<SEC-DOCUMENT>0001062993-14-000859.txt : 20140214
<SEC-HEADER>0001062993-14-000859.hdr.sgml : 20140214
<ACCEPTANCE-DATETIME>20140214160207
ACCESSION NUMBER:		0001062993-14-000859
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140214
DATE AS OF CHANGE:		20140214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AVALON HOLDINGS CORP
		CENTRAL INDEX KEY:			0001061069
		STANDARD INDUSTRIAL CLASSIFICATION:	REFUSE SYSTEMS [4953]
		IRS NUMBER:				341863889
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-54255
		FILM NUMBER:		14616262

	BUSINESS ADDRESS:	
		STREET 1:		ONE AMERICAN WAY
		CITY:			WARREN
		STATE:			OH
		ZIP:			44484
		BUSINESS PHONE:		3308568800

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAFFLES ASSOCIATES LP
		CENTRAL INDEX KEY:			0001169581
		IRS NUMBER:				043272997
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		ONE PENN PLAZA
		STREET 2:		SUITE 1628
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119
		BUSINESS PHONE:		212-760-2322

	MAIL ADDRESS:	
		STREET 1:		ONE PENN PLAZA
		STREET 2:		SUITE 1628
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>sc13ga-avalon.htm
<DESCRIPTION>SCHEDULE 13G/A
<TEXT>
<HTML>
<HEAD>
   <TITLE>AVALON HOLDINGS CORPORATION: Form SC 13G/A - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
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<P align=center><B><FONT size=5>UNITED STATES </FONT><BR></B><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B><B> <BR>Washington, D.C.
20549 </B></P>
<P align=center><B><FONT size=5>SCHEDULE 13G/A </FONT></B></P>
<P align=center>Under the Securities Exchange Act of 1934 </P>
<P align=center><B><U><FONT size=5>AVALON HOLDINGS CORPORATION
<BR></FONT></U></B>(Name of Issuer) </P>
<P align=center><B><U>Class A Common Stock </U><BR></B>(Title of Class of
Securities) </P>
<P align=center><B><U>05343P109 <BR></U></B>(CUSIP Number) </P>
<P align=center><B><U>December 31, 2013 <BR></U></B>(Date of Event which
Requires Filing of this Statement) </P>
<P align=justify>Check the appropriate box to designate the rule pursuant to
which this Schedule is filed: </P>
<P style="MARGIN-LEFT: 5%" align=justify>[x] Rule 13d-1(b) </P>
<P style="MARGIN-LEFT: 5%" align=justify>[_] Rule 13d-1(c) </P>
<P style="MARGIN-LEFT: 5%" align=justify>[_] Rule 13d-1(d) </P>
<P align=justify>*The remainder of this cover page shall be filled out for a
reporting person&#146;s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page. </P>
<P align=justify>The information required in the remainder of this cover page
shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the
Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the <I>Notes</I>). </P>
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<P align=center><B>SCHEDULE 13G/A </B></P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="20%" border=1>

  <TR vAlign=top>
    <TD align=left><B>CUSIP No.</B> <BR>
      05343P109</TD>
  </TR></TABLE></DIV><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD width="4%" align=left ><B>1</B> <BR></TD>
    <TD align=left colSpan=3><B>Names of Reporting Persons</B>
      <BR>
    &nbsp; <BR>Raffles Associates, L.P. </TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>2</B> <BR><BR></TD>
    <TD align=left colSpan=3><B>Check the appropriate box if a
      member of a Group (see instructions)</B> <BR>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [&nbsp; ] <BR>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [x ] </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left ><B>3</B> </TD>
    <TD align=left colSpan=3><B>Sec Use Only</B> <BR>
    <BR></TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>4</B> <BR></TD>
    <TD align=left colSpan=3><B>Citizenship or Place of
      Organization</B> <BR>
    &nbsp; <BR>Delaware </TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=center colSpan=2 rowSpan=4><B>Number of</B>
      <BR><B>Shares</B> <BR><B>Beneficially</B> <BR><B>Owned by Each</B>
      <BR><B>Reporting Person</B> <BR><B>With:</B> <BR></TD>
    <TD align=left width="5%"><B>5</B> <BR></TD>
    <TD align=left width="83%"><B>Sole Voting Power</B> <BR>
      &nbsp; <BR>229,969
    </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>6</B> <BR></TD>
    <TD align=left width="83%"><B>Shared Voting Power</B> <BR>
      &nbsp; <BR>0
  </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>7</B> <BR></TD>
    <TD align=left width="83%"><B>Sole Dispositive Power</B> <BR>
      &nbsp;
    <BR>229,969 </TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>8</B> <BR></TD>
    <TD align=left width="83%"><B>Shared Dispositive Power</B>
      <BR>
    &nbsp;&nbsp; <BR>0 </TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>9</B> <BR></TD>
    <TD align=left colSpan=3><B>Aggregate Amount Beneficially
