12
sec news digest Issue 91-208 October 28. 1991 LIBRARY EFFECTS OF MOVE TO NEW OPERATIONS CENTER EXCHANGE COMMISSION The SEC has scheduled the Veterans Day holiday weekend to move its data processing operations and staff to the new Operations Center site in Virginia. SEC's mainframe functions (those operated by the Office of Information Systems Management and by the Office of EDGAR Management) will be shut down at 5:30 p.m. and 5:00 p.m. respectively on Thursday, November 7, 1991. We expect to be fully operational by 9 :00 a.m. on Tuesday, November 12. Considering the complexity of this move, however, there is at least a possibility that the shutdown may be extended through 9:00 a.m. on Wednesday, November 13. The EDGAR Pilot operation will not be shut down. The Form 8-K listings and registration filings usually printed in the Digest will not be available during this transition period. Dissemination of paper filings to the press and Public Reference Room will not be disrupted. OREGON TELEPHONE PROMOTER CONSENTS TO INJUNCTION The Commission announced that on August 27 Kurt L. Hagerman of Salem, Oregon was enjoined by consent from violation of the registration and antifraud provisions of the federal securities laws. It was alleged that he misrepresented, among other things, the use of investor funds in connection with sales of investment contracts and limited partnership interests. Hagerman and his wholly controlled company sold 1,180 telephone booths and locations to investors, promising them a monthly income check from pay phone collections. It was alleged that he used funds from new investors to pay the monthly income due previous investors. It was also alleged that he concealed his poor financial condition and that of his company, which filed under the Bankruptcy Code in mid- 1989. The Commission acknowledges the assistance of the Oregon State Department of Commerce and its Securities Division in the investigation leading to the permanent injunction. [SEC v. Kurt L. Hagerman, C91-6374-JO, D.OR] (LR-13056) 1

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sec news digestIssue 91-208 October 28. 1991 LIBRARY

EFFECTS OF MOVE TO NEW OPERATIONS CENTER EXCHANGE COMMISSION

The SEC has scheduled the Veterans Day holiday weekend to move its data processingoperations and staff to the new Operations Center site in Virginia.

SEC's mainframe functions (those operated by the Office of Information SystemsManagement and by the Office of EDGAR Management) will be shut down at 5:30 p.m. and 5:00 p.m. respectively on Thursday, November 7, 1991. We expect to be fullyoperational by 9 :00 a.m. on Tuesday, November 12. Considering the complexity of this move, however, there is at least a possibility that the shutdown may be extended through 9:00 a.m. on Wednesday, November 13. The EDGAR Pilot operation will not be shut down.

The Form 8-K listings and registration filings usually printed in the Digest will not be available during this transition period. Dissemination of paper filings to the press and Public Reference Room will not be disrupted.

OREGON TELEPHONE PROMOTER CONSENTS TO INJUNCTION

The Commission announced that on August 27 Kurt L. Hagerman of Salem, Oregon was enjoined by consent from violation of the registration and antifraud provisions of the federal securities laws. It was alleged that he misrepresented, among other things, the use of investor funds in connection with sales of investment contracts and limited partnership interests.

Hagerman and his wholly controlled company sold 1,180 telephone booths and locations to investors, promising them a monthly income check from pay phone collections. It was alleged that he used funds from new investors to pay the monthly income due previous investors. It was also alleged that he concealed his poor financial condition and that of his company, which filed under the Bankruptcy Code in mid-1989.

The Commission acknowledges the assistance of the Oregon State Department of Commerce and its Securities Division in the investigation leading to the permanent injunction.[SEC v. Kurt L. Hagerman, C91-6374-JO, D.OR] (LR-13056)

1

FINAL JUDGMENT OF PERMANENT INJUNCTION ENTERED AGAINST JAY KENNETH COX

The Commission announced that on September 30 Judge James H . Jarvis of theU. S. District Court, Eastern District of Tennessee, entered a Final Judgment of Permanent Injunction against Jay Kenneth Cox of Bristol, Tennessee. Cox was employed as a registered representative of J.J.B. Hilliard, 'W.L. Lyons, Inc., a broker-dealer registered with the Commission. The final judgment enjoins him from future violations of the antifraud provisions of the Securities Exchange Act 1934 and rules thereunder. Cox consented to the entry of the Final Judgment without admitting or denying the allegations in the complaint.

