)a

W sec news di est Issue 94-89 May 12, 1994

• DI'OIlCBBISJft PROCBEDIBGS

IN 'rHB MATTER OF BARBARA KNAPP

The commission instituted a cease and desist proceeding against Barbara Knapp, the controller of Fidelity Medical, Inc. Knapp, without admitting or denying any of the matters therein, consented to the entry of an Order Instituting Proceedings Pursuant to section 8A of the securities Act of 1933 and section 21C of the Securities Exchange Act of 1934, Making Findings and Cease and Desist Order, which finds that Knapp was a cause of Fidelity Medical's violations of section 17(a) of the securities Act of 1933 and sections 10(b), 13(a), 13(b) (2)(A), and 13(b)(2)(B) of the Securities Exchange Act of 1934, and Rules 10b-5,13a-1, and 13a-13 thereunder, and violated Rules 13b2-1, and 13b2-2 thereunder, and orders her to cease and desist from committing or causing any violation, or any future violation, of those provisions.The Order finds that Fidelity Medical materially misstated its results of operation in various filings with the Commission for fiscal periods between 1989 and 1992, and misstated revenues in a press release announcing its preliminary results of operations for the second quarter of the fiscal year ended september 30, 1992. (Re1s. 33-7059; 34-34009; DB Re1. 558)

ADMINISTRATIVE PROCEEDINGS AGAINST SALANT CORPORATION AND MARTIN TYNAN

The Commission announced that on May 12 administrative proceedings underthe securities Exchange Act of 1934 (Exchange Act) were instituted against Sa1ant Corporation and its former chief financial officer MartinF. TYnan, for violations of section 13(a) of the Exchange Act and Rule 12b-20, Rules 13a-1 and 13a-13 promulgated thereunder. Simultaneouslywith the filing of the Order, and without admitting or denying the findings contained in the Order, Sa1ant and TYnan consented to the issuance of an Order Instituting proceedings and opinion and Order of the Commission.

The commission determined that Salant failed to adequately disclose in Management's Discussion and Analysis of Financial Condition and Results of operations of its Form 10-K for the fiscal year ended December 30,1989, and its Form 10-2 for the first quarter ended March 31, 1990,known uncertainties relating to its liquidity, and that Tynan was a cause of such failure.

The Commission's Order requires Salant and Tynan to cease and desist from violating section 13(a) of the Exchange Act and Rules 12b-20, 13a-1 and 13a-13 promulgated thereunder. (ReI. 34-34046; AAE ReI. 561)

ADMINISTRATIVE PROCEEDINGS AGAINST AMERICA WEST AIRLINES, INC.

The Commission announced that on May 12 administrative proceedings under the Securities Exchange Act of 1934 (Exchange Act) were instituted against America west Airlines, Inc. for violations of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 promulgated thereunder. Simultaneously with the filing of the Order, and without admitting or denying the findings contained in the Order, America west consented to the issuance of an Order Instituting proceedings and opinion and Order of the Commission.

The Commission determined that America west failed to adequatelydisclose in Management's Discussion and Analysis of Financial Condition and Results of Operations of its Form 10-K for the fiscal year ended December 31, 1990, and its Form 10-2 for the first quarter ended March 31, 1991, known uncertainties relating to its liquidity.

The Commission's Order requires America west to cease and desist from violating section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 promulgated thereunder. (ReI. 34-34047; AAE ReI. 562)

COMPLAINT FILED AND TEMPORARY RESTRAINING ORDER ISSUED AGAINST COMCOA LTD. AND THOMAS BERGER

The Commission announced that on May 6 the Honorable William M. Hoeveler, U. S. District senior Judge for the Southern District of Florida, issued a temporary restraining order, an order freezing assets and appointing a receiver and ordering other emergency relief againstComcoa Ltd. (Comcoa) and Thomas W. Berger (Berger). The Commission's complaint, filed on May 5, 1994, seeks preliminary and permanentinjunctions and other relief against the defendants.

The complaint alleges that since at least september 1993, Comcoa and Berger have been offering and selling unregistered investment contracts,

2 NEWS DIGEST, May 12, 1994

namely an investment scheme consisting of Specialized Mobile Radio (SKR) license applications with the Federal communications commission and post-filing services, to the general public through about 50 "boiler room" locations nationwide which retain at least 275 sales representatives. The defendants have raised over $13 million from about 1,200 investors in 49 states, PUerto Rico and Canada.

