UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No. 15755 / May 22, 1998


     SECURITIES AND EXCHANGE COMMISSION v. BRUCE K. BAUMANN, 
     SACV-98-438 AHS (EEx ) (C.D. Cal.).

     The Commission announced that on May 21, 1998, it filed and settled an
     action in United States District Court against Bruce K. Baumann (Baumann). 
     Baumann was a sales agent with Affordable Prepaid Cellular, Inc. (APC), an
     entity which was previously enjoined by the Commission for the fraudulent
     sale of securities in its  prepaid cellular  telephone business.  The
     Commission s complaint alleges that Baumann, a resident of San Clemente,
     California, fradulently offered and sold APC s securities to investors in
     several states.  The complaint further alleges that Baumann made numerous
     material misrepresentations in his offer and sale of securities, including
     misrepresenting the use of investor funds, the risk of investment, and the
     identity of the control person of APC, whom Baumann knew to be using an
     alias and who was a recidivist securities violator.  Baumann also acted as
     an unregistered broker or dealer in selling the securities.

     Baumann consented, without admitting or denying the Commission's
     allegations, to the entry of a permanent injunction against him, and agreed
     to pay $12,000 in disgorgement, with all but $4,300 waived, and no civil
     penalties assessed, based on his demonstrated inability to pay.




















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