The Commission's complaint filed on September 30 alleges that Cox, during the periodfrom in or about October 1987 through November 1988, effected unauthorized sales of securities from customer accounts and effected unauthorized margin loans to a customer account. The complaint also alleges that he forged customers' signatures to letters instructing that his brokerage firm issue checks to customers, forged customers' endorsements to checks issued by his firm and deposited checks payable to his customers into his own accounts for his own use and benefit. Cox had previously pledguilty in Tennessee state court to 31 felony counts including grand larceny, forgery and uttering a forged instrument and was sentenced to four years in prison. [SEC v. Jay Kenneth Cox, Civil Action No. 3-91-572, USDC, E.D. Tenn.] (LR-13057)

FINAL JUDGEMENT OF PERMANENT INJUNCTION ENTERED AGAINST JAMES HARDIN

The Commission announced that on September 30 Judge James H. Jarvis of the U.S. District Court, Eastern District of Tennessee, entered a Final Judgment of Permanent Injunction and Other Equitable Relief against James M. Hardin of Knoxville, Tennessee. Hardin was employed as a registered representative of Merrill Lynch, Pierce, Fenner & Smith. The Final Judgment enjoins him from future violations of the antifraud provisions of the Securities Exchange Act of 1934 and rules thereunder and orders disgorgement of his ill-gotten gains. Hardin consented to the entry of the Final Judgment without admitting or denying the allegations in the complaint. The Commission'S complaint filed on September 30 alleges that Hardin misdirected customer funds and engaged in unauthorized securities options trading resulting in customer losses in excess of $1 million, directly misappropriated funds from his customers in the amount of $129,105 and earned commissions of $44,609 from his unauthorized trading. [SEC v . James M. Hardin, Civil Action No. 3-91-571, USDC, E.D. Tenn.,September 30] (LR-13058)

'WILLARD MAY INDICTED

The Commission announced that on October 11 a Randall County, Texas (Amarillo) grand jury returned six indictments against 'Willard ~. May (May) of Alpharetta, Georgiacharging him with fraud in connection with the offer and sale of first mortgage bonds issued by Church and Institutional Facilities Development Corporation (C&I).

NEWS DIGEST, October 28, 1991 2

The six indictments charge that May, in the offer and sale of securities,misrepresented material facts and omitted material facts concerning a number of subj ectsinc1uding the availability of insurance coverage indemnifying C&I bondholders against loss and the collateral position of C&I on certain loans made by C&I from proceeds of bond sales. The misrepresentations and omissions also concerned the availability of revenues to C&I from repayment of long-term loans to pay principal and interest on short-term bonds, the failure of C&I to follow its mandatoryguidelines for making loans and the issuance of a Temporary Restraining Order againstAmerican Casualty and Surety Corporation and May in April 1989. The TemporaryRestraining Order prohibited the issuance of additional bond indemnification policiesand/or the renewal of existing policies. {State of Texas v. Willard E. May, 7704-A] (LR-13059)

INDICTMENT CHARGES TWO WITH CONSPIRACY, SECURITIES FRAUD, FALSE FILINGS AND MONEY LAUNDERING

The Commission and Charles H. Turner, U.S. Attorney for the District of Oregon,announced the filing of a ten-count indictment in the U.S. District Court for the District of Oregon on October 9 against George R. Heublein, formerly the presidentof Me1ridge, Inc. who is now a fugitive and was last believed to be in Guatama1a, and Gordon H. F1attum, a certified public accountant of Tacoma, Washington. The indictment Charges both defendants with conspiracy to defraud the United States,securities fraud, three counts of false filings with the SEC and money laundering.Heublein was additionally charged with four counts of bank fraud. [U.S. v. GeorgeR. Heublein and Gordon H. F1attum, No. CR 91-349, District of Oregon] (LR-l3060)

PRUDENTIAL-BACHE CORPORATE DIVIDEND FUND

An order has been issued under Section 8(f) of the Act declaring that Prudential-Bache Corporate Dividend Fund, Inc. has ceased to be an investment company. (Re1.IC-18375 - October 23)

METROPOLITAN SERIES FUND

A conditional order has been issued under Section 6(c) of the Investment Company Act exempting Metropolitan Series Fund, Inc. from the provisions of Section l2(d)(3) of the Act and Rule 12d3-1 thereunder. The exemptions apply to the extent necessary to permit applicant to acquire securities of certain foreign issuers engaged in securities related activities in accordance with the conditions of the proposedamendments to Rule l2d3-1. (Re1. IC-18376; International Series Release No. 333 -October 23)

GENERAL CINEMA CORPORATION

A conditional order has been issued under Sections 6(c) and 6(e) of the Investment Company Act exempting applicant from all provisions of the Act except Sections 9, 36, 37, and, subject to certain exceptions, Sections l7(a), 17(d), l7(e) and l7(f). The applicant is exempted until the earlier of September 30, 1992 or the date that applicant would no longer be considered an investment company under the Act. (Rel.IC-18377 - October 24)

