SEC NEWS DIGEST Issue 2002-175 September 10, 2002 COMMISSION ANNOUNCEMENTS COMMISSION MEETINGS CHANGE IN THE MEETING: ADDITIONAL ITEM The following item was added to the closed meeting held on Tuesday, September 10, at 10:00 a.m.: Formal order of investigation. CHANGE IN THE MEETING: ADDITIONAL MEETING An additional closed meeting will be held on Thursday, September 12, 2002, at 4:00 p.m. The subject matter of the closed meeting will be: Amicus consideration. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact: The Office of the Secretary at (202) 942-7070. ENFORCEMENT PROCEEDINGS IN THE MATTER OF NETAIR.COM, INC. An Administrative Law Judge revoked the registration of the common stock of NetAir.com, Inc., (NetAir) a Nevada corporation headquartered in Salt Lake City, Utah. The judge found NetAir in default under the Commission's Rules of Practice because it had failed to file a timely answer to allegations that NetAir had violated Section 13(a) of the Exchange Act and Rule 13a-11 by (i) failing to file a Form 8-K disclosing that its only two officers and directors have resigned from the corporation, and that NetAir now has no officers or directors, and (ii) failing to file its first quarter Form 10-QSB; and Section 10(b) of the Exchange Act and Rule 10b-5 by making false and misleading statements about material issues in press releases dated March 19 and March 27, 2002, and in Commission filings. (Rel. 34-46465; File No. 3- 10855) INVESTMENT COMPANY ACT RELEASES THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES, ET AL. An order has been issued pursuant to Section 26(c) of the Investment Company Act to the Equitable Life Assurance Society of the United States and certain of its separate accounts approving the substitution of Class IA shares and Class IB shares of the EQ/Balanced Portfolio for Class IA shares and Class IB shares, respectively, of the EQ/Alliance Growth Investors Portfolio. An order also has been issued pursuant to Section 17(b) of the Act to permit certain in-kind transactions in connection with the substitution. (Rel. IC-25728 - September 6) SELF-REGULATORY ORGANIZATIONS IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES A proposed rule change filed by the National Association of Securities Dealers (SR-NASD-2002-100) under Section 19(b)(1) of the Securities Exchange Act of 1934 establishing a late fee to be assessed against NASD members that fail timely to pay their yearly renewal fees to the Central Registration Depository ("CRDr" or "Web CRDSM") has become effective under Section 19(b)(3)(A) of the Act. Publication of the proposal is expected in the Federal Register during the week of September 9. (Rel. 34-46466) A proposed rule change filed by the Pacific Exchange regarding anti- money laundering compliance programs (SR-PCX-2002-44) has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication of the proposal is expected in the Federal Register during the week of September 9. (Rel. 34-46468) APPROVAL OF PROPOSED FINGERPRINTING PLAN AMENDMENT A proposed amended fingerprinting plan filed by the Chicago Board Options Exchange pursuant to Rule 17f-2(c) under the Securities Exchange Act of 1934 has been declared effective. Publication of the approval and amended plan is expected in the Federal Register during the week of September 9. (Rel. 34-46467) APPROVAL OF A PROPOSED RULE CHANGES The Commission granted approval of a proposed rule change (SR-OCC-2002- 02) filed by The Options Clearing Corporation under Section 19(b)(1) of the Securities Exchange Act of 1934. The rule change allows OCC to provide clearing services to options exchanges that are not stockholders. Publication of the proposal is expected in the Federal Register during the week of September 9. (Rel. 34-46469) The Commission granted approval of a proposed rule change (SR-GSCC-2001- 10) filed by the Government Securities Clearing Corporation under Section 19(b) of the Securities Exchange Act. The order establishes a loss allocation cap for dealers acting as brokers on their repurchase agreement trades similar to the loss allocation cap for brokers. Publication of the proposal is expected in the Federal Register during the week of September 9. (Rel. 34-46472) DELISTINGS GRANTED An order has been issued granting the application of the Pacific Exchange to strike from listing and registration call and put option contracts issued by The Options Clearing Corporation with respect to certain underlying securities, effective at the opening of business on September 10, 2002. (Rel. 34-46476) An order has been issued granting the application of the Philadelphia Stock Exchange to strike from listing and registration call and put option contracts issued by The Options Clearing Corporation with respect to certain underlying securities, effective at the opening of business on September 10, 2002. (Rel. 34-46477) 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. Registration statements may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . S-8 COMCAM INC, 1140 MCDERMOTT DRIVE, SUITE 200, WEST CHESTER, PA, 19380, 6104368089 - 200,000 ($140,000.00) Equity, (File 333-99299 - Sep. 9) (BR. 09) S-4 UMPQUA HOLDINGS CORP, 200 SW MARKET STREET, SUITE 1900, PORTLAND, OR, 97470, 5035462490 - 0 ($152,801,285.00) Equity, (File 333-99301 - Sep. 9) (BR. 07) S-8 TECHNICAL OLYMPIC USA INC, 4000 HOLLYWOOD BLVD, SUITE 500N, HOLLYWOOD, FL, 33021, 954 364 4000 - 0 ($62,080,000.00) Equity, (File 333-99307 - Sep. 9) (BR. 06) S-3 UNITED SURGICAL PARTNERS INTERNATIONAL INC, 17103 PRESTON RD, SUITE 200, N DALLAS, TX, 75248, 0 ($115,000,000.00) Equity, (File 333-99309 - Sep. 9) (BR. 01) S-8 