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                                   TABLE 5.2-3.  Average 1995 prices for QS only transfers
                                   -------------------------------- ------------- -------------------------------- ----------
                                                                   |     Avg     |       Tot num                  |
                                      Mngt       Vessel            |    price    |         of QS         Avg      |    Num of
                                      area       category          |    $/QS     |         trans          QS      |     trans
                                   --------------------------------|-------------|--------------------------------|----------
                                   Southeast     Freezer           |     C       |        36,312        18,156    |       2
                                                 Small catchers    |    1.45     |       118,985        29,746    |       4
                                                                   |             |                                |
                                   W. Yakutat    Freezer           |     C       |        27,818        27,818    |       1
                                                 Large catchers    |     C       |       286,292       286,292    |       1
                                                 Small catchers    |     C       |        85,873        42,937    |       2
                                                                   |             |                                |
                                   Cent. Gulf    Freezer           |     C       |       324,319       162,160    |       2
                                                 Small catchers    |     C       |       266,679        88,893    |       3
                                                                   |             |                                |
                                   West. Gulf    Small catchers    |     C       |        81,442        40,721    |       2
                                                                   |             |                                |
                                   Aleutians     Freezer           |     C       |       594,509       594,509    |       1
                                                                   |             |                                |
                                   Bering Sea    Freezer           |     C       |       106,583       106,583    |       1
                                   -------------------------------- ------------- -------------------------------- ----------





















                                                  C indicates confidential data (fewer than four transactions)
                                                    Data includes only priced transfers and sweep-up transfers
                                                      Data includes only observations with positive prices