CONFORMED COPY

                    SECURITIES AND EXCHANGE COMMISSION
                                     
                          Washington, D. C. 20549
                                     
                                 FORM 10-Q
                                     
                Quarterly Report Under Section 13 or 15(d)
                  of the Securities Exchange Act of 1934
                                     
    For the Quarter Ended April 30, 1996 Commission File Number 0-8675

                      OIL-DRI CORPORATION OF AMERICA
          (Exact name of registrant as specified in its charter)

                         DELAWARE                  36-2048898
           (State or other jurisdiction of       (I.R.S. Employer
            Incorporation or organization)        Identification No.)

                    410 North Michigan Avenue
                      Chicago, Illinois                   60611
         (Address of principal executive offices)      (Zip Code)

Registrant's telephone number, including area code (312) 321-1515

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months and (2) has been subject to such
filing requirements for at least the past 90 days.

                            Yes    X        No

Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the close of the period covered by this report.

Common Stock  - 5,162,518 Shares (Including 437,396 Treasury Shares)
Class B Stock - 2,071,000 Shares

               OIL-DRI CORPORATION OF AMERICA & SUBSIDIARIES
               Consolidated Statement of Financial Position
                                  ASSETS

                                            April 30             July 31
                                          (Unaudited)         
                                       1996         1995          1995
CURRENT ASSETS                                                
                                                     
Cash and Cash Equivalents          $ 9,282,154  $ 7,245,120   $ 8,829,667
Investment Securities, at Cost       1,533,000    1,602,028     2,332,665
Accounts Receivable                 21,043,936   22,686,856    21,529,168
Less Allowance for Doubtful            
Accounts                              (345,680)    (603,482)     (180,602)
Inventories                         12,155,467   10,551,549    10,917,099
Prepaid Expenses and Taxes           5,888,091    6,642,597     5,317,169
             Total Current Assets   49,556,968   48,124,668    48,745,166

PROPERTY, PLANT AND EQUIPMENT - AT COST                       
                                                     
Cost                               110,781,206  105,551,718   106,957,911
Less Accumulated Depreciation and                             
  Amortization                     (52,857,763) (45,543,896)  (47,498,516)
            Total Property, Plant                             
               and Equipment, Net   57,923,443   60,007,822    59,459,395

OTHER ASSETS                                                  
Excess of Investment in                                       
Subsidiaries
  Over Fair Value of Assets (Net                              
                                                       
    of                              4,205,466     4,337,514     4,304,286
  Accumulated Amortization)
Deferred Income Taxes                 494,731             -       484,324
Other                               4,586,871     3,755,190     3,994,512
                Total Other         9,287,068     8,092,704     8,783,122
                  Assets

TOTAL ASSETS                     $116,767,479   $116,225,194 $116,987,683

Certain amounts in prior periods have been restated to conform to the current
period classifications.

               OIL-DRI CORPORATION OF AMERICA & SUBSIDIARIES
               Consolidated Statement of Financial Position
                    LIABILITIES & STOCKHOLDERS' EQUITY

                                            April 30             July 31
                                          (Unaudited)         
                                       1996         1995          1995
CURRENT LIABILITIES                                           
                                                  
Current Maturities of Notes        $  2,149,386 $    597,959  $  1,097,976
  Payable
Accounts Payable - Trade              3,808,468    4,265,711     4,710,251
Dividends Payable                       519,286      518,836       511,166
Accrued Expenses                                              
   Trade Promotions and               4,126,550    3,924,834     4,272,740
     Advertising
   Salaries, Wages and                2,073,225    1,870,872     2,362,102
     Advertising
   Freight                              854,762      627,605       747,042
   Other                              3,192,072    2,568,512     1,969,571
        Total Current Liabilities    16,723,749   14,374,329    15,670,848
                                                              
NONCURRENT LIABILITIES                                        
                                                       
Notes Payable                        19,024,000   20,925,659    20,422,265
Deferred Income Taxes                         -      325,406             -
Deferred Compensation                 1,986,850    1,722,484     1,778,075
Other                                 1,319,767    1,131,633       778,112
             Total Noncurrent                                 
                                                       
               Liabilities           22,330,617   24,105,182    22,978,452

             Total Liabilities       39,054,366   38,479,511    38,649,300
                                                              
STOCKHOLDERS' EQUITY                                          
                                                          
Common Stock                            723,352      723,352       723,352
Paid-In Capital in Excess of Par      7,657,394    7,657,394     7,657,394
  Value
                                                       
