FOR IMMEDIATE RELEASE                                                   97-68



                JANE ADAMS APPOINTED AS DEPUTY CHIEF ACCOUNTANT




      Washington, D.C., August 5, 1997 -- Chief Accountant Michael
H. Sutton today announced that Jane B. Adams has been appointed as
the Deputy Chief Accountant in the Commission's Office of the Chief
Accountant.  In this capacity, Ms. Adams will be responsible for
the day-to-day operations of the Office, including resolution of
accounting and auditing practice issues, rulemaking projects, and
private sector standard setting efforts.

      Prior to her appointment, Ms. Adams was the Director -
Accounting Standards at the American Institute of Certified Public
Accountants, where she was responsible for staffing and supervising
support for the AICPA's accounting standard setting function,
including the Accounting Standards Executive Committee. She also
served as the technical advisor to the United States delegation to
the International Accounting Standards Committee.  Prior to that,
she was a Project Manager at the Financial Accounting Standards
Board, working extensively on the Board's project on derivative
instruments and hedging transactions.

      Ms. Adams has an MBA from Pace University Graduate School of
Business and was graduated from Vassar College.  She is a member of
the American Institute of Certified Public Accountants and the New
York State Society of Certified Public Accountants.



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