Interstate General... Co. L.P. ... ... ... ... Ticker...

EARNINGS

March 18, 1994

Interstate General

... Co. L.P. ... ... ... ... Ticker ... ... Yesterday's

... ... ... ... ... .. .. .. Symbol ... ... Cls. ... Chg.

... ... ... ... ... .. .. .. IGC ... .. ... 7 1/2 .. .. +

Period ended

12/31/93 ... ... ... ... 4th qtr. ... ... ... Year ago ... ... ... Chg.

Revenue .. .. .. ... ... $11,531 ... .. .. .. $10,696 ... ... ... +7.8%

Net Income .. .. ... ... $1,566 ... ... .. .. $590 ... ... .. ... +165.4%

Primary EPS ... .. .. .. $0.15 ... ... ... .. $0.06 .. ... .. ... +150.0%

... ... ... ... ... ... 12 mos. ... ... ... Year ago ... ... ... Chg.

Revenue ... ... ... ... $48,993 ... ... ... $41,982 .. .. .. ... +16.7%

Net Income ... .. .. .. $7,194* ... ... ... $(14,947)** ... ... --

Primary EPS ... ... ... $0.71* ... ... ... $(1.47)** ... ... ... --

* Includes a gain of $1.5 million, or 15 cents a share, for changes in accounting for income taxes.

** Includes a restructuring charge of $15.8 million, or $1.57 a share.

Figures in thousands (except per share data.)

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