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                SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 

Litigation Release No. 15321 / April 9, 1997

SECURITIES AND EXCHANGE COMMISSION v. MICHAEL JONSSON AND
OBJECTIVE INVEST HOLDING S.A., 96 Civ. 7867 (RO) (S.D.N.Y. 1996)

     The Securities and Exchange Commission today announced that
on April 8, 1997, the Honorable Richard Owen, United States
District Judge, Southern District of New York, entered a final
judgment of permanent injunction and other relief against
defendants Michael Jonsson and Objective Invest Holding S.A.
("OIH").

     Without admitting or denying the allegations of the
Commission s Complaint, the defendants consented to a permanent
injunction enjoining them from violating Section 10(b) of the
Securities Exchange Act of 1934 ( Exchange Act ), and Rule 10b-5
thereunder.  In addition, the defendants have been ordered to pay
disgorgement of $186,849.50, plus pre-judgment interest thereon
of $12,409.87, and a civil penalty of $186,849.50, for a total of
$386,108.87.

     In its Complaint filed on October 17, 1996, the Commission
alleged that the defendants violated Section 10(b) and Rule 10b-5
by selling common stock of Olicom A/S ("Olicom"), and purchasing
related  put  options, through bank accounts in Luxembourg prior
to the April 2, 1996 public announcement that Olicom expected to
report an operating loss for the first quarter of 1996. Jonsson
is a citizen of Denmark, and at the time of the trading, was Vice
President, International Sales for Olicom and a member of
Olicom s executive-level management group.  OIH was a small,
privately-held Luxembourg corporation that Jonsson controlled.
Olicom is a Danish corporation headquartered in Lyngby, Denmark. 
Olicom s common stock is traded on the National Market System of
the Nasdaq Stock Market, Inc., and options relating to its stock
are traded on the Chicago Board Options Exchange, Inc.

     On the day the Complaint was filed, the Court entered a
Temporary Restraining Order, Order Freezing Assets And Other
Relief against the defendants, which, among other things, froze
all of the assets of the defendants.  On October 30, 1996, the
Court issued a Preliminary Injunction continuing the asset
freeze.  On November 11, 1996, the President of the District
Court of Luxembourg, upon the request of the Commission, issued
an order freezing assets owned by the defendants in Luxembourg.

     The final judgment entered against Jonsson and OIH also
contains a provision requiring the defendants to cooperate in all
respects with the efforts of the Commission.  The Commission s
investigation is ongoing.  
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     The Commission acknowledges the assistance of the Chicago
Board Options Exchange, Inc. in this matter.  For additional
information about this matter, see Litigation Release No. 15126
(October 18, 1996).