U.S. SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No. 15713 / April 21, 1998

          SECURITIES AND EXCHANGE COMMISSION v. KS RESOURCES, ET AL.
          Civil Action No. 95-8608 WDK (AJWx) (C.D. Cal.)

               The Securities and Exchange Commission ("Commission")
          announced that on April 3, 1998, it completed a settlement with
          Jamie B. Seigel.  As part of the settlement, Mrs. Seigel paid
          $458,960.88 to the court appointed receiver for defendants KS
          Resources, Weststar Exploration, Inc., and affiliated entities.
          The Honorable William D. Keller, United States District Court
          Judge for the Central District of California, dismissed the
          Commission's action against Mrs. Seigel at the request of the
          parties.

               The Commission alleged in a 1995 complaint that KS
          Resources, Weststar Exploration, Lazar Frederick & Company, Mark
          D. Seigel, Alexander L. Kahan, John K. Judd, Jr. and Betty A.
          Rubin sold unregistered securities and defrauded investors in 29
          oil and gas limited partnerships from May 1993 through December
          1995.  These defendants raised approximately $34,934,000 from at
          least 2,000 investors.  The Commission did not assert any
          violation of the federal securities laws by Jamie B. Seigel, a
          sister in law of Mark D. Seigel, but alleged that she received
          proceeds of the fraud from defendants KS Resources and Weststar
          Exploration.