SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.

     Litigation Release No. 15562 / November 17, 1997

     Accounting and Auditing
     Enforcement Release No.  988 / November 17, 1997

     SECURITIES AND EXCHANGE COMMISSION v. JOHN LOGAN, United States District
     Court for the District of Columbia, Civil Action No. 97CV02718
             
          The Securities and Exchange Commission today announced the filing of a
     civil injunctive action in the United States District Court for the
     District of Columbia in Washington, D.C., against John Logan, a former
     Regional Sales Director in the Contact Lens Division ( CLD ) of Bausch &
     Lomb, Incorporated ( B&L ).

          The Commission's Complaint alleges that, during 1993, Logan granted,
     and instructed others to grant, certain distributors of B&L contact lenses
     the right to return those lenses, in connection with a year-end 1993
     company marketing program called the  December Program.   According to the
     Complaint, Logan knew, or was reckless in not knowing, that B&L would
     incorrectly record these transactions as sales and improperly recognize the
     revenue generated by the sales.  The Complaint alleges that as a result of
     his conduct, Logan aided and abetted B&L s violation of the antifraud,
     reporting, recordkeeping, and internal controls provisions of the federal
     securities laws and directly violated the internal controls provisions.

          The Complaint alleges that ultimately, B&L improperly recognized $22
     million in revenue from the December Program, which consisted of the sale
     of significant amounts of contact lenses through consignment sales to the
     CLD s distributors less than two weeks before B&L s 1993 year-end.  This
     improper revenue recognition, together with the improper recognition of
     revenue from the fictitious sale of sunglasses in its Asia-Pacific
     Division, resulted in B&L materially overstating its 1993 revenue by $42.1
     million and its 1993 net income by at least $17.6 million, or 11%.  This
     income overstatement appeared in the company s financial statements filed
     with the Commission for its fiscal years ended December 1993 and 1994.

          Simultaneously with the filing of the Complaint, Logan consented to
     the entry of a proposed Final Judgment that would enjoin him from
     violating, or aiding and abetting violations of, the antifraud, reporting,
     recordkeeping, and internal controls provisions of the federal securities
     laws, Sections 10(b), 13(a), 13(b)(2)(A) and (B), and 13(b)(5) of the
     Securities Exchange Act of 1934 and Rules 10b-5, 12b-20, and 13a-1
     thereunder.  Logan also agreed to pay a $10,000 civil penalty pursuant to
     Section 21(d)(3) of the Exchange Act.  The Commission has submitted the
     proposed Final Judgment for approval and entry by the Court.





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