InterstateGeneral Co. L.P. ... ... ... Ticker...

EARNINGS

May 17, 1994

Interstate

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

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

... ... ... ... ... .. .. .. IGC ... ... .. ... ... 7 3/8 .. .. + 1/2

Period ended

3/31/94 ... ... ... ... 1st qtr. ... ... ... Year ago ... ... Chg.

Revenue ... ... ... ... $12,569 ... .. .. .. $9,827 .. .. ... +27.9%

Net Income .. .. .. ... $2,093 ... ... .. .. $2,319* .. .. .. -9.7%

Primary EPS ... ... ... $0.21 ... ... ... .. $0.23* ... .. .. -8.7%

Figures in thousands (except per share data.)

* Includes $1.5 million, or 15 cents a share, from a change in income tax accounting.

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