SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.

             LITIGATION RELEASE NO.  16114 /   April  21, 1999

             SECURITIES AND EXCHANGE COMMISSION v. RANDOLPH W. LENZ,
             Civil Action No. 1:99CV00990 (HHK), (D.D.C.) (filed April
             21, 1999)

                  On April 21, 1999, the Commission filed a settled
             complaint in the United States District Court for the
             District of Columbia against Randolph W. Lenz, a former
             officer of Terex Corporation and the former Chairman of the
             Board of Directors of Fruehauf Trailer Corporation and CBC
             Bancorp, alleging violations of the beneficial ownership
             reporting provisions of the Securities Exchange Act of 1934.
             The complaint alleges that, in connection with his
             beneficial ownership of the equity securities of Terex,
             Fruehauf and CBC, Lenz violated Sections 13(d), 13(g) and
             16(a) of the Securities Exchange Act of 1934 and Rules 13d-
             1, 13d-2, 16a-2, 16a-3 and former Rule 16a-1 thereunder by
             failing to timely file twenty-seven amendments to Schedules
             13D and 13G, and by failing to timely file twenty-six Forms
             3, 4 and 5 in transactions worth approximately $20.6
             million.  Without admitting or denying the allegations in
             the complaint, Lenz consented to the entry of a final
             judgment imposing a $58,000 penalty.  The shares of Terex
             are traded on the New York Stock Exchange.  Fruehauf’s stock
             traded on the New York Stock Exchange until it was delisted
             on October 25, 1996, and CBC’s stock traded on the NASDAQ
             Small-Cap Market until it was delisted on June 22, 1995.

                  In a related matter, the Commission issued an
             administrative Order pursuant to Section 21C of the Exchange
             Act finding that Lenz violated the provisions of the
             Exchange Act as set forth above.  Without admitting or
             denying the allegations in the Commission’s Order, Lenz
             consented to the entry of the Order requiring him to cease
             and desist from committing or causing any violations or any
             future violations of the beneficial ownership reporting
             provisions of the Exchange Act cited above.