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                                                                Exhibit 107

                 DESCRIPTION OF 1995 COMPENSATION ARRANGEMENTS
                          WITH LUBIN, DELANO & COMPANY





         During 1995, Lexington Precision Corporation (the "Company")
compensated Michael A. Lubin, its Chairman of the Board, and Warren Delano, its
President, indirectly through payments to Lubin, Delano & Company, an
investment banking firm of which they are the only partners.  These
compensation arrangements provided for payment to Lubin, Delano & Company of
(I) a basic fee of $400,000, (ii) an incentive fee based upon the 1995 budgeted
operating profit of the Company, and (iii) transaction fees as agreed upon by
the Company and Lubin, Delano & Company in connection with acquisitions,
divestitures, financings and other similar transactions.