FOR IMMEDIATE RELEASE                       98-123


Washington, D.C., November 20, 1998

        News Conference to Announce Pay-to-Play Cases
                              
What:     The Office of the United States Attorney for the
Northern District of Florida and   the Securities and
Exchange Commission's Division of Enforcement are holding a
joint news conference to announce pay-to-play cases.

Who: Michael Patterson, United States Attorney, Northern
District of Florida
     Kathleen Hamm, Assistant Director, SEC Division of
Enforcement

When:     Monday, November 23, 1998, 10:00 a.m., Central
Time

Where:    Office of the United States Attorney, Northern
District of Florida
     114 East Gregory Street
     Pensacola, Florida

Please contact Gayle Kinsley at (850) 434-3251 for more
information.

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