NEWS DIGEST, October 28, 1991 3

FREEDOM INVESTMENT TRUST

A notice has been issued giving interested persons until November 19 to request a hearing on an application filed by Freedom Investment Trust, et al. for an order under Section 6(c) of the Investment Company Act exempting applicants from Sections l8(f), l8(g) and l8(i) of the Act. The order would permit the Funds to issue three classes of shares representing interests in the same portfolio of securities for the purpose of establishing a multi-class distribution system. (ReI. IC-18378 - October 24)

« .•B/.·.Oii.1'~.•.·I< .••.•·.··.·.·.L.:.· .• •.·••..•••.••.· ..•".•• · •.• ·.··.0·.·.·· •. ~ ' .•.•.• .•.•.••.••.•..••.•...1l.i.··.··.·· .•• c·.<.·~.··.··.··.··.··.· •..•...•..••.••.•..•.. ~ .••..•...•.•..~.>.·.·.· ··.·.···.· .•·.·.···.. ." ...........................••••••••••·...·i).;.. ..•·.•• •••.· •.JI ·.•·.·.·••·i .. ··••••••••••••••••.••.U · .•:.· .••. <.•••....••.,.·.··.···TV.·.··.····. ·· ~.••.••.•.•..•.••...•. '" ··.•·.a··.··.··.··.·.·· .•.·E·.··.•. ··· .• •.• ·.··8.. H>············ ·•.•..•...•.••...•..•.".... ., ... ~", .. ~ ..... <oI:"Q&'t.l.. "ft ",~: ,~401~ , .. ... ·-:·:-·:::>::?:::::<{:):)?)~}{{(~}\(\i?f{fU?f!r!iii~)i!;ji)!i;{/f1iUf)f)}}::::<::" ".

ENTERGY SERVICES, INC.

A supplemental order has been issued authorizing a proposal by Entergy Services, Inc. (Services), a subsidiary service company of Entergy Corporation (Entergy), a registered holding company. By order dated September 17, 1991 (HCAR No. 25376),Services was authorized to borrow from Entergy and/or from one or more banks from time to time through December 31, 1993, up to an aggregate principal amount of $66.6 million of a total $90 million in proposed borrowings pursuant to new loan agreements.Jurisdiction was reserved over a proposed $23.4 million of additional borrowings to be made through December 31, 1993. The supplemental order releases jurisdiction over such additional borrowings. (ReI. 35-25395)

EASTERN UTILITIES ASSOCIATES

An order has been issued authorizing Eastern Utilities Associates (EUA), a registeredholding company, and EUA Cogenex Corporation (Cogenex), a subsidiary company of EUA, to extend Cogenex's authority to borrow up to $100 million until December 31, 1993. Such borrowing may include the issuance and sale of $35 million long-term unsecured notes to institutional investors of which Cogenex will sell $20 million to The Prudential Insurance Company of America or one or more of its affiliates. For the period ending December 31, 1993, EUA may make investments in Cogenex of up to $50,000,000; borrow up to $25 million under the EUA system credit lines; and guaranteeCogenex's borrowings under the EUA system credit lines. (ReI. 35-25396)

UNLISTED TRADING PRIVILEGES GRANTED

An order has been issued granting the application of the Pacific Stock Exchange for unlisted trading privileges in 11 issues which ~re listed and registered on one or more other national securities exchanges and are reported in the consolidated transaction reporting system. (ReI. 35-29845)

NEYS DIGEST, October 28, 1991 4

UNLISTED TRADING PRIVILEGES SOUGHT

Notices have been issued giving interested persons until November 12 to comment on the applications of three exchanges for unlisted trading privileges in issues which are listed and registered on one or more other national securities exchanges and are reported in the consolidated transaction reporting system. The exchanges and number of issues are as follows: Philadelphia Stock Exchange - 19 issues (Rel. 34-29846);Cincinnati Stock Exchange - 12 issues (Rel. 34-29847); and Midwest Stock Exchange -2 issues (Rel. 34-29848).

A notice has been issued giving interested persons until November 15 to comment on the application of the Boston Stock Exchange for unlisted trading privileges in three issues which are listed and registered on one or more other national securities exchanges and are reported in the consolidated transaction reporting system. (Rel.34-29857)

WITHDRAWAL GRANTED

An order has been issued granting the application of BioTechnica International, Inc. to withdraw from listing and registration its Common Stock, $.01 Par Value, on the Boston Stock Exchange. (Rel. 34-29858)

•••••••••• •• •••••• ••••••••.•••••••••.•••••••.•.•>:.ll::l1>..•.:IIIMi!I~II.··~e~~I~il~~±6jij.· !1. ':.:-; .. -.;.:- .. -:...;:'::::::.:::':.<.:.;.:-> - .

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 managingunderwriter or depositor (if applicable); File number and date filed; Assigned Branch;and a designation if the statement is a New Issue.

