SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.

Litigation Release No. 15625 / January 22, 1998

SECURITIES AND EXCHANGE COMMISSION v. William M. Fromm, Civil
Action No. 98-0092-CV-W-3 (W.D. Mo. filed Jan. 22, 1998)

     The Securities and Exchange Commission ("Commission") has
filed a complaint in the United States District Court for the
Western District of Missouri against William M. Fromm ("Fromm")
in which the Commission alleges that Fromm traded in the common
stock of Purolator Products Company ("Purolator") while in
possession of material, nonpublic information about Purolator,
and provided advice concerning Purolator to two individuals who
traded, prior to the October 3, 1994 announcement that Purolator
and Mark IV Industries, Inc. ("Mark IV") had entered into a
definitive merger agreement.  Without admitting or denying any of
the allegations in the complaint, except as to jurisdiction,
Fromm consented to the entry of a final judgment enjoining him
from violating sections 10(b) and 14(e) of the Securities
Exchange Act of 1934 ("Exchange Act") and Exchange Act rules 10b-
5 and 14e-3, ordering him to disgorge $213,750, plus prejudgment
interest on $13,750 of that amount of $4,076.36, and ordering him
to pay a civil penalty of $13,750.

     According to the complaint, based upon 1) information that
Fromm learned during a May 1994 meeting with the President and
Executive Vice President of Dayco Products, Inc., a Mark IV
subsidiary and client of the advertising, public relations, and
consulting firm of which Fromm was President and Chief Executive
Officer ("CEO"), 2) information that Fromm learned during a
September 1994 conversation with Mark IV's Chairman and CEO at
events related to a funeral, and 3) the previously publicly
disclosed information of the resignation of Mark IV's CEO from
Purolator's Board of Directors, Fromm formed the belief that Mark
IV was likely to acquire Purolator.  Also according to the
Commission's complaint, Fromm subsequently purchased a total of
2,000 shares of Purolator common stock and advised two
individuals, who traded when it was reasonably foreseeable that
they would do so, of his belief that Mark IV was likely to
acquire Purolator.  The Commission alleges in its complaint that,
in so doing, Fromm misappropriated material, nonpublic
information that he obtained during the May 1994 meeting and the
September 1994 conversation in breach of a fiduciary duty or
similar relationship of trust and confidence that he owed to
Dayco and Mark IV.

     Following the public announcement of the Mark IV/Purolator
transaction, Fromm sold the 2,000 shares that he had purchased
and realized a profit of $13,750.  Accounts of the two
individuals sold the shares that they had purchased and realized
profits of $608,750 and $687.50 respectively.

     The Commission acknowledges the assistance of the National
Association of Securities Dealers, Inc. in this matter.