Business Week

                                  May 24, 1982

SECTION: IN BUSINESS THIS WEEK; FINANCE; Pg. 58

LENGTH:  90 words

HEADLINE: MCO buys into simplicity

 BODY:    MCO Holdings Inc. has agreed to buy 33% of Simplicity Pattern 
Co. --effective control--for $38 million from British and Australian 
companies. MCO's chairman,  Charles  E.  Hurwitz,  will become chairman 
and chief executive of Simplicity, a company that has been the target of 
take-over efforts and litigation in recent years. Simplicity earned $7.3 
million on sales of $82 million in the fiscal year ended Jan. 31. MCO, a 
real estate and energy company based in Los Angeles, earned $19 million 
on sales of $173 million last year.

LANGUAGE: ENGLISH