S-8 SAFEGUARD SCIENTIFICS INC, 800 THE SAFEGUARD BLDG, 435 DEVON PARK DR, WAYNE, PA19087 (215) 293-0600 - 109,550 ($1,339,742) COMMON STOCK. 140,450 ($1,720,513)COMMON STOCK. (FILE 33-41853 - OCT. 18) (BR. 10)

N-1A BENHAM INTERNATIONAL FUNDS, 1665 CHARLESTON RD, MOUNTAIN VIEW, CA 94043(415) 965-8300 - INDEFINITE SHARES. UNDERWRITER: BENHAM DISTRIBUTORS INC. (FILE33-43321 - OCT. 17) (BR. 16 - NEW ISSUE)

S-3 ENRON CORP, 1400 SMITH ST, HOUSTON, TX 77002 (713) 853-6161 - 300,000,000($300,000,000) STRAIGHT BONDS. (FILE 33-43324 - OCT. 21) (BR. 7)

S-1 CHRISTIAN PURCHASING NETWORK INC, 1751 MOUND ST STE 202, SARASOTA, FL 34236(813) 366-5775 - 1,150,000 ($6,612,500) COMMON STOCK. 90,000 ($90)WARRANTS, OPTIONS OR RIGHTS. 90,000 ($569,700) COMMON STOCK. UNDERWRITER:DONALD & CO SECURITIES INC. (FILE 33-43325 -OCT. 21) (BR. 7)

S-3 COMPUCOM SYSTEMS INC, 9333 FOREST LN, DALLAS, TX 75243 (214) 783-1252 - 1,166,667($3,500,001) COMMON STOCK. (FILE 33-43367 - OCT. 21) (BR. 9)

S-3 PNC FINANCIAL CORP, FIFTH AVE & WOOD ST, PITTSBURGH, PA 15222 (412) 762-2666 -10,350,000 (S428,878,125) COMMON STOCK. UNDERWRITER: GOLDMAN SACHS & CO,SALOMON BROTHERS INC. (FILE 33-43370 - OCT. 21) (BR. 2)

NEWS DIGEST, October 28, 1991 5

REGISTRATIONS CONTINUED

S-1 COMMUNICATIONS & ENTERTAINMENT CORP, 6500 WILSHIRE BLVD, SUITE 3400, LOS ANGELES, CA90048 (213) 655-9335 - 119,790 ($359,370) COMMON STOCK. 335,000 ($418,750) COMMON STOCK. 100,000 ($150,000) COMMON STOCK. 894,397 ($2,209,161) COMMON STOCK. (FILE 33-43371 - OCT. 18) (SR. 11)

S·1 HRSI FUNDING INC, 4640 W CHARLESTON SLVD, HYDE PARK PLAZA, LAS VEGAS, NV 89102(708) 564-6102 - 1,000,000 ($1,000,000) EQUIPMENT TRUST CERTIFICATES. 1,000,000($1,000,000) EQUIPMENT TRUST CERTIFICATES. UNDERWRITER: MERRILL LYNCH & CO. (FILE33-43372 - OCT. 18) (SR. 11 - NEW ISSUE)

S-11 PRUDENTIAL HOMt MORTGAGE SECURITIES COMPANY INC, 7470 NEW TECHNOLOGY WAY, FREDERICK, NO 21701 (301) 846-8199 - 5,000,000,000 ($5,000,000,000)PASS-THROUGH MORTGAGE-SACKED CERTIFICATE. (FILE 33-43388 - OCT. 21) (SR. 12)

S-11 CHRYSLER FIRST BUSINESS CREDIT CORP, 1105 HAMILTON ST, ALLENTOWN, PA 18101(215) 437-8000 - 1,000,000 ($1,000,000) EQUIPMENT TRUST CERTIFICATES. UNDERWRITER: MERRILL LYNCH & CO. (FILE 33-43413 - OCT. 18) (BR. 11 - NEW ISSUE)

S-1 FLEET CALL INC, 201 ROUTE 17 NORTH, RUTHERFORD, NJ 07070 (201) 438-1400 -12,650,000 ($253,000,000) COMMON STOCK. UNOERWRITER: MERRILL LYNCH INTERNATIONAL LTD, REINHEIMER & CO INC, SALOMON BROTHERS INTERNATIONAL LTD. (FILE 33-43415 - OCT. 18) (BR. 7 - NEW ISSUE)

S-3 GENERAL ELECTRIC CAPITAL CORP, 260 LONG RIDGE RD, STAMFORD, CT 06927 (203) 357-4000 - 3,000,000,000 ($3,000,000,000) FLOATING RATE NOTES. (FILE 33-43420 - OCT. 18)(SR. 11)

