UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No. 15444 / August 15, 1997

     SECURITIES AND EXCHANGE COMMISSION V. DHIREIN PATEL, U.S. District Court
     for the Eastern District of Michigan, Civil Action No. 97-CV-74151 (E.D.
     Mich. August 13, 1997)

          The Securities and Exchange Commission announced that on August 13,
     1997, it filed a Complaint for Permanent Injunction in the United States
     District Court for the Eastern District of Michigan against Dhirein Patel,
     a resident of Troy, Michigan.  The Complaint alleges that Patel, while
     employed at CUC International, Inc., a company based in Stamford,
     Connecticut, engaged in trading of stock in Advance Ross Corporation while
     in possession of material, nonpublic information concerning CUC's proposed
     acquisition of Advance Ross.  Advance Ross was formerly a publicly-held
     company based in Chicago, Illinois and is now wholly-owned by CUC.

          Patel has consented, without admitting or denying the allegations in
     the Complaint, to the entry of Final Judgment and Order of Permanent
     Injunction which will enjoin him from future violations of Section 10(b) of
     the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.  The Final
     Judgment will also require Patel to disgorge his profits of $10,390 plus
     prejudgment interest and to pay a civil penalty of $10,390 pursuant to
     Section 21A of the Exchange Act.

          In its Complaint, the Commission alleges that in late September or
     early October of 1995, Patel, who was CUC's Director of Taxes, was informed
     confidentially by his supervisor at CUC that the company was in
     negotiations to purchase all the outstanding stock of Advance Ross.  The
     Complaint further alleges that, On October 16, 1995, when CUC's proposed
     acquisition of Advance Ross was still nonpublic, Patel purchased 1,000
     shares of Advance Ross stock.  According to the Complaint, on October 18,
     1995, Advance Ross and CUC publicly announced CUC's intended purchase of
     Advance Ross' stock.  The Complaint alleges that, as a result, the stock
     price of Advance Ross closed up approximately $11 1/4 per share from the
     previous day's close.  The Complaint alleges that Patel received profits of
     $10,390 as a result of this price increase.















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