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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION


LITIGATION RELEASE NO. 14964 / June 26, 1996

ACCOUNTING AND AUDITING ENFORCEMENT
RELEASE NO. 796 / June 26, 1996 

SEC v. AMERICARE INTERNATIONAL, INC. AND GERARD A. LYONS, Civil
Action No. 96-1251-CIV-T-21B

     The Securities and Exchange Commission ("Commission")
announced that on June 24, 1996, the Commission filed a complaint
seeking injunctive and other equitable relief against Americare
International, Inc. ("Americare") and injunctive and equitable
relief as well as civil penalties against Gerard A. Lyons
("Lyons").  Americare and Lyons consented to the entry of the
permanent injunction and Lyons consented to the entry of an Order
requiring him to pay a civil penalty of $25,000.

     The Complaint alleges that certain of Americare's periodic
filings and a registration statement filed with the Commission
contained false and misleading information.  Specifically, it is
alleged that Lyons caused Americare to omit material facts that
would reveal that the company had made referral payments to a
health care provider and had received a substantial amount of its
revenues from such referrals, which were in violation of Florida
law, and that it had carried certain real estate on its books at
an inflated value and had improperly classified certain
mandatorily redeemable stock as equity.  

     The complaint alleges violations by Americare of Sections
10(b), 13(a) and 13(b)(2) of the Securities Exchange Act of 1934
and Rules 10b-5, 12b-20, 13a-1, 13a-13 and 13b2-1 thereunder, and
violations by Lyons of Sections 10(b), 13(b)(2) and 13(b)(5) of
the Securities Exchange Act of 1934 and Rules 10b-5, 13b2-1 and
13b2-2 thereunder.