oest November 9, 1990

Issue 90-218

Following is a schedule of Commission meetings which will be conducted under provisions of the Government in the Sunshine Act. In general, the Commission expectsto follow a schedule of holding closed meetings on Tuesdays and open meetings on Thursday morning. Meetings on Wednesday, and if necessary on Thursday afternoons, will be either open or closed according to the requirements of agenda items under

consideration.

Visitors are welcome at all open meetings, insofar as space is available.

Meetings will be held in the Commission Meeting Room, Room lC30, at the Commission's headquarters building. 450 Fifth Street, NW, Washington, DC. Persons wishing to photograph or videotape Commission meetings must obtain permission in advance from the Secretary of the Commission. Persons wishing to tape record a Commission meetingshould notify the Secretary's office 48 hours in advance of the meeting.

CLOSED MEETING - IYESPAY. NOVEMBER 13. 1990 - 2:30 P.M.

The subject matter of the November 13 closed meeting will be: Settlement of injunctive action; Settlement of administrative proceedings of an enforcement nature;Institution of administrative proceedings of an enforcement nature; and Institution

of injunctive actions.

AT TIMES CHANGES IN COMMISSION PRIORITIES REQUIRE ALTERATIONS IN THE SCHEDULING OF MEETING ITEMS. FOR FURTHER INFORMATION AND TO ASCERTAIN WHAT, IF ANY, MATTERS HAVE BEEN ADDED, DELETED OR POSTPONED. PLEASE CONTACT: Daniel Hirsch at (202) 272~2100.

REVOCATION OF PRIVACY ACT SYSTEMS OF RECORDS I

The Commission has revoked two descriptions of systems of records under the Privacy Act, SEC-35 (Investigations and Actions Index System) and SEC-10l (Matters Under Inquiry) that are within the scope of the consolidated description of enforcement records, SEC-102 (Enforcement Files). (ReI. PA-14)

'.

a

ADMINISTRATIVE PROCEEDINGS -ARTHUR ABBA GOLDBERG PERMANENTLY ENJOINED ~ !

The Commission instituted public a~inistrative proceedings against Arthur Abba Goldberg pursuant to Sections 15(b)(6), 15B(c)(4) and l5C(c)(1)(C) of the Securities Exchange Act of 1934 and simultaneously accepted an Offer of Settlement submitted byGoldberg. In the Offer of Settlement, GoldMrg consented to the entry of an Order finding that he had been p&fJIlanently e~o.~n,~d by the U.S. District Court for the Southern District of New Yot\t f;rom, among other things, future violations of the antifraud provisions of the"securities laws in SEC v. Matthews & Wright Group, Inc. et al., and that he had been criminally convicted of mail fraud pursuant to a pleaof guilty by the U.S. District Court for the Central District of California. The Order barred Goldberg from association with any broker, dealer, investment adviser or municipal securities dealer.

The Commission's complaint in the above injunctive action alleged, among other things,that while associated with Matthews & Wright, Inc., a broker-dealer registered with the Commission, Goldberg had committed violations of the federal securities laws in connection with closings of more than $1.2 billion of municipal bonds in 26 offerings in December 1985 and August 1986 prior to certain federal tax law changes (ReI. 34-28593)

{HLLIAM MATHIS BARRED

The Commission announced that it has accepted an Offer of Settlement submitted byWilliam H. Mathis in a previously instituted administrative proceeding (In the Matter of William H. Mathis, Administrative Proceeding File No. 3-7153, instituted March 1,1989). On August 3, 1990, an Administrative Law Judge had issued an Initial Decision in this matter in which she ordered that Mathis be barred from association with anybroker or dealer with the right to reapply for permission to become so associated in a nonsupervisory position after two years. Based upon Mathis's Offer of Settlement,the Commission entered an Order barring Mathis from association with any broker,dealer, investment company, investment adviser or municipal securities dealer, with the right to reapply after five years from the date of the Commission's Order. (ReI.34-28594).

PROCEEDINGS AGAINST ROBERT RIDENOUR

The Commission instituted public administrative proceedings against Robert L. Ridenour (Ridenour). The Order Instituting Public Proceedings alleges that from November 1979 to April 1984, Ridenour conducted a trading scheme whereby he positioned undisclosed nominee accounts (Accounts) between the transactions he effected for his customers and the true market for U.S. government, corporate and municipal debt securities. The order further alleges that Ridenour violated the antifraud provisions of the federal securities laws by making material misstatements and omissions concerning the capacity in which Ridenour conducted the transactions, his beneficial interest in the Accounts, the higher price paid by Ridenour customers purchasing securities throughRidenour. the lower price received by Ridenour customers selling securities throughRidenour and that the profits that accrued in the Accounts were paid to Ridenour. The Order also alleges that Ridenour violated the broker-dealer registrationprovisions when he engaged in the business of effecting transactions without being

2 NEWS DIGEST. November 9. 1990

••

registered with the Commission. The Order further alleges that Ridenour was enjoinedby the u.s. District Court in Iowa for this conduct.

