==========================================START OF PAGE 1======

                SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 14931 / June 5, 1996   

SEC v. Rand Instrument Corporation, Alan E. Rand, Cathleen M.
Kane, Gary L. Kane, Michael J. Fousse, Kevin Sakser, Alan
Whiteside, and Joshua A. Alvarez (N.D. Ga., Civil Action No.
1:94-CV-2539-GET)

     The Securities and Exchange Commission announced that on
August 8, 1995, the Honorable G. Ernest Tidwell, United States
District Judge for the Northern District of Georgia, entered
separate orders of permanent injunction, against Cathleen M. Kane
("C. Kane"), Gary L. Kane ("G. Kane"), Kevin Sakser ("Sakser"),
Alan Whiteside ("Whiteside"), and Joshua A. Alvarez ("Alvarez")
from violating Section 5 and Section 17(a) of the Securities Act
of 1933, and Section 15(a)(1) and Section 10(b) of the Securities
Exchange Act of 1934 and Rule 10b-5 thereunder.

     Each defendant consented to the relief without admitting or
denying the allegations set forth in a complaint previously filed
by the Commission on September 23, 1994.  The Court further
ordered the defendants to pay disgorgement representing the
amount of the proceeds each person received from sales of Rand
Instrument Corporation stock, including pre-judgment interest, as
follows:  C. Kane was ordered to pay $68,000; G. Kane was ordered
to pay $58,000; Sakser was ordered to pay $24,479; Whiteside was
ordered to pay $44,500; and Alvarez was ordered to pay $15,000. 
The Court waived payment of the disgorgement and pre-judgment
interest for each defendant and declined to impose civil
penalties based upon sworn representations by each of the five
defendants concerning his inability to pay said amounts.

     In its complaint, the Commission alleged that the defendants
violated the registration, antifraud and broker-dealer
registration requirements of the federal securities laws in the
offering of common stock.  Rand Instrument Corporation ("RIC")
was purportedly in the business of developing and selling night
vision equipment for military applications to foreign governments
and to the United States government.  Alan Rand claimed to be the
inventor of the night vision equipment.  C. Kane was employed by
the Rand Instrument Corporation as the vice president of
investment and she was in charge of hiring and supervising the
sales force for the corporation.  The other four defendants
worked at Rand Corporation as assistance vice presidents and made
up the sales force.