SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No. 15537 / October 20, 1997

     SECURITIES AND EXCHANGE COMMISSION V. BRUCE VAN WAGNER, ET AL., U.S.
     District Court for the Northern District of Illinois, Civil Action No. 97 C
     6826 (N.D. Ill. September 30, 1997)

          The Securities and Exchange Commission announced that on September 30,
     1997, it filed a Complaint in the United States District Court for the
     Northern District of Illinois against Bruce Van Wagner (Van Wagner),
     Jocelyn Van Wagner, Peter Van Wagner, Mary Jane Reed, Laurey Van Wagner,
     Ellis Van Wagner, Mark Van Wagner, Carol Gwaltney, Barbara Blanchard, and
     Dudley Blanchard, and naming Donald Gwaltney and Jane Gwaltney as relief
     defendants.  The Complaint alleges that Bruce Van Wagner, a resident of
     Lake Forest, Illinois and formerly Chairman of the Board of Antec
     Corporation, and his wife, Jocelyn Van Wagner, illegally passed material
     non-public information regarding Antec to five of their children, Peter Van
     Wagner, Mary Jane Reed, Laurey Van Wagner, Ellis Van Wagner and Mark Van
     Wagner,  and three of their neighbors, Carol Gwaltney, Barbara Blanchard
     and Dudley Blanchard, all of whom traded while in possession of that
     information.  Van Wagner was Chairman of Antec, a publicly-held company
     based in Rolling Meadows, Illinois, from 1993 until February 1997, and is
     currently a member of Antec s Board of Directors.  The Complaint alleges
     that all ten defendants violated the antifraud provisions of the Securities
     Act of 1933 (Securities Act) and the Securities Exchange Act of 1934
     (Exchange Act).  The Complaint seeks the entry of a final order of
     permanent injunction against each of the ten defendants, disgorgement of
     the traders  ill-gotten gains and civil penalties.

          In its Complaint, the Commission alleges that Antec issued a press
     release on June 9, 1995, announcing that its second quarter earnings would
     be significantly short of analysts  expectations. On the day of the
     announcement, the stock dropped $8.00 per share, or 34%, from its previous
     day s close of $23.50 per share. The Commission alleges that Van Wagner
     learned of the potential shortfall in earnings on our about June 1, 1995
     and that he passed this confidential non-public information to his wife
     Jocelyn Van Wagner.  The Complaint further alleges that, between June 1 and
     June 9, Van Wagner and Jocelyn Van Wagner tipped five of their children and
     three of their neighbors, all of whom sold Antec stock within the four days
     prior to the June 9 press release, thereby avoiding a total of
     approximately $75,000 in losses.  The Complaint alleges that Carol Gwaltney
     sold shares in the accounts of her husband Donald Gwaltney and her
     daughter-in-law Jane Gwaltney while in possession of the non-public
     information.




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          Dudley Blanchard and Barbara Blanchard have consented, without

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     admitting or denying the allegations in the Complaint, to the entry of a
     Final Judgment and Order of Permanent Injunction which will enjoin them
     from future violations of Section 17(a) of the Securities Act and Section
     10(b) of the Exchange Act and Rule 10b-5 thereunder.  They also agreed to
     disgorge a total of $10,650 plus pre-judgment interest, and to pay a civil
     penalty in the same amount.















































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