Retained Earnings                    77,064,223   75,449,203    76,033,462
Cumulative Translation Adjustment  (  1,044,580)    (996,222)     (987,781)
                                     84,400,389   82,833,727    83,426,427
                                                 
Less Treasury Stock, At Cost       ( 6,687,276)   (5,088,044)   (5,088,044)
             Total Stockholders'                              
                                                       
               Equity               77,713,113    77,745,683    78,338,383

TOTAL LIABILITIES & STOCKHOLDERS'  $116,767,479 $116,225,194  $116,987,683
 EQUITY

                                     
Certain amounts in prior periods have been restated to conform to the
current period classifications.

               OIL-DRI CORPORATION OF AMERICA & SUBSIDIARIES
          Consolidated Statement of Income and Retained Earnings
                        Nine Months Ended April 30

                                             1996        1995
                                          (Unaudited) (Unaudited)

Net Sales                                 $117,532,387 $116,361,064
Cost Of Sales                               82,398,383   81,371,973
Gross Profit                                35,134,004   34,989,091
Selling, General And Administrative         30,803,160   24,281,958
Expenses
                                                   
Operating Income                             4,330,844   10,707,133
                                                      
OTHER INCOME (EXPENSE)                                
                                                   
  Interest Expense                        (  1,444,322)  (1,457,217)
  Interest Income                              429,950      286,137
  Foreign Exchange Gain (Loss)            (      4,231)       4,514)
  Other, Net                                   289,345     (168,325)
                                          (    729,258)  (1,343,919)

Income Before Income Taxes                   3,601,586    9,363,214
Income Taxes                                 1,041,590    2,430,985
Net Income                                   2,559,996    6,932,229
                                                      
RETAINED EARNINGS                                     
                                                   
  Balance at Beginning of Year              76,033,462   70,077,278
  Less Cash Dividends Declared               1,529,235   (1,560,304)

Retained Earnings - April 30               $77,064,223  $75,449,203
Average Shares Outstanding                   6,818,940    6,947,709
Net Income Per Share                             $0.38        $1.00

                                     
                                     
Certain amounts in prior periods have been restated to conform to the
current period classifications.

               OIL-DRI CORPORATION OF AMERICA & SUBSIDIARIES
          Consolidated Statement of Income and Retained Earnings
                        Three Months Ended April 30

                                             1996        1995
                                          (Unaudited) (Unaudited)

Net Sales                                 $36,427,141 $37,178,378
Cost Of Sales                              25,274,538  26,750,874
Gross Profit                               11,152,603  10,427,504
Selling, General And Administrative         9,957,996   7,857,049
  Expenses
                                                  
Operating Income                            1,194,607   2,570,455
                                                      
OTHER INCOME (EXPENSE)
                                                  
  Interest Expense                          (473,794)   (472,309)
  Interest Income                            155,817     118,797
  Foreign Exchange Gain (Loss)               ( 3,361)      6,735
  Other, Net                                 101,621     (99,417)
                                            (219,717)    (446,194)

Income Before Income Taxes                   974,890    2,124,261
Income Taxes                                 304,968      584,254
Net Income                                $  669,922  $ 1,540,007
Average Shares Outstanding                 6,803,484    6,928,923
Net Income Per Share                      $     0.10  $      0.22

                                     
Certain amounts in prior periods have been restated to conform to the
current period classifications.

               OIL-DRI CORPORATION OF AMERICA & SUBSIDIARIES
                   Consolidated Statement of Cash Flows
                    For the Nine Months Ended April 30

                                             1996        1995
                                           Unaudited   Unaudited
CASH FLOWS FROM OPERATING ACTIVITIES                  
                                                      
Net Income                                $2,559,996  $6,932,229
                                                      
Adjustments to Reconcile Net Income to                
Net Cash
  Provided by Operating Activities:
                                                
  Depreciation and Amortization           5,982,566   5,796,844
  Provision for bad debts                 156,752     38,843
  (Increase) Decrease in:                             
                                                
     Accounts Receivable                  475,912     (2,397,324)
     Inventories                          (1,261,217) (668,089)
     Prepaid Expenses and Taxes           (  594,242) (1,577,657)
     Other Assets                         (  656,549) (475,768)
  Increase (Decrease) in:                             
                                                
     Accounts Payable                     (  785,376) 212,120
     Accrued Expenses                     802,116     15,262
     Deferred Compensation                208,775     (39,334)
     Other                                541,655     273,706
         Total Adjustments                4,870,392   1,178,603
                                                      
