PACKERS REVEAL RECORD INCOME FOR '96 AT SHAREHOLDERS MEETING

          The Packers reported a record net income of $5.877M for
     the fiscal year ending March 31, according to Bob McGinn of
     the MILWAUKEE JOURNAL SENTINEL.  The "surge" in revenue from
     $70.294M in '95 to $79.164M in '96 "was due largely to
     increases" of $3.3M in souvenir sales, $2.4M in TV and radio
     fees, and $1.7M in gate receipts.  Expenses rose from $62.7M
     to $71M, "due largely" to a $5.2M increase in player costs
     and a $3M increase in administrative costs (MILWAUKEE
     JOURNAL SENTINEL, 5/29).  In a sidebar, McGinn reports that
     the Packers "expect to make at least" $50M and "perhaps much
     more" in the proposed new team stock offering.  While being
     discussed yesterday, a special meeting is scheduled for July
     to vote on the proposal (MILWAUKEE JOURNAL SENTINEL, 5/29).