Monday, Oct. 07, 1985

Statement of Ownership

STATEMENT REQUIRED BY THE ACT OF AUGUST 12, 1970; SECTION 3685, TITLE 39, UNITED STATES CODE SHOWING THE OWNERSHIP, MANAGEMENT AND CIRCULATION OF

TIME, published weekly, at 10880 Wilshire Blvd., Los Angeles, Los Angeles County, California 90010 for October 1, 1985. Number of issues published annually: 52. Annual subscription price: $58.24. The General Business Offices of the Publisher are located at the Time & Life Building, Rockefeller Center, New York, New York 10020.

The names and addresses of the Publisher, Editor-in-Chief, and Managing Editor are: Publisher, John A. Meyers, Time & Life Building, Rockefeller Center, New York, New York 10020; Editor-in-Chief, Henry A. Grunwald, Time & Life Building, Rockefeller Center, New York, New York 10020; Managing Editor, Ray Cave, Time & Life Building, Rockefeller Center, New York, New York 10020.

The owner is: Time Incorporated, Time & Life Building, New York, New York 10020. The names and addresses of stockholders owning or holding one percent or more of the total amount of stock are: *The Capital Group Inc., 333 South Hope Street, Los Angeles, California 90071; *Chemical Bank, Box 1368, Church Street Station, New York, New York 10008; *The Depository Trust Company, P.O. Box 20, Bowling Green Station, New York, New York 10274; Robert T. Keeler & Thomas T. Keeler, Trustees, Irrevocable Trust, Box 7535, Corpus Christi, Texas 78415; The Henry Luce Foundation, Inc., 111 West 50th Street, New York, New York 10020; *Midwest Securities Trust Company, 440 S. LaSalle Street, Chicago, Illinois 60605; *Pacific Securities Depository Trust Company Incorporated, Box 7877, San Francisco, California 94120; TLL Temple Foundation, 109 Temple Blvd., Lufkin, Texas 75901.

*Held for the account of one or more stockholders.

The known bondholders, mortgagees, and other security holders owning or holding one percent or more of total amount of bonds, mortgages or other securities are: Milton Cades, P.O. Box 939, Honolulu, Hawaii 96808; Eileen H. Char Revocable Living Trust, 629 Elepaio Street, Honolulu, Hawaii 96816; Lloyd F. Char Revocable Living Trust, 629 Elepaio Street, Honolulu, Hawaii 96816; *The Depository Trust Company, Box 20, Bowling Green Station, New York, New York 10274; The Equitable Life Assurance Society, 1285 Avenue of the Americas, New York, New York 10019; Hawaii National Bank, 120 South King Street, Honolulu, Hawaii 96813; John Hancock Mutual Life Insurance Company, John Hancock Place, P.O. Box 111, Boston, Massachusetts 02117; LBJ Company, 910 Brazos, Austin, Texas 78701; *Midwest Securities Trust Company, 440 S. LaSalle Street, Chicago, Illinois 60605; OTR, c/o Treasurer of State, P.O. Box 1170, Columbus, Ohio 43216; *Pacific Securities Depository Trust Company Incorporated, Box 7877, San Francisco, California 94120.

*Held for the account of one or more security holders.

The average number of copies each issue during the preceding 12 months:

A) Total no. of copies printed:

Net Press Run: 5,244,000

B) Paid circulation:

1) Sales through dealers and carriers,

street vendors and counter sales: 211,000

2) Mail subscriptions: 4,430,000

C) Total paid circulation: 4,641,000

D) Free distribution by mail, carrier or

other means: samples, complimentary,

and other free copies: 237,000

E) Total distribution: 4,878,000

F) Copies not distributed:

1) Office use, left-over, unaccounted,

spoiled after printing: 4,000

2) Returns from news agents: 362,000

G) Total: 5,244,000

The actual number of copies of single issue published nearest to filing date are:

A) Total no. of copies printed:

Net Press Run: 5,280,000

B) Paid circulation:

1) Sales through dealers and carriers,

street vendors and counter sales: 200,000

2) Mail subscriptions: 4,496,000

C) Total paid circulation: 4,696,000

D) Free distribution by mail, carrier or

other means: samples, complimentary,

and other free copies: 230,000

E) Total distribution: 4,926,000

F) Copies not distributed:

1) Office use, left-over, unaccounted,

spoiled after printing: 0

2) Returns from news agents: 354,000

G) Total: 5,280,000

I certify that the statements made by me above are correct and complete.

Allen M. Barr, Worldwide Business Manager