ALLIED &lt;ALD> AFFILIATE RESTATES LOSS LARGER

  Allied-Signal Inc's 49.7 pct owned
  &lt;Union Texas Petroleum Co> affiliate said it has restated its
  fourth quarter and full-year losses and revenues to increase
  the provision for the proposed settlement of a price dispute
  involving Indonesian liquefied natural gas.
      It said the restated increases the provision against 1986
  fourth quarter earnings to 23.5 mln dlrs from 15.5 mln dlrs
  estimated earlier.
      Union Texas said its fourth quarter loss was increased to
  29.5 mln dlrs from 21.5 mln dlrs reported previously and
  revenues reduiced to 214 mln dlrs from 228 mln dlrs.
      Union Texas said for the full year it restated its loss to
  57.5 mln dlrs from 49.5 mln dlrs and revenues to 1.26 billion
  dlrs from 1.27 billion dlrs.
      the restatement results from a tentative agreement reached
  in February with Pertamina, the Indonesian state-owned
  petroleum enterprise, and Japanese purchasers of LNG.
      Kohlberg Kravis Roberts and Co also owns 49.7 pct of Union
  Texas and the remainder is owned by management.
  

