The party (or parties) who "removed" the famed Stanford Axe from a display showcase on the University of California's Berkeley campus last June received some relatively good news yesterday.

It came from Ralph Vetterlein, president of the Associated Students of UC, who explained that the $5 bill -- apparently left by the purloiners to cover the cost of the broken window in Stephan's Union in which the Axe was displayed -- was "more than sufficient."

In fact, he said, the damage amounted to only $3.64.

"The party (or parties) that stole the Axe should see me for the $1.36 reimbursement," Vetterlein announced.

Meanwhile, the search for the historic old blade, traditional symbol of rivalry between Stanford and UC continues.

Captain Frank Woodward of the UC campus police said he had a "feeling" the Axe was around the UC campus, but had no information as to exactly where it might be.

Stanford's radio station KZSU reported earlier this week that it learned from an "authoritative source" at UC that the Axe had been found in a UC fraternity house.

UC student leaders and members of the specially appointed Axe-committee, investigating the disappearance of the Axe vigorously denied the reports and said they were still working on other leads that may eventually turn up the Axe.