INT'L TOTALIZATOR &lt;ITSI> SEES BETTER 1ST QTR

  International Totalizator Systems Inc
  Vice President of Finance Joel Graff said he expects to report
  an improved first quarter compared to the 377,000 dlr loss
  reported in the year ago quarter.
      "A profit looks quite favorable," Graff said.
      Last week, the automated ticket systems supplier reported a
  loss of 1.2 mln dlrs for the 1986.
      Graff said "we invested heavily in 1986, which we believe
  will result in higher future growth and earnings for the
  company."
  

