UNITED STATES SECURITIES AND EXCHANGE COMMISSION


          Litigation Release No.  15853 / August 18, 1998


          The  Securities  and Exchange Commission ("Commission") announced
          today that Judge Jack T. Camp of the United States District Court
          for  the  Northern  District  of  Georgia  entered  an  Order  of
          Preliminary Injunction  and  Other  Relief against Clarence Wayne
          Cook ("Cook"), Brian E. Causey ("Causey"), Haven Quest and Cayman
          South  International,  Inc.  ("Cayman").    The  four  defendants
          consented  to  the  entry  of  preliminary  injunctions   without
          admitting   or   denying  the  allegations  of  the  Commission's
          complaint.  The complaint alleges that defendants Cook and Causey
          used  their  controlled   entities  Haven  Quest  and  Cayman  to
          orchestrate  a  prime  bank offer  and  sale  of  investments  in
          fraudulent international trading program using misrepresentations
          and omissions of fact to investors and agents.

          The  Commission's  complaint   alleges   that   Cook  and  Causey
          individually  and through  Haven Quest and Cayman,  effected  the
          scheme by falsely  promoting  the  purported  trading programs as
          legitimate, virtually no-risk investments with  projected returns
          of 900% in 20 weeks for the Cayman program and up  to  500%  over
          ten  months for the Haven Quest program, when the programs touted
          were non-existent  and  they  had  no  reasonable  basis for such
          projections.   Cook and Causey falsely represented that  investor
          funds would be secured  by  bank  certificates  of  deposit,  and
          failed to disclose that Haven Quest would pay at least 20% of all
          investor  funds  directly  to themselves as purported commissions
          pursuant to undisclosed agreements  with  Haven  Quest.  Cook and
          Causey also failed to disclose that $430,000 of funds raised from
          Haven  Quest investors would be used to refund monies  to  Cayman
          program  investors  when  the  Cayman  program  failed  due to an
          unsuccessful  "trade."  The complaint further alleges that  while
          continuing their scheme,  the  defendants  conducted offerings by
          use  of  the mails and other channels in interstate  commerce  to
          sell at least  $3  million  in securities in the Cayman and Haven
          Quest programs to investors throughout the country.
          See also:  L.R. 15836 (August 8, 1998).