The complaint further alleges that Comcoa and Berger have been engagedin a scheme to defraud investors by misrepresenting and omittingmaterial facts concerning, among other things, the true nature of their investments. Although the investors are promised SMR licenses, those in the 800-900 Megahertz (MHz) frequency band, they get Private Carrier licenses, those in the 450-470 MHz frequency band. [SEC v. Comcoa Ltd. a/k/a Comcoa Ltd., Inc., and Thomas W. Berger, Civil Action No. 94-8256-CIV-HIGHSMITH] (LR-14080)

CIVIL ACTION AGAINST VISION COMMUNICATIONS, INC., ET AL.

The Commission announced that The Honorable Charles R. Richey, united States District Judge for the District of Columbia, on May 11 entered Final Judgment of Permanent Injunction and Other Equitable Relief against defendants Vision Communications, Inc. (VCI), William L. Clemens, Jr., Michael Imbesi, and Wilkes-Barre-scranton, L.C. (WBS) • • The Pinal Judgment permanently enjoins defendants from future violations of the registration and antifraud provisions of the federal securities laws -- sections 5 (a) , (c) and 17 (a) of the Securities Act, and Sections 10(b) and 15(a) of the Exchange Act and Commission Rule lOb-S -- and places VCI and WBS under receivership to marshal their assets for distribution to investors. The Final Judgment further orders an accounting, subordinates the interests of VCI, Clemens and Imbesi in WBS to that of public investors, and requires Clemens and Imbesi to disgorge a total of $550,000. Any assets Clemens and Imbesi fail to disclose, or materially undervalue in disclosure to the commission, will be forfeited. Defendants, without admitting or denying the allegations of the complaint, consented to entry of the Final Judgment. [SEC v. Vision cOlDJllunications, Inc., William L. Clemens, Jr., Michael Imbesi and Wilkes-Barre-Scranton, L.C., civil Action No. 94-0615, USDC/DC] (LR-14081)

INVESTMENT COMPANY ACT RELEASES

I'IRSTTRUST SPECIAL SITUATIONS TRUST, PIRST INVESTORS BLUE CHIP AND TREASURY SECURITIES TRUST, SERIES 1 AND SUBSEQUENT SERIES, ET AL.

A notice has been issued giving interested persons until June 6 to request a hearing on an application filed by First Trust Specialsituations Trust, First Investors Blue Chip and Treasury Securities Trust, Series 1 and Subsequent Series, et ale for an order permitting

HBWs DIGEST, May 12, 1994 3

series of the Trust to invest in sharas of one of certain mutual funds and zero coupon obligations; exempting the sponsor from having to take for its own account or place with others $100,000 worth of units in the Trust; permitting the Trust to distribute capital gains resulting from redemptions of fund shares within a reasonable time after receipt;permitting the waiver of any contingent deferred sales charge otherwise applicable on fund shares that the Trust has purchased; permittingcertain offers of exchange involving the Trust; and permitting certain affiliated transactions involving the Trust. (ReI. IC-20285 - Kay 10)

THE IRISH INVESTMENT FUND, INC.

A conditional order has been issued under section 10 (f) Of the Investment Company Act on an application filed by the Irish Investment Fund, Inc. The order permits applicant to purchase Irish securities during the existence of an underwriting syndicate in which affiliated persons of applicant. s investment adviser participate as principalunderwriters. (ReI. IC-20286; International Series ReI. No. 666 - Kay10)

REMBRANDT FUNDS, ET AL.

A notice has been issued giving interested persons until June 6 to request a bearing on an application filed by Rembrandt Funds, et ale for an order under section 6(c) of the Investment Company Act for an exemption from Section 12(d) (1) (A) (ii), under sections 6(c) and 17(b)for an exemption from section 17(a), and under Rule 17d-l to permitcertain transactions in accordance with Section 17(d) and Rule 17d-1. The order would permit certain money market funds to sell their shares to affiliated investment companies. (ReI. IC-20287 - Hay 10)

SELF-REGULATORY ORGANIZATIONS

DELISTING GRANTED

An order bas been issued granting the application of the Boston Stock Exchange to strike from listing and registration the AmalgamatedAutomotive Industries, Inc., Common Stock, $.0025 Par Value. (ReI. 34-34035)

WITHDRAWALS SOUGHT

A notice has been issued g1v1ng interested persons until June 1 to comment on the application of Sunstates corporation to withdraw its Common Stock, $.33 1/3 Par Value; $3.75 Cumulative Preferred Stock, $25 Par Value, from listing and registration on the American Stock Exchange.(ReI. 34-34036)

