FOR IMMEDIATE RELEASE 98-44 Washington, DC, May 4, 1998 SEC, OCC, and NASDR to Announce Significant Enforcement Action What: The Securities and Exchange Commission, the Office of the Comptroller of the Currency, and the NASDR will conduct a news conference to announce a significant enforcement action. When: TODAY!! Monday, May 4, 1998; 11:00 a.m. Where:Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC, Room 1C30 Teleconference: Call: 212.346.0368 Participants: Arthur Levitt, Chairman, Securities and Exchange Commission Julie Williams, Acting Comptroller, Office of the Comptroller of the Currency Mary Schapiro, President, NASDR Richard Walker, Director Designate, Division of Enforcement, Securities and Exchange Commission # # #