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           UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 15217 / January 16, 19965

SECURITIES  AND EXCHANGE  COMMISSION v.  Mark G.  Daly,  et. al.,
Civil Action No.  95-K-1554, USDC/Colorado

     The Securities and Exchange Commission ("Commission"), today
announced the entry of  judgments of permanent injunction against
all three defendants  by the  Honorable Judge John  L. Kane,  Jr.
Defendant  Mark  G.  Daly  ("Daly"),  a resident  of  the  Denver
Colorado area,  was permanently  enjoined from violations  of the
anti-fraud provisions of Section 10(b) of the Securities Exchange
Act  of 1934 ("Exchange Act")  and Rule 10b-5 thereunder; Section
17(a)  of the  Securities  Act of  1933  ("Securities Act");  and
Sections 206(1) and 206(2) of the Investment Advisers Act of 1940
("IA  Act").   The  court's  order  also  ordered   Daly  to  pay
disgorgement  of  $40,600  plus prejudgment  interest  but waived
payment  based  on Daly's  demonstrated  inability  to pay.  Daly
consented  to the entry of the order without admitting or denying
the allegations in the Commission's complaint.
 
     The  court also entered judgments against defendants Concept
Capital Fund, Ltd.,  ("Concept Capital")  and Multinational  Fund
Management,  Ltd.  ("Multinational")  by  default.  Those  orders
enjoin  the defendants  from violations of  Section 10(b)  of the
Exchange Act and Rule  10b-5 thereunder and Section 17(a)  of the
Securities Act. The court also ordered that approximately $95,000
held in a Concept Capital account at a broker-dealer be deposited
in the registry  of the court and  that the Commission propose  a
plan  for distribution to investors or other disposition of those
funds within sixty (60) days.

     The Commission brought this action in June 1995 and obtained
a TRO freezing the above noted funds held in a Concept Capital
account.  The Commission's complaint charged that Daly had
fraudulently raised approximately $924,873 from 15 investors for 
Concept Capital, purportedly a "mutual fund" based in the Bahamas
that was managed by Multinational, also based in the Bahamas.