UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15761 / May 29, 1998

     SECURITIES AND EXCHANGE COMMISSION v. ACCELERATED FUNDING MORTGAGE CORP.,
     LAUREN D. BAUMANN, BALI FINANCIAL, INC., and ODYSSEY FINANCIAL GROUP, INC.,
     3:98-CV-1190-D, USDC, ND/TX (Dallas Division)

          On May 27, 1998,  Judge Sidney A. Fitzwater, United States District
     Judge for the Northern District of Texas,  issued orders of preliminary
     injunction halting the fraudulent money raising efforts of Lauren D.
     Baumann and three companies with which she is associated.   The orders,
     which were agreed to by defendants, also continue an asset freeze granted
     by a temporary restraining order issued May 19, 1998 against the
     defendants, and relief defendants Balance Enterprises, L.L.C. and Balance
     Enterprises, J.V.  The orders further require the defendants to provide an
     accounting of all monies and other assets received from investors or from
     the other defendants, and orders them to return to identified accounts in
     the United States of America all monies and liquid assets in their names,
     or under their control, outside the Court s jurisdiction. Previously, on
     May 19, 1998, the Court appointed a receiver to take control of the
     defendants  assets for the benefit of investors. 

          In its complaint, the Commission alleged that the defendants violated
     Section 17(a) of the Securities Act of 1933 and Section 10(b) of the
     Securities Exchange Act of 1934, and Rule 10b-5 thereunder, in the offer
     and sale of promissory notes and investment contracts ostensibly secured by
     secondary deed of trust liens.  The complaint further alleged that
     investors were told their investments would earn phenomenal rates of return
     ranging from 101 to 273%, depending on the amount invested, and that their
     investment was  low risk.   The complaint also alleged that the defendants
     engaged in a  Ponzi  scheme whereby monies coming in from new investors
     were being used to pay purported high rates of return and/or return of
     principal and interest to prior investors.



















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