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To: James Strauss who wrote (3856)	1/22/1998 10:26:00 AM
From: Sandra	Read Replies (1) \| Respond to of 7006

Jim, Nice report from usx this morning. Sandra USX-U.S. Steel Group (NYSE: X - news), boosted by strong market conditions, operations and shipment performance, reported fourth quarter 1997 net income adjusted for special items of $141 million, or $1.60 per share. These results represent the highest quarterly earnings since formation of the U.S. Steel Group in 1991, exceeding the fourth quarter 1996 record net income adjusted for special items of $127 million, or $1.44 per share. Revenues were $1.8 billion in both periods. The Steel Group recorded fourth quarter 1997 net income of $152 million, or $1.74 per share, including an $11 million aftertax effect related to a gain on the sale of the plate mill at U.S. Steel's former Texas Works and a reduction to interest expense related to indexed debt (see Note 2 to the attached Steel Group Statement of Operations). Fourth quarter 1996 net income of $125 million, or $1.41 per share, included various special items which had an insignificant net effect.