A hearing will be scheduled to take evidence on the staff's allegations and to afford the respondent an opportunity to present any defenses thereto. (Rel. 34-28596)

••••dIViL •••·.f.!~~kl.~~~i:.·::-?'·········· .... :- :.:.:.:.:.;.:/\\::.:.:.: .

ORDER OF PERMANENT INJUNCTION AGAINST JACK JOHNSTON

On October 25, Judge David Sam of the U.S. District Court for Utah permanentlyenjoined Jack M. Johnson (Johnston), a businessman in Houston, Texas, from violating the antifraud and registration provisions of the federal securities laws, following a hearing on cross-motions for summary judgment.

The Court found, among other things, that Johnston initiated a scheme to revive defunct corporations with intent to misappropriate the corporate shell and use the revived entity for distributing unregistered stock. [SEC v. PROS International, Inc., et al., USDC UT, Central Division, Civil Action No. 87-C-07sl S] (LR-12698)

MARK RODDY ENJOINED

The Los Angeles Regional Office announced that on November 5 the Honorable Harry L. Hupp of the Central District of California granted the Commission's Application for Entry of Final Judgment by default against Mark M. Roddy (Roddy).

The complaint alleged that the financial statements included in registrationstatements filed in 1986 by ZZZZ Best Co., Inc. (Z Best), and in its March 17, 1987, quarterly report, contained numerous misrepresentations of material fact, including that Z Best had received millions of dollars in revenues from its nonexistent insurance restoration business. Roddy posed as the principal of a purported property management service, which was in fact a sham entity. On November 23, 1986, Roddy, a Z Best attorney and a Z Best auditor, toured a Sacramento building upon which Z Best had purportedly completed $7 million of insurance restoration work. In fact, no such work had been performed.

The Final Judgment will permanently enjoin Roddy from violations of Section 17(a) of the Securities Act an4 Sections 10(b) , l3(a) and l3(b)(2) of the Exchange Act and Rules lObeS, l2b-20, 13a-13 , 13b2-l and 13b2-2 thereunder. Roddy was criminallyconvicted in connection with his Z Best activities and sentenced to five yearsimprisonment. He is currently incarcerated in federal prison in Texas. [SEC v. Barry J. Minkow, et al., Civil Action No. 90-4361 HLH Sx, C.D. Cal.] (LR-12699)

".-:._.'.:-:., .. -:::- .."

CRIMlNAI..·.PaQC!:EDIN~S·.

JASON SMITH AND OTHERS INDICTED

The U.S. Attorney for the Central District of California and the Denver RegionalOffice announced the unsealipg of a twenty-one count indictment on October 4, 1990 against Jason W. Smith of Jason Smith Petroleum Corporation, Robert G. Long and Ray Martin Hoskins, all residents of the Los Angeles, California area. The indictment

NEWS DIGEST, November 9, 1990 3

alleges mail fraud and the sale of unregistered securities, which carry a maximum fine of $250,000 and five years imprisonment for each count.

The indictment alleges that the defendants raised $2 million from 180 investors nationwide, from 1985 to 1987, by falsely representing that: (1) the corporationwas producing 240 barrels of oil per day from a well that had not been completed; and (2) the corporation was drilling in prime oil country in Wyoming, when in fact, the area was surrounded by dry wells. The indictment also alleged no registrationstatement had been filed as required.

The Denver Regional Office had earlier fil~d an injunctive action in which Smith and the corporation consented to be enjoined from future violations of the antifraud and registration provisions. The defendants subsequently filed bankruptcy because theycould not afford to do an accounting of funds. [U.S. v. Jason Wallace Smith, Robert Gene Long and Ray Martin Hoskins, USDC, Central District of California, Criminal Action File No. 90-CR-7521 (LR-12697)

WILLIAM HOGLUND SENTENCED TO TWO YEARS IN PRISON

The New York Regional Office and the u.S. Attorney for the Eastern District of New York announced that on October 3, pursuant to a guilty plea, William S. Hoglund was sentenced to two years incarceration, two years supervised release, and restitution, as he is able, by a Judge for the u.S. District Court for the Eastern District of New York.

Hoglund pled guilty, by information, to one count of wire fraud. The information charged that Hoglund induced investors to tender funds to him for investment purposes and that Hoglund misappropriated investor funds. The criminal charges stem from the same conduct alleged to be violative in the Commission's complaint against Hoglund.

