from nine to 11 and approved a new series of capital shares.

New directors include Sidney Lapidus, David Tanner and John Sweeney. Mr.

Lapidus and Mr. Tanner are managing directors of E.M. Warburg, Pincus & Co.

Inc.

Mr. Sweeney is a senior vice president and chief investment officer of USF&G and chairman of Falcon Asset Management, USF&G's asset management subsidiary.

The appointments were effective yesterday.

BUSINESS BUC