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                                                                 EXHIBIT 10.27


Description of Executive Bonus Arrangement

        The Company's Compensation Committee has approved an informal bonus
arrangement for the Company's Executive Officers effective through fiscal 1997.
If the Company meets certain quarterly earnings per share performance targets,
the Company's Executive Officers are paid bonus amounts that have been
established by the Compensation Committee.  To the extent that the Company
exceeds the quarterly performance target, the Executive Officers' bonus payments
are increased at the same percentage rate as the percentage rate at which the
Company exceeded its earnings per share target, except that such over-bonus
payment percentage will not exceed 30% of over-target profit.