SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.

     Securities Exchange Act of 1934
     Release No. 38914 / August 11, 1997

     In the Matter of David P. Silver,
     Administrative Proceeding File No. 3-9358

          The Commission has instituted public administrative proceedings
     pursuant to Section 15(b)(4) of the Securities Exchange Act of 1934
     ( Exchange Act ) against David P. Silver ( Silver ).  In the Order, the
     Division of Enforcement alleges that from in or about November 1993 through
     in or about December 1994, Silver was a broker as defined by Section
     3(a)(4) of the Exchange Act.  The Division of Enforcement further alleges
     that a permanent injunction was entered against Silver in connection with a
     fraudulent scheme to offer and sell unregistered securities in a series of
     17 related partnerships. 

          The Order is based upon the entry of a permanent injunction against
     Silver in the Commission s previously filed civil action.  On June 18, 1997
     the Honorable Robert M. Takasugi entered a Final Judgment of Permanent
     Injunction against Silver which permanently enjoined him from violations of
     Sections 5(a) and (c) and 17(a) of the Securities Act of 1933 and Sections
     10(b), and Rule 10b-5 thereunder, and 15(a) of the Exchange Act.  Silver
     was also ordered to disgorge $178,017, pay prejudgment interest thereon,
     and was made jointly and severally liable for defendant Trans-American
     Ostrich Traders, Inc. s disgorgement obligation of $7,170,000 plus
     prejudgment interest.  Finally, the final judgment also bars Silver from
     acting as an officer or director of any public company.

          The Commission s complaint in the civil matter alleged that, from in
     or about November 1993 through in or about December 1994, Silver engaged in
     a fraudulent scheme to offer and sell unregistered securities in a series
     of 17 related partnerships purportedly organized for the purpose acquiring,
     raising, and breeding ostriches.  The complaint also alleges that
     Respondent violated the antifraud provisions of the federal securities laws
     by making material misrepresentations and omissions in connection with the
     offer and sale of the unregistered securities.  The complaint further
     alleges that Silver acted as a broker in connection with the sale of the
     unregistered securities without being registered with the Commission as a
     broker.

          A hearing will be scheduled to determine whether the allegations
     against Silver are true, and, if so, what, if any, remedial action is
     appropriate in the public interest.   







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