On May 18, 1990, in a related action brought by the District Attorney's Office for New York County, Hoglund plead guilty and was sentenced to one year of incarceration and five years probation to run concurrently with the federal sentence by a Judge for the New York County Criminal Court (see SEC v. William S. Hoglund, 89 Civ 222,S.D.N.Y.). [U.S. v. William S. Hoglund, 90-CR-160, E.D.N.Y.] (LR-12700)

CIVIL PROCEEDINGS

FIRST INVESTORS AGGRESSIVE HIGH YIELD FUND FIRST INVESTORS BOND FUND FIRST INVESTORS CORPORATE FUND FIRST INVESTORS AGGRESSIVE INCOME FUND

Notices have been issued giving interested persons until December 4 to request a hearing on applications filed by the following for orders under Section 8(f) of the Investment Company Act declaring that they have ceased to be investment companies:FIRST INVESTORS AGGRESSIVE HIGH YIELD FUND, INC., FIRST INVESTORS BOND FUND, INC., FIRST INVESTORS CORPORATE FUND, INC., and FIRST INVESTORS AGGRESSIVE INCOME FUND, INC. (Rels. IC-17844, IC-17845, IC-17846, and IC-17847, respectively - November 6)

NEWS DIGEST, November 9, 1990 4

H()LDI~~••••• ••••• •••••·ri()ii~ id~iiE~ES····· CENTRAL AND SOUTH WEST CORPORATION

A supplemental order has been issued authorizing Central and South West Corporation(CSW) , a registered holding company, to issue and sell up to $500 million of its authorized, but unissued, shares of common stock to CSW's Leveraged Employee Stock Option Plan, authorized by the Commission by order dated October 19, 1990 (HeAR No. 25173), pursuant to a stock purchase agreement between CSW and the LESOP trustee, in a private placement transaction. (ReI. 35-25187)

GEORGIA POWER COMPANY

An order has been issued authorizing Georgia Power Company, an electric public -utili tysubsidiary company of The Southern Company, a registered holding company, to acquirecertain distribution facilities from Atlantic Steel Company for approximately$1,509,607. (ReI. 35-25188)

LISTINd.: ••••••• •••••idm•••••• •• ·ACT.IONS~.£t~ST:rid tI±~¥ED···.TRADING••••

UNLISTED TRADING PRIVILEGES GRANTED

Orders have been issued granting the applications of the following exchanges for unlisted trading privileges in the common stock of issues which are listed and registered on one or more other national securities exchanges and are reported in the consolidated transaction reporting system: Philadelphia Stock Exchange - 13 issues (ReI. 34-28600); Midwest Stock Exchange - 12 issues (ReI. 34-28601); and Boston Stock Exchange - 10 issues (ReI. 34-28602).

DELI STING GRANTED

An order has been issued granting the application of the American Stock Exchange to strike from listing and registration Neco Enterprises, Inc., Common Stock, (40 cents par). Publication of the proposed rule change is expected in the Federal Registerduring the week of November 6. (ReI. 34-28605)

.. -.. .

SELF-REdtJl.AT~B.YOB.GANlZATIONS

PROPOSED RULE CHANGES

A proposed rule change has been filed under Rule 19b-4 of the Securities Exchange Act by the Securities Clearing Corporation (SR-NSCC-90-22) to amend NSCC's clearing fund rules to permit NSCC to pledge non-defaulting members' clearing fund deposits in excess of required deposits. The proposed rule change would also revise NSCC' s clearing fund rules to double the time (from thirty to sixty days) that NSCC has before it must either charge the clearing fund and assess its members for losses or repay loans collateralized by the clearing fund. NSCC also filed the proposed rule change to clarify in what instruments NSCC may invest clearing fund cash. Publication

NEWS DIGEST, November 9, 1990

0f the proposed rule change is expected in the Federal Register during the week of November 6. (ReI. 34-28597)

A proposed rule change has been filed under Rule 19b-4 of the Securities Exchange Act by the Philadelphia Depository Trust Company (SR-PHlLADEP-90-03) to establish an automated program for the transfer between Philadep and its transfer agents of certain securities maintained and controlled by Philadep. The proposed program, called "A Prompt Transfer Service" or "A.P. T. S. ," would replace part of the present registration procedures of transferring securities to and from Philadep and selected transfer agents. Publication of the proposed rule change is expected in the Federal Register during the week of November 6. (ReI. 34-28598)

. .. . .

SECURITIESACT····REGISTRATtONS··········

The following registration statements have 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 managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue.

