-------------------- BEGINNING OF PAGE #1 -------------------

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 14758 / December 14, 1995

SECURITIES AND EXCHANGE COMMISSION v. GLENN A. SCHUSTER, et al.
H-92-3598, USDC SD/TX [Houston Division]

     The Securities and Exchange Commission ("Commission")
announced that on December 13, 1995, a Final Judgment by Summary
Adjudication was entered in United States District Court,
Houston, Texas, against Glenn A. Schuster ("Schuster"),
permanently enjoining him from future violations of the antifraud
provisions of the federal securities laws. The Commission's
complaint, filed November 23, 1992, alleged that Schuster, a
penny stock promoter, participated in a scheme involving the
unlawful public offering of the securities of Bancus Richmond,
Inc., ("Bancus"), and the subsequent distribution and
manipulation of the company's shares in the over-the-counter
market. The Final Judgment also orders Schuster to disgorge
$748,027.49, comprised of $470,624.59, which represents the
proceeds received from his unlawful sales of Bancus securities,
plus $277,402.90 in prejudgment interest.