      Owned by Each Reporting Person</B> <BR>
    &nbsp;&nbsp; <BR>229,969 </TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>10</B> <BR></TD>
    <TD align=left colSpan=3><B>Check box if the aggregate amount
      in row (9) excludes certain shares (See Instructions)</B> <BR>
      &nbsp;&nbsp;
    <BR>[ ] </TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>11</B> <BR></TD>
    <TD align=left colSpan=3><B>Percent of class represented by
      amount in row (9)</B> <BR>
    &nbsp;&nbsp; <BR>7.2% </TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>12</B> <BR></TD>
    <TD align=left colSpan=3><B>Type of Reporting Person (See
      Instructions)</B> <BR>
&nbsp;&nbsp;&nbsp; <BR>PN </TD></TR></TABLE></DIV>
<P align=center>Page 2 of 5 </P>
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<P align=justify><B>Item 1. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(a)</B> </TD>
    <TD>
      <P align=justify><B>Name of Issuer: AVALON HOLDINGS
  CORPORATION</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(b)</B> </TD>
    <TD>
      <P align=justify><B>Address of Issuer&#146;s Principal Executive Offices: One
      American Way, Warren, Ohio 44484-5555</B></P></TD></TR></TABLE>
<P align=justify><B>Name of Person Filing: Raffles Associates, L.P. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(a)</B> </TD>
    <TD>
      <P align=justify><B>Address of Principal Business Office or, if None,
      Residence: </B></P>
      <P align=justify><B>One Penn Plaza, Suite 1628, New York NY
    10119</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(b)</B> </TD>
    <TD>
      <P align=justify><B>Citizenship: Not applicable</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(c)</B> </TD>
    <TD>
      <P align=justify><B>Title and Class of Securities: Common
  Stock</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(d)</B> </TD>
    <TD>
      <P align=justify><B>CUSIP No.: 05343P109</B></P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="10%" align=left><b>Item 3.</b>&nbsp;</TD>
    <TD width="90%" align=left><B>If this statement is filed pursuant
      to &#167;&#167; 240.13d-1(b) or 240.13d-2(b) or (c), check whether the</B> <B>person
      filing is a:</B> </TD></TR></TABLE>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left>(a) </TD>
    <TD align=left width="5%">[_] </TD>
    <TD align=left width="85%">Broker or dealer registered under Section 15 of
      the Act; </TD></TR>
  <TR vAlign=top>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>(b) </TD>
    <TD align=left width="5%">[_] </TD>
    <TD align=left width="85%">Bank as defined in Section 3(a)(6) of the Act;    </TD></TR>
  <TR vAlign=top>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>(c) </TD>
    <TD align=left width="5%">[_] </TD>
    <TD align=left width="85%">Insurance company as defined in Section
      3(a)(19) of the Act; </TD></TR>
  <TR vAlign=top>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>(d) </TD>
    <TD align=left width="5%">[_] </TD>
    <TD align=left width="85%">
      <P align=justify>Investment company registered under Section 8 of the
      Investment Company Act of 1940; </P></TD></TR>
  <TR vAlign=top>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>(e) </TD>
    <TD align=left width="5%">[x] </TD>
    <TD align=left width="85%">
      <P align=justify>An investment adviser in accordance with Rule
      13d-1(b)(1)(ii)(E); </P></TD></TR>
  <TR vAlign=top>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>(f) </TD>
    <TD align=left width="5%">[_] </TD>
    <TD align=left width="85%">
      <P align=justify>An employee benefit plan or endowment fund in accordance
      with Rule 13d-1(b)(1)(ii)(F); </P></TD></TR>
  <TR vAlign=top>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>(g) </TD>
    <TD align=left width="5%">[_] </TD>
    <TD align=left width="85%">
      <P align=justify>A parent holding company or control person in accordance
      with Rule 13d-1(b)(1)(ii)(G); </P></TD></TR>
  <TR vAlign=top>
    <TD></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%"></TD>
    <TD align=left>(h) </TD>
    <TD align=left width="5%">[_] </TD>
    <TD align=left width="85%">
      <P align=justify>A savings associations as defined in Section 3(b) of the
      Federal Deposit Insurance Act (12 U.S.C. 1813); </P></TD></TR>
  <TR vAlign=top>
    <TD></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%"></TD>
    <TD align=left>(i) </TD>
    <TD align=left width="5%">[_] </TD>
    <TD align=left width="85%">
      <P align=justify>A church plan that is excluded from the definition of an
      investment company under section 3(c)(14) of the Investment Company Act of
      1940; </P></TD></TR>
  <TR vAlign=top>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>(j) </TD>