S-1 LAKEHEAD PIPE LINE PARTNERS L P, 119 NORTH 25TH ST EAST, SUPERIOR, WI 54880(715) 394-1400 - 17,390,000 ($417,360,000) LIMITEO PARTNERSHIP CERTIFICATE. UNDERWRITER: DEAN WITTER REYNOLDS INC, KIDDER PEABODY & CO INC, LEHMAN SROTHERS, SMITH BARNEY HARRIS UPHAM & CO INC. (FILE 33-43425 - OCT. 18) (BR. 8 - NEW ISSUE)

S-1 HANCOCK HOLDING CO, ONE HANCOCK PLZ, 2510 14TH ST, GULFPORT, MS 39501 (601) 868-4000 - 1,552,500 ($23,194,350) COMMON STOCK. UNDERWRITER: MORGAN KEEGAN & CO INC, ROBINSON HUMPHREY CO INC. (FILE 33-43427 - OCT. 18) (SR. 1)

S-11 CHEVY CHASE SAVINGS SANK FSB, 8401 CONNECTICUT AVE, CHEVY CHASE, NO 20815 (301) 986-7000 - 1,000;000 ($1,000,000) EQUIPMENT TRUST CERTIFICATES. 1,000,000($1,000,000) EQUIPMENT TRUST CERTIFICATES. UNDERWRITER: MERRILL LYNCH & CO. (FILE33-43428 - OCT. 18) (BR. 11)

S-4 NATIONAL MEDICAL ENTERPRISES INC INVI, 2700 COLORADO AVE, SANTA MONICA, CA 90404 (213) 315-8000 - 30,000,000 ($530,640,000) STRAIGHT SONDS. 24,000,000 COMMON STOCK. UNDERWRITER: MERRILL LYNCH & CO. (FILE 33-43429 - OCT. 18) (BR. 5)

N-2 KOREA GROWTH FUND INC, 345 PARK AVE, CIO SCUDDER STEVENS & CLARK INC, NEW YORK, NY 10154 (212) 326-6200 - 5,000,000 ($60,000,000) COMMON STOCK. UNDERWRITER: FIRST BOSTON CORP. (FILE 33-43432 - OCT. 18) (BR. 18 - NEW ISSUE)

N-2 VAN KAMPEN MERRITT MUNICIPAL TRUST, 17W110 22ND ST, OAKLAND TERRACE, IL 60181 (800) 225-2222 - 3,333,333 ($49,999,995) COMMON SHARES OF BENEFICIAL INTEREST. UNDERWRITER: VAN KAMPEN MERRITT. (FILE 33-43434 - OCT. 18) (BR. 18)

N-2 BLACKSTONE NORTH AMERICAN GOVERNMENT INCOME TRUST INC, ONE ~EAPORT PLAZA, NEW YORK,NY 10292 (212) 214-3332 - 8,050,000 ($120,750,000) COMMON STOCK. UNDERWRITER: PRUDENTIAL SECURITIES INC. (FILE 33-43435 - OCT. 18) (BR. 17 - NEW ISSUE)

S-1 AGCO CORP IDE, 5295 TRIANGLE PKWY, NORCROSS, GA 30092 (404) 447-5546 - 4,312,500($77,625,000) COMMON STOCK. UNDERWRITER: DILLON READ & CO INC, FIRST SOSTON CORP.(FILE 33-43437 - OCT. 21) (BR. 10 - NEW ISSUE)

6 NEWS DIGEST, October 28, 1991

EGISTRATIONSCONTINUED

S-2 SEACOAST BANKING CORP OF FLORIDA, 815 COLORADO AVE, STUART, FL 34994 (407) 287-4000- 690,000 ($8,280,000) COMMON STOCK. UNDERWRITER: CHICAGO CORP,ROBINSON HUMPHREY CO INC. (FILE 33-43438 - OCT. 21) (BR. 2)

S-8 BERTUCCIS INC, 60 CUMMINGS PARK, WOBURN, MA 01801 (617) 935-9700 - 100,000(S200,OOO) COMMON STOCK. (FILE 33-43439 - OCT. 21) (BR. 11)

S-8 BERTUCCIS INC, 60 CUMMINGS PARK, WOBURN, MA 01801 (617) 935-9700 - 350,000(S3,455,OOO) COMMON STOCK. (FILE 33-43440 - OCT. 21) (BR. 11)

S-8 NEUROGEN CORP, 35 NORTHEAST INDUSTRIAL RD, BRANFORD, CT 06405 (203) 488-8201 -600,000 (S7,350,OOO) COMMON STOCK. (FILE 33-43441 - OCT. 21) (BR. 4)

