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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

LITIGATION RELEASE NO. 14727 / November 24, 1995                
  
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SECURITIES AND EXCHANGE COMMISSION v. DONALD J. BAINTON AND JOHN
R. CURTIN, 94 Civ. 0439 (MP) 

     The Securities and Exchange Commission (the "Commission")
announced that on November 15, 1995, the Honorable Milton
Pollack, of the United States District Court for the Southern
District of New York, ordered the entry of final consent
judgments of permanent injunction and other equitable relief
against Donald J. Bainton ("Bainton") and John R. Curtin
("Curtin").  In a complaint filed on January 18, 1994, the
Commission alleged that Bainton, the president and chief
executive officer of Continental Can Company, Inc., formerly
known as Viatech, Inc., communicated material, nonpublic
information relating to a negative earnings announcement to be
made by Viatech to his long time friend, Curtin.  Curtin was
alleged to have sold Viatech securities while in possession of
this information.  


     Curtin, who is president of WWF International, Inc., a
private paper trading company in Greenwich, Connecticut,
consented to the entry of a final judgment permanently enjoining
him from violating Section 17(a) of the Securities Act of 1933
and Section 10(b) of the Securities Exchange Act of 1934
("Exchange Act") and Rule 10b-5 thereunder, without admitting or
denying the allegations contained in the Commission's complaint. 
The final judgment orders Curtin to pay $49,084.23 in
disgorgement, prejudgment and post-judgment interest, and a civil
penalty under the Insider Trading and Securities Fraud
Enforcement Act of 1988 ("ITSFEA") of $39,607.50, which includes
post-judgment interest.

     Bainton consented to the entry of a final judgment
permanently enjoining him from violating Section 10(b) of the
Exchange Act and Rule 10b-5 thereunder, without admitting or
denying the allegations contained in the Commission's complaint. 
Bainton consented to the entry of the final judgment following
the start of the trial in this matter, which began on November
14, 1995.  The final judgment orders Bainton to pay a civil
penalty of $30,000 under the ITSFEA.

(See Litigation Release No. 13949 for a further description of
the allegations contained in the Commission's complaint.)