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PETROLEUM AND RESOURCES CORP <PEO> MARCH 31
Shr 31.36 dlrs vs 25.23 dlrs
Assets 286.5 mln vs 253.0 mln
Shrs out 9,138,526 vs 8,839,695
NOTE: latest assets after capital gain distributions of 50
cts a share in February 1987 and 83 cts a share in December
1986, and with 29,955,000 stated value 1.676 dlr convertible
preferred stock outstanding.