4 NEWS DIGEST, Hay 12, 1994

A notice has been issued g1v1ng interested persons until June I to

by the Philadelphia Stock Exchange which deletes from PHLX Rule 1015,

comment on the application of unimed, Inc. to withdraw its Common $.25 Par Value, from listing and registration on the chicagoExchange. (ReI. 34-34037)

stock,stock

APPROVAL OF PROPOSED RULE CHANGES

The commission approved a proposed rule change (SR-PHLX-93-51) filed

"Excessive Dealing in options," the phrase "in view of his financial resources," and renumbers PHLX Rule 1015 as PHLX Rule 1021. Publication of the approval order is expected to appear in the Federal Registerduring the week of May 16. (ReI. 34-34024)

The commission approved a proposal (SR-CBOE-93-60) filed by the chicago Board options Exchange that grants permanent approval to a pilot program allowing approved customers with qualified portfolios to effect and maintain in cash accounts debit put spread transactions in broad-based index options with European-style exercise. Publication of the approval order is expected to appear in the Federal Register during the week of May 16. (ReI. 34-34025)

The Commission approved a proposed rule change (SR-NASD-92-46) submitted by the National Association of Securities Dealers that would extend the provisions of Schedule E to the BASD's By-Laws to potential conflicts of interest that arise when a member participating in an offering owns debt, preferred equity or non-voting equity of the issuer. (ReI. 34-34031)

The cODlDlission has approved a proposed rule change (SR-Phlx-90-35)submitted by the Philadelphia Stock Exchange relating to the listing of warrants based on the Financial Times-Stock Exchange 100 Index. Publication of the order is expected to appear in the Federal Registerduring the week of May 16. (ReI. 34-34032)

PROPOSED RULE CHANGE

The New York stock Exchange filed a proposed rule change (SR-NYSE-94-13) relating to an Interpretation to Rule 345 to establish a new category of limited registration for floor clerks who have successfullycompleted the Series 7B examination module to conduct a public business solely with professional customers and to adopt the corresponding'content outline for the Examination Module for Floor Clerks of Members Engaged in Public Business with Professional customers. Publication of the proposal is expected in the Federal Register during the week of Kay 16. (ReI. 34-34033)

... 8 DIGEST, May 12, 1994 5

SECURITIES ACT REGISTRATIONS

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-3 YIAaJIII INC, 200 ElJII ST, DEDHAM,MA02026 (617) 461-1600 - 3,000,000,000 ($1,000,000,000) PREFERREDSTOCIC. (FILE 33-53485 - MAY. OS) (81. 7)

S-8 ALLEI GRWP IIC, 25101 CHAGRIIBLVD. 350, BEACIMXJ), 011 44122 (216) 765-5818 - 500,000 ($8,125,000) aJIDI STOCK. (FILE 33-53487 -MAY. OS) (81. 8)

S-8 PAIIE ~B8ER GRWP INC, 1285 AYEOF THE AMERICAS,lEV Y(IlK, IT 10019 (212) 713-2000 • 200.000 ($1.275.000) aJIDI STOCK. (FILE 33-53489 -MAY. OS) (81. 12)

S-3 FCJm CREDIT AUTORECEIVABLESCORP. THE MERICAI ROIID. PO BOX6044, DEAJtBaUI, III 48121 (313) 322-3000 - 1.000.000 (S1.000.000) EClJIPllEIT TRUSTCERTIF1CATES. (FILE 33-53491 - MAY.OS) (BR. 12)

S-8 BAIICSWTH IXRP. 55 MARIETTAST. ATLAITA. GA 30303 (404) 529-4435 -300.000 (S5.943,000) aJIDI STOCK. (FILE 33-53493 - MAY. OS) (BR. 1)

S-3 GTE CORP. (lfE STAIIFCJmFOIUt. STAIIFCJm. CT 06904 (203) 965-2000 -1.000.000.000 (S1.000.000.000) PREFERREDSTOCIC. (FILE 33-53495 - MAY. OS) (BR. 7)

S-8 BAIICSWTH CORP. 55 MARIETTAST, ATLAlTA, GA 30303 (404) 529-4435 -100.000 (S1,981.000) COMlII STOCK. (FILE 33-53497 - MAY. OS) (BR. 1)

S-8 ALLEI GRWP IIC, 25101 CHAGRIIBLVD. 350, BEACIMXJ). 011 44122 (216) 765-5818 - 250.000 ($4.062.500) aJIDI STOCK. (FILE 33-53499 -MAY. OS) (BR. 8)

S·3 PENNSYLYAIIAENTERPRISES INC. 39 PUBLIC SQ. WILKESBARRECENTER. WILKESBARRE. PA 18711 (717) 829·8843 - 200.000 ($5.975.000) aJIDI STOCK. (FILE 33-53501 - MAY. OS) (BR. 7)