    <TD align=left width="5%">[_] </TD>
    <TD align=left width="85%">
      <P align=justify>A non-U.S. institution in accordance with Rule
      240.13d-1(b)(1)(ii)(J); </P></TD></TR>
  <TR vAlign=top>
    <TD></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%"></TD>
    <TD align=left>(k) </TD>
    <TD align=left width="5%">[_] </TD>
    <TD align=left width="85%">
      <P align=justify>Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If
      filing as a non-U.S. institution in accordance with Rule
  240.13d-1(b)(1)(ii)(J), please specify the type of institution:  </P></TD></TR></TABLE>
<P align=center>Page 3 of 5 </P>
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<br>
<br>
<TABLE width="100%" border=0 cellPadding=0
cellSpacing=0
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; ">
  <TR vAlign=top>
    <TD width="10%" align=left><b>Item 4.</b>&nbsp;</TD>
    <TD width="90%" align=left><b>Ownership </b></TD>
  </TR>
</TABLE>
<br>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>(a)</B> </TD>
    <TD align=left width="95%"><B>Amount Beneficially Owned: </B>229,969
</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="95%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>(b)</B> </TD>
    <TD align=left width="95%"><B>Percent of Class: 7.2%</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="95%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left ><B>(c)</B> </TD>
    <TD align=left width="95%"><B>Number of shares as to which such person
      has:</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%"><B>(i)</B> </TD>
    <TD>
      <P align=justify><B>Sole power to vote or to direct the vote:
      </B>229,969</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%"><B>(ii)</B> </TD>
    <TD>
      <P align=justify><B>Shared power to vote or to direct the vote:
    0</B></P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%"><B>(iii)</B> </TD>
    <TD>
      <P align=justify><B>Sole power to dispose or to direct the disposition of:
      </B>229,969</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%"><B>(iv)</B> </TD>
    <TD>
      <P align=justify><B>Shared power to dispose or to direct the disposition
      of: 0</B></P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="10%" align=left><b>Item</b> <b>5.</b></TD>
    <TD width="90%" align=left><B>Ownership
      of Five Percent or Less of a Class.</B> </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left  >&nbsp;</TD>
    <TD align=left  >If this statement is being filed to report the
      fact that as of the date hereof the reporting person has ceased to be the
      beneficial owner of more than five percent of the class of securities,
    check the following [ ]. </TD>
    </TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><b>Item</b> <b>6.</b></TD>
    <TD align=left><B>Ownership
      of more than Five Percent on Behalf of Another Person.</B> </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><b>Item</b> <b>7.</b></TD>
    <TD align=left><B>Identification and classification of the subsidiary which acquired the
      security being reported on</B> <B>by the parent holding company or control
      person.</B> </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><b>Item</b> <b>8.</b></TD>
    <TD align=left><B>Identification and classification of members of the group.</B> </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><b>Item</b> <b>9.</b></TD>
    <TD align=left><B>Notice of
      Dissolution of Group.</B> </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><b>Item</b> <b>10.</b></TD>
    <TD align=left><B>Certifications.</B> </TD></TR></TABLE>
<P align=center>Page 4 of 5 </P>
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<P align=justify><B>SIGNATURE </B></P>
<P align=justify>After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct. </P>
<P align=justify>Dated: 2/14/2014<B> </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">RAFFLES ASSOCIATES, L.P. </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">By: RAFFLES CAPITAL ADVISORS, LLC, </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">General Partner </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">By: /s/ Paul H. O&#146;Leary </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Name: Paul H. O&#146;Leary </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Title: Managing Member </TD></TR></TABLE>
<P align=justify>The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative. If the statement
is signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature. </P>
<P align=justify><B>Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001). </B></P>
<P align=center>Page 5 of 5 </P>
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