sec news • ....estIssue 93-50

u .s" ::;:~(.~i,.n('~fCS March 17, 1993

EXCH.Ar"~GE (';Qi\~,;-:-'1:S3~O\t

........ - ' _-. -."- -,.,. __ ._ ,- __ ._ -..,ADMINISTRATIVE/PROCEEDINGS

NASD DISCIPLINARY ACTION AGAINST ROBERT AMATO, WILLIAM BOEHMER, JR. AND CHARLES BLOCK, JR. SUSTAINED

The Commission has found that Robert A. Amato, William C. Boehmer, Jr. and Charles D. Block, Jr., salesmen in the New Orleans branch office of Brennan Ross Securities,Inc., formerly an NASD member, charged customers unfair markups in sales of the common stock of Barclays West, Inc. Amato was fined $20,000 and suspended in all capacities for four weeks by the NASD. Boehmer and Block were fined $5,000 each and suspendedin all capacities for one week. Each of the applicants also was censured and required to requalify by examination as a registered representative following completion of his suspension.

Applicants argued that, under Brennan Ross' internal procedures, the firm's traders (not applicants) were responsible for identifying excessive markups. The Commission found, however, that regardless of these internal procedures, various factors putapplicants on notice of at least the possibility of improper pricing. Chief amongthese was that applicants were receiving commissions exceeding 20 percent which the Commission characterized as "represent[ing) a suspiciously high percentage of the prices paid by customers." The Commission also noted that, while the record supportsthe NASD's findings against all three applicants, "it paints an especially troubling picture" of the role played by Amato who was the firm's branch manager. (ReI. 34-31974)

CIVIL PROCEEDINGS

PERMANENT INJUNCTION ENTERED AGAINST G. ALFRED ROENSCH, OWEN STEPHENSON, PACIFIC EQUITIESCORPORATION. ARIZONA INVESTMENT TRUST, DALLAS INVESTMENT TRUST AND PHOENIX INVEST~lENTTRUST

The Commission announced that on February 3, 1993 the U.S. District Court for the Northern District of California entered a Final Judgment of Permanent Injunctionagainst defendants G. Alfred Roensch, Owen K. Stephenson, Pacific EquitiesCorporation, Arizona Investment Trust, Dallas Investment Trust and Phoenix Investment Trust. Defendants, without admitting or denying the allegations in the complaint,consented to the issuance of a Final Judgment that permanently restrains and enjoins all defendants from future violations Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Section lOeb) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Roensch and Stephenson are permanently restrained and barred

from acting or serving as an officer or director of any issuer having a class of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 or requirFd to file reports pursuant to Section l5(d) of the Securities Exchange Act of 1934. Roensch and Stephenson are ordered pay disgorgement in the amount of six hundred fifty five thousand seven hundred and ten dollars ($655,710) plus interest through October 18, 1992 in the amount of one hundred thirty three thousand and eighty six dollars ($133,086) in the manner specified in the Final Judgment.

The complaint alleged that defendants participated in and effected a scheme to sell unregistered Electronic Medical Management, Inc. securities. As part of the scheme, defendants disseminated false and misleading corporate profiles of Electronic Medical Management, Inc. that, among other things, substantially overstated Electronic Medical Management, Inc. 's projected revenues. [SEC v. G. Alfred Roensch, Owen K. Stephenson, Pacific Equities Corporation, Arizona Investment Trust, Dallas Investment Trust and Phoenix Investment Trust, Civil Action No. C 92-3969 DLJ, ND Cal.] (LR-13561)

ORDER OF PRELIMINARY INJUNCTION ENTERED AGAINST LYNN OYLER AND DELTA STAR CORPORATION

On March 12, U.S. District Judge David Sam entered an order preliminarily enjoiningLynn R. Oyler and his company, Delta Star Corporation, from further violations of the registration and antifraud provisions of the Securities Act and Exchange Act. The Order also provides that a previously ordered asset freeze will continue in full force and effect and prohibits Oyler and Delta Star from transferring assets and destroying documents.

The Commission previously obtained a temporary restraining order and an order prohibiting the transfer of assets and the destruction of documents and other relief against Oyler and Delta Star. The Commission's complaint alleges that from at least July 1992 to the present, Oyler and Delta Star have engaged in a fraudulent scheme involving the offer and sale of interests in an offshore letter of credit program,representing that investors would receive a monthly return of 30%. The complaint also names Interfirst Equities Corporation, Bowen Bo Wagner and Fortune Plus ManagementCompany. [SEC v. Lynn R. Oyler, Delta Star Corporation, Bowen Bo Wagner, Interfirst Equities Corporation and Fortune Plus Management Company, Civil Action No. 93-NC-033S, D. Utah] (LR-13562)

COMPLAINT FILED AGAINST ROY LA BOLLE JR.

The Commission announced that on March 12 a complaint was filed in the U.S. District Court for the Northern District of Illinois against Roy Phillip La Bolle, Jr., a resident of Darien, Illinois. La Bolle was formerly employed by the Oak Brook office of PaineWebber, Inc. (PaineWebber), a broker-dealer registered with the Commission. The complaint seeks an Order of Permanent Injunction against La Bolle enjoining him from violations of the antifraud and books and records provisions of the federal securities laws and an Order requiring La Bolle to produce an accounting and to disgorge all ill-gotten gains.

