SUPPORT THE 
                    AVONDALE SHAREHOLDER COMMITTEE'S
                      CAMPAIGN TO IMPROVE AVONDALE
                                    
We, the workers at Avondale, own 49% of the Company but have no say.  Our jobs
and our retirement security depend upon Avondale being well managed.  Is 
Avondale's management doing a good job running the Company?  Let's look at
the facts.

STOCK VALUE DECLINE

In 1985, the Avondale ESOP used your pension assets to buy Avondale common
stock at $33.20 per share.  That stock is now worth between $7.00 and $8.00
per share, a 77 percent decline in value.

FINANCIAL LOSSES

Avondale Industries has lost money in four out of the past five years.  
Since Bossier took control in 1985, the Company has a cumulative net loss of
$257.5 million.

LOSING GROUND TO COMPETITORS

According to Avondale's own proxy statement, over the past six years, 
Avondale's common stock has lagged behind its competitors by 80.5%.

BIG MANAGEMENT SALARIES, BONUS & PENSION

In 1994, Al Bossier got a 14.5% pay raise on top of a $46,000 bonus.  
Bossier's total pay in 1994, not included the estimated future value of 
stock options, was $680,929.

Al Bossier has a guaranteed pension that would provide him with over $400,000
per year for life if he were to retire today.

                         LET'S MAKE A DIFFERENCE
              YOU HAVE A RIGHT AND A RESPONSIBILITY TO VOTE
                                    
                     Avondale Shareholder Committee
                                    
The Avondale Shareholder Committee is composed primarily of Avondale 
employees who own stock through the ESOP including Debra Howell, Richard 
Bell, Leotha Terrell, Sr., Michael Boudreaux, Preston H. Jack, Sr., Roland 
Gooden, Sidney J. Jasmine, Edward Armstrong, Michael J. Treme, Richard 
St. Blanc, Archieve Triggs, Sr., Dennis W. Roland, Calvin Williams, Donald
Mounsey, Harry L. Thompson, Sr., Don Lund, Steve Rodrigues, Chester S. Green,
Jr. and Reynard Smith.  The United Brotherhood of Carpenters and the Metal 
Trades Department of the AFL-CIO, both record holders of Company stock, are 
also members.

                     HELP MAKE AVONDALE'S MANAGEMENT
                  MORE ACCOUNTABLE TO YOU, ITS OWNERS. 
                  PLEASE VOTE FOR THE FOLLOWING REFORMS

     You recently received an ESOP VOTING INSTRUCTIONS CARD from the ESOP 
trustees that allows you to vote FOR the five shareholder proposals your 
fellow employees have submitted.  Please vote "FOR" each of the five 
proposals described below and return the card to the ESOP trustees in the 
envelope provided.  YOUR VOTE IS CONFIDENTIAL!

FOR     Composition of the Compensation Committee

The Proposal would amend the by-laws to provide that the Board's Compensation
Committee be composed of three independent directors selected by the full 
Board.  We don't want management setting their own wages, benefits and 
bonuses.

FOR     Shareholder Rights Plan 

The Proposal would urge the Board to redeem the recently adopted Shareholder
Rights Plan unless the Plan receives the support of a majority of the 
Company's shareholders.  Poison pills help management block shareholders from
trying to take control of the Company when financial performance is bad.

FOR     Confidential Voting

The Proposal would amend the by-laws to provide that all ballots be kept 
confidential, except to the extent the law requires disclosure, and that 
vote tabulation be done by independent election inspectors.  Secret ballot 
vote is needed to protect against management strongarming shareholders for 
votes.

FOR     Board of Directors Declassification 

The Proposal would amend the Company's articles of incorporation and by-laws
to provide that all directors stand for election annually instead of 
one-third of the Board members being elected each year for three year
terms.  This way the shareholders can vote them all out at the same time if 
they continue to run our Company poorly.

FOR     By-Law Adoption, Amendment or Repeal

The Proposal seeks to provide shareholders with greater authority to change 
the Company's by-laws.  Currently, the board of directors can veto the will
of the shareholders.

            PLEASE VOTE FOR EACH OF THE SHAREHOLDER PROPOSALS
                   ON THE ESOP VOTING INSTRUCTION CARD