CONTINENTAL FEDERAL &lt;CONF> HOLDER TO SELL STAKE

  Continental Federal Savings and
  Loan Association said it was told that an estate holding 38 pct
  of its stock plans to sell its stake at a premium over the
  current stock price.
     Continental said the estate of Harold Vernon and certain
  parties have signed a letter of intent to sell the stock for
  12.25 dlrs a share, for a total of about 6,538,000 dlrs.
  Continental's stock closed at seven in over-the-counter
  trading.
      The thrift said the buyer is &lt;BAC Inc>, a corporation
  acting for certain unindentified parties.
  

