Have you tried 

PIC S9(4) COMP SYNC VALUE +0.

so that the whole halfword is usable?

(Using the whole half/fullword in the PIC clause  always worked for me 
back in ANSI COBOL days onwards.) 

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Mike Poil
Java z/OS Level 3 Service
IBM United Kingdom Limited, Hursley Park, Winchester SO21 2JN
Internal: 246824  External: +44 (0)1962 816824 
Java debugging: http://www.ibm.com/developerworks/java/jdk/diagnosis/
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