SECURITIES AND EXCHANGE COMMISSION
                                   WASHINGTON, D.C.


          LITIGATION RELEASE NO.  15945 / October 26, 1998

          SECURITIES AND EXCHANGE COMMISSION v. KENTON CAPITAL, LTD., et
          al., Civ. Action No. 95-0829 (CKK) (D.D.C., filed May 3, 1995).

          COURT ENTERS FINAL JUDGMENT AGAINST KENTON CAPITAL, LTD. AND
          DONALD WALLACE IN PRIME BANK FRAUD AND ORDERS WALLACE TO PAY A
          $1.2 MILLION PENALTY

               The Securities and Exchange Commission announced that on
          September 30, 1998, Judge Colleen Kollar-Kotelly of the United
          States District Court for the District of Columbia granted the
          Commission's Motion for Summary Judgment and permanently enjoined
          Kenton Capital, Ltd. and Donald C. Wallace from further fraud and
          registration violations under the federal securities laws.  The
          Court found that Wallace, in conjunction with other promoters,
          solicited investors to invest in certain "bank instrument"
          trading programs offered by Kenton Capital, Ltd., falsely
          projecting to investors annual returns on these trading programs
          ranging from 34,200% to over 1,200,000%.

               The Court's order requires Wallace to pay a civil monetary
          penalty of $1.2 million.   The Court also requires Kenton and
          Wallace to disgorge, jointly and severally with all other
          defendants, $1,745,000, all but $264,245.10 of which previously
          has been paid.  On October 13, 1998, the Court also ordered
          Kenton and Wallace to pay $86,665.83  in prejudgment interest.

               Pursuant to the Court's order, Kenton and Wallace are
          permanently enjoined from future violations of Sections 5(a),
          5(c) and 17(a) of the Securities Act of 1933, Sections 10(b) and
          15(a) of the Securities Exchange Act of 1934 and Rule 10b-5
          thereunder, and Section 203(a) of the Investment Advisers Act of
          1940.

               Earlier in the case, on May 3, 1995, the Court issued a
          temporary restraining order and an asset freeze in this action.
          (See Lit. Rel. No. 14490, May 4, 1995).  The Court also issued a
          preliminary injunction on June 23, 1995.  (See Lit. Rel. No.
          14544, June 26, 1995).  On July 18, 1996, the Court entered a
          Final Judgment of Permanent Injunction against Joseph Silvestri
          and a Final Judgment of Disgorgement against Charles Smith and
          Atlantic Pacific Guarantee Corporation.  (See Lit. Rel. No.
          14999, August 5, 1996).  On October 17, 1996, the Court entered a
          Final Judgment of Permanent Injunction and Other Equitable Relief
          against Harry Watson, Tracy French and Deltaur Partners.  (See
          Lit. Rel. No. 15135, October 24, 1996).  On February 25, 1997,
          the Court entered a Final Judgment of Permanent Injunction and
          Other Equitable Relief against Terry Plack.  (See Lit. Rel. No.
          15299, March 18, 1997). On March 25, 1997, the Court granted the
          Commission's Motion for Summary Judgment of Permanent Injunction
          and Other Relief against Jeffrey E. Carter.  (See Lit. Rel. No.
          15340, April 18, 1997).  On November 6, 1997, the Court entered
          an order holding Charles Smith in civil contempt.  (See Lit. Rel.
          No. 15560, November 14, 1997).