         Net Cash Provided by Operating               
                                                 
           Activities                      7,430,388   8,110,832
                                                      
CASH FLOWS FROM INVESTING ACTIVITIES                  

  Capital Expenditures                    (4,394,927) (5,464,611)
  Purchases of Investment Securities      (  106,000) (2,781,036)
  Dispositions of Investment Securities   907,270     4,534,553
  Other                                   111,947     19,698
   Net Cash Used in Investing Activities  (3,481,710) (3,691,396)
                                                      
CASH FLOWS FROM FINANCING ACTIVITIES                  
                                                
  Principal Payments on Long-Term Debt    (  346,855) (1,241,104)
  Dividends Paid                          (1,528,785) (1,496,951)
  Foreign Currency Translation            (   21,319) (5,101)
    Adjustment
                                                
  Purchases of Treasury Stock             (1,599,232) (825,475)
   Net Cash Used In Financing Activities  (3,496,191) (3,568,631)

Net Increase in Cash and Cash             452,487     850,805
  Equivalents
                                          
Cash and Cash Equivalents, Beginning of   8,829,667   6,394,315
  Year
                                          
Cash and Cash Equivalents, April 30       $9,282,154  $7,245,120

Certain amounts in prior periods have been restated to conform to the
current period classifications.

MANAGEMENT DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS

NINE MONTHS ENDED APRIL 30, 1996 COMPARED TO NINE
MONTHS ENDED APRIL 30, 1995

RESULTS OF OPERATIONS

Consolidated net sales for the nine months ended April 30, 1996 were
$117,532,000 an increase of 1.0% over net sales of $116,361,000 in the
first nine months of fiscal 1995.  Net income for the first nine months of
fiscal 1996 was $2,560,000 or $0.38 per share, a decrease of 63.1% from
$6,932,000 or $1.00 per share earned in the nine months ended April 30,
1995.

Net sales of industrial and environmental sorbents decreased $1,045,000 or
7.4% from prior year's levels.  Net sales of industrial clay sorbents
decreased by $274,000 or 2.7% while sales of non-clay sorbents decreased
$771,000 or 19.2% from the same period last year.  The decline in non-clay
sorbent sales is primarily the result of refocused sales and marketing
efforts towards selected higher margin customers.  Net sales of cat box
absorbents increased $550,000 or 0.9% from the same period last year.  This
growth is the result of new product introductions and expanded distribution
of existing coarse litter products in the grocery industry which were
partially offset by lower sales to non-grocery higher margin customers.  In
particular, net sales to Sam's Club declined $5 million during the nine
month period due to the introduction of a private label scoopable litter
that replaced the Company's branded scoopable product in a substantial
number of Sam's stores.  Sam's continues to sell other Company branded
products.  Net sales of agricultural products increased $1,836,000 or 12.7%
from the same period last fiscal year due to increased demand for crop
protection products, fueled by expectations of increased planting activity
in the next year.  Sales of specialty absorbents, primarily fluid
filtration and purification products decreased $310,000 or 3.2% from fiscal
1995 due primarily to competitive pressures and continued sluggish demand
in certain of the Company's markets.  Sales by the Company's transportation
subsidiary increased $738,000 or 11.7% due to increased third party
hauling.

Consolidated gross profit as a percentage of net sales for the nine months
ended April 30, 1996 decreased to 29.9% from 30.1% in the first nine months
of fiscal 1995.  Factors that contributed to this decline included changes
in sales mix towards lower margin products, particularly in the consumer
non-grocery segment and increased costs of packaging materials and
transportation which, due to competitive pressures, have not been fully
recovered by price increases.

Operating expenses as a percentage of net sales increased to 26.2% in the
nine months ended April 30, 1996 from 20.9% in the same period last year.
This change reflects the additional costs of approximately $5.2 million for
promotional and advertising programs associated with new product
introductions.  Also included in operating expenses is a charge of $921,000
reflecting the settlement of a patent infringement action in the second
quarter of fiscal 1996. Interest expense decreased $13,000, while interest
income increased $144,000 from fiscal 1995 due to higher invested balances.

The Company's effective tax rate was 28.9% of income in the first nine
months of fiscal 1996 as compared to 26.0% in the same period last year.
This change is a result of two factors: lower domestic income subject to
depletion allowances and a greater percentage of total income earned in
higher tax foreign jurisdictions.