S-3 REYNOLDS METALS CO, 6601 W BROAD ST, PO BO~ 27003, RICHMOND, VA 23230 (804) 281-2000- 400,000,000 ($400,000,000) STRAIGHT BONDS. (FILE 33-43443 - OCT. 21) (BR. 6)

F-6 MONTEDISON SPA /ITALY/, FORO BUONAPARTE 31, 20121 MILAN ITALY, L6 - 100,000,000(S5,000,000) DEPOSITARY RECEIPTS FOR COMMON STOCK. 50,000,000 (S2,500,000)DEPOSITARY RECEIPTS FOR COMMON STOCK. DEPOSITOR: BANK OF NEW YORK. (FILE 33-43444 -OCT. 21)

S-1 EASTERN ENVIRONMENTAL SERVICES INC, RTE 309 N BOX 366, DRUMS, PA 18222 (717) 788-6075 - 175,000 ($634,375) COMMON STOCK. (FILE 33-43445 - OCT. 21) (BR. 8)

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

ACQu:iS:ITION OF SECURITIES .

Companies and individuals must report to the Commission within ten days on Schedule l3D 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 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-l.

Below is a list of recent filings of Schedules l3D 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 %OWNED PRIOR% STATUS

AMERICAN RLTY TR COM PAR SO.01 1,090 0291n40FRIEDMAN WILLIAM S ET AL 130 10/16/91 51.5 49.4 UPDATE

CAR MART INC Cl A 338 14074410DAVIS J MORTON ET Al 130 10/11/91 8.1 0.0 RVSION

COUNTRY LAKE FOODS INC COM 268 22235510GAMCO INVESTORS INC ET AL 130 10/16/91 6.1 0.0 NEW

7NEWS DIGEST, October 28, 1991

t

ACQUISITIONS CONT.

NAME AND CLASS OF STOCK/OWNER FORM EVENT DATE

SHRS(OOO)/%OWNED

CUSIP/ FILING PRIORX STATUS

DAKOTA BANCORP INC COM 35 23391810 LARSON 0 DALE 130 9/17/91 6.3 0.0 NEW

DESOTO INC COM 812 25059510 GAMCO INVESTORS INC ET AL 130 10/22/91 19.9 18.9 UPDATE

GUARANTY BANCSHARES CORP COM 132 40076210 FISCHER GEORGE W 130 10/ 9/91 7.9 5.2 UPDATE

HANDY & HARMAN COM 1,486 41030610 GAMCO INVESTORS INC ET AL 130 10/21/91 10.6 9.6 UPDATE

HANOVER INS CO STATE MUTUAL

COM LIFE ASSUR AMER 130 10/19/91

11,82457.3

41086410 55.3 UPDATE

HARKEN ENERGY CORP QUASHA ALAN GRANT ET AL

COM 130 10/22/91

8,01618.3

41255210 20.6 UPDATE

HENRY JACK & ASSOC INC COM 657 42628110 HALL JERRY 0 130 8/29/91 18.6 18.6 UPDATE

lOAN SOFTWARE ORO SH 54 45151010 ENGLANDER ISRAEL A 130 10/14/91 0.9 6.3 UPDATE

LSB INDS INC GOLSEN BARRY H

COM 130 9/23/91

1,81533.6

50216010 34.4 UPDATE

LSB INDS INC GOLSEN JACK E

COM

130 9/23/91 3,56366.0

50216010 66.9 UPDATE

LSB INDS INC GOLSEN PETROLEUM

COM 130 9/23/91

1,59029.4

50216010 28.4 UPDATE

LSB INDS INC GOLSEN STEVEN J

COM

130 9/23/91 1,77832.9

50216010 33.7 UPDATE

LSB INDS INC RAPPAPORT LINDA GOLSEN

COM 130 9/23/91

1,67131.0

50216010 29.9 UPDATE

MYCOGEN CORP COM 691 62845210 GRIFFIN R A JR ET AL 130 9/30/91 5.8 5.8 UPDATE

PACKAGE MACHY CO COM PUTNAM ROGER L TRUSTEE ET AL 130 10/18/91

224 69512210 18.1 21.0 UPDATE

QUANTUM DIAGNOSTICS DAVIS J MORTON ET AL

COM

130 10/21/91 218 74799210 5.5 ' 6.8 UPDATE

SPS TECHNOLOGIES INC COM 188 78462610 HALLOWELL DOROTHY WILLITS 130 10/10/91 3.7 4.0 UPDATE

SPS TECHNOLOGIES INC COM 290 78462610 HALLOWELL MERRITT W 130 10/10/91 5.7 9.1 UPDATE

8 NEWS DIGEST, October 28. 1991

~CQUISITIONSCONT.