S-8 TRWIIC. 1900 RICIIDID RD, CLEVElAJID,011 44124 (216) 291-7000 -3.145,000 (S205.604.375) COMlII STOCK. (FILE 33·53503 - MAY. OS) (81. 4)

S-8 DUPLEXPROOUCTSINC. 1947 BETHANYRD. SYCAMORE.IL 60118 (815) 895-2101 - 500.000 (16.500.000) aJIDI STOCIC. (FILE 33-53507 - MAY. OS) (BR. 12)

S-3 BlIlNHAIIPACIFIC PROPERTIES INC, 610 ~ST ASH ST STE 2001, SAl DIEGO, CA 92101 (619) 232-2001 - 10.058 (S185.872) aJIDI STOCIC. (FILE 33-53509 -MAY. 06) (BR. 6)

6 NEWS DIGEST, Kay 12, 1994

REGISTRATI(JIS alIT.

58-2 MEDPLUSIIiC IrYlV, 8600 GOVERJDlSHILL DR, CIIICIIlllATI, 01145249 (513) 583-0500 - 1,375,000 ($6,326,100) aJIDI STOCK. (FILE 33-77896-C -APR. 18) (BR. 9 - IIEWISSlE)

58-2 IIIIMARKGRWP IIIC, IIIIMARKHWSE, BART(l(VILLE, ARGYLE,IX 76Z2/) (817) 491-2992 APR. 28) (BR.

11-1A JW:IIA flM)S (617) 267-2525 - IIE\I ISSlE)

- 5,440,950 ($26,213,963) aJIDI STOCK. (FILE 33-78352-D -3 - IIEWISSlE)

/MAl, FWR CCPLEYPl, STE 110 IIOIC 94, BOST(JI, M 02116 - IIIDEFIIiITE SHARES. (FILE 33-18408 - MY. 02) (BR. 16

11-1A REsaJRCE IV TRUST, 237 PARKAVE, STE 910, IIE\I Y(IlK, NY 10017 -IIIDEFlIIITE SHARES. (FILE 33-78420 - MY. 02) (BR. 16 - lEV ISSUE)

S-1 FRESEIIIUSUSA IIIC, 2637 SHADELAIIDSDR, UAUIIT CREEIC, CA 94598 (510) 295-0200 • 3,884,000 ($26,217,000) aJIDI STOCK. lJI)ERWlTER: BEAR STEARNS& CO IIIC, HAMBRECHT (FILE 33-78422 - MY. 03)& ClJIST INC.(BR. 8)

S-3 CRmII REsaJRCES CORP, 1225 17TH ST STE 1500, DElIVER, CO 80202 (303) 295-2171 - 14,000 ($80,500) aJIDI STOCK. (FILE 33-78424 - APR. 29) (SR. 1)

S-4 HEAlTHCAREREALTYTRUST INC, 3310 '-'EST EIID AVE, FWRTH FL, NASHVILLE,11 37203 (615) 269-8175 - 450,000 ($9,309,375) aJIDI STOCK. (FILE 33-78428 -MY. 03) (BR. 6)

S-8 MSLAIID CORP, 50 SPRIIiG RD, CARLISLE, PA 17013 (717) 249-1866 - 600,000 ($10,914,000) aJIDI STOCK. (FILE 33-78430 - MT. 03) (BR. 4)

S-1 LUCHTIIIC, 11201 HAMPSHIREAVE SOOTH, BUXlIJIIIGT(JI, "I 55438 (612) 829-5444 - 2,185,000 ($28,405,000) aJIDI STOCK. (FILE 33-18432 -MY. 03) (BR. 11 - IIEWISSUE)

F-3 NATIONAl ELECTRICITYCO, PRIIICIPE DE VERGERA187 28002, MADRIDSPAIII 34-1-563-3849, U3 - 18,525,399 ($887,551,866.09) F(Jl£IGII aJIDI STOCK. lIIDER\lUTER: AGREIITARIABOlSA SYB, GDl..DMII SACHS& CO, IIiFOIIlVEST SA, JlltGAII STAlELY & CO. (FILE 33-18434 -MY. 03) (BR. 8)

S-8 BS8 BAllCORP IIIC, 58-68 EXCHAllGEST, BIIIGHMTOII, NY 13902 (607) 779-2525 - 175,000 ($4,147,500) aJIDI STOCK. (FILE 33-18442 - MY. 03) (SR. 1)

S-4 AlEXAll>EREIIERGYCORP, (405) 478-8686 - 6,196,254 MY. 04) (SR. 4)

S-3 VTX ElECTR(JIICS CORP, (516) 293-9880 - 3,950,000 MY. 03) (BR. 3)

S-1 BAlLYS GRAIl) IIiC lOllI, (702) 739-4848 - 3,886,267 MY. 03) (BR. 12)

701 CEDARLAKE BLW, onAJI(JIA CITY, CIC 73114 ($25,819,1'90.42) aJIDI STOCK. (FILE 33-18450 -

61 EXEaJTlVE BLW, FARMllilDAlE, lIT 11735 ($4,937,500) aJIDI STOCK. (FILE 33-18464 -

3645 lAS VEGASBLW S, lAS VEGAS, IV 89109 (146,149,420.63) aJIDI STOCK. (FILE 33-78468 -

'NEWS DIGEST, May 12, 1994 7

REGISTRATICIISalIT.

