JOINT FILING AGREEMENT

                                                                     EXHIBIT 1

                            JOINT FILING AGREEMENT

      The undersigned hereby agree that this Schedule 13D filed by us with
respect to the Common Stock of Pan Am Corporation is filed on behalf of each of
us.

Dated:  February 15, 1997                 /s/ XXXXXXX X. XXXX, XX.
                                          -----------------------------------
                                          Xxxxxxx X. Xxxx, Xx.


                                          XXXX PARTNERS LIMITED

Dated:  February 15, 1997                 By: /s/ XXXXXXX X. XXXX, XX.
                                              --------------------------------
                                              Xxxxxxx X. Xxxx, Xx.
                                              President, Xxxx Partners, Inc.,
                                              General Partner



Dated:  February 15, 1997                 XXXX PARTNERS, INC.



                                          By: /s/ XXXXXXX X. XXXX, XX.
                                              --------------------------------
                                              Xxxxxxx X. Xxxx, Xx.
                                              President