OTHER NEWS - Aug. 8, 1996

ValuJet Vows Scaled-Back Service in 3 Weeks: ValuJet Inc. said it expects to resume operations in three weeks and fly only five routes, a small fraction of the 31 cities served before federal regulators grounded the low-fare carrier. It also reported a 41% drop in second-quarter profit before a $19.6-million charge tied to the deadly crash in May of one of its jets in the Florida Everglades, killing all 110 aboard, and the subsequent shutdown by the Federal Aviation Administration. With the charge, the Atlanta-based airline had a bottom-line loss of $9.6 million, or 18 cents a share--50% worse than the 12-cent-a-share average loss forecast by eight analysts polled by Zacks Investment Research. ValuJet shares were up 12.5 cents at $10.875 in Nasdaq trading.