VALLEN CORP <VALN> 3RD QTR FEB 28 NET Shr 24 cts vs 33 cts Net 347,000 vs 469,000 Sales 16.5 mln vs 14.0 mln Nine mths Oper shr 93 cts vs 94 cts Oper net 1,327,000 vs 1,342,000 Sales 48.8 mln vs 34.5 mln NOTE: Current nine mths net excludes 756,000 dlr gain from termination of pension plan.