S-18 EVEREST MEDICAL CORPORATION, 13755 FIRST AVENUE NORTH, MINNEAPOlIS, MN 55441 (612) 473-6262 UNDERWRITER: MILLER JOHNSON & KUEHN INC. (FILE 33-37352-C - OCT. 18)(BR. 10 - NEW ISSUE)

S-18 BEVERLY HILLS FAN COMPANY, 12612 RAYMER ST, NORTH HOLLYWOOD, CA 91605 (818) 982-1002UNDERWRITER: LEVINE A M & CO INC. (FILE 33-37452-LA - OCT. 29) (BR. 9 - NEW ISSUE)

S-l CATERAIR INTERNATIONAL CORP, 7811 MONTROSE RD STE 400, POTOMAC, MO 20854 (301) 309-2800 - 150,000,000 ($150,000,000) FLOATING RATE NOTES. (FILE 33·37468 -NOV. 01) (BR. 12)

S-4 GTE CORP, ONE STAMFORD FORUM, STAMFORD, CT 06904 (203) 965-2000 - 213,000,000($5,362,275,000) COMMON STOCK. (FILE 33-37530 • NOV. 02) (8R. 13)

S-4 MASCOUTEN BANCORP INC, 300 WASHINGTON STREET, BEARDSTOWN, IL (217) 323-4105 (FILE33-37552 - OCT. 31) (BR. 1 - NEW ISSUE)

S-3 DENNING MOBILE ROBOTICS INC, 21 CONCORD ST, WILMINGTON, MA 01887 (508) 658-7800 •3,954,127 ($1,621,192) COMMON STOCK. (FILE 33-37555 - OCT. 31) (BR. 7)

S-8 WET SEAL INC, 64 FAIRBANKS, IRVINE, CA 92718 (714) 583-9029 - 275,000 ($3,815,625)COMMON STOCK. (FILE 33-37556 • OCT. 31) (BR. 6)

S-8 OUTBOARD MARINE CORP, 100 SEA HORSE DR, WAUKEGAN, IL 60085 (708) 689-6200 •1,450,000 ($13,593,750) COMMON STOCK. (FILE 33-37557 - OCT. 31) (BR. 9)

S-4 CASTLE ENTERPRISES INC, 802 AMERICAN TOWERS SOUTH, SALT LAKE CITY, UT (801) 521-4114(FILE 33-37560 - OCT. 31) (BR. 14 - NEW ISSUE)

S-8 BIONET INC, AIRPORT INDUSTRIAL PARK, POBOX 587, WARSAW, IN 46580 (219) 267-6639 -500,000 ($13,812,500) COMMON STOCK. (FILE 33·37561 - OCT. 31) (SR. 8)

N-1A DEAN WITTER MULTI STATE MUNICIPAL SERIES TRUST, TWO WORLD TRADE CENTER, NEW YORK, NY10048 (212) 392·1600 UNDERWRITER: DEAN WITTER REYNOLDS INC. (FILE 33-37562 • NOV. 01)(BR. 16 - NEW ISSUE)

NEWSDIGEST,November9, 1990 6

ISTRATIONS CONTINUED

5-8 ORTHOPEDIC SERVICES INC, 8 VALLEY FORGE EXEC MALL STE 400, 650 E SWEDESFORD RD,WAYNE, PA19081 (215) 681-8080 - 259,893 (S2,598,930) aJ4MON STOCK. (FILE 33-31563 -NOV. 01) (BR. 5)

5-8 COMSHARE INC, 3001 S STATE ST, ANN ARBOR, MI 48108 (313) 994-4800 - 300,000(S5,100,000) aJ4MON STOCK. (FILE 33-31564 - NOV. 01) (BR. 9)

5-8 ONEIDA LTD, CIO INTERNAL AUDITOR, ONEIDA, NY 13421 (315) 361-3636 - 500,000($4,250,000) COMMON STOCK. (FILE 33-31565 - NOV. 01) (BR. 10)

S-8 CENTRAL NEWSPAPERS INC, 135 NORTH PENNSYLVANIA STE 1200, INDIANAPOLIS, IN 46204 (311) 633-9200 - 200,000 ($3,325,000) aJ4MON STOCK. (FILE 33-37566 • NOV. 01) (BR. 12)

S-8 CRACKER BARREL OlD COUNTRY STORE INC, HARTMANN DR, PO BOX 781, LEBANON, TN 31081 (615) 444-5533 - 1,350,000 (S28,350,000) aJ4MON STOCK. (FILE 33-31561 - NOV. 01)(BR. 12)

5-8 INTEGRATED DEVICE TECHNOlOGY INC, 2915 STENDER WAY, SANTA CLARA, CA 95054 (408) 727-6116 - 1,350,000 (S5,906,250) COMMON STOCK. (FILE 33-31568 - NOV. 01) (SR. 3)

