EXHIBIT  NO. 99.10

                                                 COMPANY'S FORM 10-Q
                                                 September 30, 1993 

                                                 Page 26

   Item 1.  Legal Proceedings

        In October  1993, a jury  in a California  Superior Court
   proceeding that  had been  commenced in June  1990 returned  a
   verdict against a  subsidiary of the Company in  the amount of
   $100,000 compensatory and  $25,000,000 punitive damages.   The
   case,  Norman Jensen v.  Transport Life Insurance  Company, et
   al., arose out of a hospital indemnity insurance policy issued
   by  Transport  Life Insurance  Company ("Transport")  in 1988.
   The plaintiff claimed  that he was misled as  to the nature of
   the policy and  sought damages  for emotional  distress.   The
   agency  that had  marketed the  policy  and was  also a  named
   defendant  had   filed  for  bankruptcy  protection  in  1992.
   Transport believes it  has meritorious grounds to  contest the
   verdict before the trial court and, if necessary, on appeal.