UNITED STATES SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No.    16151 / May 18, 1999

          SECURITIES  AND  EXCHANGE  COMMISSION V. BHARAT KOTECHA and ARNON
          ISAACSON, Civil Action No. 1: 98-CV-1576-JCT (N.D.Ga.)

               On May 13, 1999, the Honorable  Jack  T. Camp, United States
          District Judge for the Northern District of  Georgia,  entered an
          order  granting relief against Arnon Isaacson in the Commission’s
          case against  Isaacson  and Bharat Kotecha, both former employees
          of  The  Home  Depot,  Inc.,   an  Atlanta-based  chain  of  home
          improvement  and  building  supply   stores.    The  Commission’s
          complaint, filed on June 3, 1998, alleged that during  April  and
          May  of  1995,  Isaacson  learned  that  Home  Depot’s  financial
          performance  during  the  first  quarter  of its 1995 fiscal year
          would   be  disappointing.   Allegedly  using  this   information
          received  in  the  course  of  his  employment,  Isaacson  opened
          positions in put options on Home Depot’s stock shortly before the
          company’s  public  announcement  about  its  disappointing  first
          quarter  earnings  on May 16, 1995.   Additionally, the complaint
          alleged that Isaacson  tipped  his  father and brother as to Home
          Depot’s  financial performance, and that  they  also  opened  put
          option positions before the announcement.

               The  order   permanently   enjoins   Isaacson  from  further
          violations  of Section 10(b) of the Securities  Exchange  Act  of
          1934 and Rule 10b-5 thereunder, and directs him to pay $23,650 in
          disgorgement,  $6,067.02  in  prejudgment interest and a total of
          $488.83 in postjudgment interest  on  these  amounts.   The order
          also  directs  Isaacson  to pay a civil penalty of $23,650 and  a
          total  of  $1,581  in  postjudgment   interest  on  this  amount.
          Isaacson consented to the entry of the order without admitting or
          denying  the  allegations  in the Commission’s  complaint.   (See
          also, Litigation Release No. 16142).