5-8 CELLTRONICS INC, 10040 MESA RIM RD, SAN DIEGO, CA 92121 (619) 587-0656 - 700,000(S81,500) COMMON STOCK. (FILE 33-31569 - NOV. 01) (SR. 8)

5-8 INTERNEC CORP, 6001 36TH AVE W, POBOX 4280, EVERETT, WA 98203 (206) 348-2600 -350,000 ($4,068,150) COMMON STOCK. (FILE 33-31570 - NOV. 01) (SR. 10)

5-8 INTERNEC CORP, 6001 36TH AVE W, POBOX 4280, EVERETT, WA 98203 (206) 348-2600 -70,000 (S813,150) aJ4MON STOCK. (FILE 33-31571 - NOV. 01) (BR. 10)

5-8 AG AUTOMOTIVE WAREHOUSES INC, 115 PINE AVE STE 400, LONG SEACH, CA 90802 (213) 495-9644 - 409,000 (S1,194,280) COMMON STOCK. (FILE 33-31572 - NOV. 01) (BR. 2)

5-8 PAMRAPO BANCORP INC, 611 AVE C, SAYONNE, NJ 07002 (201) 339-4600 - 250,000($1,500,000) COMMON STOCK. (FILE 33-31574 - NOV. 01) (SR. 2)

5-8 LEE SARA CORP, THREE FIRST NATL PLZ STE 4400, CHICAGO, IL 60602 (312) 726-2600 -5,000,000 (S143,150,000) COMMON STOCK. (FILE 33-31515 - NOV. 01) (SR. 4)

5-1 WESTERN LIFE INSURANCE CO, 500 BIELENBERG DR, WOODBURY, MN 55125 (612) 738-5590 -100,000,000 (S100,000,000) LIMITED PARTNERSHIP CERTIFICATE. (FILE 33-31576 - NOV. 01) (SR. 20 - NEW ISSUE)

S-3 PENNZOIL CO /DEI, PENNZOIL PL, POBOX 2967, HOUSTON, TX 77252 (713) 546-4000 -400,000,000 ($400,000,000) STRAIGHT BONDS. UNDERWRITER: LAZARD FRERES & CO,LEHMAN SROTHERS. (FILE ~3-31578 - NOV. 01) (SR. 11)

5-8 RAyeHEM CORP, 300 CONSTITUTION DR, MENLO PARK, CA 94025 (415) 361-3428 - 2,000,000(S37,315,000) COMMON STOCK. (FILE 33-31579 - NOV. 01) (SR. 3)

5-8 RAYCHEM CORP, 300 CONSTITUTION DR, MENLO PARK, CA 94025 (415) 361-3428 - 2,400,000(S144,850,000) COMMON STOCK. (FILE 33-31580 - NOV. 01) (SR. 3)

5-1 PHOENIX ADVANCED TECHNOLOGY INC, 4020-400 NEWBERRY ROAD, GAINESVILLE, FL 32607 (904) 372-9585 - 1,150,000 ($4,094,000) COMMON STOCK. 100,000 ($427,000) COMMON STOCK.100,000 WARRANTS, OPTIONS OR RIGHTS. UNDERWRITER: NOBLE INVESTMENT CO. (FILE33-31581 - NOV. 02) (SR. 3)

F-6 ATLAS COPCO AB, ONE WALL ST, CIO IRVING TRUST CO, NEW YORK, NY 10015 (212) 635-8973 - 10,000,000 ($500,000) DEPOSITARY RECEIPTS FOR COMMON STOCK. (FILE 33-31582 -NOV. 02) (SR. 99)

F-6 ATLAS COPCO AB, ONE WALL ST, C/O I~ING TRUST CO, NEW YORK, NY 10015 (212) 635-8973 - 10,000,000 (S500,000) DEPOSITARY RECEIPTS FOR aJ4MON STOCK. (FILE 33-31583 -NOV. 02) (SR. 99)

NEWS DIGEST, November 9, 1990 7

ACQUISITION OF SECURITIES

Companies and individuals must report to the Commission within ten days on Schedule 13D 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 l3D file a Schedule 13G within 45 daysafter 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 14D-1.

