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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 15207 / January 6, 1997  

SECURITIES AND EXCHANGE COMMISSION V. CECIL H. SUTER, U.S.
District Court for the Northern District of Illinois, Civil
Action No. 96-8449 (N.D. Ill. December 23, 1996)

     The Securities and Exchange Commission ("Commission") today
announced the filing of a Complaint in the United States District
Court for the Northern District of Illinois, alleging insider
trading in the securities of I.I.S. Intelligent Information
Systems Ltd. ("IIS") by Cecil H. Suter ("Suter"), a director of
IIS. 

      Simultaneously with the filing of the Complaint, and
without admitting or denying the allegations made against him,
Suter consented to the entry of an Order of Permanent Injunction,
Civil Penalties and Other Equitable Relief ("Order").  The Order
permanently enjoins Suter from future violations of the antifraud
and insider trading reporting provisions of the federal
securities laws (Section 17(a) of the Securities Act of 1933,
Sections 10(b) and 16(a) of the Securities Exchange Act of 1934
and Rules 10b-5, 16a-2 and 16a-3 thereunder).  The Order also
requires Suter to disgorge his illegal profits of $79,875.00 plus
prejudgment interest and to pay a civil penalty of $79,875.00
pursuant to Section 21A of the Exchange Act.

     The Complaint alleges that Suter avoided a loss of
$79,875.00 by selling 9,000 shares of IIS stock on the basis of
inside information regarding IIS' low fourth quarter 1993
earnings.  The Complaint alleges that by Friday, February 25,
1994, Suter knew IIS' quarterly earnings would be disappointing;
that Suter nevertheless entered limit orders on that day to sell
9,000 shares of IIS stock at $18.75 per share; that on Monday,
February 28, 1994, while Suter was in Israel to attend an IIS
Board of Directors meeting regarding the quarterly earnings, he
changed the price specification on his limit orders to $18.50 per
share; and that Suter's IIS sell orders were executed at $18.50
per share on Tuesday, March 1, 1994, the day of the Board
meeting.  The Complaint alleges that Suter did not disclose to
the Commission his sale of the IIS stock. 

     When IIS publicly announced its low fourth quarter 1993
earnings on March 7, 1994, its stock dropped substantially and
closed at $9 5/8.