SECURITIES AND EXCHANGE COMMISSION

     Securities Act of 1933 
     Release No.  7447 / September 5, 1997

     Securities Exchange Act of 1934 
     Release No. 39023 / September 5, 1997

     Administrative Proceeding File No. 3-9391

     IN THE MATTER OF LLOYD JOHN NEWTON

     The United States Securities and Exchange Commission has instituted an
     administrative proceeding against Lloyd John Newton of Evergreen, Colorado
     pursuant to Section 8A of the Securities Act of 1933 and Sections 15(b),
     19(h), and 21C of the Securities Exchange Act of 1934.  The Commission is
     seeking an Order against Mr. Newton requiring him to cease and desist from
     violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and
     Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
     thereunder, to disgorge ill-gotten gains, plus interest, and to pay civil
     penalties, due to his actions in offering and selling securities in
     Interlink Data Network of Los Angeles, Interlink Fiber Optic Partners, and
     Interlink Video Phone Partners.  The Interlink entities were promoted as
     installers and sellers of video phones as well as transmitters and switches
     of the video phone signals using fiber optic cables installed by the
     Interlink entities.  

     The Division of Enforcement of the Commission alleges that Mr. Newton
     participated in the fraudulent sale of unregistered securities in the
     Interlink companies and partnerships.  Some of the materially false and
     misleading misrepresentations made by Mr. Newton related to Interlink
     Data s alleged ownership of proprietary fiber optic technology, its
     supposed installation of fiber optic cable, the imminent public trading of
     its common stock, the use of the investor s proceeds, and the promised
     return on the investments.  Mr.  Nelson also caused investors to falsely
     certify their net worth and income in order to attempt to exempt the
     Interlink securities from the Commission s requirements that the securities
     be registered with the Commission.

     The Division alleges that Mr. Newton sold over $700,000 of Interlink
     securities to over 40 investors while he was associated with Interlink and
     Portfolio Asset Management, a broker-dealer used by Interlink.  He was a
     team leader and participated in public meetings and a trade show held for
     potential investors.  Mr. Newton allegedly solicited unaccredited and
     unqualified investors nationwide through unsolicited telephone calls and
     leads developed from cable television and radio advertisements and
     nationwide distribution of  promotional videos and pamphlets.

     A public hearing will be held to take evidence on the issues and to
     determine the relief to be granted against Mr. Newton.   



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