UNITED STATES SECURITIES AND EXCHANGE COMMISSION

          LITIGATION RELEASE NO  15883 / September 16, 1998

          UNITED  STATES  v.  TEDDY  WAYNE  SOLOMON AND LISA DEBRA STEVENS,
          3:98-CR-299-X, USDC, ND/TX (Dallas Division)

               On  September  10, 1998, a federal  grand  jury  in  Dallas,
          Texas,   returned  an indictment  charging  Teddy  Wayne  Solomon
          ("Solomon")   and Lisa  Debra  Stevens  ("Stevens")   with  three
          counts of wire  fraud  in connection with their offer and sale of
          fictitious  "Prime  Bank  Instrument"   trading   programs.   The
          indictment  alleges  that Solomon and Stevens falsely represented
          themselves  to  potential   investors   as   agents  for  foreign
          securities  traders  who were trading in large denomination  debt
          instruments allegedly issued by "one of the top 25 world banks."

               As  part  of their  scheme,  according  to  the  indictment,
          Solomon and Stevens  told  investors, among other things, that an
          investment  in  the  trading  programs   would   generate  "safe,
          guaranteed" returns of as much as 4,300% annually  and  that  the
          programs  were  secured by U. S. Government securities.  In fact,
          the indictment states that the trading programs were no more than
          a "ponzi" scheme,  whereby new investors' contributions were used
          in part to refund some  portion  of  prior  investors' principal,
          while a substantial portion of the new funds were diverted to the
          personal use of Solomon and Stevens.

               The  indictment  comes  one  day after Solomon  and  Stevens
          agreed to be permanently enjoined from  future  violations of the
          federal  securities  laws  in  a  civil  action  brought  by  the
          Securities and Exchange Commission which was based  on  the  same
          activities alleged in the indictment.