2 NEWS DIGEST, March 17, 1993

The complaint alleges that La Bolle. while employed by PaineiJebber, engaged in excessive and unsuitable trading from December 1986 until June 1988, and engaged in unauthorized trading in 1988. In connection with these trades, it is alleged that La Bolle made material false and misleading statements to his clients regarding the values of their accounts and the risks related to trading index options and usingmargin in their accounts. The complaint also alleges that La Bolle aided and abetted books and records violations by falsifying information on new account forms. [SEC v. Roy Phillip LaBolle. Jr., USDC, ND Ill., No. 93 C 1500] (LR-13563)

COMPLAINT FILED AGAINST SHLOMO SELA

The Commission announced that on March 12 a complaint was filed in the U.S. District Court for the Southern District of Texas against Shlomo A. Sela, a resident of Houston, Texas. Sela was formerly a registered representative at the Houston Post Oak branch office of PaineiJebber, Inc. (PaineiJebber), a broker-dealer registered with the Commission. The complaint seeks an Order of Permanent Injunction against Sela enjoining him from violations of the antifraud and books and records provisions of the federal securities laws and an Order requiring Sela to produce an accounting and to disgorge all ill-gotten gains.

The complaint alleges that in 1987, Sela, while employed by PaineWebber, engaged in unsuitable trading in his customers' accounts by employing a risky options strategyand also engaged in excessive trading in these accounts. In connection with these trades, it is alleged that Sela made material false and misleading statements and omitted to disclose material facts to his customers about the value of their accounts-and the risks associated with Sela's trading strategy which involved the sale of puts using margin accounts. The complaint also alleges that Sela aided and abetted books and records violations by falsifying information on new account forms. [SEC v. Shlomo A. Sela, USDC, SD. Texas, No. H-93-722] (LR-13564)

ACTION AGAINST LEONARD MEYERS

The Commission announced today that on February 26, 1993 the Honorable Jose A. Gonzalez, Jr., U.S. District Judge for the Southern District of Florida granted the Commission's Motion for a Summary Judgment as to the Amount of Disgorgement (SummaryJudgment) against defendant Leonard Meyers (Meyers) of Boca Raton, Florida. The Summary Judgment orders Meyers to disgorge $156,691, which represents the proceedsthat he unlawfully obtained pursuant to the fraudulent scheme described in the Commission's complaint. [SEC v. Leonard Meyers, Case No. 89-8244-CIV-GONZALEZ, SD

Fla.] (LR-13565)

INVESTMENT COMPANY ACT RELEASES

NEUiJIRTH FUND, INC.

An order has been issued under Section 8(f) of the Investment Company Act declaringthat Neuwirth Fund, Inc. has ceased to be an investment company. (ReI. IC-19332 -March 16)

NEWS DIGEST, March 17, 1993 3

THE EQUITABLE CAPITAL FUNDS, ET AL.

A notice has been issued giving interested persons until April 12, 1993 to requesta hearing on an application filed by The Equitable Capital Funds (Trust), Equitable Carital Management Corporation (Equitable Capital) and Alliance Capital Management Corporation L.P. (Alliance) for an order under Section 6(c) of the Investment CompanyAct that would exempt applicants from Section 15(a). The order would permit Alliance to serve without compensation as an investment adviser to certain series of the Trust, without shareholder approval, for a period of no longer than 120 days following a corporate reorganization that will result in the termination of the Trust's existingadvisory agreement with Equitable Capital. (ReI. IC-19333 - March 16)

rcos CORPORATION

An order has been issued on an application filed by Icas Corporation under Section 3(b)(2) of the Investment Company Act declaring that Icas is engaged primarily in a business other than that of investing, reinvesting, owning, holding or trading in securities. (ReI. IC-19334 - March 16)

ABC INVESTMENT COMPANY

An order has been issued under Section 8(f) of the Investment Company Act declaringthat ABC Investment Company has ceased to be an investment company. (ReI. IC-19335 -March 16)

SIEBEL CAPITAL PARTNERS, INC.

An order has been issued under Section 8(f) of the Investment Company Act declarin that Siebel Capital Partners, Inc. has ceased to be an investment company. (ReI.IC-19336 - March 16)

SECURITIES ACT REGISTRATIONS

The following registration statements hav~ been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managingunderwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue.

