Just to add, I have absolutely no clue (outside of ICL COBOL) what PIC 1 is. 
I'm just an applications person. The world of sysprogs is beyond me, and whilst 
I always enjoy the conversations here, mostly it is metres above my head :-)

In ICL COBOL, PIC 1 defines a bit. PIC 1(3) is three bits, etc. You may also 
have to define it as COMP-5, but it is not "our" COMP-5. One of those COBOL 
things. "COMPUTATIONAL" means a numeric definition, implementor-defined. 
Fortunately up as far as COMP-3, there is general agreement. Mostly.

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