FREEDOM SAVINGS <FRDM> MAY SEEK SALE OR MERGER Freedom Savings and Loan Association said it may seek a possible sale or merger of the association as it reported a net loss of 112.7 mln dlrs or 31.09 dlrs a share for 1986. The loss included a number of charges, including additions to its loan loss provision of 68 mln dlrs and write-downs on the value of its real estate of 13 mln dlrs. It said it is continuing to work with investment bankers to find sources of new capital, return its non-performing assets to earning status, and reduce operating expenses and liabilities, among other things.