S-8 FRITZ CXlFAlIES lit, 706 JIISSICII ST STE 900, SAIl FRAIICISCO,tA M1CD (415) 904-8360 - 760,000 (123,310,000) CXJIIII STOCIC. (FILE 33-78472 -MY _ OJ) (BR_ 4)

SI-2 ECHOSPRIIIGS Wl'TERCO lit, HACICEJISACIC AVEIIE IUILLDIIG 100A, THE DROSSIUILDIIIG, KERIT, IJ 07032 (201) 465-5151 - 4,866,665 (126,249,991) aJIDI STOCIC. 133,m (15) IMRRAIITS.ClPTlCIISCIt lIGHTS. 133,m (1999,998) CXJIIII STOCIC. (FILE 33-78492 - MY. CD) (II. 11)

S-8 8FD IIIIUSTIIIES IIIC, 60 cam.uAI DI, SUITE 112, JIAKIIM CllTARIOCAllADAL3R 912, A1 (905) 479-0654 - 1,040,000 (S1,04O,OOO) CXJIIII STOCIC. (FILE 33-78496 - MY. 03) (II. 8)

S-3 DUSAPllARMCEUTltALS IIIC, 337 ICIICESYALLESAVE, T(JtCIITOCllTARIOM6I 1Jf1 CAIIADA,M (416) 537-101'0 - 250,000 (1967,500) CXJIIII STOCIC. (FILE 33-78498 - MY. CD) (II. 4)

sea IIOLSCIIIUalES GRa.J> IIIC, 582 GREATROAD, .. TI SIIITIFIELD. II 028{116 (401) 769-8000 - 700,000 (15,162,500) CXJIIII STOCIC. (FILE 33-7Il500 -MY. OJ) (BR. 9)

S-8 TRIJIJlE JlAVIGATlCIILTD ICAI, 585 .. TI MIT AVEIIE. a.YVALE. tA ,.. (408) 481-8000 - 1,200,000 (S10,125,OOO) CXJIIII STOCIC. (FILE 33-78502 -MY. OJ) (BR. 7)

S-8 IIOLSCIIBUllIES GRa.J> lie, 582 GREATROAD... TI SIIITHFIELD. II D28!J6 (401) 769-8000 - 50,000 ($368,750) CXIIDI SToac. (FILE 33-7B504 - MY. CD) (BR. 9)

5-8 AIXIIE STSTEJIS lie, 1585 CllARLESTCliRD, JlUlTAII VIEV, tA M043 (415) 961-4400 - 50,000 ($1,309,375) CXJIIII STOCIC. (FILE 33-711506 -MY. 03) (II. 9)

5-2 HEOLERSlit, 18963 I E 4TH Dun, JlIMI, FL 33179 (305) 651-00CB -14,096,691 ($13,681.950.66) CXJIIII STOCIC. (FILE 33-11501 - MT. CD) (II. 8)

S-3 liB F(Q)S CDP, 2831 E JlIRALOIA. AllAllEIJI, tA 92806 (714) 612-1672 -618,873 ($4,950,984) aJIDI srece. (FILE 33-78510 - MY. CD) (II. 11)

S-s lEU IIC, 10614 E LOCJCJOIt, WICHITA, a 67207 (316) 687-6O/JIJ - 125,_ ($375,000) aJIDI sroce. (FILE 33-78514 - MY. OJ) (II. 3)

s-a TCMSTJIASTEIIIIC, 1801 I STADllil BLVD, COllJIIIA, JIG 65202 (314) 445-1666 - 515,000 ($3,372,875) aJIDI STOCIC. (FILE 33-78516 - MY. 02) (II. 10)

5-1 DIMETRICS JlEDltAL lit, 2658 PATICII RD, ROSEVILLE, • 55113 (612) 639-8035 - 2.875,000 (528,750.000) aJIIII STOCIC. (FILE D-7B51a -MY. 04) CII. 8)

5-8 AAI:II lit, 2425 S YUmI, TUlSA, ex 74107 (918) 583-2266 - 550,000 (58,800,000) aJIDI STOCIC. (FILE 33-78520 - MY. 04) (BR. 10)

HBWS DIGBS~, Kay 12, 1". 8

REGISTRATUJlS COlT.