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

SELECTRONICS INC COM 3,871 81631410FUJI XEROX CO 13D 10/15/91 8.2 0.0 NEW

SENSOR CTL CORP COM 0 81726210HOLLANDER MILTON B ET AL 13D 10/17/91 0.0 N/A UPDATE

TRIPLE THREAT ENTERPRISES COM 544 89674010DAVIS J MORTON ET AL 13D 10/17/91 7.7 44.9 UPDATE

UJB FINL CORP COM 4,575 90276010WEISMAN NEIL JONATHAN ET AL 13D 10/22/91 10.0 9.9 UPDATE

VARITY CORP PFD I-A CV$1.3 1,494 92299250STAMPFL WILLIAM ET AL 13D 9/19/91 12.5 0.0 NEW

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

RECENT8K. 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.

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 8K ITEM NO. NAME OF ISSUER CODE 12345 678 DATE COMMENT ---------------------------------------- --------------- ------- ...

MEDICAL EQUIPMENT INCOME FUND LIMITED PA CT NO ITEMS 09/03/91MELLON BANK CORP PA X X 10121/91MERIDIAN GRANTOR TRUST 1991-A IL X X 10/15/91MIDWEST COMMUNICATIONS CORP /DE/ DE X 10/12{91MORGAN STANLEY GROUP INC /DE/ DE X X 10122{91MORRISON KNUDSEN CORP DE X 10/08/91MSR EXPLORATION LTD X X 10/03/91NATIONAL ENVIRONMENTAL CONTROLS INC DE X 10/08/91NEWMARK & LEWIS INC NY X 08/30/91 AMEND NORTH COAST ENERGY INC / DE/ DE X 10/09/91 AMEND

NEWS DIGEST, October 28, 1991 9

8K REPORTS CONT.

STATE 8K ITEM NO. NAME OF ISSUER CODE 12345678 DATE COMMENT -----_ ..-------------------------------- --------------- ----_ .. --NOVEN PHARMACEUTICALS INC DE X 10/10/91NUMERICA FINANCIAL CORP NH X 10/11/91OAKRIDGE ACQUISITIONS INC CO NO ITEMS 08/08/91 AMEND OVERTHRUST OIL ROYALTY CORP CO X 10/14/91 AMEND P LEINER NUTRITIONAL PRODUCTS CORP DE X X 10/04/91PACKAGE MACHINERY CO DE X 10/18/91PARTNERS PREFERRED YIELD INC X X 10121191 PEOPLES BANCSHARES OF POINTE COUPEE PARI LA X 09/16/91 AMEND PNC FINANCIAL CORP PA X X 10/17/91POLYMER RESEARCH CORP OF AMERICA NY X 08/12/91 AMEND PROPERTY RESOURCES FUND IX CA X X 10/16/91PROPERTY RESOURCES FUND VI CA X X 10/16/91PROPERTY RESOURCES FUND VII CA X X 10/16/91PRUDENTIAL HOME MORTGAGE SECURITIES COMP DE X X 10/10/91REPUBLIC FEDERAL SAVINGS & LOAN ASSOCIAT CA X X 10120/91REXENE CORP DE X X 10/18/91REXON INC DE X X 01115/91ROLLINS INC DE X 10/23/91SEACOAST BANKING CORP OF FLORIDA FL X X 09120/91 AMEND SISKON GOLD CORP DE X 10/07/91SOLITEC INC CA X 10/09/91 AMEND SOUTH CAROLINA NATIONAL BANK /SC/ SC X 10/18/91SOUTHWEST FINANCIAL CORP IL X 09/30/91SPECTRUM INFORMATION TECHNOLOGIES INC DE X X 10/08/91SURETY FINANCE CORPORATION I DE X 08/20/91SYNOVUS FINANCIAL CORP GA X 08/31191 AMEND TRANSAMERICA OCCIDENTAL LIFE INSURANCE C CA X X 10/15/91TRANSWORLD TEMPORARIES INC DE X 09/30/91TRIDENT ENTERPRISES INC CO X X X 10/16/91 TUCSON ELECTRIC POWER CO AZ X X 10/11191U S LONG DISTANCE CORP DE X X 08/07/91 AMEND UTILITECH INC CA X 10/15/91VERMONT RESEARCH CORP /VT/ VT X X 10/15/91VOLUNTEER BANCSHARES INC TN X X 10/08/91WALKER TELECOMMUNICATIONS CORP NY X X 10/08/91WASHINGTON BANCORPORATION DE X X 10/18/91WELLS FARGO & CO DE X X 10/24/91WESCO AUTO PARTS CORP /NV/ NV X X X X 10/16/91WESTERN LIFE INSURANCE CO MN NO ITEMS 10/01191 AMEND WORLDWIDE FOREST PRODUCTS INC CO NO ITEMS 10/01191 AMEND 1991-1 UMCC TAX EXEMPT LEASE GRANTOR TRU DE X 10/04/911991-1A UMCC TAX EXEMPT LEASE GRANTOR TR X 10/04/911991-18 UMCC TAX EXEMPT LEASE GRANTOR TR X 10/04/911991-1C UMCC TAX EXEMPT LEASE GRANTOR TR X 10/04/911991-1D UMCC TAX EXEMPT LEASE GRANTOR TR X 10/04/91EQUIMARIC CORP DE )( 10/16/91ESARCO INTERNATIONAL INC DE X X 10/21191FAMILY GROUP BROADCASTING L P DE X 10/16/91FINANCIAL NEWS NETWORK INC CA X X 10/18/91FINGERMATRIX INC NY X 10/02/91 AMEND FIRST FILMS INC CO NO ITEMS 06/30/91 AMEND

