UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No.  15768  /  June  5, 1998

     SECURITIES AND EXCHANGE COMMISSION V. HEIDI A. FLANNERY
     Civil Action No. 98-S-1233 (U.S. Dist.Ct. Colo.)

          The Commission today filed an insider trading case against Heidi A.
     Flannery, an investor relations consultant residing in Portland, Oregon. 
     The Commission alleged that, between July and September 1996, Flannery
     engaged in illegal insider trading in the securities of three publicly
     traded corporations:  

          ùFischer Imaging Corporation, based in Denver, Colorado, 
          ùTriQuint Semiconductor, Inc., based in Oregon, and 
          ùSouthern Pacific Funding Corporation, also based in Oregon. 

          The complaint, filed in the United States District Court for the
     District of Colorado, alleges that Flannery while privately assisting
     Fischer Imaging and TriQuint Semiconductor in the preparation of releases
     announcing lower than anticipated earnings for the third quarter of 1996,
     Flannery sold stock in the two companies.  Flannery avoided losses in the
     two stocks totaling $17,731.  The Commission also alleges that in July 1996
     Flannery profited by $1,125 from purchasing stock in Southern Pacific
     Funding while preparing a release announcing increased income for the
     second quarter of 1996.

          Without admitting or denying the substantive allegations in the
     complaint, Flannery consented to the entry of a judgment permanently
     enjoining her from violating antifraud provisions of the federal securities
     laws, Section 17(a) of the Securities Act of 1933 and Section 10(b) of the
     Securities Exchange Act of 1934 and Rule 10b-5 thereunder; ordering her to
     disgorge profits and losses avoided in the amount of $18,856, together with
     prejudgment interest of $3,389, and ordering her to pay a civil penalty of
     $18,856.


















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