OTHER NEWS - Jan. 5, 1995

Mattel Reports Sharp Jump in Sales: Revenue increased 35% worldwide for the toy maker during the fourth quarter, a result of an exceptionally strong holiday season, the company said. Mattel Inc., whose products include Barbie dolls and toys based on Disney characters, did not provide a per-share estimate for its fourth-quarter earnings. Analysts have estimated a conservative range of $1.65 to $1.70 a share, Mattel spokesman Glenn Bozarth said. Mattel’s quarterly statement will be released in February. Mattel reported a record profit of $213 million, or $1.15 per share, for the first three quarters of 1994. The fourth-quarter increase is expected to minimize the impact of the devaluation of the peso in Mexico, one of Mattel’s key foreign markets.