MICHIGAN GENERAL CORP <MGL> 4TH QTR Shr loss 1.02 dlrs vs 1.01 dlr Net loss 18.1 mln vs 11.4 mln Revs 96.0 mln vs 90.3 mln Year Shr loss 2.65 dlrs vs loss 3.06 dlrs Net loss 39.3 mln vs 34.6 mln Revs 386.0 mln vs 373.0 mln NOTE:1986 4th qtr, year loss includes 14.4 mln dlrs, 4.6 mln dlrs respectively from discontinued. 1985 4th qtr and year include loss of 13.1 mln, 1.9 mln dlr respectively.