sec news digest, 12-02-1993 · adjudication against all the defendants and all the relief it sought...

Issue 93-231 LIBRARY December 2 1993

ntc U 6 1993

U S SECURITIES

ENFOJlCEIIKNTPBOCEEDDIGS EXCHANGE COMMISsrC~ J

VICTOR POSNER STEVEN POSNER AND PENNSYLVANIA ENGINEERING CORPORATION BARRED FROM SERVING AS OFFICERS AND DIRECTORS OF PUBLICLY HELD COHPANIES DIVESTED OF CONTROL OF SUCH COMPANIES AND OJlDERED TO DISGORGE $38 MILLION FOR VIOLATING SECTIONS 7 lO(b) l3(d) AND 17 (a) OF THE EXCHANGE ACT

On December 1 following a full trial on the merits Senior District Judge Milton Pollack of the Southern District of New York issued a memorandum opinion accompanied by findings of fact and conclusions of law in which he concludes that defendants Victor Posner Steven Posner and Pennsylvania Engineering Co with the complicityof Michael Milken and Drexel Burnham Lambert obtained control of Fischbach Corporation by fraudulent means and in the process violated sections 7 10(b) l3(d) and 17(a) of the Securities Exchange Act of 1934 and rules and regulationsthereunder Based on its review of the Posners long and notorious history of engaging in self-dealing and corporate vaste to the detriment of the publicshareholders of companies under their control the Court concludes that one would be hard pressed to find more worthy candidates to be barred from serving as officers and directors It will accordingly bar them from serving as officers or directors of any reporting company pursuant to recently enacted statutory authority To ensure that the Posners do not attempt to circumvent the bar by exercising voting control the Court will also require them to place the stock they own in any reporting company they control in a voting trust The Court in addition will order disgorgement of $3864010 and prospective injunctive relief

The Courts barring the Posner from serving as officers and directors represents the first time that a court has imposed that statutory remedy in a litigated action The ancillary voting trust ordered by the Court although previously employed in settled cases has also never previously been imposed in a litigated case With the Courts decision against the Posner the SEC has obtained judgments by consent or adjudication against all the defendants and all the relief it sought in the case [SEC v Drexel Burnham Lambert Inc et al 88 Clv 6200 lIP SDNY] (LR-13891)

IRVESTHElrl CallPARY ACT IlKLEASES

AMERICAN NATIONAL INSURANCE COMPANY ET AL

A notice has been issued giving interested persons until December 27 to request a hearing on an application filed by American National Insurance Company American National Variable Annuity Separate Account (Separate Account) and Securities Management and Research Inc for an order pursuant to Section 6(c) of the Investment Company Act The order would grant exemptions from the provisions of Sections 26(a)(2) and 27(c)(2) of the Act to the extent necessary to permit the deduction of a mortality and expense risk charge from the assets of the Separate Account (RelIC-19914 - December 1)

LINCOLN NATIONAL CONVERTIBLE SECURITIES FUND INC ET AL

A conditional order has been issued on an application filed by Lincoln National Convertible Securities Fund Inc et a1 under Sections 6(c) and 17(d) of the Investment Company Act and Rule 17d-l thereunder The order permits Lincoln National Convertible Securities Fund Inc and Lincoln National Income Fund Inc (Funds) to participate in certain joint transactions with each other and with certain affiliated persons of the Funds and the receipt of certain fees and expenses by the Funds investment adviser in connection with such transactions (Rel IC-19915 - December 1)

UNITED FINANCIAL GROUP INC

A conditional order has been issued on an application filed by United Financial GroupInc under Sections 6(c) and 6(e) of the Investment Company Act exempting applicantfrom all provisions of the Act subject to certain Sections until December 30 1994 The exemption continues an exemption originally granted until December 30 1990 and extended by amended orders until December 30 1991 December 30 1992 and December 30 1993 (Rel IC-19916 - December 1)

BOLDING CallPARY ACT IlKLEASES

NEW ENGLAND ENERGY INCORPORATED

A supplemental order has been issued authorizing New England Energy Incorporated a fuel supply subsidiary of New England Electric System a registered holding companyto extend its existing authority through December 31 1995 to enter into interest rate protection agreements in respect to up to $200 million in principal amount of its outstanding debt (Rel 35-25935)

2 NEWS DIGEST December 2 1993

SELF-REGULATORY ORGARIZATIONS

DELI STING GRANTED

An order has been issued granting the application of the New York Stock Exchange to strike from listing and registration Digital Communications Associates Inc Common Stock $10 Par Value (Rel 34-33264)

