FREEDOM SAVINGS &lt;FRDM> MAY SEEK SALE OR MERGER

  Freedom Savings and Loan Association
  said it may seek a possible sale or merger of the association
  as it reported a net loss of 112.7 mln dlrs or 31.09 dlrs a
  share for 1986.
      The loss included a number of charges, including additions
  to its loan loss provision of 68 mln dlrs and write-downs on
  the value of its real estate of 13 mln dlrs.
      It said it is continuing to work with investment bankers to
  find sources of new capital, return its non-performing assets
  to earning status, and reduce operating expenses and
  liabilities, among other things.
  

