FOR IMMEDIATE RELEASE                                       97-46 


                        SEC OPEN MEETING 



     Washington, D.C., June 6, 1997 -- Pursuant to provisions of
the Government in the Sunshine Act, the Securities and Exchange
Commission will hear oral argument on an appeal by Sharon M. Graham
and Stephen C. Voss from an administrative law judge's initial
decision; and oral argument on an appeal by Adrian C. Havill from
an administrative law judge's initial decision.  The public
hearings will be held on Monday, June 9, starting at 10:00 a.m., in
Room 6059, at Commission Headquarters, 450 Fifth Street, N.W.,
Washington, D.C.


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Any member of the public who requires auxiliary aids such as a
sign-language interpreter or material on tape to attend a public
meeting should contact Rochelle Franks, Office of Administrative
and Personnel Management, to make arrangements.  Ms. Franks can be
reached at (202) 942-9558, or at a TTY number (202) 942-4075. 
Staff members at the Commission are encouraged to contact Ms.
Franks if they receive inquiries on availability of auxiliary aids.