UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No.    15765  /  June 3, 1998

     SECURITIES AND EXCHANGE COMMISSION V. BHARAT KOTECHA and ARNON ISAACSON,
     Civil Action No. 1: 98-CV-1576  (N.D.Ga.)

          The Securities and Exchange Commission announced that a complaint for
     injunctive and other relief was filed by the Commission on June 3, 1998, in
     the United States District Court for the Northern District of Georgia
     against defendants Bharat Kotecha ( Kotecha ) and Arnon Isaacson
     ( Isaacson ),  former employees of  The Home Depot, Inc. ( Home Depot ), an
     Atlanta-based chain of home improvement and building supply stores.  The
     complaint seeks to permanently enjoin Kotecha from further violations of
     Section 17(a) of the Securities Act of 1933 and to permanently enjoin both
     Kotecha and Isaacson from further violations of Section 10(b) of the
     Securities Exchange Act of 1934 and Rule 10b-5 thereunder.  The Commission
     also seeks disgorgement of all gains enjoyed and all losses improperly
     avoided by Kotecha and Isaacson and by those persons to whom the defendants
     conveyed material nonpublic information acquired from Home Depot,
     prejudgment interest thereon, and civil penalties pursuant  to the Insider
     Trading Sanctions Act of 1984.  

          The Commission's complaint alleges that, during April and May of 1995,
     while employed in Home Depot's accounting department, Kotecha and Isaacson
     learned that the company's financial performance during the first quarter
     of its 1995 fiscal year would be disappointing.  Using the information they
     received in the course of their work, the defendants opened and closed
     positions in call and put options on Home Depot's stock shortly before the
     company's  public announcement about its disappointing  first quarter
     earnings on May 16, 1995.  In addition, Isaacson tipped his father and
     brother, who also used the information to open and close positions in put
     options on Home Depot's stock during the same time period.  Through his
     trading on confidential information, Kotecha realized gains and avoided
     losses in the amount of $47,312.50.  Isaacson, his father and his brother
     realized gains of $23,650 from trading prior to Home Depot's public
     announcement.















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