ENGINEERED SYSTEMS <ESD> UNIT GETS LOAN NOTICE
Engineered Systems and
Development Corp said Wells Fargo and Co's <WFC> Wells Fargo
Bank has demanded immediate payment of a 1,750,000 dlr loan
made to Engineered's Seaborn Development Inc unit under a
revolving credit arrangment that expired on April 30, 1986.
    The company said Wells Fargo has also said it will sue to
collect if it does not receive payment immediately.
    The parties involved also began negotiations to restructure
the repayment over an 18 month period and the talks are
ongoing, Engineered Systems also said.
 Reuter
