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                SECURITIES AND EXCHANGE COMMISSION
                         Washington D.C.


Litigation Release No. 15011 / August 12, 1996

SECURITIES AND EXCHANGE COMMISSION v. RUFUS L. JACKSON and
KINGDOM INDUSTRIES CORPORATION d/b/a KINGDOM CORPORATION, 95 Civ.
8315 (LAK) (S.D.N.Y. Sept. 28, 1995)

The Securities and Exchange Commission announced today that on
July 30, 1996, the United States District Court for the Southern
District of New York entered final judgments of permanent
injunction and other relief by consent against Rufus L. Jackson
("Jackson"), former pastor of Zoe Tabernacle Church in the Bronx,
New York, and Kingdom Industries Corporation d/b/a Kingdom
Corporation ("Kingdom"), and ordered the entry of a final
judgment of disgorgement against  R.T.J. Enterprises of New York,
Inc. ("R.T.J.").  

In a complaint filed on September 28, 1995, the Commission
alleged that from in or about the Spring of 1991 to in or about
the Spring of 1993, Jackson and Kingdom -- through "success
seminars" promoted by Jackson at church services and on the Zoe
Tabernacle of Praise, a radio program broadcast throughout New
York City and northern New Jersey -- fraudulently induced at
least 145 people -- many of whom were members of Jackson's church
and radio ministry -- to invest a total of more than $300,000 in
Kingdom.  The Commission alleged that Jackson falsely promised
prospective investors that Kingdom would use their funds to buy
real estate, and that investors would earn returns of up to 60%
per year.  The Commission's complaint further alleged that
instead of purchasing real estate, Jackson misappropriated and
diverted in excess of $200,000 of investor funds to pay personal
expenses and the expenses of his church, and to invest in
businesses he owned or controlled.  The Commission alleged that
R.T.J., which operates a restaurant in lower Manhattan, received
a portion of the investor funds misappropriated by Jackson, and
named R.T.J. as a relief defendant.

Jackson and Kingdom each consented, without admitting or denying
the allegations contained in the Commission's complaint, to the
entry of final judgments (i) permanently enjoining Jackson and
Kingdom from violating the anti-fraud provisions of the federal
securities laws, Section 17(a) of the Securities Act of 1933
("Securities Act"), and Section 10(b) of the Securities Exchange
Act of 1934 ("Exchange Act") and Rule 10b-5; and (ii) ordering
Jackson and Kingdom to disgorge, jointly and severally,
$188,675.70 (representing $292,042 that allegedly was obtained
fraudulently from investors by Jackson and Kingdom, less
$103,366.30 already repaid to investors), plus prejudgment
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interest thereon in the amount of $56,585.50.  R.T.J. consented,
without admitting or denying the allegations contained in the
Commission's complaint, to the entry of a final judgment ordering
R.T.J. to disgorge, jointly and severally with Jackson and
Kingdom, $130,632 (representing the amount allegedly unlawfully
diverted to it by Jackson and Kingdom in furtherance of their
fraudulent scheme), plus prejudgment interest thereon in the
amount of $39,177.69.  

On the basis of Jackson's, Kingdom's, and R.T.J.'s sworn
representations and financial statements, the Commission has
agreed that the payment of prejudgment interest by each of them
will be 


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waived based on their demonstrated inability to pay.  For the
same reasons, the Court is not ordering Jackson and Kingdom to
pay civil penalties pursuant to Section 20(d) of the Securities
Act and Section 21(d) of the Exchange Act.

For further information see Litigation Release No. 14657.