Below is a list of recent filings of Schedules 13D and l4D, which includes the following information: Column 1 - 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 shares (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 XCMiED PRIOR" STATUS

CACI INTl INC Cl A 1,133 12719030PARSOW PARTNERSHIP ET Al 13D 11/ 5/90 9.6 8.2 UPDATE

FIRST WESTN FINl CORP COM 418 33753110SHAMROCK ASSOC ET Al 13D 11/ 1/90 6.7 6.1 UPDATE

FORSCHNER GROUP INC COM 427 34659010ElSENER CHARLES 13D 8/29/90 10.9 9.4 UPDATE

GUARANTY BANCSHARES CORP COM 130 40076210FISCHER GEORGE W 13D 10/15/90 7.8 5.3 UPDATE

IDEX CORP COM 2,229 45199310GAMCO INVESTORS INC ET Al 13D 11/ 2/90 20.6 19.6 UPDATE

INTREX FINl SVCS INC COM 299 46119610HEINE SECURITIES CORP 13D 10/31/90 7.3 8.7 UPDATE

IVA.)(CORP COM 5,432 46582310FROST PHIllIP ET Al 130 10/31/90 31.0 29.8 UPDATE

LVI GROUP INC COM 3,050 50243910GAMCO INVESTORS INC ET Al 130 11/ 2/90 14.3 15.5 UPDATE

MOUNTAIN NED EQUIP INC COM 253 62422010SHEA EDMUND H JR 130 11/ 2/90 7.6 6.9 UPDATE

MUl TlVEST CORP COM 970 62590610STERLING ROBERT M JR 130 5/14/90 11.1 0.0 RVSION

NYCAl CORP COM 1,260 67066010ARIMATHAEA HlDGS 130 8/31/90 16.0 9.4 UPDATE

NEWS DIGEST, November 9, 1990 8

--------

CQUISITIONS CONT.

EVENT SHRS(OOO)I CUSIPI FILINGNAME AND CLASS OF STOCK/OWNER FORM DATE XOWNEP PRIORX STATUS

PERINI CORP C(IIJ 399 71383910HARRIS ASSOCIATES INC 13D 10/26190 10.2 11.2 UPDATE

REPUBLIC PICTURES CORP CL A 265 76072610MACK JEROME D 13D 9/13/90 9.0 7.9 UPDATE

TECH SYM CORP C(IIJ 438 87830810DYSON-KISSNER-MORAN CORP ET AL 13D 11/ 2/90 7.1 7.5 UPDATE

ULTIMATE CORP C(IIJ 924 90384810ELOWIT2 NORMAN 13D 10/30/90 10.4 9.1 UPDATE

VENTURA ENTMT GROUP LTD C(IIJ 455 92321810NETWORTH PARTNERS L P 13D 11/ 5/90 5.9 6.9 UPDATE

RECENT8K'ILING~/ .:

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.

The companies listed below have filed 8-K reports for the date indicated and/oramendments 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 SIC ITEM NO. NAME OF ISSUER CODE 12345678 DATE COMMENT

----------.----------------------------- ---------------AS INGTON BANCORP INC DE X 10/16190 ACA JOE INC DE X X 10/22190 AMERICAN ADVENTURE INC IDEI DE X 10123/90 AMERICAN BIONETICS INC CA X 11/01/90 AMERICAN MORTGAGE SECURITIES INC WI X X 10126190 APPLE BANCORP INC DE X X 10/01/90 AMEND BAKER MICHAEL CORP PA X 08122190 AMEND BANKEAST CORP . NH X X x 10/05/90 BAROID CORPORATION IDE DE X X 10129/90BELVEDERE CORP DE X 10/31/90 BOGEN CORP DE X 11/01/90

NEWS DIGEST, November 9, 1990

SK REPORTS CONT.

