UNITED STATES SECURITIES AND EXCHANGE COMMISSION


     LITIGATION RELEASE NO. 15641 / February 17, 1998

     SECURITIES AND EXCHANGE COMMISSION V. S. JIM FARHA, 
     Case No. 1:98CV00133 (D.C.C.)         

          The Securities and Exchange Commission ("SEC") announced that on
     January 13, 1998 it filed a lawsuit in the United States District Court for
     the District of Columbia against S. Jim Farha  ("Farha"), a resident of
     Wichita, Kansas, for violations of the anti-fraud provisions of the federal
     securities laws, namely Section 17(a) of the Securities Act of 1933 and
     Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
     thereunder, arising out of his insider trading in the common stock of
     Physician Corporation of America, a Florida-based health care provider
     which was recently acquired.  Simultaneously with the filing of the SEC's
     lawsuit, Farha, with neither admitting nor denying the SEC's allegations,
     consented to a permanent injunction and agreed to pay a total of
     $419,318.00 in disgorgement, pre-judgment interest and a civil penalty.  On
     January 29, 1998, the Court entered a final judgment against Farha.

          According to the SEC's complaint, on March 22, 1995 Farha
     misappropriated from a PCA insider material, non-public information
     concerning an unfavorable quarterly earnings announcement for PCA scheduled
     to be publicly released the next day.  The SEC alleges that Farha, with
     knowledge of PCA's unfavorable earnings announcement, sold certain of his
     PCA stock holdings that same day.  On March 23, 1995, PCA issued its
     announcement and PCA stock fell approximately 20% on heavy volume.  The SEC
     contends that Farha avoided losses of over $186,000 through his sale of PCA
     stock.  The SEC's lawsuit further alleges that Farha began repurchasing PCA
     stock on March 23, 1995 and the days thereafter at prices lower than that
     at which he had previously sold.