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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

LITIGATION RELEASE NO. 14695 / October 19, 1995

SECURITIES AND EXCHANGE COMMISSION v. SHREVEPORT WIRELESS CABLE
TELEVISION PARTNERSHIP, ET AL., Civil Action No. 94-1781
(HHG)(D.D.C. August 16, 1994).

     The Securities and Exchange Commission ("Commission") today
announced that on October 12, 1995, the Honorable Harold H.
Greene of the United States District Court for the District of
Columbia entered a final judgment against one of the eight
defendants named in the action, pursuant to its consent.  The 
settling defendant is Shreveport Wireless Cable Television
Partnership ("Shreveport Partnership").  The action continues
against the remaining seven defendants:  Complete Communications
Corporation ("Complete"), Joseph S. Steingold ("Steingold"),
Stuart Weingarden ("Weingarden"), Champion Communications
Corporation ("Champion"), B.R. Cable Corporation ("B.R. Cable"),
Samuel Abrams ("Abrams"), and Wireless Cable Television of
Shreveport Limited Liability Company ("Shreveport LLC"). 
Shreveport Partnership is located in North Palm Beach, Florida. 

     In its Amended Complaint filed on January 13, 1995, the
Commission alleged that all eight defendants had violated
Sections 5(a) and 5(c) of the Securities Act of 1933 ("Securities
Act") by offering and selling unregistered securities.  In
addition, the Commission alleged that five of the defendants,
including Shreveport Partnership, each violated Section 17(a) of
the Securities Act and Section 10(b) of the Securities Exchange
Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder, by making
untrue statements of material facts and by omitting to state
material facts in connection with the offer and sale of
unregistered securities.  

     The Commission specifically alleged in its Amended Complaint
that defendant Shreveport Partnership, with some of the other
defendants, had been engaged in a scheme to offer and sell
unregistered securities of Shreveport Partnership to investors
throughout the United States.  Shreveport Partnership purports to
be a general partnership established under the laws of Nevada to
acquire, own, operate and manage a wireless cable television
system in the Shreveport, Louisiana area.  
 
     The Amended Complaint also alleged that defendants
Steingold, Shreveport Partnership, Complete, Abrams, and
Shreveport LLC had attempted to raise over $12.5 million through
the nationwide sale of 840 Shreveport Partnership units and did
raise approximately $11.3 million from such sales.  In the offer
and sale of the unregistered securities of Shreveport
Partnership, defendants Steingold, Shreveport Partnership, and
Complete were alleged to have made material misrepresentations
and omitted to state material facts necessary to make the
statements made, in light of the circumstances under which they
were made, not misleading, concerning, among other things, the
returns on an investment in the units, the value of the wireless
cable television system, and risks associated with an investment
in the units.

     On August 19, 1994, the Court ordered Shreveport Partnership
and Complete to suspend any further sales of units in Shreveport
Partnership pending the Court's determination of the Commission's
request for a preliminary injunction.  Subsequently, on September

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7, 1994, the Court approved a stipulated order ordering
Shreveport Partnership and Complete to cease and desist from,
directly or indirectly, offering or selling units in Shreveport
Partnership.

     The final judgment entered against Shreveport Partnership 
contains all of the permanent injunctive relief requested in the
complaint.  Specifically, Shreveport Partnership is enjoined
permanently from violating Sections 5(a), 5(c) and 17(a) of the
Securities Act and Section 10(b) of the Exchange Act, and Rule
10b-5 thereunder.  

     The prior releases dealing with this matter are Litigation
Release Nos. 14195 (August 17, 1994) and 14383 (January 18,
1995).