PARTNERS CALL GENCORP&lt;GY> RESPONSE UNPRODUCTIVE

  General Acquisition Co said it was
  disappointed by Gencorp's response to its tender offer and
  questioned how the company might give better value to
  shareholders.
      Gencorp earlier urged shareholders to reject a 100 dlr per
  share tender offer from the partnership, which includes Wagner
  and Brown and AFG Industries Inc. The company said it was
  studying financially superior alternatives.
     The partnership called the response inflammatory and
  unproductive, particularly since it had attempted to discuss
  the offer with Gencorp.
       The partnership said Gencorp failed to say how it would
  provide a "superior value yet they continue their attempt to
  prevent a satisfactory offer by failing to redeem their poison
  pill." Poison pills are shareholder rights plan that make
  takeovers more expensive.
      Gencorp said in its statement earlier that the date its
  rights will trade separately from the common stock was extended
  to April six from April three. It said the extension was
  subject to further extensions by the board and is conditioned
  on no person aquiring beneficial ownership of 20 pct or more of
  Gencorp prior to April six.
      General Acquisition said it is confident its offer can be
  completed in a timely manner using its financial arrangements.
      The partnership in its statement again urged management to
  work with it to facilitate a transaction.
  