S-8 LEE SARA CORP, THREE FIRST NATL PLZ STE 4600, CHICAGO, IL 60602 (312) 726-2600 -14,000,000 ($410,375,000) COMMON STOCK. (FILE 33-59002 - MAR. 04) (BR. 4)

5·3 OHIO POYER CO, 301 CLEVELAND AVE S W, COLUMBUS, OH 44702 (614) 223-1000290,000,000 ($290,000,000) STRAIGHT BONDS. (FILE 33-59006 - MAR. 04) (BR. 8)

5·3 IOWA ILLINOIS GAS & ELECTRIC CO, 206 E 2ND ST, DAVENPORT, IA 52808 (319) 326-7111 -65,000,000 ($65,000,000) MORTGAGE BONDS. (FILE 33-59012 . MAR. 04) (BR. 8)

4 NEWS DIGEST, March 17, 1993

REGIST~~TIONS CONTINUED

S-3 ZEBRA TECHNOLOGIES CORPIDE, 333 CORPORATE WOODS PKWY, VERNON HILLS, IL 60061 (708) 634-6700 - 3,024,500 ($69,185,437_50) COMMON STOCK_ UNDERWRITER: BLAIR WILLIAM & CO, MONTGOMERY SECURITIES, ROBINSON HUMPHREY CO INC. (FILE 33-59092 MAR. 05) (BR. 10)

S-6 VAN KAMPEN MERRITT INSUREO INCOME TRUST SERIES 27 & SER 28, ONE PARKVIEW PLAZA,CIO VAN KAMPEN MERRITT INC, OAKBROOK TERRACE, IL 60181 - 1,000 ($1,010,000)UNIT INVESTMENT TRUST. DEPOSITOR: VAN KAMPEN MERRITT INC. (FILE 33-59094 - MAR. OS)(BR_ 22 - NEW ISSUE)

S-8 TIl INDUSTRIES INC, 1385 AKRON ST, COPIAGUE, NY 11726 (516) 789-5000 - 750,000($1,822,500) COMMON STOCK. (FILE 33-59096 - MAR. 05) (BR. 3)

S-8 SILICON GRAPHICS INC ICAI, 2011 N SHORELINE BLVD, CIO TOM OSWOLD, MOUNTAIN VIEW, CA 94039 (415) 960-1980 - 2,950,000 ($83,521,875) COMMON STOCK. (FILE 33-59098 - MAR. 05)(BR_ 10)

S-8 HANDLEMAN CO IMII, 500 KIRTS BLVD, PO BOX 7045, TROY, MI 48084 (313) 362-4400 -750,000 ($11,437,500) COMMON STOCK. (FILE 33-59100 - MAR. OS) (SR. 7)

S-8 PYRAMID TECHNOLOGY CORP, 3860 N FIRST ST, SAN JOSE, CA 95134 (408) 428-8000 900,000 ($13,466,250) COMMON STOCK. (FILE 33-59102 - MAR. 05) (SR. 9)

s-8 MEDSTAT GROUP !NC, 777 EAST EISENHOWER PKWY STE 500, ANN ARBOR, MI 48108 (313) 996-1180 1,060,000 ($12,875,129) COMMON STOCK. (FILE 33-59104 - MAR. 04)(BR_ 9)

S-3 XTRA CORP IDEI, 60 STATE ST, C/O X L CO INC, BOSTON, MA 02109 (617) 367-5000 -747,500 ($63,911,250) COMMON STOCK. UNDERWRITER: GOLDMAN SACHS & CO,WERTHEIM SCHROOER & CO INC. (FILE 33-59132 - MAR. 05) (BR. 5)

S-l FIRST DATA CORPORATION, AMERICAN EXPRESS TOWER, WORLD FINANCIAL CENTER, NEW YORK, NY 10285 (212) 640-2000 - 35,200,000 ($1,221,088,000) COMMON STOCK. UNDERWRITER: BEAR STEARNS & CO INC, DONALDSON LUFKIN & JENRETTE SECURITIES C, FIRST BOSTON CORP,GOLDMAN SACHS & CO, LAZARD FRERES & CO, LEHMAN BROTHERS, MERRILL LYNCH & CO,MORGAN STANLEY & CO INC, SALOMON BROTHERS INC. (FILE 33·59136 - MAR. 05) (BR. 10)

s-3 BEAR STEARNS COMPANIES INC, 245 PARK AVE, ~EW YORK, NY 10167 (212) 272-2000 UNDERWRITER: BEAR STEARNS & CO INC. (FILE 33-59140 - MAR. 05) (BR. 12)

S-3 PHILADELPHIA ELECTRIC CO, 2301 MARKET ST, POBOX 8699, PHILADELPHIA, PA 19101 (215) 841-4000 (FILE 33-59152 - MAR. 05) (SR. 7)

5-4 UNION PLANTERS CORP, 7130 GOODLETT FARMS PKWY, CORDOVA, TN 38018 (901) 383-6000 294,737 ($9,284,215.50) PREFERRED STOCK. (FILE 33-59154 - MAR. 05) (BR. 1)

S-8 ESCAGENETICS CORP, 830 BRANSTEN RD, SAN CARLOS, CA 94070 (415) 595-5335 - 100,000($725,000) COMMON STOCK. (FILE 33-59156 - MAR. OS) (BR_ 8)

S-8 ESCAGENETICS CORP, 830 BRANSTEN RD, SAN CARLOS, CA 94070 (415) 595-5335 - 810,JOO($5,872,500) COMMON STOCK. (FILE 33-59158 - MAR. 05) (BR. 8)

S-8 PAYLESS CASHWAYS INC, TWO PERSHING sa 2300 MAIN ST, KANSAS CITY, MO 64108 (816) 234-6000 - 3,000,000 COMMON STOCK. (FILE 33-59160 - MAR. 05) (BR. 10)

