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             U.S. SECURITIES AND EXCHANGE COMMISSION

Securities Exchange Act of 1934
Release No. 37898 / October 31, 1996

Administrative Proceedings File No. 3-9178

ADMINISTRATIVE PROCEEDINGS ORDERED AGAINST PETER C. TOSTO

     The Commission has ordered public administrative proceedings

pursuant to Sections 15(b) and 19(h) of the Securities Exchange

Act of 1934 (Exchange Act) against Peter C. Tosto of New York,

New York.  The Order Instituting Proceedings alleges that Tosto

was permanently enjoined by consent on July 1, 1996 by the United

States District Court for the District of Colorado in SEC v.

Balance for Life, Inc., 95-D-2471.  The Court's order enjoined

him from future violations of the securities registration

provisions of Section 5(a) and (c) of the Securities Act of 1933

(Securities Act), the anti-fraud provisions of Section 17(a) of

the Securities Act and Section 10(b) of the Exchange Act and Rule

10b-5 thereunder, and the broker-dealer registration provisions

of Section 15(a)(1) of the Exchange Act.  The complaint alleged

that Mr. Tosto's conduct related to the offer and sale of the

securities of Balance for Life, Inc. during 1991 and 1992.  

     A hearing will be scheduled to take evidence on the staff's

allegations and to afford Mr. Tosto an opportunity to present any

defenses thereto.  The purpose of the hearing is to determine

whether the allegations are true and whether any remedial action

should be ordered by the Commission.