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                SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C.

LITIGATION RELEASE NO. 15299 / March 18, 1997

SECURITIES AND EXCHANGE COMMISSION v. KENTON CAPITAL, LTD., et
al., Civ. No. 95-0829 (GK) (D.D.C., filed May 3, 1995).

     The Securities and Exchange Commission announced that on
February 25, 1997, Judge Gladys Kessler of the United States
District Court for the District of Columbia entered a Final
Judgment of Permanent Injunction and Other Equitable Relief
against Terry Plack.  The Commission's Complaint, filed May 3,
1995, and amended on July 17, 1996 (the "Complaint"), alleges
that Plack, in conjunction with other promoters, solicited
investors to invest in certain "bank instrument" trading programs
offered by Kenton Capital, Ltd.  The Complaint alleges that Plack
and other promoters projected to investors annual returns on
these trading programs ranging from 34,200% to over 1,200,000%.  

     Without admitting or denying the Commission's allegations,
Plack consented to the entry of a final judgment permanently
enjoining him from future violations of Sections 5(a), 5(c) and
17(a) of the Securities Act of 1933, Sections 10(b) and 15(a) of
the Securities Exchange Act of 1934 and Rule 10b-5 thereunder,
and Section 203(a) of the Investment Advisers Act of 1940, and
ordering him to disgorge, jointly and severally with all other
defendants, $3,300, plus prejudgment interest of $260.30, for a
total disgorgement sum of $3,560.30, within six months.  The
judgment further orders Plack to pay a civil penalty of $3,300. 
Based upon Plack's demonstrated financial condition, the civil
penalty will be waived if full disgorgement is paid within six
months.

     On May 3, 1995, the Court issued a temporary restraining
order and an asset freeze in this action.  (See Lit. Rel. No.
14490, May 4, 1995).  The Court also issued a preliminary
injunction on June 23, 1995.  (See Lit. Rel. No. 14544, June 26,
1995).  On July 18, 1996, the Court entered a Final Judgment of
Permanent Injunction against Joseph Silvestri and a Final
Judgment of Disgorgement against Charles Smith and Atlantic
Pacific Guarantee Corporation.  (See Lit. Rel. No. 14999, August
5, 1996).  On October 17, 1996, the Court entered a Final
Judgment of Permanent Injunction and Other Equitable Relief
against Harry Watson, Tracy French and Deltaur Partners.  (See
Lit. Rel. No. 15135, October 24, 1996).  The Commission's
litigation continues with respect to defendants Kenton Capital,
Ltd., Donald Wallace and Jeffrey Carter.