FOR IMMEDIATE RELEASE                                  98-116


Washington, DC, October 27, 1998


             News Conference to Announce First-Ever
        Nationwide Crackdown on Internet Securities Fraud

What:   News conference to announce enforcement actions
        resulting from first-ever nationwide crackdown on Internet
        securities fraud.

Who:    Richard Walker, Director, SEC Division of Enforcement

When:   Wednesday, October 28, 1998, 10:30 a.m. EDT

Where:  Securities and Exchange Commission, 450 Fifth Street, NW,
        Washington, DC,
        William O. Douglas Room

Teleconference:     Call (202) 942-0020 to receive the
                    teleconference call-in number.


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