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Consolidation Plays

                            P-E RATIO*  PRICE**
LIKELY BUYERS
COMPUTER DATA SYSTEMS          13.2    28 7/8
COMPUTER SCIENCES               23.5   78 5/8
TRACOR                           16.9    26 7/8

LIKELY TARGETS
BTG                              13.8    14
CACI INTERNATIONAL             15.2    14 1/4
NICHOLS RESEARCH               22.8    22 1/8
*estimated 1997 earnings        ** July 29

DATA: LEGG MASON WOOD WALKER; BLOOMBERG FINANCIAL MARKETS


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Updated July 31, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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