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     UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Securities Exchange Act of 1934
Release No. 37741 / September 27, 1996

Administrative File No. 3-9112

IN THE MATTER OF REPUBLIC INTERNATIONAL CORPORATION

     The Commission has instituted public administrative
proceedings pursuant to Section 12(j) of the Securities Exchange
Act of 1934 against Republic International Corporation
("Republic"), a company whose common stock has been registered
pursuant to Section 12(g) of the Exchange Act since November 11,
1989.  The Commission's order alleges, among other things, that
since 1990 Republic has failed to file with the Commission
periodic reports required by Section 13(a) of the Exchange Act
and Rules 13a-1 and 13a-13 thereunder.

     A public hearing will be scheduled to determine whether the
allegations against Republic are true and, if so, what sanctions,
if any, are appropriate in the public interest with respect to
Republic.