UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15503 / September 19, 1997

     SECURITIES AND EXCHANGE COMMISSION v. TERRY ONEIL CLIFFORD, d/b/a
     DATASOURCE CONSULTING GROUP
     H-97-0983, USDC, ND/TX (Fort Worth Division)

          The Securities and Exchange Commission ("Commission") announced that
     on September 17, 1997, it filed a complaint in United States District Court
     in Fort Worth, Texas, seeking a permanent injunction against Terry Oneil
     Clifford ("Clifford"), d/b/a DataSource Consulting Group.  In its
     complaint, the Commission alleges that, from in or about October 1993
     through August 1996, Clifford raised approximately $1.8 million, primarily
     through the fraudulent sale of promissory notes, to approximately 74
     investors.  The Commission further alleges that Clifford falsely stated to
     investors that all of their funds would be invested in start-up companies,
     mutual funds, stocks, and/or commodities.  Instead, the complaint alleges
     the mutual funds did not exist and that Clifford used investor funds for
     undisclosed purposes including to make principal and interest payments to
     earlier investors.  Additionally, it is alleged that Clifford expended a
     sizeable portion of investor funds for his personal expenses.  Finally, the
     Commission alleges that Clifford omitted to disclose material information
     regarding the terms of the investments in the start-up companies and
     Clifford's financial condition. 

          The Commission's complaint alleges that Clifford violated the anti-
     fraud provisions found in Sections 17(a) of the Securities Act of 1933,
     Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
     thereunder and Sections 206(1) and 206(2) of the Investment Advisers Act of
     1940 ("Advisers Act").  The complaint further alleges that Clifford
     violated the investment adviser registration provisions found in Section
     203(a) of the Advisers Act.  

          Simultaneously with the filing of the complaint, a stipulation and
     consent and proposed final judgment were also filed as to Clifford in which
     he agrees, without admitting or denying the allegations in the Commission's
     complaint, and pending final approval by the Court, to be permanently
     enjoined from future violations of the above provisions of the federal
     securities laws.  Further, Clifford agrees to disgorge $1,077,692.00,
     representing his gains from the conduct alleged in the complaint, plus pre-
     judgment interest thereon, provided that payment of all but $30,000 is
     waived based upon Clifford's demonstrated inability to pay.  Although the
     complaint sought civil penalties against Clifford, the proposed final
     judgment does not impose civil penalties based upon Clifford's demonstrated
     inability to pay.
         









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