PAGE   32                                                 The San 
Francisco Chronicle

                     MARCH 23, 1990, FRIDAY, FINAL EDITION

SECTION: BUSINESS; Pg. C5

LENGTH: 61 words

HEADLINE: Maxxam Will Relocate

 BODY:    Maxxam Inc., the parent company of two old-line Bay Area 
companies, KaiserTech Ltd. and Pacific Lumber Co., will relocate its 
corporate offices from Los Angeles to Houston by September 1. Maxxam also 
said that its president,  William C. Leone,  65, will retire on September 
15. Maxxam Chief Executive Officer Charles E. Hurwitz will assume the 
president's duties.

 SUBJECT: BUSINESS; CA; US; MOVING

 NAME: Maxxam Inc

---


                                                                       
PAGE   33