Total assets of the Company decreased $220,000 from fiscal year end
balances.  Current assets increased $812,000 from year end due to higher
inventory balances.  Property, plant and equipment, net of accumulated
depreciation, decreased $1,536,000 due to lower capital expenditures
relative to depreciation expense.

Total liabilities increased $405,000 in the nine months ended April 30,
1996.  Current liabilities increased $1,053,000 while non-current
liabilities decreased $648,000 from July 31, 1995.

EXPECTATIONS

The Company anticipates sales for the remainder of the fiscal year will be
flat.  Sales of branded cat box absorbent products are expected to increase
as new product introductions gain incremental distribution.  However, this
sales growth is expected to be offset by lower sales to Sam's Club.  As a
result, the Company expects that earnings will be lower in the fourth
quarter of fiscal 1996 as compared to the same period of last year.
Investment in the Company's consumer product launch is in line with
original budgets and the Company expects the profitability of these
products to significantly impact earnings as spending on advertising and
promotion returns to more normal levels in fiscal 1997.  In addition, Sam's
Club has reintroduced certain of the Company's branded products in its
stores for evaluation.  High crop prices and strong export demand indicate
that the market for the Company's agricultural products will remain strong
in the foreseeable future.  In fluids purification, the new manufacturing
facility and process, which will provide higher performance products, will
come on line in May, 1996 and the Company's new line of Perform products
is expected to compete more effectively in the market.  The outlook for
this division in the fourth quarter of fiscal 1996 is encouraging.  The
Company is going through an intensive review of its entire cost structure,
with a goal of significantly reducing costs.  It also plans selective price
increases.

The foregoing statements under the heading "EXPECTATIONS" are "forward-
looking statements" within the meaning of that term in the Securities
Exchange Act of 1934, as amended.  Actual results may be lower than those
reflected in these forward-looking statements, due primarily to: continued
vigorous competition in the grocery and, particularly, in Sam's Club and
the mass merchandising markets, the level of success of new products, and
the cost of new product introductions and promotions in the consumer
market. The forward-looking statements also involve the risk of changes in
market conditions in the overall economy and, for the agricultural
division, in planting activity and overall agriculture and demand,
including export demand.

LIQUIDITY AND CAPITAL RESOURCES

The current ratio decreased to 2.96 at April 30, 1996 from 3.11 at July 31,
1995.  Working capital decreased 241,000 in the nine months ended April 30,
1996 to $32,833,000.  Cash provided by operations continues to be the
Company's primary source of funds to finance investing needs and financing
activities.  During the first nine months of the fiscal year, balances of
cash, cash equivalents and other investments decreased $347,000.  Cash
provided by operating activities was used to fund capital expenditures of
$4,395,000, to repurchase shares of the Company's common stock at a cost of
$1,599,000, to pay dividends of $1,529,000 and to reduce debt by $347,000.
Total cash and investment balances held by the Company's foreign
subsidiaries at April 30, 1996 and 1995 were $2,361,000 and $2,898,000
respectively.

THREE MONTHS ENDED APRIL 30, 1996 COMPARED TO
THREE MONTHS ENDED APRIL 30, 1995

Consolidated net sales for the three months ended April 30, 1996 were
$36,427,000 a decrease of 2.0% from net sales of $37,178,000 in the same
period last year.  Net income for the quarter ended April 30, 1996 was
$670,000 or $0.10 per share, a decrease of 56.5% from net income of
$1,540,000 or $0.22 per share reported in the quarter ended April 30, 1995.

Net sales of industrial environmental sorbents decreased $708,000, or 14.2%
from prior year levels.  Net sales of industrial clay absorbents decreased
$502,000 or 13.5%, while net sales of nonclay sorbents decreased $206,000
or 16.3% reflecting refocused sales and marketing efforts towards selected
higher margin customers.  Net sales of cat box absorbents decreased
$539,000 or 2.9% from fiscal 1995 third quarter results.  Increased net
sales to grocery customers were offset by a decrease in net sales to non-
grocery customers.  In particular, net sales to Sam's Club declined $3
million during the quarter due to the introduction of a private label
scoopable litter that replaced the Company's branded scoopable product in a
substantial number of Sam's locations.  Sam's continues to sell other
Company branded products.  Net sales of agricultural absorbents increased
$863,000 or 17.4% from fiscal 1995 primarily due to increased demand for
crop protection products, fueled by expectations of increased planting
activity in the next year.  Net sales of fluid filtration and purification
products decreased $151,000 from prior year levels due to competitive
pressures and continued sluggish demand in certain of the Company's
markets.  Net sales of transportation services increased $85,000 in the
third quarter of fiscal 1996 as compared to the third quarter of fiscal
1995.

