PACKERS SEEK NFL APPROVAL TO ISSUE ADDITIONAL STOCK IN TEAM

          A notice sent to Packers shareholders calls for the
     consideration of a special issue of a new class of stock,
     according to Charles Gardner of the MILWAUKEE JOURNAL
     SENTINEL.  But Packers President Bob Harlan noted yesterday
     that the NFL has not yet approved any stock sale, and the
     notice "merely" notifies shareholders that the issue will be
     discussed at the franchise's annual meeting on May 28. 
     Harlan: "All we're trying to do is be prepared.  This is
     just legal talk right now to see where we are.  We have not
     even been assured if we'll have an (NFL) opinion by the
     annual meeting, let alone know what we're going to do."  The
     team has proposed selling additional stock in the publicly
     owned corporation, "although the type of stock would not be
     identical to the 4,634 shares now held by 1,915 team
     owners."  Gardner notes that Harlan is "concerned about the
     Packers' level of cash reserves," estimated to be $21-23M.
     If the plan is approved, Harlan has said he hopes to start a
     stadium trust fund (MILWAUKEE JOURNAL SENTINEL, 5/15).