10 NEWSDIGEST. October 28. 1991

8K REPORTS CONT.

STATE 8K ITEM NO. NAME OF ISSUER CODE 12345 678 DATE COMMENT ---------------------------------------- -_ ..... _--------_ ... --------FIRST NATIONAL BANCORP IGAI GA X 10102191 FOOTHILL GROUP INC FOOTHILL GROUP INC FORD MOTOR CO

DE DE DE X

X X X

10/17/91 10/22/9110/09/91

FRANKLIN ADVANTAGE REAL ESTATE INCOME FU CA X X 10/16/91 FRANKLIN SELECT REAL ESTATE INCOME FUND CA X X 10/16/91 GALLERY RODEO INTERNATIONAL INC CA X X 10/03/91 GEMINI EQUIPMENT PARTNERS GEORGIA PACIFIC CORP

INCOME FUND V VA GA

X X

10/03/91 10/21/91

GREENWICH PHARMACEUTICALS HABERSHAM ENERGY CO

INC DE OK

X X X

09/26/9108/12/91 AMEND

HASBRO INC RI X X 10/23/91 HBO & CO DE X X 10/16/91 HOMECORP INC INDUSTRIAL FUNDING CORP INTEGRATED RESOURCES AMERICAN INSURED HT

DE OR CA

X X X

X X

10/16/9110/2219110/22/91

INTERNATIONAL MUREX TECHNOLOGIES CORP ISRAMCO INC ITT HARTFORD GROUP INC IDE

DE DE

X X

X

X

10/11/9110/01/9110/17191

JACQUES MILLER REALTY PARTNERS LP KAEMPEN TECHNOLOGY INC KAMENSTEIN M INC

DE DE NY

X X X X X

X

X X X

10/07/91 04/24/9110/09/91

AMEND

MAGNA GROUP INC DE X X 10/21/91 MARGATE INDUSTRIES INC MATTEL INC IDE/ MCNEIL REAL ESTATE FUND XV LTD ICA AMBAC INC IDE/ COMMUNICATIONS SATELLITE CORP

DE DE CA DE DC

X X X X X

X

10/07191 10/21/91 10/11/9110124/91 10/21/91

DIAMOND STATE TELEPHONE CO DE X 10/22/91 DIAMOND STATE TELEPHONE CO DE X 10/23/91 ENEX RESOURCES CORP CO X 08/08/91 AMEND ESSEX GROUP INC FIRST INTERSTATE BANCORP IDEI

MI DE

X X X

10/23/9110/18/91

FORUM RETIREMENT PARTNERS L P DE X X 09/23/91 GREAT WESTERN BANK MORTGAGE PASS THROUGH DE NO ITEMS 09/30/91 GREAT WESTERN BANK MORTGAGE PASS THROUGH GREAT WESTERN BANK MORTGAGE PASS THROUGH

DE NO ITEMS NO ITEMS

09/30/9109/30/91

GREAT WESTERN BANK MORTGAGE PASS THROUGH DE NO ITEMS 09/30/91 GREAT WESTERN BANK MORTGAGE PASS THROUGH GREAT WESTERN BANK MORTGAGE PASS THROUGH GREAT WESTERN BANK MORTGAGE PASS THROUGH

DE DE DE

NO ITEMS NO ITEMS NO ITEMS

09/30/9109/30/9109/30/91

GREAT WESTERN BANK MORTGAGE PASS THROUGH DE NO ITEMS 09/30/91 KIRSCHNER MEDICAL CORP DE X X 10/21191 MS ESSEX HOLDINGS INC DE X 10/23/91 OSHKOSH TRUCK CORP R & B INC SEARS ROEBUCK & CO

WI PA NY

X X

X X X

12/10190 10/17/9110/23191

TEXACO INC DE X X 10/22191

NEWS DIGEST, October 28, 1991 11

1

12 NEWSDIGEST. October 28. 1991