==========================================START OF PAGE 1======

                SECURITIES AND EXCHANGE COMMISSION


Litigation Release No. 15026 / August 29, 1996

SEC v. JOHN FIEBELKORN  (United States District Court for the
Southern District of Texas, H-96-2611, filed August 14, 1996)

     The Commission announced that on August 23, 1996, the United
     States District Court for the Southern District of Texas
     entered an Agreed Order of Permanent Injunction and Other
     Equitable Relief (Order) against Defendant John Fiebelkorn
     (Fiebelkorn).  Fiebelkorn consented to the entry of the
     injunction without admitting or denying the allegations made
     against him in the Commission's Complaint, which was filed
     on August 14, 1996.  The Complaint alleges that Fiebelkorn
     violated the antifraud sections of the securities laws,
     Section 17(a) of the Securities Act of 1933, Section 10(b)
     of the Securities Exchange Act of 1934 and Rule 10b-5
     promulgated thereunder.

     In its Complaint, the Commission alleged that from about
     1989 until June 1991, several individuals engaged in an
     elaborate fraudulent scheme involving the common stock of
     Angeion Corporation (Angeion).  The purpose of the scheme
     was to create the appearance of activity in Angeion stock
     and thus create the impression on the investing public of a
     demand for the stock.  This was done by engaging in
     manipulative devices including matched trades, wash trades
     and stock parking.  After the manipulative activities
     ceased, the stock price of Angeion fell from a high of $10
     3/8 in March 1991, to a low of $2 3/4 on July 3, 1991.

     The Commission's Complaint alleged that Fiebelkorn engaged
     in at least one instance of stock parking and in at least
     three matched trades involving 80,00 shares of Angeion
     valued at approximately $700,000.