UNLISTED TRADING PRIVILEGES SOUGHT

Notices have been issued giving interested persons until December 22 to comment on the applications of four exchanges for unlisted trading privileges in issues which are listed and registered on one or more other national securities exchange and are reported in the consolidated transaction reporting system The exchanges and number of issues are Cincinnati Stock Exchange - 11 issues (Rel 34-33265) and 5 issues (Rel 34-33269) Philadelphia Stock Exchange - 7 issues (Rel 34-33266) Chicago Stock Exchange - 6 issues (Rel 34-33267) and Boston Stock Exchange - 5 issues (Rel 34-33268)

SIGNIFICANT NO-ACTION EDlIPlIVE AND DlTElPKETIVE IElrKRS

INTERPRETATION OF NEW RULES UNDER SECTION 16 OF THE EXCHANGE ACT

The Division of Corporation Finance has announced the publication of significant staff correspondence interpreting the new Section 16 rules Copies of the letter may be obtained by writing to or by making a request in person at the Public Reference Room Securities and Exchange Commission 450 5th Street NW bull Room 1024 Washington DC 20549 Each request must state the name of the subject company the Act and the Section of the Act to which it relates and the public availability date

Letter Availability SubjectDate

DQE Inc December 2 1993 Rule 16b-3(b)

Dresser Industries Inc December 2 1993 Rule 16b-3(d)(1)(ii)

NEWS DIGEST December 2 1993 3

SECURITIES ACT JlEGISTRATIOBS

REGISTRATIONS EFFECTIVE

NAME OF ISSUER

ACKERLEY COMMUNICATIONS INC ADVEST GROUP INC AIRSENSORS INC ALAMO TITLE HOLDING CO ALCO STANDARD CORP ALLEN ETHAN INTERIORS INC ALLEN ETHAN INTERIORS INC ALLEN ETHAN INTERIORS INC ALLEN ETHAN INTERIORS INC AMERICAN SOUTHWEST FINANCIAL SECURIIES ANCHOR GLASS CONTAINER CORP ARC INTERNATIONAL CORP ARM FINANCIAL GROUP INC ASK CROUP INC ASPEN KARINE GROUP INC ATHENA NEUROSCIENCES INCDEBALL CORP BASIN EXPLORATION INC BASIN EXPLORATION INC BELMAC CORP FLBERKSHIRE HATHAYAY INC DEBOLIVIAN POWER CO LTDDECABLE DESIGN TECHNOLOGIES CORP CAREMARK INTERNATIONAL INC CARNIVAL CRUISE LINES INC CAROLCO PICTURES INC CARR GOTTSTEIN FOODS CO CASTLE ENERGY CORP CENTER BANCORP INC CENTER BANCORP INC CLINTRIALS INC COASTAL HEALTHCARE GROUP INC COLUMBIA HEALTH CARE CORP CONTINUUM CO INC CRI LIQUIDATING REIT INC D M MANAGEMENT CO

FILE NO

33-70936 33-72042 33-72008 33-70084 33-51183 33-72054 33-72056 33-72058 33-72136

C33-69766 33-70704 33-72148 33-67268 33-72068 33-72140 33-71084 33-51121 33-7080 33-70802 33-69946 33-50989 33-69608 33-69992 33-71990 33-51195 33-72116 33-72184 33-69626 33-72176 33-72178 33-69586 33-70818 33-50985 33-70778 33-51654 33-72166

DISPOSITION DATE

112693112293112393112493112493112393112393112393112393112393112493112493112293112393112393112393112293112493112493112493112393112293112593112293112493112493112493112493112493112493112293112293112293112293112293112493



NAME OF ISSUER

DOVATRON INTERNATIONAL INC DUKE POWER CO INC EASTERN UTILITIES ASSOCIATES FF BANCORP INC FFW CORPMETZ RONALD J FIRST CASH INC FRENCH BANK OF THE RIO DE LA PLATA FRUIT OF THE LOOM INC DE GENERAL MEDICAL CORP VA GENESIS HEALTH VENTURES INC PA GEON CO GOE INC GRANCARE INC GRUPO TELEVISA S A DE CV HARRIS CORP DEHEALTHDYNE INC HERITAGE FINANCIAL SERVICES INC TNHlLUlAVEN CORP HUNTCO INC IBM CREDIT RECEIVABLES INC INTEL CORP INTEL CORP INTERMAGNETICS GENERAL CORP INTERNATIONAL STANDARDS GROUP LIMITED IPS HEALTH CARE INC LEASING SOLUTIONS INC LONDON amp OVERSEAS FREIGHTERS LTD MAGAININ PHARMACEUTICALS INC MATHSOFT INC MAXIM INTEGRATED PRODUCTS INC MCKESSON CORP DE MEMBERS SERVICE CORP MET COIL SYSTEMS CORP MOBILEMEDIA COMMUNICATIONS INC MUSICLAND STORES CORP NATHANS FAMOUS INC NBB BANCORP INC OLYMPIC FINANCIAL LTD ORCHARD SUPPLY HARDWARE STORES CORP PALL CORP POLAROID CORP PROGROUP INC PROPERTY TRUST OF AMERICA PROXIMA CORP

