U.S. SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No.  15882  / September 16, 1998

          SECURITIES AND EXCHANGE COMMISSION  v. MARSHALL NEIL CRAIG
          RONALD, RUDOLF ALEXANDER VICTOR LINSCHOTEN A/K/A RUDOLF VAN LIN
          OR DR. RUDOLF VAN LIN, AND FRIEDA G. FREITAS, Civil Action No.
          98-7502 WDK (BQRx) (C.D. Cal.).

          The Securities and Exchange Commission announced today that it
          filed an enforcement action in federal district court in Los
          Angeles against Marshall Neil Craig Ronald ("Ronald"), Rudolf
          Alexander Victor Linschoten ("Linschoten"), and Frieda G. Freitas
          ("Freitas").  The Commission alleges that the defendants engaged
          in the fraudulent offer and sale of unregistered securities
          through Sabre Asset Management Corporation in connection with a
          fictitious "bank trading" program.  The complaint alleges that
          from December 1996 through October 1997 the defendants raised
          approximately $6.6 million from about 170 investors.

           The complaint alleges that the defendants represented to
          investors that their funds would be used for a secret "bank
          trading" program.  The defendants guaranteed investors a 100%
          return within 90 "banking days" from the time their funds were
          placed into the trading program.  They also represented to
          investors that their principal would be secured and that their
          investment was risk free.  There  was, however, no bank trading
          program.  Rather, the complaint alleges that the defendants
          misappropriated 87% of investor funds.  Among other things,
          Ronald used investor funds to purchase cars, guns, residential
          property, and to pay credit card and hotel bills.  Ronald also
          transferred a substantial amount of investor funds to the
          overseas account of a company with which he is affiliated.  In
          addition, a portion of investor funds was transferred to
          Linschoten.  These type of frauds are commonly referred to as
          "prime bank" schemes and have been the subject of repeated
          warnings by several federal agencies, including the Commission
          and the Board of Governors of the Federal Reserve System.

          The Commission's complaint alleges that investors learned of the
          investment program at off-shore seminars that were part of a
          retail and multi-stage marketing program run by Investors
          International Publishing, a company operated by Linschoten in
          Orange County.  The off-shore seminars were held in Aruba, on a
          cruise from Los Angeles to Ensenada, Mexico, and on cruises from
          Cape Canaveral to the Bahamas.  Defendant Ronald resides in
          England, Linschoten resides in Orange County, and Freitas resides
          in Koloa, Hawaii.  The investors reside in various states
          including California, Utah, Arizona, Nevada, Washington, Oregon,
          Hawaii, New York and New Jersey.  The complaint seeks an
          injunction and disgorgement with prejudgment interest against
          each of the defendants for violating Sections 5 and 17 (a) of the
          Securities Act of 1933 and Section 10(b) of the Securities
          Exchange Act of 1934 and Rule 10b-5 thereunder.