STATE SIC ITEM NO. NAME OF ISSUER COOE 12345678 DATE C(M4ENT--------.------------------------------- ---.--.----.--- --------BRAUVIN HIGH YIELD FUND L P II DE X 05/08/90 AMEND BRILL HYGENIC PRODUCTS INC NV NO ITEMS 11/06/90CAROL CO PICTURES INC DE X X 10/17/90CHASE CORP MA X X 10/26/90CITIBANK FEDERAL SAVINGS BANK DE X X 10/25/90CITICORP MORTGAGE SECURITIES INC DE X 10/30/90CLARITY HOLDINGS CORP DE X 11/06/90CLARK DICK PRODUCTIONS INC DE X 06/14/90 AMEND COLUMBIA GAS SYSTEM INC DE X X 11/07/90COMMERCIAL CREDIT CO DE X 11/06/90CONQUEST VENTURES INC CO X X X 09/22/90CONSOLIDATED CAPITAL GROWTH FUND CA X X 10/23/90CONSOLIDATED CAPITAL INSTITUTIONAL PROPE CA X X 10/23/90CONSOLIDATED CAPITAL INSTITUTIONAL PROPE CA X X 10/23/90CONSOLIDATED CAPITAL INSTITUTIONAL PROPE CA X X 10/23/90CONSOLIDATED CAPITAL PROPERTIES I CA X X 10/23/90CONSOLIDATED CAPITAL PROPERTIES II CA X X 10/23/90CONSOLIDATED CAPITAL PROPERTIES III CA X X 10/23/90CONSOLIDATED CAPITAL PROPERTIES IV CA X X 10/23/90CONSOLIDATED CAPITAL PROPERTIES V CA X X 10/23/90CONSOlIDATED CAPITAL PROPERTIES VI CA X X 10/23/90CONSOLIDATED CAPITAL PROPERTIES VII CA X X 10/23/90CONSOLIDATED CAPITAL VENTURE PROPERTIES CA X X 11/23/90CONSOLIDATED RESOURCES HEALTH CARE FUND GA X 10/25/90 AMEND CORNERSTONE MORTGAGE INVESTMENT GROUP II DE X X 10/26/90CORPORATE DATA SCIENCES INC CA X 10/31/90CUMMINS ENGINE CO INC IN X 11/06/90DIAGNOSTEK INC DE X 09/18/90DIVERSIFIED HISTORIC INVESTORS V PA X 10/16/90DIVERSIFIED HISTORIC INVESTORS VI PA X 10/15/90DONASPHERE LTD CO X X 11/05/90ENERGY VENTURES INC /DE/ DE X X 10/22/90FIREMANS FUND MORTGAGE CORP DE X X 10/29/90fIRST NATIONUIDE BANK SERIES 1989 AMRES- X 10/25/90FIRST NATIONUIDE BANK SERIES 1989 AMRES- X 10/25/90FIRST NATIONWIDE BANK SERIES 1989 AMRES- X 10/25/90FIRST NATIONUIDE BANK SERIES 1989 FNB-1 X 10/25/90FIRST NATIONUIDE BANK SERIES 1989 FNB-2 X 10/26/90FIRST NATIONUIDE BANK SERIES 1989 ICAMC- CA X 10/25/90FIRST PALMETTO FINANCIAL CORP DE X X X X 10/31/90FIRST PEOPLES FINANCIAL CORP NJ X 09/19/90FLORIDA POWER & LIGHT CO Fl X X 11/01/90GALACTIC RESOURCES LTD X 08/31/90 AMEND GALACTIC RESOURCES LTD X X 11/05/90GENERAL DEVELOPMENT CORP DE X X 11/05/90 '" GLENDALE FEDERAL BANK FEDERAL SAVINGS BA X X 09/24/90GLENDALE FEDERAL BANK FEDERAL SAVINGS BA X X 09/25/90GLENDALE FEDERAL BANK FEDERAL SAVINGS BA X X 09/25/90GLENDALE FEDERAL BANK FEDERAL SAVINGS BA X X 09/25/90GLENDALE FEDERAL BANK FEDERAL SAVINGS BA X X 09/25/90GLENDALE fEDERAL BANK FEDERAL SAVINGS SA X X 09/25/90GLENDALE FEDERAL BANK fEDERAL SAVINGS BA X X 09/25/90

10 NEWS DIGEST, November 9, 1990

---------------

8K REPORTS CONT.