S-8 PAYLESS CASHWAYS INC, TWO PERSHING sa 2300 MAIN ST, KANSAS CITY, MO 64108 (816) 234-6000 - 3,ODO,OOO COMMON STOCK. (FILE 33-59162 - MAR. 05) (BR. 10)

NEWS DIGEST, March 17. 1993 5

REGISTRATIONS CONTINUED

S-8 XYLOGICS INC IDE/, 53 THIRD AVE, BURLINGTON, MA 01803 (617) 272-8140 - 6,000($75,000) COMMON STOCK. (FILE 33-59164 - MAR. 05) (BR. 9)

5-3 CANADIAN REYNOLDS METALS CO LTD, 1420 SHERBROOKE ST WEST, MONTREAL QUEBEC CANADA, A8H3G 1 (514) 842-6487 - 285,000,000 ($285,000,000) STRAIGHT BONDS. (FILE 33-59168 -MAR. 05) (BR. 6 - NEW ISSUE)

5-3 QUANTUM CHEMICAL CORP, 99 PARK AVE, NEW YORK, NY 10016 (212) 949-5000 - 6,325,000($78,667,187.50) COMMON STOCK. UNDERWRITER: DILLON READ & COINC,SALOMON BROTHERS INC. (FILE 33-59170 - MAR. 05) (BR. 1)

5-3 QUANTUM CHEMICAL CORP, 99 PARK AVE, NEW YORK, NY 10016 (212) 949-5000 - 250,000,000($250,000,000) MORTGAGE BONOS. UNDERWRITER: BT SECURITIES CORP, DILLON READ & CO INC,SALOMON BROTHERS INC. (FILE 33-59172 - MAR_ 05) (BR. 1)

5-8 BANCFLORIDA FINANCIAL CORP, 5801 PELICAN BAY BLVD, NAPLES, FL 33863 (813) 597-1611390,000 ($4,728,750) COMMON STOCK. (FILE 33-59176 - MAR. 05) (BR. 1)

5-2 WEBSTER FINANCIAL CORP, FIRST FEDERAL PLZ, 145 BANK ST, WATERBURY, CT 06720 (203) 753-2921 - 25,000,000 ($25,000,000) STRAIGHT BONDS. UNDERWRITER:FIRST ALBANY CORP, KIDDER PEABODY & CO INC. (FILE 33-59178 - MAR. 05) (BR. 2)

5-8 BFS BANKORP INC, 110 WILLIAM ST, NEW YORK, NY 10038 (212) 227-4040 - 20,604($182,964) COMMON STOCK. (FILE 33-59182 - MAR. 05) (BR. 2)

S-8 BFS BANKORP INC, 110 WILLIAM ST, NEW YORK, NY 10038 (212) 227-4040 - 30,906($216,342) COMMON STOCK. (FILE 33-59184 - MAR. 05) (BR. 2)

ACQUISITION OF SECURITIES

Companies and individuals must report to the Commission within ten days on Schedule 130 if after the acquisition of equity securities of a public company their beneficial interest therein exceeds five percent. Persons eligible to use the short form (Schedule l3G) may in lieu of filing a Schedule 130 file a Schedule l3G within 45 days after the end of the calendar year in which the person became subject to Section l3(d)(1). Companies and individuals making a tender offer must have on file at the time the tender offer commences a Schedule l4D-1.

Below is a list of recent filings of Schedules 130 and 14D, which includes the following information: Column I - the company purchased (top), and the name of the purchaser; Column 2 - the type of security purchased; Column - 3 - the type of form filed; Column 4 - the date the transaction occurred; Column 5 - the current number of shdres (in OOO's) owned (top) and the current percent owned; Column 6 - the CUSIP number (top) and the percent owned; and Column 7 - the status of the filing, i.e., new, update or revision.

EVENT SHRS(OOO)/ CUSIP/ FILINGNAME AND CLASS OF STOCK/OWNER FORM DATE ~~WNED PRIOR% STATUS

AGNICO EAGLE MINES LTD COM 2,077 00847410MENTOR EXPLORATION & DEVL CO 13D 3/ 3/93 6.8 4.5 UPDATE

NEWS DIGEST, March 17, 1993

ACQUISITIONS CONT.

