EXHIBIT NO. 99.07

                                           COMPANY'S FORM 10-K
                                           December 31, 1992

                                           Page 26

        Because  of  former  operations  of  old  Primerica,  the
   Company  and certain  of  its  subsidiaries  are  involved  in
   matters relating  to Federal,  state or  local regulations  or
   laws   regulating  the   discharge  of   materials   into  the
   environment.  The  most significant of these  matters involves
   the  manufacturing facility at  the Chemplex site  in Clinton,
   Iowa, which  was formerly operated  as a joint venture  by ACC
   Chemical Co., a former subsidiary of old  Primerica, and Getty
   Chemical Company.   In  connection with the  1984 sale  of its
   interest  in this venture,  old Primerica agreed  to indemnify
   the purchaser for  up to 50% of  certain liabilities including
   liabilities relating  to  environmental matters  prior to  the
   date  of sale.  The Company  and other potentially responsible
   parties  have negotiated an  agreement with the  United States
   Environmental  Protection  Agency ("EPA")  for  remediation of
   groundwater contamination at  the site.  A  consent decree for
   groundwater  remediation was entered  on November 7,  1991.  A
   separate  Remedial  Investigation and  Feasibility  Study work
   plan concerning soil  contamination has been prepared  and EPA
   is  in the  process of  selecting its  preferred remedy.   The
   majority  of  the  remaining environmental  matters  relate to
   manufacturing operations that were sold by old Primerica prior
   to  1987.   For  the  majority  of  the  environmental  sites,
   liability was  assumed by  the purchasers  of the  operations.
   The Company believes that insurance maintained by or on behalf
   of   the  Company,   old  Primerica  or   certain  affiliates,
   indemnities in  favor of the Company or  such subsidiaries and
   contributions from other potentially responsible parties  will
   be available to mitigate the financial exposure of the Company
   and its subsidiaries in these matters.  The Company is using a
   variety  of approaches to recover from  each of these sources,
   including  pursuing litigation  where appropriate  relating to
   such matters.