FOR IMMEDIATE RELEASE                                       98-46

           Lynn Turner Named New SEC Chief Accountant

     Washington, DC, May 7, 1998 -- Securities and Exchange
Commission Chairman Arthur Levitt today announced the appointment
of Lynn Turner as the Commission's Chief Accountant.  Mr. Turner,
who succeeds Michael Sutton, will join the Commission on July 1,
1998.

     Arthur Levitt said, "Lynn has worked at the SEC, as an
auditor, as a standard setter, and most recently as the CFO of a
high-tech company.  He has sat on all four sides of the table,
giving him a keen understanding of the various and sometimes
competing needs and views of the participants in the financial
reporting process.  This unique background, combined with a zeal
for fairness and transparency, will make Lynn an effective
advocate for investors.  I am pleased to welcome him back to the
Commission."

     "I am excited about the challenges of the new position and
look forward to rejoining the SEC," said Lynn Turner.  "I feel my
experience in the private sector -- both as CFO of an
international high-technology company and as a Coopers & Lybrand
audit partner -- will enable me to forge strong relationships
with all constituencies."

     As Chief Accountant, Mr. Turner will manage a number of
important accounting issues, including the development and
coordination of international accounting standards and
professional independence issues.

     Since 1996 Mr. Turner has served as Chief Financial Officer
and Vice President of Symbios, Inc., a Colorado-based
manufacturer of semiconductors and storage systems.  Prior to
that he was a partner at Coopers & Lybrand, where he was
designated as an SEC Consulting partner.  He also was appointed
as the National Practice Leader for the Coopers & Lybrand High
Technology Audit Practice, with responsibility for more than
1,000 professionals.  Mr. Turner has worked on various industry
task forces, including the AICPA Task Force on Accounting for
Software Revenue Recognition.

     From 1989 to 1991 he served as a Professional Accounting
Fellow at the Securities and Exchange Commission, where he
focused on oversight of the professional standard setting
practice.  And from 1976 to 1989 Turner served in various auditor
and management positions at Coopers & Lybrand.

     Mr. Turner received his M.A. in Accounting from the
University of Nebraska and his B.A. in Business Administration
from Colorado State University.  He is a member of the AICPA and
the Financial Executives Institute.
                             #  #  #

See attached biography



                         Lynn E. Turner
                            Biography

     Lynn E. Turner, 46, is the Chief Financial Officer and Vice
President of Symbios, Inc. of Fort Collins, Colorado.  He is part
of the company's Executive Management Team which, with the CEO,
develops and sets company strategy, budgets and business plans.
Additional responsibilities for the company -- an international
semiconductor and storage manufacturer with over 2,400 employees
-- include managing the finance organization, including financial
reporting, accounting, treasury, planning and analysis and taxes.
Lynn has held the position since June of 1996.

     Before joining Symbios, Lynn was a partner with Coopers &
Lybrand (C&L).  As National Practice Leader for the C&L High
Technology Audit Practice, he had responsibility for an audit
practice with over 1,000 professionals.  With the exception of a
two-year appointment with the Securities and Exchange Commission,
Mr. Turner held positions of increasing responsibility with C&L
between 1976 and 1991, including a two year assignment in the C&L
National Office.  In the National Office, Lynn had responsibility
for observing various professional standard setting efforts,
drafting the Firm's position papers, working as liaison to a
Congressional Committee and providing support for committee
hearings, and providing technical support to C&L practice offices
and clients.

     Between 1989 and 1991, Lynn held the position of
Professional Accounting Fellow, Securities and Exchange
Commission, where he served a two-year appointment in the Office
of the Chief Accountant. He had responsibility for the oversight
of professional standard setting process, worked with
congressional committees, was liaison with professional
organizations, and provided input on development of rules and
regulations and resolution of registrant public filing issues.

     Lynn is a member of the AICPA Task Force on Accounting for
Internal Use Software and served as the Coopers & Lybrand L.L.P.
observer to the AICPA Task Force on Accounting for Software
Revenue Recognition. As a Professional Accounting Fellow, Lynn
was the SEC observer to the FASB Task Force on Other Post
Employment Benefits, the Auditing Standards Board and the AICPA
Task Force on Software Revenue Recognition. Lynn also served as
the interim SEC observer to the Emerging Issues Task Force and
various working groups.  Additionally, he has been a co-author of
Software Industry Accounting and AICPA Educational Case Studies,
and has contributed to Montgomery's Auditing and articles in
trade publications. He was also an Adjunct Professor of
Accounting at Westminster College in Salt Lake City, Utah, for
two years.

     Lynn is a member of the Colorado Society of Certified Public
Accountants (CSCPA), the American Institute of Certified Public
Accountants, and the Financial Executive Institute. Lynn holds an
MA in Accounting from the University of Nebraska and a BA in
Business Administration, with a concentration in Accounting, from
Colorado State University.  He reports to Mr. Charles F. Christ,
CEO of Symbios, Inc.
                                
May 1998