FOR IMMEDIATE RELEASE                                       99-93

Washington, DC, August 5, 1999

                         Media Advisory

      News Conference to Announce Major Enforcement Action
                                
What:       The Securities and Exchange Commission and the New
            York County District Attorney will conduct a news
            conference to announce a significant enforcement
            action.
            
Who:        Richard H. Walker, Director of the SEC Division
              of Enforcement
            Robert Morgenthau, New York County District Attorney
            
When:       Thursday, August 5, 1999
            11:00 a.m. EDT
            
Where:      SEC Northeast Regional Office
            7 World Trade Center (at intersection of Vesey
              and Washington Streets)
            New York, NY
            13th Floor Conference Room
            
            * Print and radio media check in at 3rd floor
              concierge desk.
            * TV media enter at service and delivery entrance on
              Washington Street (between Vesey and Barclay
              Streets).
            
Contacts:   Darrah Feldman, Securities and Exchange Commission,
              (202) 942-0020
            Barbara Thompson, New York County District Attorney,
              (212) 335-9400
            
Other:      For credentialed media only.
                                
                                
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