YEAR ENDED JUNE 30, 1997 1996 1995 (IN THOUSANDS, EXCEPT PER SHARE DATA) PRIMARY EARNINGS PER SHARE: NET EARNINGS APPICABLE TO COMMON STOCK $517 $434 $195 === === === AVERAGE NUMBER OF COMMON AND COMMON EQUIVALENTS SHARES OUTSTANDING: AVERAGE COMMON SHARES OUTSTANDING 1,648 1,704 1,701 DILUTIVE EFFECT OF STOCK OPTIONS 0 0 N/A ----- ----- ----- 1,670 1,704 1,701 ===== ===== ===== PRIMARY EARNINGS PER SHARE $.31 $.25 $.11 ==== ==== ==== -31-