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


         UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Litigation Release No. 15050 / September 17, 1996


SEC v. RANDY, ET AL., No. 94-C-5902 (N.D. Ill.)

     The Commission announced that on August 29, 1996, it filed a
Motion for an Order to Show Cause Why Defendants Sylvester,
Krueger and Hawver Should Not be Held in Contempt for Failing to
Obey a Court Order in the United States District Court for the
Northern District of Illinois against H. Ralph Sylvester, Donald
R. Krueger and John C. Hawver for refusing to pay $4,170 each in
fees and costs to the Commission as ordered by the court on
August 7, 1996.  On September 11, 1996, the court directed the
Sylvester and Krueger to appear on October 2, 1996, to show cause
why they should not be held in civil contempt of court.  Hawver
has agreed to pay the fees and costs as directed by the court.