NAME AND CLASS OF STOCK/OWNER FORM EVENT DATE

SHRS(OOO)/XOWNEO

CUSIP/PRIOR%

Fill NG STATUS

AGNICO EAGLE MINES LTD MENTOR EXPLORATION & OEVL

COM CO 130 3/ 3/93

2,On 6.8

00847410 4.5 RVSION

~ BOLT BERANEK & NEWMAN INC COM 875 09768910 HARROSH JOSEPH LOUIS 130 3/15/93 5.6 0.0 NEIJ

BOLT BERANEK & NEWMAN INC COM 875 09768910 HARROSH JOSEPH LOUIS 130 3/15/93 5.6 0.0 RVSION

CARRINGTON LABS INC COM 455 14452510 HOWARD CLINTON H ET AL 130 3/ 3/93 6.7 8.6 UPDATE

CECO FILTERS INC CECO ENVIRONMENTAL CORP

COM ET AL 130 3/ 3/93

2,454 35.7

15003410 24.2 UPDATE

CECO FILTERS INC CECO ENVIRONMENTAL CORP

COM ET AL 130 3/ 3/93

2,45435.7

15003410 24.2 RVSION

CHOCK FULL 0 NUTS CORP GAMCO INVESTORS INC ET AL

COM 130 3/12/93

1,976 19.9

17026810 21.2 JPDATE

CONSOLIDATED AMERICAN IND PFD CL B 900 20861120 PI INC 130 3/ 8/93 16.5 0.0 NEIJ

CONSOLIDATED AMERICAN INO PFO CL B 900 20861120 PI INC 130 3/ 8/93 16.5 0.0 RVSION

CONTINENTAL MTG & EaUITY TR SH BEN INT NEIJ 949 21166320 FRIEDMAN IJILLIAM S ET AL 130 3/ 1/93 3.9 3.9 UPDATE

DREIJ INDS INC ROSE EDIJARO IJ III ET AL

COM NEIJ 130 1/27/93

2,40351.4

26199020 37.6 UPDATE

DREIJ INDS INC ROSE EDIJARO IJ II I ET AL

COM NEIJ 130 1/27/93

2,403 51.4

26199020 37.6 RVSION

FARAH INC MARCIANO GEORGES ET AL

COM 130 3/12/93

2,08828.7

30738710 27.8 UPDATE

~~~.

~'&)1ii.

'"

FEDERAL MOGUL CORP GAMCO INVESTORS INC ET AL

COM 130 3/12/93

3,332 14.9

31354910 16.1 UPDATE

~,

Ii'II GITANO GROUP INC

MARCIANO GEORGES ET AL COM

130 3/ 4/93 867 5.4

37636510 0.0 NEIJ

GRAHAM CORP COM 118 38455610 EHRMAN IJILLIAM ET AL 130 2/26/93 11.3 10.3 UPDATE

GRAHAM CORP COM 118 38455610 EHRMAN WILLIAM ET AL 130 2/26/93 11.3 10.3 RVSION

~ HOHESTAKE DUNDEE

MNG CO BAN CORP INC

COM 130 3/12/93

6,759 4.9

43761410 6.4 UPDATE

NEWS DIGEST. March 17, 1993 7

ACQCISITIONS CONT.

EVENT SHRS(OOO)/ CUSIP/ FI LING NAME AND CLASS OF STOCK/OWNER FORM DATE %OWNED PRIOR% STATUS

HOMESTAKE MNG CO COM 6,759 43761410DUNDEE BAN CORP INC 130 3/12/93 4.9 6.4 RVSION

:DAN SOFTWARE ORO SH 11,860 45151010FORMULA COMPUTING CONSUL ET AL 130 3/ 2/93 46.8 46.8 UPDATE

lOAN SOFTWARE ORO SH " ,860 45151010FORMULA COMPUTING CONSUL ET AL 130 3/ 2/93 46.8 46.8 RVSION

lOAN SOFTWARE ORO SH ~,500 45151010JESSELSON DAVID 130 3/ 2/93 5.9 11.8 UPDATE

IDAN SOFTIIARE ORO SH 1,500 45151010JESSELSON DAVID 130 3/ 2/93 5.9 11.8 RVSION

lOAN SOFTWARE ORO SH 7,500 45151010JESSELSON ERICA ET AL TR BJJ 130 3/ 2/93 3.0 0.3 UPDATE

IDAN SOFTIIARE ORO SH 7,500 45151010JESSELSON ERICA ET AL TR BJJ 130 3/ 2/93 3.0 0.3 RVSION

IDAN SOFTWARE ORO SH 750 45151010JESSELSON ER ICA ET AL TR MGJ 130 3/ 2/93 3.0 3.0 UPDATE

IDAN SOFTIIARE ORO SH 750 45151010JESSELSON ERICA ET AL TR MGJ 130 3/ 2/93 3.0 3.0 RVSION

IMAGINE FILMS ENTMT INC COM 5,264 45291110HG PROOUCTION ET AL 140·1 3/15/93 100.0 100.0 UPDATE

IMAGINE FILMS ENTMT INC COM 5,264 45291110HG PRODUCTION ET AL 140·1 3/15/93 100.0 100.0 RVSION

INCOME OPPORTUNITY RLTY TR SH BEN INT NEW 312 45333720FRIEDMAN WILLIAM S ET AL 130 2/25/93 36.1 34.9 UPDATE

LA QUINTA MTR INNS LTD DEPOSITARY UNIT 359 50419610LA QUINTA MOTOR INNS INC 130 3/ 4/93 9.0 0.0 NEW

LITTLEFIELD ADAMS & CO COM 7 53758110HALBREICH STANLEY I 130 2/ 2/93 0.6 0.0 NEW

PHYSICIAN COMPUTER NETWORK COM 3,014 71999610IBM CREDIT CORP 130 2/22/93 ,13.9 12.7 UPDATE