MATRIXX INITIATIVES INC, 2375 EAST CAMELBACK ROAD, SUITE 500, PHOENIX, AZ, 85016, 6023875353 - 1,000,000 ($9,730,000.00) Equity, (File 333-99311 - Sep. 9) (BR. 01) SB-2 CONCENTRAX INC, 817 OAK GLEN, HOUSTON, TX, 77076, 8883409715 - 1,377,000 ($519,070.00) Equity, (File 333-99315 - Sep. 9) (BR. 37) S-8 UNISOURCE ENERGY CORP, ONE SOUTH CHURCH AVENUE, SUITE 100, TUCSON, AZ, 85701, 520-571-4000 - 204,000 ($3,410,880.00) Equity, (File 333-99317 - Sep. 9) (BR. 02) S-8 WARRANTECH CORP, 300 ATLANTIC ST, STAMFORD, CT, 06901, 2039751100 - 200,000 ($185,000.00) Equity, (File 333-99331 - Sep. 9) (BR. 08) S-8 FNB CORP/NC, 101 SUNSET AVE, P O BOX 1328, ASHEBORO, NC, 27203, 3366268300 - 141,225 ($2,436,131.25) Equity, (File 333-99333 - Sep. 9) (BR. 07) S-2 INTEREP NATIONAL RADIO SALES INC, 100 PARK AVENUE, NEW YORK, NY, 10017, 2129160700 - 6,000,000 ($18,120,000.00) Equity, (File 333-99335 - Sep. 9) (BR. 37) S-8 HEALTH NET INC, 21650 OXNARD ST, WOODLAND HILLS, CA, 91367, 8186766000 - 0 ($112,000,000.00) Equity, (File 333-99337 - Sep. 9) (BR. 01) S-4 MILLENNIUM AMERICA INC, 230 HALF MILE RD, RED BANK, NJ, 07701, 7329335000 - 100,000,000 ($100,000,000.00) Non-Convertible Debt, (File 333-99341 - Sep. 9) (BR. 04) S-8 COMCAST CORP, 1500 MARKET STREET, PHILADELPHIA, PA, 19102-2148, 2156651700 - 0 ($686,930,959.00) Equity, (File 333-99343 - Sep. 9) (BR. 37) S-3 RAMCO GERSHENSON PROPERTIES TRUST, 27600 NORTHWESTERN HWY, SUITE 200, SOUTHFIELD, MI, 48034, 2483509900 - 0 ($150,000,000.00) Equity, (File 333-99345 - Sep. 9) (BR. 08) S-1 BRIDGE STREET FINANCIAL INC, 44 EAST BRIDGE STREET, OWEGO, NY, 13126, 31543434100 - 0 ($34,153,430.00) Equity, (File 333-99347 - Sep. 9) (BR. ) S-11 HOLMES FUNDING LTD, ABBEY HOUSE BAKER STREET, 011-44-20-7612-4000, LONDON NW1 6XL UNITE, X0, 00000, 3,245,000,000 ($3,245,000,000.00) Mortgage Backed Securities, (File 333-99349 - Sep. 9) (BR. 05) RECENT 8K 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. Item 9. Regulation FD Disclosure. The following companies have filed 8-K reports for the date indicated and/or amendments to 8-K reports previously filed, responding to the item(s) of the form specified. 8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT ------------------------------------------------------------------------------------ AASTROM BIOSCIENCES INC MI X X 09/09/02 AMERICAN ENTERPRISE MVA ACCOUNT X 09/06/02 AMERICAN MEDICAL SECURITY GROUP INC WI X 09/09/02 AMERICAN WATER WORKS CO INC DE X 09/09/02 AMREIT INC MD X 09/09/02 ANALYTICAL SURVEYS INC CO X 09/09/02 ATLAS MINERALS INC CO X 09/09/02 AURORA FOODS INC /DE/ DE X X 09/09/02 BASIC TECHNOLOGIES INC CO X X 05/01/02 BEAR STEARNS ALT A TR MORTGAGE PASS T NY X X 08/25/02 BEAR STEARNS ARM TRUST MORTGAGE PASS NY X X 08/25/02 BEAR STEARNS ARM TRUST MORTGAGE PASS DE X X 08/25/02 BEAR STEARNS ARM TRUST MORTGAGE