UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 14793 / January 24, 1996

SEC V. FRANK S. BUTLER Civil Action No. 94-1079-ORL-22

     The Securities  and  Exchange Commission  announced that  on
January 8,  1996, the  United States  District Court  in Orlando,
Florida  issued a  permanent injunction  against Frank  S. Butler
("Butler")  that  prohibits  him from  violating  the  anti-fraud
provisions of the federal securities laws.  Butler allegedly made
misrepresentations to investors in  a small Orlando cable company
that resulted in losses  of over $900,000.  Butler  was president
of Alpine Cable, Inc.  ("Alpine").  Alpine was in the business of
installing and  maintaining television cable equipment  in hotels
and  other commercial  enterprises.   Butler  allegedly defrauded
fifty-two individual investors  in at least three  states when he
misrepresented that  Alpine had  entered into new  agreements and
joint ventures with ATT  and other well known companies  when, in
fact,   Alpine  was   insolvent  and   not  meeting   its  credit
obligations, including federal payroll taxes.

     In  addition to  enjoining  Butler from  violating  Sections
10(b) of  the Exchange Act and  17(a) of the  Securities Act, the
court  ordered  Butler to  provide an  accounting  of all  of the
proceeds of  his activities,  and retained jurisdiction  to order
repayment of investor's funds.