IBM 5280 Programmer's Manual page 123

7- 8 IBM 5280 COBOL Programmer's Guide
The format rules and restrictions for the *PROCESS statement are:
1. The asterisk (*) must appear in column 1 of the input record.
2. The keyword PROCESS follows the asterisk, with no intervening
blanks.
3. The options-list follows the keyword *PROCESS, with one or more
intervening blanks.
4. The option keywords in the list are separated from each other by a
comma, or one or more blanks, or both. The option keywords can
appear in any order.
5. The statement should be followed by a period.
6. The *PROCESS statement, with or without options, causes a
separate compilation for the source module following the
statement. If no options are specified, the IBM defaults or the
options specified in the PARM field of the EXEC statement apply
for the compilation.
7. Multiple *PROCESS statements are permitted for any
compilation, that is, each option keyword could be on its own
*PROCESS statement.
8. If contradictory options are submitted (such as LIST and
NOLIST) the last one specified is effective.