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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION


LITIGATION RELEASE NO.  14941 / June 10, 1996

SECURITIES AND EXCHANGE COMMISSION v. MAXWELL C. HUFFMAN, JR., ET
AL.
Civil Action No. 3:90-CV-2036-H, USDC/ND TX [Dallas]

     The Securities and Exchange Commission announced that on
March 4, 1996, in U. S. District Court for the Northern District
of Texas, an Amended Final Judgment was entered as to defendant
James F. Stewart. On May 24, 1994 the District Court had adopted
the findings and recommendations of a Magistrate judge and
entered a Final Judgment in favor of the Commission directing
Stewart to disgorge $513,784. Subsequently, upon receiving proof
from Stewart that he is financially unable to pay the full
disgorgement amount, the Commission accepted Stewart's offer to
pay $55,000 of the disgorgement amount provided the remaining
$458,784 be waived. The $55,000 has since been paid directly to
the court-appointed receiver in this matter.