FOR IMMEDIATE RELEASE                                  97-39



       ACCESS TO STANFORD LAW SCHOOL WEBSITE ON LITIGATION
                    AVAILABLE VIA SEC WEBSITE



     Washington, D.C., May 9, 1997 -- Today the Commission
announced that it had linked its World Wide Web site to a web site
developed by the judges of the United States District Court for the
Northern District of California and the Stanford Law School.  The
site offers information about private securities fraud litigation,
including class actions.

     This on-line resource, located at <securities.stanford.edu>,
is operated by the Stanford Law School pursuant to a rule recently
approved by the judges of the United States District Court for the
Northern District of California.  According to the rule, counsel in
securities fraud cases filed in the District must post on a
"Designated Internet Site" electronic copies of major litigation
documents, such as complaints and motions.  The Stanford Law School
web site, called the Securities Class Action Clearing House, has
now become a "Designated Internet Site".

     Investors and other interested parties using the Commission's
website at <www.sec.gov> will henceforth be able to move readily to
the Stanford Law School website by selecting "Other Sites to Visit"
on the Commission's home page and then clicking on "Educational
Institutions" and "Securities Class Action Clearing House at
Stanford University School of Law".



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