JIM WALTER CORP &lt;JWC> 2ND QTR FEB 28 NET

  Shr 86 cts vs 62 cts
      Shr diluted 86 cts vs 59 cts
      Net 28.0 mln vs 18.3 mln
      Revs 513.5 mln vs 517.0 mln
      First half
      Shr 2.03 dlrs vs 1.78 dlrs
      Shr diluted 2.03 dlrs vs 1.61 dlrs
      Net 65.9 mln vs 50.0 mln
      Revs 1.11 billion vs 1.08 billion
      Avg shrs 32.4 mln vs 28.1 mln
      Avg shrs diluted 32.4 mln vs 32.4 mln
      NOTE: 1987 net includes gains of 645,000 dlrs, or two cts a
  share, in quarter and 12,290,000 dlrs, or four cts a share,
  from reduced pension expense under new accounting procedures
      Net in both 1987 periods also includes gain of 4.0 mln
  dlrs, or 12 cts a share, from sale of land in Alabama.
  