5-8 CHATTEM IIC. 1715 " 38TH ST. CHATTAIIOOGA. TIll37409 (615) 821-4571 -80.000 (S52O.ooo) (DIIJI STOCK. (FILE 33-78522 - MY. 04) (aR. 4)

5-8 CHATTEM IIIC. 1715 " 38TH ST, CHATTAIIOOGA, TIll37409 (615) 821-4571 -350.000 ($2.275,000) (DIIJI STOCK. (FILE 33-78524 - MY. 04) (aR. 4)

5-8 UCT aMUllCATIOIIIS IIC. 135 E ORTEGA STREET, SAlTA BARBARA. CA 93101 (805) 963-2423 - 1,217,300 (17.912,450) (DIIJI STOCK. (FILE 33-78526 -MY. 04) (SR. 7)

5-8 FLEXTROIIIICS IIiTERllATlOIIIAl LTD, 514 CHEE lIII 1SO-12, limB IIIXJSTRIAl ESTATE, SIIGAPORE 1646. F5 (065) 449-5255 - 1.432,500 (115,402,600) (DIIJI STOCK. (FILE 33-78528 - MY. 04) (SR. 3)

5-3 TIMBERlIlIE SOFTlIARE a.PORATlOIII. 9600 SU IIIBJS AVE. BEAVERTOIII, OR 97005 (503) 626-6775 - 100,000 (1700,000) IXIIIII STOCK. (FILE 33-78530 -MY. 04) (SR. 10)

5-8 AlBBIARLE CORP, 330 5 FClIlTH ST, RICIIIDI), VA 23219 (804) 788-5000 -3,200.000 ($46.000,000) (DIIJI STOCK. (FILE 33-78532 - MY. 04) (SR. 2)

5-8 SORICOIII CORP/DE/. S621 ARAPOIIOEAVE. IIClJl.DER. eo 80303 (303) 44O-2!00 -800,000 (13.960.000) IXIIIII STOCK. (FILE 33-78534 - MY. 04) (aR. 10)

5-3 SAllDS REGEITJIIV. 345 I ARlIlGTOIII AVE, REIO, IV 89501 (702) 348-2200 -141,000 (S1,427,625) CONJI STOCK. (FILE 33-78536 - MY. 04) (IR. 11)

5-3 HANOVERBAlllCORP IIC, 33 CARLISLE ST. HANOVER. PA lml (717) 637-2201 -100,000 ($2,738,000) IXIIIII STOCK. (FILE 33-78538 - MY. 04) (aR. 1)

5-3 GEOTB aMUllCATlOIIIS IIC. 20 CRAIG ROllO, _TVAtE, IJ 07645 (201) 930-9305 - 222,223 ($2.431,119.62) IXIIIII STOCK. (FILE 33-7B540 -MY. 04) (SR. 7)

5-8 PARCPLACE SYSTEMS IIC, 999 EAST ARQUES AVE. ~AlE, CA 94086 (408) 481-9090 - 2.396.995 ($21,876.893.97) IXIIIII STOCK. (FILE 33-78542 -MY. 04) (SR. 10)

5-8 DYIWiEI IIC, 99 ERIE STREET, CAMBRIDGE, M 02139 (617) 491-2527 -250,000 ($218,750) IXIIIII STOCK. (FILE 33-78546 - MY. 04) (aR. 4)

5-3 FARMSTEAD TELEPHOIIIE GROll» IIIC, 81 CIIIHlI ST, EAST HARTFORD, CT 06108 (203) 282-0010 - 2,000,000 (11.620,000) aJIDI STOCK. (FILE 33-78548 -MY. 04) (SR. 3)

5-8 Pleo PRmUCTS IIC. 12500 FOOTHILL BLVD, LMEVIEY TERR, CA 91342 (818) 897-0028 - 685,000 ($898,750) IXIIIII STOCK. (FILE 33-78550 -MY. 04) (SR. 7)

5-8 FRAIInII BAIIIa.PORATlOIII IIC, 1722 I (EYE) STREET I.", YASHIIGTOIII, DC 20006 (202) 429-9888 - 800,000 ($2,848,000) IXIIIII STOCK. (FILE 33-78608 -MY. 04) (SR. 2)

5-8 FRANKlII BAlllcatPORATlOIII IIC, 1722 I (EYE) STREET I.", YASHIIGTOIII, DC 20006 (202) 429-9888 - 97.000 (1345,320) aJIDI srOCK. (FILE 33-78610 -MY. 04) (SR. 2)

NEWS DIGEST, May 12, 1994 ,

REGISTRATUIIS IXIIT.

