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    TABLE 3.4-1.  Comparison of QS and QS holders at initial allocation and year-end 1995, by management area
     ------------- ------------------ ------------------------------ ------------------------- --------------------------------- -------------------------
                  |                  |                              |                         |                                 |                 Percent
                  |                  |      Initial   Year-end 95   |   Person     Percent    |        Initial    Year-end 95   |   Net change   change in
                  |                  |           QS       QS        |     net     change in   |        average        average   |   of average    average
        Area      |        Area QS   |      holders     holders     |   change   QS holders   |       holdings       holdings   |    holdings     holdings
     -------------|------------------|------------------------------|-------------------------|---------------------------------|-------------------------
     Southeast    |     65,352,762   |          707          656    |     -51        -7       |         92,437         99,623   |      7,186         8
                  |                  |                              |                         |                                 |
     W. Yakutat   |     52,597,269   |          449          420    |     -29        -6       |        117,143        125,232   |      8,089         7
                  |                  |                              |                         |                                 |
     Cent. Gulf   |    107,635,310   |          633          592    |     -41        -6       |        170,040        181,816   |     11,776         7
                  |                  |                              |                         |                                 |
     West. Gulf   |     35,196,842   |          226          217    |      -9        -4       |        155,738        162,197   |      6,459         4
                  |                  |                              |                         |                                 |
     Aleutians    |     29,863,329   |          128          125    |      -3        -2       |        233,307        238,907   |      5,600         2
                  |                  |                              |                         |                                 |
     Bering Sea   |     17,598,802   |          140          138    |      -2        -1       |        125,706        127,528   |      1,822         1
     ------------- ------------------ ------------------------------ ------------------------- --------------------------------- -------------------------