FALCON CABLE &lt;FAL> SETS INITIAL DISTRIBUTION

  Falcon Cable Systems Co said
  its set an initial quarterly cash distribution of 53.75 cts per
  unit, payable May 15 to unitholders of record March 31.
      The partnership made its initial public offering in
  December, 1986.
      Falcon said it expects to pay cash distributions to limited
  partners at an annual rate of 2.15 dlrs per unit, through
  December 31, 1989.
  

