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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 14930 / June 4, 1996    

SEC v. Rand Instrument Corporation, Alan E. Rand, Cathleen M.
Kane, Gary L. Kane, Michael J. Fousse, Kevin Sakser, Alan
Whiteside, and Joshua A. Alvarez                                 

               (N.D. Ga., Civil Action No. 1:94-CV-2539-GET)

     The Securities and Exchange Commission announced that on
February 22, 1996, the Honorable G. Ernest Tidwell, United States
District Judge for the Northern District of Georgia, entered an
order of permanent injunction, enjoining Michael J. Fousse
("Fousse") from violating Section 5 and Section 17(a) of the
Securities Act of 1933, and Section 15(a)(1) and Section 10(b) of
the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.

     The defendant consented to the relief without admitting or
denying the allegations set forth in a complaint previously filed
by the Commission on September 23, 1994.  The Court further
ordered Fousse to pay disgorgement in the amount of $37,200,
representing the amount of the proceeds he received from sales of
Rand Instrument Corporation stock, including pre-judgment
interest.  The Court waived payment of the disgorgement and pre-
judgment interest and declined to impose civil penalties based
upon sworn representations by Fousse concerning his inability to
pay said amounts.

     In its complaint, the Commission alleged that the defendants
violated the registration, antifraud and broker-dealer
registration requirements of the federal securities laws in the
offering of common stock.  Rand Instrument Corporation ("RIC")
was purportedly in the business of developing and selling night
vision equipment for military applications to foreign governments
and to the United States government.  Alan Rand claimed to be the
inventor of the night vision equipment.  Fousse worked at RIC as
assistant vice president of investment from October 1992 until
the middle of 1993.