PHYSICIAN COMPUTER NETIoIORK COM 3,014 71999610IBM CRED IT CORP 130 2/22/93 13.9 12.7 RVSION

RECONDITIONED SYS INC UNITS 0 75624020CAIN EDWARD J ET AL 130 1/ 5/93 0.0 N/A RVSION

RECONDITIONED SYS INC UNiTS 0 75624020CAIN EOIIA~D J ET AL 130 1/ 5/93 0.0 N/A RVS ION

NEWS DIGEST, March 17, 1093

ACQUISITIONS CONT.

EVENT SHRS(OOO)/ CUSIP/ F ILINGNAME AND CLASS OF STOCK/OWNER FORM DATE %OWNED PRIOR% STATUS

SPECTRUM DIAGNOSTICS SPA COM 340 84761710llFESCIENCES TECH PTNR 130 2/25/93 7.0 0.0 NEW

SPECTRUM DIAGNOSTICS SPA COM 340 84761710LIFESCIENCES TECH PTNR 130 2/25/93 7.0 0.0 RVSION

TOPS APPLIANCE CITY INC COM 2,523 89091010GSI ACQUISITION CO LP 130 3/ 3/93 35.1 35.1 UPDATE

TOPS APPLIANCE CITY INC COM 2,523 89091010GSI ACQUISITION CO LP 130 3/ 3/93 35.1 35.1 RVSION

TRANSCONTINENTAL RLTY INVS COM NEW 663 89361720FRIEDMAN WILLIAM S ET AL 130 2/26/93 21.9 21.3 UPDATE

VAlUEVISION INTl COM 2,588 92099310HilLTOP PARTNERS LP ET AL 130 3/ 2/93 23.9 4.0 RVSION

VIROGROUP INC COM 8,000 93199810LAIDLAW INC ET AL 130 3/15/93 20.0 0.0 NEW

VIROGROUP INC COM 8,000 93199810LAIDLAW INC ET AL 13D 3/15/93 20.0 0.0 RVSION

WESTERN MICRO TECHNOLOGY INC COM 277 95864810VENTURE GROWTH ASSOC 130 2/22/93 9.8 7.7 UPDATE

WESTERN MICRO TECHNOLOGY INC COM 277 95864810VENTURE GROWTH ASSOC 130 2/22/93 9.8 7.7 RVSION

WHEELABRATOR TECH INC COM PAR $0.01 106,322 96290130WASTE MANAGEMENT ET AL 130 3/16{93 57.5 57.5 UPDATE

RECENT ax FILINGS

Form 8-K is used by companies to file current reports on the following events:

Item 1. Changes in Control of Registrant.Item 2. Acquisition or Disposition of Assets.Item 3. Bankruptcy or Receivership.Item 4. Changes in Registrant's Certifying Accountant.Item 5. Other Materially Important Events.Item 6. Resignations of Registrant's Directors.Item 7. Financial Statements and Exhibits.Item 8. Change in Fiscal Year.

NEWS DIGEST, March 17, 1993 9

The companies listed below have filed 8-K reports for the date indicated and/or f amendments to 8-K reports previously filed, responding to the item(s) of the form specified. Copies of the reports may be purchased from the Commission's Public Reference Room (when ordering, please give the date of the report). An invoice will be included with the requested material when mailed.

STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 6 DATE COMMENT

ENZO BIOCHEM INC EVERGREEN INFORMATION FARMER MAC ACCEPTANCE

TECHNOLOGIES CORPORATION

INC NY CO)(

)()( X

X X

03/03/93 03/01/93 02/25193

FIRST FIRST

ABILENE CHICAGO

BANKSHARES CORP

INC TX)(DE X

X 02/15/9303/05/93

FIRST SUN SOUTH CORP SC X 03/05/93 FIRST USA BANK FIRST USA CREDIT CARD TRU DE X X 02/16/93 fIRST USA BANK FREMONT ENERGY

FIRST CORP

USA CREDIT CARD TRU DE UT

X X

X 02/16/9303/01/93

FRIES ENTERTAINMENT INC DE X 01/01/93 GE CAPITAL MORTGAGE SERVICES INC NJ X X 02/25193 GEORGIA PACIFIC CORP GA X X 03/05/93 GERBER PRODUCTS CO GROSSMANS INC HEALTH PROFESSIONALS INC IDE

MI DE DE

X

X

X

X

X

X

02/10/9302/15/9303/03/93

HOMECORP INC HOMES TAKE MINING CO IDEI

DE DE X

X X

X 02/26/93 03/03/93

HOUSING SECURITIES INC INYI NY X X 02125193 HOUSING HOUSING

SECURITIES SECURITIES

INC INC

MOR PAS M0RTGAGE

TH CERT S PASS TH

NY DE

X X

X X

02/25/9302/25/93

