UNITED STATES SECURITIES AND EXCHANGE COMMISSION


     Litigation Release No. 15206A / May 14, 1997
     Accounting and Auditing Enforcement Release No.868A

     SECURITIES AND EXCHANGE COMMISSION v. MATTHEW E. KLENOVIC, THOMAS R.
     YEARMS, and CHRISTOPHER P. VELTMANN, United States District Court for the
     Middle District of Florida, No. 94-909-Civ-T-23E      

          The litigation release issued on January 6, 1997, announcing a
     settlement with the three defendants in this matter, should have indicated
     that each of the defendants consented to settlement of the litigation
     without admitting or denying the allegations contained in the Commission's
     complaint.






































                              ======END OF PAGE 1======