. $60,000,000 co-managing underwriter of initial public offering
Bergvall + Hudner Company Special committee member of independent directors for the combination of recapitalization of three B+H operating companies
Bulk Shipping Finance Corporation Financial adviser and agent on creation of maritime fund
Canadian Pacific/Canadian National Advisoer on acquisition of product carrier fleet by B+H Ocean Carriers
McAllister Towing & Transportation Adviser on spin-off of properties and corporate recapitalization
Nortankers Inc. $78,717,000 co-managing underwriter for initial public offering
Southern Natural Resources Title XI ship financing for SONAT Maritime subsidiary

Real Estate
Excellence Theatres Adviser on site location and financings, and board member
Kiawah Island Acquisition from Kuwait investor group and private debt placement, principal
Litchfield Compnay of South Carolina, L.P. Adviser on financial restructuring
Stor-All, Ltd. $40,000,000 private equity placement

Media
Cox Entertainment, Inc. Senior bank financing
Walt Disney Productions Cash management and loan financing
International Voyager Media Adviser on management buyout from Cigna Capital
Knight-Ridder Newspapers Acquisition of TKR Cable Company in a joint venture with TCI
McGraw Hill Corporation Acquisition of Monchik Weber
Movies USA, Inc. Private equity placement
Mulitmedia Inc. Senior bank financing and adviser on the acquisition of Tar River CATV
Prentice-Hall, Inc. Commercial paper and an intermediate term note for financing of acquisitions
Reader's Digest Association Adviser on spin-off of a division
Sillerman-Magee Communications Private placement of initial equity capital and fairness valuations
Time Inc. Acquisition of peoples cable (Rochester) by ATC
Turner Broadcasting System $200,000,000 public offering
Washington Post Company Adviser on entrance into CATV

Broadcasting & Cable Television
Americable Associates Ltd. Adviser on divestiture of CATV systems
American Cablesystems Inc. Acquisition of West Virginia and Tennessee CATV Systems
CAI Wireless Systems, Inc. Adviser on early stage buyout and $37,000,000 initial public offering
CBS Inc. Acquisition of Black Hawk Cable Communications
Cable Management (Ireland) Limited $14,000,000 private equity placement
Cablevision Industries Inc. Private placements
Cablevision Systems Development Private placements
Century Corporation Senior bank financing
Comcast Corporation Private placement of senior bank financing
Consolidated Cable Partners Private equity placement
Continental Cable/Dow Jones Private placement and adciser on aborted IPO
Cook Inlet Radio Partners Sernior bank financing
Heritage Communications Inc. Public offering
Jones Eastern Radio $12,500,000 refinancing
Jones Intercable, L.P. $35,000,000 debt and $25,000,000 equity offering
Malrite Communications $22,200,000 initial public offering
Peoples Cable Co. $9,000,000 private placement
Renaissance Communications Senior bank financing
Tele-Communications Inc. Private placements
Televents Inc. Private placements
Texas Community Antennas Initial public offering for TCA Cable TV
Triathalon Broadcasting Financial adviser ond boardmember
United Cable Television Inc. Acquisition of Home Entertainment Network and private placements
Wagontrain Communications Financial adviser to this radio broadcasting group
Warner-Amex Cable Valuation study and sale of systems

Entertainment, Programming, & Leisure
ACTV Inc. Private equity placement
Brooksfilms Ltd. Adviser on initial public offering
Byers Communications Systems Financial adviser
Earl Owensby Studios Inc. Financial adviser
Echo, S.A. Private equity placement with European investors
ESPN Adviser ot minority investors in negotiations with ABC
Excellence Theatres Corp. $53,000,000 acquisition of theatre chains and placement agent on offerings
Home Entertainment Network Sale of company to United Cable
Litchfield Theatres Ltd. Financial adviser
Lorimar-Telepictures Corp. Motion picture limited partnership financing
Movietime Channel/E! Entertainment Television $29,000,000 private equity placement and sale to HBO/Warner Communications
National Record Mart Adviser on refinancing and acquisitions
Pumping Iron, Inc. Principal and financial adviser on sale to Arnold Schwarzenegger
Rosemont Productions Inc. Financial adviser
20th Century Fox Adviser on division management buyout

Telecommunications
Armatron International Inc. Acquisitions of a division of International Telephone & Telegraph
Birdview Satellite Private equity placement
British Telecommunications plc Co-manager of IPO and acquisition of Canadian Telecommunication Group
C-COR Electronics IPO and secondary equity offering
Canadian Telecommunications Group Financial adviser for simultaneous Canadian and American IPO
Centel Corporation $76,000,000 acquisition of Centel Communications Systems
Contel Corporation Adviser on acquisition
Interconnect Acquisition Corp. Adviser on sale to Williams Company and its WilTel subsidiary
MJD Communications, Inc. $22,000,000 private placement for the acquisition of Sunflower Telephone Company
Mobile Communications Corporation of America Acquisitions adviser and debt financing
Navigator Communications Systems, LLC Adviser and placement agent on acquisition of Mitel Communications and ACT Systems
PageAmerica Group Adviser on sale of minority interest to RCA and private equity placement
Quest America L.P. Principal and private placement agent
Satellite Syndicated Systems Inc. Subordinated debt offering
TOCOM, Inc. Sale of company to General Instruments
U.S. Network Corporation Systems LLC Adviser on acquisition of Quest America, L.P.