INDIANA UNITED BAN CORP IN X 02/19/93 INTERLINE RESOURCES CORP UT X 01/06/93 JONES MEDICAL INDUSTRIES KEYSTONE FINANCIAL INC

INC IDEI DE PA

X X

X

02/12/9303/02/93

KOGER EQUITY INC LASER RECORDING SYSTEMS LAWYERS TITLE CORP

INC fL NJ VA

x X

X

X

X

03/01/93 02/25/9303/03/93

LIMITED INC MACMILLAN BLOEDEL LTD

DE X

X

X X 03/04/93

02/06/93 MANDl OF ESSEX LTD DE X 02/26/93 MANUFACTURED HOUSING CON SEN MARGO NURSERY FARMS INC MARINE MIDLAND AUTO FIN CORP MARINE MIDLAND AUTO FIN CORP

SUB PASS TH

MARINE MIDl MARINE MIDL

fL NY NY

X X X

X

X

X

X

12/15/9303/05/9302/16/9302116/93

MARQUEST MEDICAL PRODUCTS INC CO X X 03/04/93 MBNA AMERICA BK NATl ASSOC MBNA MASTER C X 01/14193 MCI COMMUNICATIONS CORP DE X 03/12/93 MEDI DATA INTERNATIONAL INC NY X X 03/02/93 MEDIA VISION TECHNOLOGY INC MEDICAL RESOURCE COMPANIES OF AMERICA

DE CA

X X

X

02/26/9307/10/92 AMEND

MELLON BANK CORP MERRILL LYNCH MORTGAGE MIDLANTIC CORP

INVESTORS INC PA DE NJ X

X

X

X

02/25/9302/25/9303/08/93

MILESTONE- PROPERTIES INC ML ASSET BACKED CORP MNX INC NANTUCKET INDUSTRIES INC NORWEST BANK IOWA N A NORWEST MASTER TRUST

DE DE MO DE X

X X

X

X

X

X

X X

X

12/21/9201/15/9302/18/9302/22/9303/08/9303/08/93

AMEND

NEWS DIGEST, March 17, 1993 10

8K REPORTS CONT.

STATE 8K ITEM NO. NAME OF ISSUER CODE 12345678 DATE COMMENT ._---------_._-------------------------- --------------- ------_ .. ORANGE & ROCKLAND UTILITIES INC NY X 02/23/93PACIFIC GAS & ELECTRIC CO CA X 03/02/93PET INC DE X 03/05/93PRESTON CORP Me X X X 02/19/93PROPERTY RESOURCES FUND IX CA X X 02/22/93QUANTUM HEALTH RESOURCES INC/DE DE X X 03/05/93REPOSSESSION AUCTION INC DE X 03/01/93RESHONE INTERNATIONAL INVESTMENT GROUP L DE X 08/31/92 AMEND SAVIN CORP DE X X 02/17/93SCOTTS COMPANY DE X X 02/23/93SEARS MOR SEC CORP IND RT ADJ RT MOR PAS DE X X 02/28/93SEARS MOR SEC CORP INDI RT ADJ RT MOR PA DE X X 02/28/93SEARS MOR SEC CORP MUL CLASS MOR PASS TH DE X X 02/28/93SEARS MOR SECURITIES CORP LIBOR MOR PASS DE X X 02/28/93SEARS MaR SECURITIES CORP LIBoR MoR PASS DE X X 02/28/93SEARS MOR SECURITIES CORP LIBoR MOR PASS DE X X 02/28/93SEARS MORT SEC CORP ADJ RATE MORT PASS T DE X X 02/01/93SEARS MORT SEC CORP ADJ RATE MORT PASS T DE X X 02/01/93SEARS MORT SEC CORP ADJ RATE MORT PASS T DE X X 02/01/93SEARS MORT SEC CORP ADJ RATE MORT PASS T DE X X 02/01/93SEARS MORT SEC CORP ADJ RT MORT PAS THRo DE X X 02/01/93SEARS MORT SEC CORP ADJUST RATE MOR PAS DE X X 02/28/93SEARS MORT SEC CORP ADJUST RATE MoR PAS DE X X 02/28/93SEARS MORT SEC CORP ADJUST RATE MORT PA DE X X 02/28/93SEARS MORT SEC CORP MORT PASS THRO CERT DE X X 02/01/93SEARS MORT SEC CORP MORT PASS THRO CERT DE X X 02/01/93SEARS MORT SEC CORP MU CLA MORT PASS THR DE X X 02/01/93SEARS MORT SEC CORP MULT CL MOR PAS THR DE X X 02/28/93SEARS MORT SEC CORP MULT CLA MORT PAS TH DE X X 02/28/93SEARS MORT SEC CORP MULTI CLASS MaR PAS DE X X 02/28/93SEARS MORT SEC CORP MULTI CLASS MOR PAS DE NO ITEMS 02/28/93SEARS MORT SEC CORP MULTI CLASS MOR PASS DE X X 02/28/93SEARS MORT SEC CORP MULTI CLASS MOR PASS DE X X 02/28/93SEARS MORTGAGE SEC COR MUL CLA PA THR CE DE X X 02/01/93SEARS MORTGAGE SEC CORP ADJ RAT MoR PAS DE X X 02/01/93SEARS MORTGAGE SEC CORP CoFI 140 PA TH CE DE X X 02/28/93SEARS MORTGAGE SEC CORP COFI 140 PA TH CE DE X X 02/28/93SEARS MORTGAGE SEC CORP COFI MOR PAS THR DE X X 02/28/93SEARS MORTGAGE SEC CORP MU CL 140 PA TH C DE X X 02/01/93SEARS MORTGAGE SEC CORP MU CL 140 PA TH C DE X X 02/28/93SEARS MORTGAGE SEC CORP MUL CL MOR PAS T DE X X 02/28/93SEARS MORTGAGE SECURITIES COR MU CL 140 P DE X X 02/28/93

