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                SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.


LITIGATION RELEASE No. 14898 / May 2, 1996

SECURITIES AND EXCHANGE COMMISSION V. TIXMAX I GENERAL
PARTNERSHIP, ET AL., Civil Action No. C-96-1038-CW (N.D. Cal.
March 20, 1996)

     The Securities and Exchange Commission announced the filing
of a Complaint in the United States District Court for the
Northern District of California against TixMax I General
Partnership, FMJ Financial Group, Inc., Norman J. Follis, Andrei
S. Melchner, Allan R. Jamieson and Intervise, Inc. (collectively,
"defendants") alleging violations of Sections 5(a), 5(c) and
17(a) of the Securities Act of 1933 ("Securities Act"), Sections
10(b) and 15(a) of the Securities Exchange Act of 1934 ("Exchange
Act") and Rule 10b-5 promulgated thereunder.  In its Complaint,
the Commission seeks a permanent injunction against the
defendants, disgorgement plus prejudgment interest and civil
penalties pursuant to Section 20(d) of the Securities Act and
Section 21(d)(3) of the Exchange Act.

     According to the Complaint, the action involves the
fraudulent offer and sale of unregistered general partnership
interests by the defendants.  From August 1994 to March 1995, the
defendants and others raised approximately $730,000 from more
than 85 investors.  In connection with the offer and sale of
these securities, the defendants and others violated the
antifraud provisions of the federal securities laws by
misrepresenting: (a) the identities and experience of themselves
and the underlying business venture's promoters; (b) the use of
investor funds; (c) the status of the underlying business
venture; (d) the expected investor returns on investment.  The
Complaint further alleges that the defendants failed to register
the general partnership securities as required and illegally
operated as unregistered broker-dealers.