S-8 SIIORBDJ) PACKAGIIGCDP, 55 ElGIIEERS Lt, FARMIJIQ)ALE,If 11735 (516) 694-2900 - 1,000,000 (S14,59O,000) aJIIII STOCIC. (FILE 33-78614 -MY. 04) (IR. 8)

S-3 AGCDCXlRPIDE, 4830 RIVER GREEI PlIMY, DUlUTH, CiA 30136 (404) 813-9200- 3,737,500 (S136,418,750) aJIIII STOCIC. lJI)fRIIllTER: CS FIRST 805T(II,DILL(II READ& CO lit, SMITH BARJIEY SHEARSCJI IIC. (FILE 33-78616 - MY. 04)(IR. 3)

ACQUISITIONS OF SECURITIES

companies and individuals must report to the Commission within ten dayon Schedule 130 if after the acquisition of equity securities of a public company their beneficial interest therein exceeds five percent. PersoDs eligible to use the short form (Schedule 13G) may in lieu of filingSchedule 130 file a Schedule 13G within 45 days after the end of the calendar year in which the person bec..e subject to section 13(d) (1). companies and individuals making a tender offer must have on file at the time the tender offer commences a Schedule 140-1.

Below is a list of recent filings of Scbedules 130 and 140, which includes the following information: Column 1 - the company purchasel (top), and the n..e of the purchaser; Column 2 - the type of securitl purchased; Column - 3 - the type of form filed; Column 4 - tbe date the transaction occurred; Column 5 - the current number of sbares (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.

EVEIl SIIRS(ooo)J IlISIP/ FlUIG !WE All) CLASS OF STOCXlOloWER FORtI DATE m.o PRIORI STATUS

MERICA (lillIE lie all 450 02799310SPRIIl CXIIUII CATICIISLP ETAL 130 5/14/93 6.4 0.0 lEU

AMERICAlI IEnIItK GR(lJt lie all lEV 4,439 02861610PAXSCIICXIIUIICATI(IIS 130 4/14/94 100.0 0.0 lEV

MER ICAlI RL" TR lie all SO.01 lEU 1,385 02917740PHILLIPS RYAMT ET AL 130 3/31/94 45.0 19.3 lFDATE

AMERICREDITCDP all 1,543 03399810REGAl BASIL P ETAL 13D 4J20/94 5.3 0.0 lEV

ASPEI MARllE GIHlP lie all lEV 0 04599230BERTRIXCDP 13D 4/24/94 0.0 0.0 lEU

HEWS DIGEST, Kay 12, 1994 10

ACQUISITIONS COlT.

EYEIIT SHRS(OOO)I aJSlPI FlLlIIG lIME All) ClASS OF STOCK/IMlER Fcmt DATE JDIIED PRIORS STAros

CHAllllEL MER LPTV HLDGS IIC aJII 707 15913910 LAIFER LAllCE ET AL 13D 3/17/94 17.5 0.0 lIEU

CHAPARRALRES IIC aJII PAR SO.10 1,049 15942020 PRIIZ GARY CHARLES 13D 1/14/94 8.6 0.0 lIEU

COITEL CELLULAR IIC CLA 538 21090410 SAllDLER ASSOC ET AL 13D 5/10/94 0.5 0.0 lIEU

EDI SOl CTL CDtP aJII 195 2lI0II8310 EDCO PARTNERS LTO ET AL 13D lJ29/94 9.5 10.1 lJIDATE

Rl..L IDJSE REsatTS lie aJII 1,200 35967810 PAUlSOI ALLEI E 13D 3J30/94 18.6 23.2 UPDATE

