(1) and (2) --The following financial statements of Applied Signal Technology, Inc., included in the annual report of the registrant to its shareholders for the year ended October 31, 1995 are incorporated by reference in Item 8:
Balance Sheets -- October 31, 1995 and 1994
Statements of Income -- Years ended October 31, 1995, 1994, and 1993
Statements of Shareholders' Equity -- Years ended October 31, 1995, 1994, and 1993
Statements of Cash Flow -- Years ended October 31, 1995, 1994, and 1993
Notes to Financial Statements -- October 31, 1995
All schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are not required under the related instructions or are inapplicable, and therefore have been omitted.