Consolidated gross profit for the three months ended April 30, 1996
increased to 30.6% of net sales as compared to 28.0% in the third quarter
of fiscal 1995.  Selling, General and Administrative Expenses increased to
27.3% of net sales as compared to 21.1% of net sales in the third quarter
of fiscal 1995 primarily due to higher advertising and promotion
expenditures for new product introductions in the consumer market.

Interest expense for the third quarter of fiscal 1996 compared to the third
quarter of fiscal 1995 was unchanged.  Interest income increased $37,000 in
the same period as a result of larger invested balances.

The Company's effective tax rate in the third quarter of fiscal 1996 was
31.3% of income as compared to 27.5% in the same period last year.

FOREIGN OPERATIONS

Net sales by the Company's foreign subsidiaries for the nine months ended
April 30, 1996 were $9,026,000, constituting 7.7% of sales.  This
represents a decrease of $238,000 or 2.6%, from the first nine months of
fiscal 1995, in which foreign subsidiary sales were $9,264,000 and
constituted 8.0% of sales.  This decrease is primarily due to lower sales
in The United Kingdom.  Net income of the Company's foreign subsidiaries
for the nine months ended April 30, 1996 was $330,000, compared with
$358,000 in the nine months of fiscal 1995.  Identifiable assets of the
Company's foreign subsidiaries as of April 30, 1996 were $9,272,000, a
decrease of $136,000 from $9,408,000 as of April 30, 1995.

The Company's net sales by its foreign subsidiaries for the three months
ended April 30, 1996 were $2,812,000, constituting 7.7% of sales.  This
represents a decrease of $110,000 or 3.8% from the third quarter of fiscal
1995 in which foreign subsidiary sales were $2,922,000 and constituted 7.9%
of sales.  This decrease is primarily due to lower sales in The United
Kingdom.  Net income of the Company's foreign subsidiaries for the three
months ended April 30, 1996 was $55,000 compared with $137,000 in the third
quarter of fiscal 1995.

Part II - Other Information

ITEM 6.    (a)Exhibits:  The following documents are an exhibit to this
           report.

           Exhibit 11:  Statement Re:  Computation of
           per share earnings.

           Exhibit 27: Financial Data Schedule

          (b)  During the quarter for which this report is filed, no
          reports on Form 8-K were filed.

  

  
  
  SIGNATURES

  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned thereunto duly authorized.

  OIL-DRI CORPORATION OF AMERICA
    (Registrant)

  
  BY /s/Daniel S. Jaffee
     Daniel S. Jaffee
     President and Chief Operating Officer

  BY /s/Michael L. Goldberg
     Michael L. Goldberg
     Vice President, Chief Financial Officer
     (Principal Financial Officer)

  Dated:   June 11, 1996

  

  

  

  

  

                                                                   Exhibit 11
                                                                       Page 1

                      OIL-DRI CORPORATION OF AMERICA
                  Computation of Weighted Average Number
                           of Shares Outstanding

                                                                   Average
                                                                   Shares-
                                                                  (Weighted
                                  Number   Number of             Shares)Number
                                    of      Shares      Weighted     of Days
 Quarter End         Period        Days   Outstanding    Shares   As Adjusted
                                
April 30, 1996 02/01/96 to           33   6,812,922  224,826,426            
               03/04/96                                    
               03/05/96 to            2   6,809,422  13,618,844            
               03/06/96                                      
               03/07/96 to           12   6,802,922  81,635,064            
               03/18/96                                      
               03/19/96 to           43   6,796,122  292,233,246            
               04/30/96                                     
                                                             