L1ICDl11 TELE~ICATIONS C aJII 3,177 53478010 SAHARAENTERPRISES IIC 13D 4/1ZJ94 9.7 10.2 lJIDATE

LITTLEFIELD ADAMS& CO aJII 141 53758110 CHESTNUT HILL CAP L P 13D 51 9/94 6.5 9.7 UPDATE

LOTTERY EITERPRISES IIC aJII 2,038 54~10 BlJIDEI " COTTON 13D 31 4/94 27.1 0.0 lIEU

LYIIX THERAPEUTICS aJII 4,200 55181210 SIIGAPORE BIO IIIIDVATIONS PTE 13D 4/8/94 37.4 17.8 lJIDATE

MATRIX PHARMACEUTICALlie aJII 667 57684410 MEDEVAPLC ET AL 13D 5/11/94 6.5 0.0 lEU

fll)11E MFG CO aJII GMCO IIVESTmlS lie ET AL 13D

1,915 5/10/94 6.5

60782810 7.5 lJIDATE

_TH NEIl VACCINE IIC aJII BlOCHER PHARM IIC 13D

11,23751 6/94 40.6

65720110 45.2 lJIDATE

PRllCETON DENTAL MGMTCDtP aJII 2,443 74187210 GIIGLE TERRY ET AL 13D 41 1194 89.1 0.0 lEV

RYAI-IUlPHY IIC aJII 3,607 7B35OII10 IUlPHY DElliS C 13D 51 4194 32.1 32.1 lIIDATE

RYAI-IUlPHY IIC aJII 3,524 7B35OII10 RYAI PATRICIC V 13D 51 4194 31.4 31.4 lJIDATE

SPmlTS/LEISURE IIC aJII 3,131 84891810 SP(IlTS/LEISURE ACQUIS ET AL 13D 2/24194 65.8 100.0 lJIDATE

STEPHAI CO aJII 384 11586CD10 ALLEI C ROBERT III 13D 4/15194 11.9 0.0 lIEU

NEWS DIGEST, Kay 12, 1994 11

RECEIT 8IC fILlIGS

Foni a-Ie is used by CCIIIpWIies to file current reports an the follCllfi,. ewawts:

Itell 1. ~ in Control of Registrant. Itell 2. AaJ,iisitian or Dispositian of Assets.Itell 3. lIIDtn,ptcy or Receivership.Itell 4. a..,ges in Registrant'. eertifyi,. Acccun:ant.Itell 5. Other Materially IlIprtant Ewnt ••Itell 6. Resignations of Registrant's Directors.Itell 1. Fil'W1Cial State.nts and Exhibits.Itell 8. au.. in Fiscal Year.

The C:Cllp8flies listed bel ... have fi led 8-1C reports for the .te indic:ated ..uor _ a to H ,.....-t8 ..... _1' filed. respondirv to the itell(s) of the fOl'll specified. Capies of the reports -w''' f,.. c-I_I..•• Plbl ic: Reference R~ (when orderirv. please give the .te of the report). An trwolce IIItt lie Inc" III .. tilt recp!Sted _terial when _i led.

STATE .ITBlIO.lINE OF I SSlER COOE 12345618 DATE CXIIEIIT

.--------------------------------------- --------------- ---------------ACE ELECTRIC CDlP If X 04/28194ACTAVA GIKlJ» lie DE X X O4!19J9'AIRBORIE fREIGHT CORP IDEI DE X 04/26/96ATlCIIISOI QJY F aJ OF CALIFORIIIA CA X O4J21J9'BlOCDUSTER ElTERTAIII£IIT CDlP DE X X 115/f15J9'... BROiII CDlP DE X 03/01J9'CElTOCXIt IIIC PA X X O4J21J9'CEIffiIt I (II Itl lIE CORP UT X X O4J29J9'CHEYBIIE SOFT1MRE lie DE X X O4!1119'CIVIC IIAIaItP CA X X 04/28194COOE AI.ARfI lie til X X O4/19J9'CD.aHlCS CDlP IGAI GA X 02J11'"..aJIIUTER PETROLElJI CDlP 1M X O4J25'"aJtESTATES fllAllCIAL CDlP PA X 12J3'~CDtTLAIIJ IIAIIC(Jlp IIIC 011 X 04/26/96CYTCIlAD IIIC DE X X O4J25J9'DAUM IIIl ACCE CDt C(JIS OBLI STRU TR ASS DE X X O4J25J9'DCX IIIC aJ X O4/f15J9' ECI TELECOI LTD X X O4~ELSIImtE CDlP IV X X 04128194F & C IITERMATI(JIAl IIC 011 X X 03/31",FALC(JI CLASSIC CABLE IICOIE PlHPERTIES L CA X X O4J29J9'FBS MORTGAGECDtP IIIl PA THROOGII CElT SE 10 ITEMS 0112OJ9'FBS MORTGAGECDtP IIIlT PASS TIIRWGII CElT 10 ITEMS 01120'"FIRST 8OST(II IIIl SEC CDtP IIJl. T IIIlT PASS DE X X O4J25'"fiRST ClJIDM:Al.TN fllAllCIAL CDtP /PAl PA X O4J21J9'fiRST fllAlCIAL IIAIIC(Jlp IIC IFL FL X O4/19J9'FIRST PACIFIC IIET1QU(S lie DE X 03/11J9'FIRSTBANK OF ILLIIOIS aJ DE X 115Jf12J94

RBW8 DIGB8~, "7 12, ltt4 12