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                SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, D.C. 20549

LITIGATION RELEASE NO. 15103 / October 2, 1996

SECURITIES AND EXCHANGE COMMISSION v. JOHN W. WALSH, JR.,
INTERCAP MONITORING CORPORATION, SECURITY DATA GROUP, INC.,
INTERCAP MONITORING INCOME FUND IV-A, LTD., INTERCAP MONITORING
INCOME FUND IV-B, LTD., INTERCAP MONITORING INCOME FUND IV-C,
LTD., INTERCAP MONITORING INCOME FUND IV-D, LTD., INTERCAP
MONITORING INCOME FUND V, LTD., and INTERCAP MONITORING INCOME
FUND V-B, LTD., U.S. District Court for the District of
Minnesota, Civil Action No. 4-96-CV-0733 (formerly 3-94-CV-1573)

     The Securities and Exchange Commission announced that it has
settled a civil action which the Commission had filed in U.S.
District Court for the District of Minnesota against defendants
John W. Walsh, Jr. ("Walsh"), InterCap Monitoring Corporation
("InterCap"), Security Data Group, Inc. ("SDG"), InterCap
Monitoring Income Funds IV-A, B, C, and D, Ltd., and InterCap
Monitoring Income Funds V and V-B, Ltd.  The defendants were in
the business of buying, and holding for investment purposes,
residential and business security alarm monitoring contracts.  
     In its Complaint, the Commission alleged that, from
approximately January 1989 through the spring of 1992, the
defendants violated the federal securities laws by making
fraudulent misrepresentations and omissions to investors in
connection with the offer or sale of partnership interests and by
offering unregistered securities.  

     Defendants Walsh, InterCap, and SDG, without admitted or
denying the allegations in the Commission's Complaint, consented
to the entry of judgments which included final orders of
permanent injunction against the defendants for their respective
violations of Sections 5(c) and 17(a) of the Securities Act of
1933 ("Securities Act") and Section 10(b) of the Securities
Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder. 
Additionally, Walsh agreed to assessment of civil penalties in
the amount of $250,000 pursuant to Section 20(d) of the
Securities Act and Section 21(d)(3) of the Exchange Act.  Based
upon Walsh's financial condition, the Court did not direct
payment of the penalties.  This action has now been concluded as
to all parties.