franchise, KFC (Bermuda) Ltd. have undertaken a stock repurchase.

Shareholders were notified that the company had purchased 20,000 shares for cancellation, reducing the number of outstanding shares to 617,007 as at November 30, 1999.

KFC shares realised their most recent high last month when they traded at $4.50.

A press release from the company noted that they still have options outstanding to purchase 48,500 shares at $3.00 per share on or before January 31, 2001. These options are the balance of the 50,000 the Company offered to the executive Committee in 1997.

At a Directors' meeting last week the Board agreed to pay a dividend of .10% per share on January 14, 2000 to shareholders of record December 31, 1999.

BUSINESS BUC