PASS NY X X 08/25/02 BEAR STEARNS ARM TRUST MORTGAGE PASS NY X X 08/25/02 BEAR STEARNS ARM TRUST MORTGAGE PASS NY X X 08/25/02 BEAR STEARNS ARM TRUST MORTGAGE PASS- NY X X 08/25/02 BEAR STEARNS AS BCK SEC TR 2001-AC1 A DE X X 08/25/02 BEAR STEARNS ASSET BACKED CERT SERS DE X X 08/26/02 BEAR STEARNS ASSET BACKED SEC TR ASSE NY X X 08/26/02 BEAR STEARNS ASSET BCK SEC TR AS-BCK NY X X 08/26/02 BEAR STEARNS AST BCK SEC INC MADISON DE X X 08/25/02 BERGAMO ACQUISITION CORP DE X 07/11/02 AMEND BJS WHOLESALE CLUB INC DE X X 09/09/02 BLOUNT INTERNATIONAL INC DE X X 08/30/02 BWAY CORP DE X X 09/09/02 CENTERPOINT ENERGY INC X X 09/05/02 CHASE FUNDING INC NY X X 09/09/02 CHINDEX INTERNATIONAL INC NY X 09/09/02 CITIGROUP INC DE X X 09/08/02 CNET NETWORKS INC DE X 09/09/02 COASTAL CARIBBEAN OILS & MINERALS LTD D0 X 08/30/02 COLONIAL BANCGROUP INC DE X X 09/09/02 CONSOLIDATED FREIGHTWAYS CORP DE X 09/05/02 CREDIT & ASSET REPACKAGING VEHICLE CO DE X 09/01/02 CUBIST PHARMACEUTICALS INC DE X X 09/09/02 CYBERTEL COMMUNICATIONS CORP NV X X 09/30/02 DDI CORP CA X 09/06/02 DOLLAR GENERAL CORP TN X 09/06/02 ENTROPIN INC CO X X 09/09/02 EPHONE TELECOM INC FL X X 08/29/02 ESTERLINE TECHNOLOGIES CORP DE X X 08/29/02 FORD MOTOR CO DE X X 09/09/02 FORD MOTOR CREDIT CO DE X X 09/09/02 FUTRONIX GROUP INC NV X X 03/20/02 AMEND GRAY TELEVISION INC GA X 09/05/02 GS MORTGAGE SECURITIES CORP DE X X 09/04/02 AMEND HARRIS CORP /DE/ DE X 09/09/02 HARTFORD FINANCIAL SERVICES GROUP INC DE X 09/09/02 HEALTH CARE REIT INC /DE/ DE X X 09/06/02 HILTON HOTELS CORP DE X 09/06/02 HOME EQ LOAN TRUST SER 2002 CIT1 ASST DE X X 08/26/02 HOT PRODUCTS INC COM AZ X X X 09/09/02 HOT PRODUCTS INC COM AZ X X X 09/09/02 AMEND HRPT PROPERTIES TRUST MD X X 09/06/02 ICO INC TX X X 09/09/02 IDACORP INC ID X X 09/09/02 IDS LIFE INSURANCE CO MN X 09/06/02 INTELLICORP INC DE X X X 09/06/02 INTERCALLNET INC NV X 09/03/02 INTERNATIONAL BUSINESS MACHINES CORP NY X 09/05/02 INTERSTATE BAKERIES CORP/DE/ DE X X 09/05/02 INVERNESS MEDICAL INNOVATIONS INC DE X X 09/09/02 ITC DELTACOM INC DE X 09/06/02 J2 COMMUNICATIONS /CA/ CA X X 09/03/02 JANUS HOTELS & RESORTS INC DE X 09/06/02 JONES LANG LASALLE INC MD X X 09/06/02 JSCE INC DE X X 09/06/02 JUNUM INC DE X 09/07/02 KELLWOOD CO DE X X 06/25/02 AMEND KNOLOGY BROADBAND INC DE X X 09/09/02 KNOLOGY INC DE X X 09/09/02 KUSHNER LOCKE CO CA X 08/20/02 LENDINGTREE INC X X 09/09/02 LEXENT INC DE X 09/09/02 LONG BEACH MORT LOAN TRUST 2002-1AS B DE X 08/26/02 MACKIE DESIGNS INC WA X 09/09/02 MAJESTIC INVESTOR HOLDINGS LLC DE X 09/06/02 MANCHESTER TECHNOLOGIES INC NY X 09/05/02 MASTR ADJUSTABLE RATE MORTGAGES TRUST DE X X 08/25/02 MEGAPRO TOOLS INC X X X 08/23/02 MEREDITH CORP IA X 09/09/02 MERRILL LYNCH MORT INV INC MORT PAS T DE X X 08/26/02 MERRILL LYNCH MORT INVEST INC MORT PA NY X X 08/26/02 MEVC DRAPER