SECURITIES AND EXCHANGE COMMISSION
                                  Washington, D. C.


          Litigation Release No.  16016 / January  6, 1999

          SECURITIES AND EXCHANGE COMMISSION v. THE BETTER LIFE CLUB OF
          AMERICA, INC., and ROBERT N. TAYLOR, Defendants, and WILKINS
          MCNAIR, JR., CPA, AS TRUSTEE, and ELIZABETH LAWSON, Relief
          Defendants, United States District Court for the District of
          Columbia, Civ. No. 95-1679 (TFH)

               On December 14, 1998, the United States District Court for
          the District of Columbia approved a settlement between the
          Commission, Wilkins McNair, Jr., and McNair’s Baltimore-based
          accounting firm.  McNair provided accounting services to the
          Better Life Club of America, Inc., a now-defunct organization
          used by Robert N. Taylor from 1993 to 1995 to perpetrate a $45
          million Ponzi scheme called the Better Life Club "Advertising
          Pool."  In the settlement, McNair agreed to disgorge $120,000 of
          Better Life Club investor funds he received from Taylor, plus
          $30,000 in prejudgment interest.  Based upon McNair and his
          firm’s demonstrated inability to pay disgorgement of more than
          $150,000, the Commission waived payment of further disgorgement
          obtained in the related court proceedings against McNair and his
          firm.  The money will be paid to a receiver appointed by the
          court to distribute the remaining Better Life Club assets to the
          victims of the Ponzi scheme.

               McNair provided accounting services to the Better Life Club
          in the spring and summer of 1995.  On September 1, 1995, the
          Commission sued Taylor and the Better Life Club and obtained an
          order halting the scheme and freezing the defendants’ assets.
          (See SEC Lit. Rel. No. 14624, Sept. 5, 1995.)  In 1996, the
          Commission added McNair as one of two relief defendants because
          he received investor funds from Taylor.  On February 27, 1998,
          the court granted the Commission’s motion for summary judgment
          against the main defendants and the relief defendants.  (See SEC
          Lit. Rel. No. 15660, Mar. 5, 1998.)  All of them, including
          McNair, appealed to the D.C. Circuit.The present settlement
          requires McNair to withdraw his appeal of the district court’s
          summary judgment against him.