SEARS MORTGAGE SECURITIES CORP MU CL 140 DE X X 02/28/93SEARS SAVINGS BANK MORT PASS THRO CERT S CA NO ITEMS 11/02/92 IIMEND

SEARS SAVINGS BANK MORT PASS THRO CERT S CA NO ITEMS 12/17/92 AMEND

SEARS SAVINGS BANK MORT PASS THRO CERT S CA X X 02/01/93

SECTOR ASSOCIATES LTD DE X X 02/26/93

SMALLS OILFIELD SERVICES CORP DE X X 03/01/93

SOCIETY FOR SAVINGS BANCORP INC DE X 03/04/93

SOUTHERN CALIFORNIA EDISON CO CA X X 03/02/93SOUTHSIDE BANCSHARES CORP 140 X 03/08/93

STANLEY I.IQRKS CT X X 03/03/93

NEWS DIGEST, March 17, 1993 11

8K REPORTS CONT.

STATE 8K ITEM NO.

NAME OF ........... --

ISSUER -_ .... _ .. --- -_ .... _ ... - .. --_ ... ---_ ..... ---_ ..

CODE 12345678 - ....... --_ ..... ---_ ... -

DATE -------.

COMMENT

TEll CON ICS INC TEXACO INC THERMIJOOO CORP TIMES MIRROR CO TIPPERARY CORP TYREX OIL CO UGI CORP /NE\J/UJB FINANCIAL CORP /NJ/UNIQUE MOBILITY INC UNISYS RECEIVABLES INC UNIVERSAL MANUFACTURING CO VINEYARD NATIONAL BANCORP IJ \J CAPITAL CORP

DE DE IN DE TX WY PA NJ CO DE NE CA NV

X X X

NO ITEMS X X

X X X X X

X

X X

X X X X

X

X

X

01/15/9303/04/9302/22/9303/03/9312/29/9203/01/9303/08/9303/05/9302/23/9302/24/9302/19/9302/25/9302119/93

AMEND AMEND

IJACHOVIA CORP/ NC UASHINGTON MUTUAL SAVINGS BANK MORT BACK UAVEMAT INC IJESTERN ENERGY MANAGEMENT INC UITT ELI CO YELLOIJ FREIGHT SYSTEM INC OF DELA\JARE

NC \JA DE DE DE DE

X X

X X

X )(

X

X X

03/05/9312/31/9211/09/9203/03/9303/05/9302119/93

AMEND

ZALE CORP 21 INC ALABAMA POIJER CO ALLIANCE \JELL SERVICE INC AMERICAN CONSOLIDATED GROIJTH CORP AMERICAN GENERAL CORP /TX/AMERICAN GENERAL FINANCE CORP AMERICAN MAIZE PRODUCTS CO

DE \JA AL NV DE TX IN ME

X X

)(

X X

X X

X X )(

X X X X

X X X X X

02/25/9301/08/9303110/9303/08/9301/17/9303/05/9303/04/9302126/93

AMEND

AMERICAN MIDLAND CORP NY X X 02/22/93 APPLEBEES INTERNATIONAL INC DE X X 02/26/93

APPLIED SPECTRUM TECHNOLOGIES INC ASSOCIATES CORPORATION OF NORTH AMERICA AYDIN CORP BALCOR REALTY INVESTORS 84 SERIES II BANK OF AME NA TR & SA AS SPNB HO EQ LN BAREFOOT INC /DE BARR LABORATORIES INC BASIC EARTH SCIENCE SYSTEMS INC BEAR STEARNS MOR SEC INC MOR PASS THROUG

MN DE DE IL

DE NY DE DE

NO ITEMS

X X

X

X X

NO ITEMS

X

X X X X

03/03/9303/08/9303/05/9302/24/9302/16/9301/13/9303/08/9303/04/9302125/93

AMEND

BEAR STEARNS MORT SEC INC MOR PASS THR C )( )( 02125/93

BEAR STEARNS MORT SEC INC MORT PASS THRO X X 02125/93 BEAR BEAR BEAR BEAR

STEARNS STEARNS STEARNS STEARNS

MORTGAGE MORTGAGE MORTGAGE MORTGAGE

SEC INC MORT PASS SEC INC MORT PASS SEC INC MORT PASS SECURITIES INC

DE DE DE; OE

)(

X X

X )(

X

X

02/25/9302/25/9302/25/9302/26/93

BELL ATLANTIC CORP BIOCONTROL TECHNOLOGY INC BIOPHARMACEUTICS INC BIOTECHNICA INTERNATIONAL INC BLOCKBUSTER ENTERTAINMENT CORP BOSTON DIGITAL CORP BRUNNER COMPANIES INCOME PROPERTIES BRUNNER COMPANIES INCOME PROPERTIES BRUNNER COMPANIES INCOME PROPERTIES

LP LP LP

DE PA DE DE DE MA

DE DE DE

NO

X X

ITEMS

X X

X X

X

X

X )(

X

)(

)(

X

03/15/9303/11/9303/04/9312/17/9203/07/9303/04/9303/05/9303/05/9303/05/93

AMEND

12 NEWS DIGEST, March 17, 1993