Exhibit 13

Common Stock Prices




Quarter                         1997                     1996
                         High          Low        High          Low
                                                    
First                    $12 3/4       11 1/4     $12 1/8       10 3/8
Second                    12 5/8       10 5/8      12 1/2       10 1/2
Third                     14 1/8       12 1/8      12 1/2       11
Fourth                    12 1/2       10 5/8      13           11 1/8

Dividends Per Common Share


Quarter                         1997                     1996
                                                   
First                           $.10                     $.10
Second                           .10                      .10
Third                            .10                      .10
Fourth                           .10                      .10




Principal Products

Lawter International, Inc. is the world's leading provider of specialty polymers
used to enhance the performance of printing inks and coatings.  Our products
form the backbone of printing inks, and they make it possible to apply inks and
coatings to paper, plastic, metal and other surfaces more quickly and accurately
and with faster drying.  They also make it possible for presses to run at higher
speeds using inks that require less pigment, produce less waste, and offer
better performance characteristics such as gloss, brightness, and rub or
scratch-resistance.

Our products include printing ink vehicles, slip additives and resins, as well
as additives for coatings, adhesives and rubber compounding.  Printing ink
vehicles are fluid and gelled compositions which provide to lithographic and
letterpress printing inks the ability to carry color onto a variety of printing
surfaces.  They influence quality, gloss, drying speed, adhesion, rub-resistance
and press speed.  Slip additives are used in printing inks to provide additional
surface slip and rub resistance to the ink film.  Synthetic and hydrocarbon
resins are used in the production of adhesives, liquid printing inks and
printing ink vehicles, rubber compounds, paints and various coatings to improve
durability, chemical resistance, appearance, adhesion and speed of drying.

We develop, produce and market products for ink manufacturers and other
customers using proprietary technologies and modern manufacturing facilities in
North America, Europe and the Pacific Rim.  Lawter was founded in 1940.