STATE SIC ITEM NO. NAME OF ISSUER CODE 12345678 DATE C(J4MENT----- .._._---------._------------------- --_ ..... _--GLENDALE FEDERAL BANK FEDERAL SAVINGS BA X X 09/25/90GLENDALE FEDERAL BANK FEDERAL SAVINGS BA X X 09/25/90GLENDALE FEDERAL BANK FEDERAL SAVINGS BA X X 09/25/90GLENDALE FEDERAL BANK FEDERAL SAVINGS BA X X 09/25/90GMBS INC DE X X 10/25/90GM8S INC DE X X 10/29/90GOlD COIN MINING INC WA X 09/07/90 AMEND GOlD EXPRESS CORP WA X X 09/13/90GOlD EXPRESS CORP WA NO ITEMS 09/13/90 AMEND GREAT AMERICAN INDUSTRIES INC DE X X 10/22/90GREAT WESTERN BANK MORTGAGE PASS THROUGH DE NO ITEMS 09/30/90GREAT WESTERN BANK MORTGAGE PASS THROUGH NO ITEMS 09/30/90GREAT WESTERN BANK MORTGAGE PASS THROUGH DE NO ITEMS 09/30/90GREAT WESTERN BANK MORTGAGE PASS THROUGH DE NO ITEMS 09/30/90GREAT WESTERN BANK MORTGAGE PASS THROUGH DE NO ITEMS 09/30/90GREAT WESTERN BANK MORTGAGE PASS THROUGH DE NO ITEMS 09/30/90GREAT WESTERN BANK MORTGAGE PASS THROUGH DE NO ITEMS 09/30/90GREAT WESTERN BANK MORTGAGE PASS THROUGH DE NO ITEMS 09/30/90GULFBANKS INC TX NO ITEMS 10/10/90HOME EQUITY LOAN ASSET BACKED CERTIFICAT DE X 10/22/90HOME EQUITY LOAN ASSET BACKED CERTIFlCAT X 10/29/90IMC INDUSTRIES INC DE X 08/31/90INSTITUTIONAL PROPERTIES 4 CA X X 10/23/90IOWA RESOURCES INC IA X X 11/02/90IOWA SOUTHERN INC IA X 10/25/90IOWA SOUTHERN UTILITIES CO DE X 10/25/90ISRAMCO INC DE X X 10/31/90JACOR COMMUNICATIONS INC OH X 08/30/90JACOR COMMUNICATIONS INC OH X 09/13/90JACOR COMMUN ICATIONS INC OH X 09/20/90JACOR COMMUN ICATIONS INC OH X 09/28/90JACOR COMIIJNlCATIONS INC OH X 10/15/90JANCO LTD CO X 11/01/90JOHNSTOWN CONSOLIDATED INC(J4E PARTNERS 1 CA X X 10/23/90JOHNSTOWN CONSOLIDATED INCOME PARTNERS 2 CA X X 10/23/90KLEINERTS INC /PA/ PA X X 10/12/90 AMEND NBC CORP CA X 08/31/90 AMEND MICROLOG CORP VA X X 10/26/90MIDWEST ENERGY CO IA X X 11/02/90MIDWEST RESOURCES INC IA X X 11/07/90MLH INCOME REALTY PARTNERSHIP V NY X X 10/22/90MLH INCOME REALTY PARTNERSHIP VI NY X X 10/22/90MMR HOLDING CORP DE X X 10/19/90MORGAN J P ACCEPTANCE CORP I /DE/ DE X X 10/30/90MULTI BENEFIT REALTY FUND 87-1 CA X X 10/23/90NEW ENGLAND ELECTRIC SYSTEM MA X 11/08/90OFFSHORE LOGISTICS INC DE X X 10/31/90OHIO CASUALTY CORP OH X X 10/17/90

NEWS DIGEST, November 9, 1990 I:

3K REPORTS CONT.

STATE SIC ITEM NO. NAME OF ISSUER CODE 12345678 DATE· COMMENT ------.-------------._._----------------OIS OPTICAL IMAGING SYSTEMS INC ORTHOPEDIC SERVICES INC PIEDMONT FEDERAL CORP PLM EQUIPMENT GROWTH FUND POSSIS CORP ROBERTS PHARMACEUTICAL CORP ROBERTS RICHARD REAL ESTATE GR~TH TRUST ROCHESTER COMMUNITY SAVINGS BANK ROYALE GROUP LTD 5&T BANCORP INC SANFORD CORP SCANDINAVIA COMPANY INC SECURITY PACIFIC CORP SHEARSON LEHMAN BROTHERS HOLDINGS INC STAAR SURGICAL CORP STRUCTURED ASSET SECURITIES CORPORATION TECHNICLONE INTERNATIONAL CORP TECHNOLOGY 80 INC TEXAS EASTERN TRANSMISSION CORP TIC INTERNATIONAL CORP TODD SHIPYARDS CORP TONS OF TOYS INC UNDERWRITERS RE CORP UNllAB CORP UNITED MERCHANTS & MANUFACTURERS INC UNIVERSITY PATENTS INC USF&G CORP VALHI INC /DE/ VALSPAR CORP VAN DORN CO VIPONT ROYALTY INCOME FUND LTD WALL TO WALL SOUND & VIDEO INC WESTERN COMMUNITY BANCORP ZILA INC

DE DE DE CA MN. NJ MA NY DE PA IL

DE DE DE DE CA MN DE DE NY DE DE CO DE DE HI)

DE DE OH CO PA CA DE

--------.------X

X X X X X

X X

X

X X X

X

X

X X

X X

X

X

X

NO ITEMS X X X

X

X X

X X X

X

X

X

X X X

X

X X

X X X X

X X X

X X

X X

X

--------11/02/9009/28/9011/05/9005/18/9010/31/9010/25/9008/24/9010/17/9010/29/9008/20/9010/23/90 08/15/9010/15/9011/02/9010/22/9010/30/9010/26/9011/02/9010/09/9010/19/9011/05/9011/~/9O11/01/9010/26/9011/02/9010/29/9011/07/9010/31/9010/26/9011/02/9011/05/9011/06/9010/12/9011/06/90

AMEND

AMEND

AMEND

NEWS DIGEST, November 9, 1990 12