(CORRECTED)-CRAZY EDDIE &lt;CRZY.O> SETS RIGHTS
  Crazy Eddie Inc said its board has
  adopted a defensive shareholder rights plan and said it has
  reacived inquiries on a friendly merger.
      It said under the plan, shareholders of record as of April
  21 will receive a right to purchase under certain circumstances
  at a price of 42 dlrs 0.01 preferred share for each common
  share held.  The rights expire April 9, 1997.
      The company said the rights would be exercisable 20
  business days after a party were to acquire 20 pct or more of
  Crazy Eddie common stock or announce a bid for 30 pct or more.
      Adds dropped year of rights expiration.
  