                                     90              612,313,580   6,803,484

                                                                         
                                                                         0
                                                                 
                                                                 6,803,484

Quarter Ended
                                
April 30, 1995 02/01/95 to           28   6,949,822  194,595,016            
               02/28/95                                     
               03/01/95 to            1   6,946,922  6,946,922            
               03/01/95
               03/02/95 to            1   6,945,922  6,945,922            
               03/02/95
               03/03/95 to            3   6,943,922  20,831,766            
               03/05/95                                      
               03/06/95 to            1   6,942,722  6,942,722            
               03/06/95
               03/07/95 to            1   6,936,522  6,936,522            
               03/07/95
               03/08/95 to            2   6,934,822  13,869,644            
               03/09/95                                      
               03/10/95 to            4   6,932,822  27,731,288            
               03/13/95                                      
               03/14/95 to            1   6,932,322  6,932,322            
               03/14/95
               03/15/95 to            1   6,931,322  6,931,322            
               03/15/95
               03/16/95 to            4   6,929,822  27,719,288            
               03/19/95                                      
               03/20/95 to            1   6,928,822  6,928,822            
               03/20/95
               03/21/95 to            1   6,928,322  6,928,322            
               03/21/95
               03/22/95 to            1   6,927,822  6,927,822            
               03/22/95
               03/23/95 to            1   6,927,322  6,927,322            
               03/23/95
               03/24/95 to            3   6,911,322  20,733,966            
               03/26/95                                      
               03/27/95 to           35   6,901,322  241,546,270            
               04/30/95                                     
                                                           
                                     89              616,375,258   6,925,565

                                                                     
                                                                     3,358
                                                                 
                                                                 6,928,923

Nine Months Ended
                                
April 30, 1996        08/01/95 to     8   6,901,322  55,210,578      
                         08/08/95
                      08/09/95 to    63   6,841,322 431,003,286           
                         10/10/95
                      10/11/95 to     1   6,814,922   6,814,922           
                         10/11/95
                      10/12/95 to   145   6,812,922 987,873,690           
                         03/04/06
                      03/05/06 to     2   6,809,422  13,618,844           
                         03/06/06
                      03/07/96 to    12   6,802,922  81,635,064           
                         03/18/96
                      03/19/96 to    43   6,796,122 292,233,246           
                         04/30/96
                                                               
                                   273              1,868,389,630    6,818,940

                                                                          
                                                                         
                                                                         0
                                                                 
                                                                 6,818,940
                                                                    
Nine Months Ended
                                
April 30, 1995        08/01/94 to     8   6,951,822  55,614,576           
                         08/08/94
                      08/09/95 to   204   6,949,822 1,417,763,688           
                         02/28/95                            
                      12/01/94 to    90   6,949,822 625,483,980           
                         02/28/95
                      03/01/95 to     1   6,946,922   6,946,922           
                         03/01/95
                      03/02/95 to     1   6,945,922   6,945,922           
                         03/02/95
                      03/03/95 to     3   6,943,922  20,831,766           
                         03/95/95
                      03/06/95 to     1   6,942,722   6,942,722           
                         03/06/95
                      03/07/95 to     1   6,936,522   6,936,522           
                         03/07/95
                      03/08/95 to     2   6,934,822  13,869,644           
                         03/09/95
                      03/10/95 to     4   6,932,822  27,731,288           
                         03/13/95
                      03/14/95 to     1   6,932,322   6,932,322           
                         03/14/95
                      03/15/95 to     1   6,931,322   6,931,322           
                         03/15/95
                      03/16/95 to     4   6,929,822  27,719,288           
                         03/19/95
                      03/20/95 to     1   6,928,822   6,928,822           
                         03/20/95
                      03/21/95 to     1   6,928,322   6,928,322           
                         03/21/95
                      03/22/95 to     1   6,927,822   6,927,822           
                         03/22/95
                      03/23/95 to     1   6,927,322   6,927,322           
                         03/23/95
                      03/24/95 to     3   6,911,322  20,733,966           
                         03/26/95
                      03/27/95 to    30   6,901,322 241,546,270           
                         04/30/95
                                                             
                                    273             1,895,158,506  6,941,973

Assuming exercise of options reduced by the number of shares              
which could have been purchased with the proceeds from exercise
of such options.
                                                                     
                                                                     5,736
                                                                 
                                                                 6,947,709

  

 5

                   9-MOS
                          JUL-31-1996
                               APR-30-1996
                                       9,282,154
                                 1,533,000
                               21,043,936
                                 (345,680)
                                 12,155,467
                            49,556,968
                                     110,781,206
                            (52,857,763)
                             116,767,479
                       16,723,749
                                     19,024,000
                                0
                                          0
                                       723,352
                                  76,989,781
               116,767,479
                                    117,532,387
                           117,532,387
                                       82,398,383
                              113,201,543
                             (871,816)
                               156,752
                           1,444,322
                              3,601,586
                                 1,041,590
                          2,559,996
                                       0
                                      0
                                            0
                                 2,559,996
                                     0.38
                                     0.38