FISHER JURVESTON FUND I I DE X 09/06/02 MINORPLANET SYSTEMS USA DE X X 08/25/02 MONTEREY BAY BANCORP INC DE X X 09/09/02 MORGAN STANLEY DEAN WITTER CAPITAL I DE X 08/26/02 MORTGAGE ASSET SEC TRANS INC MORT PAS DE X X 08/26/02 MORTGAGE ASSET SEC TRANS INC MORT PAS DE X X 08/26/02 MORTGAGE ASSET SEC TRANSACTIONS INC M DE X X 08/26/02 MSU DEVICES INC DE X 09/06/02 NETWORK ENGINES INC DE X X 09/06/02 NL INDUSTRIES INC NJ X 09/09/02 NOVA OIL INC NV X 09/06/02 NUTRA PHARMA CORP CA X X 08/22/02 OPTION ONE MORT ACCEPT CORP ASSET BAC DE X X 08/25/02 OPTION ONE MORTGAGE ACCEPT CORP ASSET DE X X 08/25/02 OPTION ONE MORTGAGE LOAN TR ASSET BAC DE X X 08/25/02 ORIGEN MANUFACTURED HOUSNG CNT SEN/SU DE X X 09/15/02 ORIGEN MANUFACTURED HOUSNG CNT SEN/SU DE X X 08/15/02 PHOENIX GROUP CORP DE X 08/21/02 PPL CORP PA X X X 09/06/02 PRESTIGE GROUP NET INC NV X X 09/05/02 PROTEIN POLYMER TECHNOLOGIES INC DE X X 09/09/02 PUEBLO XTRA INTERNATIONAL INC DE X 09/09/02 RAMCO GERSHENSON PROPERTIES TRUST MA X X 03/14/02 RELIANT RESOURCES INC DE X X 09/05/02 RENAISSANCE HOME EQUITY LOAN ASSET-BK DE X X 08/26/02 RESIDENTIAL ASSET SECURITIES CORP DE X X 09/09/02 S&T BANCORP INC PA X 09/09/02 SABRE HOLDINGS CORP DE X 08/05/02 SAXON ASSET SECURITIES CO VA X 08/28/02 SEARS CREDIT ACCOUNT MASTER TRUST II IL X X 09/04/02 SEARS ROEBUCK & CO NY X X 09/05/02 SHOP AT HOME INC /TN/ TN X 09/09/02 SLI INC OK X X 09/09/02 SMALL TOWN RADIO INC CO X 09/03/02 SMALL TOWN RADIO INC CO X X X 06/17/02 AMEND SMURFIT STONE CONTAINER CORP DE X X 09/06/02 SNAP ON INC DE X X 09/09/02 SOFTNET SYSTEMS INC DE X X 09/06/02 SONIC JET PERFORMANCE INC CO X X 09/09/02 AMEND SPORTS CLUB CO INC DE X 09/06/02 STEELCASE INC MI X 09/09/02 STRUCTURED ASSET MORT INV MORT PASS T NY X X 08/26/02 STRUCTURED ASSET SEC CORP MORT PASS T DE X X 08/26/02 STRUCTURED ASSET SEC CORP MORT PASS T DE X X 08/26/02 STRUCTURED ASSET SEC CORP MORT PASS T DE X X 08/26/02 STRUCTURED ASSET SEC CORP PASS THR CE DE X X 08/26/02 STRUCTURES ASSET MORTGAGE INV INC MOR NY X X 08/26/02 SUPERIOR NETWORKS INC X X X 09/05/02 TASTY FRIES INC NV X X 09/09/02 TECHNICAL OLYMPIC USA INC DE X X 06/25/02 THORNBURG MORTGAGE SECURITIES TRUST 2 DE X X 08/25/02 TTR TECHNOLOGIES INC DE X 09/09/02 TVI CORP MD X 08/27/02 AMEND UNIGENE LABORATORIES INC DE X X 09/09/02 UNITED NATIONAL BANCORP NJ X 09/06/02 UNITED RETAIL GROUP INC/DE DE X X 09/09/02 UNITED SURGICAL PARTNERS INTERNATIONA DE X X 09/09/02 UNIVIEW TECHNOLOGIES CORP TX X X 09/05/02 URS CORP /NEW/ DE X X 09/09/02 US INDUSTRIES INC /DE DE X X 09/09/02 VIZACOM INC DE X X 09/09/02 WCI COMMUNITIES INC X 06/04/02 WELLS FARGO MORTGAGE BACKED SECURITIE NY X X 08/25/02 WELLS FARGO MORTGAGE BACKED SECURITIE DE X X 08/25/02 WGL HOLDINGS INC VA X 09/05/02 WHOLE LIVING INC X 07/08/02 AMEND WILSHIRE OIL CO OF TEXAS DE X 09/06/02 ZAMBA CORP DE X 09/03/02