SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.

          SECURITIES EXCHANGE ACT OF 1934
          RELEASE NO. 39278 / October 27, 1997

               The  Securities  and  Exchange  Commission today ordered the
          temporary suspension, pursuant to Section 12(k) of the Securities
          Exchange  Act  of  1934  ("Exchange  Act"),  of  trading  in  the
          securities  of  Great  Northern  Finance  Corporation   ("GNFL"),
          beginning at 9:00 a.m. EST on October 27, 1997 and concluding  at
          11:59  p.m.  EST on November 7, 1997.  GNFL is located in Denver,
          Colorado, and  holds  itself out as a corporation in the business
          of lending funds to borrowers  in specific niche markets.  GNFL's
          present market capitalization is approximately $10 million.

               The Commission ordered this  trading  suspension  because of
          questions  raised  as  to  the adequacy and accuracy of publicly-
          disseminated information concerning,  among  other  things:   (1)
          arrangements,   understandings   or  agreements  to  artificially
          control the market for GNFL's securities;  (2)  the  ownership of
          GNFL's  securities;  (3) the status of a proposed acquisition  of
          Lazer-Tek Designs, Inc.  by  GNFL;  (4) the business prospects of
          Lazer-Tek;  and  (5)  the  business  prospects   of   GNFL.   The
          Commission determined that the public interest and the protection
          of investors requires a suspension of trading in GNFL securities.

               The  Commission  cautions broker-dealers, shareholders,  and
          prospective purchasers  that  they  should carefully consider the
          foregoing information along with all  other  currently  available
          information  and  any  information  subsequently  issued  by  the
          company.

               Further,  brokers  and  dealers  should be alert to the fact
          that, pursuant to Rule 15c2-11 under the  Exchange  Act,  at  the
          termination  of  the  trading  suspension,  no  quotation  may be
          entered unless and until they have strictly complied with all  of
          the  provisions  of  the  rule.   If any broker or dealer has any
          questions as to whether or not he has  complied with the rule, he
          should not enter any quotation but immediately  contact the staff
          of the Securities and Exchange Commission in Washington, D.C.  If
          any broker or dealer is uncertain as to what is required  by Rule
          15c2-11,  he should refrain from entering quotations relating  to
          GNFL's securities  until such time as he has familiarized himself
          with the rule and is certain that all of its provisions have been
          met.  If any broker  or  dealer  enters any quotation which is in
          violation of the rule, the Commission  will consider the need for
          prompt enforcement action.