UNITED STATES OF AMERICA
                                      Before the
                          SECURITIES AND EXCHANGE COMMISSION


             SECURITIES ACT OF 1933
             Release No.  7604 / October 27, 1998

             ADMINISTRATIVE PROCEEDING
             File No.  3-9771

                                           )
             In the Matter of              )    ORDER INSTITUTING PUBLIC
                                           )    CEASE-AND-DESIST
                                           )     PROCEEDINGS PURSUANT TO
               IBJ Publications, Inc.,     )     SECTION 8A OF THE
                           Respondent.     )    SECURITIES ACT OF 1933,
                                           )    MAKING FINDINGS AND
                                           )    ORDERING RESPONDENT TO
                                                CEASE AND DESIST


                                             I.

                  The Commission deems it appropriate and in the public
             interest to institute cease-and-desist proceedings pursuant
             to Section 8A of the Securities Act of 1933 ("Securities
             Act") against IBJ Publications, Inc. ("IBJ Publications").

                  In anticipation of these proceedings, IBJ Publications
             has submitted an Offer of Settlement ("Offer") which the
             Commission has determined to accept.  Solely for the purpose
             of these proceedings and any other proceedings brought by or
             on behalf of the Commission, or to which the Commission is a
             party, and without admitting or denying the findings
             contained in this Order Instituting Public Cease-and-Desist
             Proceeding pursuant to Section 8A of the Securities Act,
             Making Findings and Ordering Respondent to Cease and Desist
             ("Order"), except as to the Commission's jurisdiction over
             IBJ Publications and the matters set forth in this Order,
             which is admitted, IBJ Publications consents to the entry of
             this Order.

                                         II.

                  Accordingly, IT IS HEREBY ORDERED THAT public cease-
             and-desist proceedings pursuant to Section 8A of the
             Securities Act be, and hereby, are, instituted.

                                         III.
                  On the basis of this Order and the Offer submitted by
             IBJ Publications, the Commission finds that:

                  Respondent

                  IBJ Publications, which is incorporated in the state of
             Florida, publishes an on-line and hard copy newsletter, the
             IBJ Observer, which has its Internet registration and
             offices in Clearwater, Florida.

                  Summary

                  A.   The IBJ Observer promotes BioGenetic Technologies,
             Inc., ("BioGenetic") which trades on the Toronto Stock
             Exchange-Canadian Dealers Network.  The IBJ Observer has
             published a variety of articles and press releases
             concerning BioGenetic.

                  B    In approximately March 1998, IBJ Publications and
             BioGenetic entered into a written contract in which IBJ
             Publications agreed to feature stories about BioGenetic in
             the newsletter for two years in exchange for 150,000 shares
             of BioGenetic stock.

                  C    IBJ Publications failed to specifically disclose
             in the IBJ Observer the compensation that was or is to be
             paid by BioGenetic and what amount was received.

                               Violations

                  D.    IBJ Publications has violated Section 17(b) of
             the Securities Act by promoting BioGenetic in return for
             150,000 shares of BioGenetic stock without properly
             disclosing the specific compensation that was received.

                                            IV.

                  Accordingly, IT IS ORDERED, pursuant to Section 8A of
             the Securities Act, that IBJ Publications cease and desist
             from committing or causing any violations, and any future
             violations, of Section 17(b) of the Securities Act.

                         By the Commission.




                                              Jonathan G. Katz,
                                              Secretary