SPORTING GOODS CONGLOMERATES TRADE COMPANIES AND STOCK

     The Actava Group Inc. and Roadmaster Industries yesterday
completed their expected plans to combine Actava's four sporting
goods companies with Roadmaster.  In completing the transaction,
Actava transferred ownership of its four sporting goods companies
to Roadmaster in exchange for approximately 19.2M shares of
Roadmaster's common stock --- total value: $76.7M.  The four
companies transferred were Diversified Products, Hutch Sports
USA, Nelson/Weather-Rite and Willow Hosiery Company.  Products
are sold under a variety of brand names, including DP, Hutch,
Reach, Weather-Rite and American Camper.  These companies also
sell products under licenses from the NFL, NBA, NHL, MLB, Disney,
Remington Arms Co. and numerous colleges (Actava Group/Roadmaster
Industries).