NEWS DIGEST December 2 1993

FILE NO

33-71138 33-50617 33-50099 33-69690 33-71994 33-70592 33-69960 33-50567 33-69874 33-70238 33-70998 33-68304 33-68980 33-69636 33-51171 33-72164 33-72070 33-50833 33-71426 33-69028 33-50971 33-50971 33-72160 33-72038 33-71992 33-72000 33-70158 33-71984 33-72162 33-72186 33-51135 33-72134 33-72138 33-68840 33-71174 33-72066 33-72036 33-69750 33-72146 33-51151 33-51173 33-72156 33-71288 33-72074

DISPOSITION DATE

112293112093112293112493112293112393112393112393112493112293112293112693112393112493112393112493112393112693112393112293112393112393112493112293112293112293112393112293112493112493112293112393112393112393112393112393112293112293112493112393112393112493112293112393

5


NAME OF ISSUER FILE NO

REGIS CORP 33-70142 RHONE POULENC S A 33-70968 ROSS SABA

SYSTEMS INCCAPETROLEUM CO

33-72168 33-71272

SAFEWAY INC 33-51119 SEMICON TOOLS INC NV SKY SCIENTIFIC INC

33-72064 33-72060

SOLA GROUP LTD 33-68824 SONOCO PRODUCTS CO 33-51137 SOUTHERN CALIFORNIA WATER CO 33-71738 SOUTHERN SOUTHERN SOUTHERN

NATIONAL NATIONAL SECURITY

CORP INC CORP INC LIFE INSURANCE CO

33-50693 33-50895 33-72174

SPECIALTY EQUIPMENTSTATORDYNE CORP

COMPANIES INC 33-68404 33-72132

SUDBURY INC 33-72234 SUN MICROSYSTEMS INC 33-51129 SUPERCUTS INC DESWEDISH EXPORT CREDIT TALBOTS INC

CORP SWED 33-71940 33-71664 33-72086

TCW DWTERM TRUST 2000 33-64472 THERMO ELECTRON CORP 33-51187 THERMO ELECTRON CORP 33-51189 TOSCO CORP 33-50935 TRUMPS CASTLE FUNDING INC 33-68038 TUBOSCOPE VETCO INTERNATIONAL CORP 33-72072 TUBOSCOPE VETCO INTERNATIONAL CORP 33-72150 UNION SWITCH amp SIGNAL INC 33-69226 UNITED ILLUMINATING CO 33-50445 UNITED PARCEL SERVICE OF AMERICA INC 33-51159 VALSPAR CORP 33-72238 WESTERN TRANSMEDIA CO INC 33-68884 WHEELING PITTSBURGH CORP 33-50709 WORK RECOVERY INC 33-72044 XSCRIBE CORP 3COH CORP

CA 33-72122 33-72158

DISPOSITION DATE

112393112493112493112293112293112393112393112393112293112493112393112393112493112393112393112493112293112393112493112393112293112493112493112293112293112393112493112393112693112393112493112393112393112293112493112493


RECENT 8K FILINGS

Form 8-K is used by companies to file current reports on the following events

Item l Changes in Control of RegistrantItem 2 Acquisition or Disposition of AssetsItem 3 Bankruptcy or ReceivershipItem 4 Changes in Registrants Certifying AccountantItem 5 Other Materially Important EventsItem 6 Resignations of Registrants DirectorsItem 7 Financial Statements and ExhibitsItem 8 Change in Fiscal Year

The companies listed below have filed 8-K reports for the date indicated andoramendments to 8-K reports previously filed responding to the item(s) of the formspecified Copies of the reports may be purchased from the Commissions PublicReference Room (when ordering please give the date of the report) An invoice willbe included with the requested material when mailed

STATE 11K ITEM 10

lAME Of I SSlER tmE 12345678 DATE IXMtENT

---------------------------------------- --------------- ---------------ABBEY HEALTHCARE GIKlF INCDE DE 10 ITEMS 111093

AFFILIATED FOCI) STalES IIIC TX 10 ITEMS 04219lMpound1ID

AIR JETHtI)S aJRP DE X 090893AJE1ID

AIR JETHtI)S aJRP DE x 091093

ALPINE GIKlF IIIC DEI DE X X 111093

AMCORE F1IW1CIAL IIIC NY X 111893 MER lAllA BAIIaJRP III X X 112293 NERI CAlI GENERAL aJRP ITII TX X 112993 NERI CAlI MEDCAKE aJRP DE 10 ITEMS 111593

MERICAII OIL amp GAS CllRP DEI DE X 112493

AMERICAN VANGUARD CllRP

AMERICAII YIRELESS SYSTEMS INC

DE 10 ITEMS

X X

112393 110493

AMOSICEAG co DE X 1112693 ANDREWS GR(uraquo INC DEI DE X X 112393

ARMCO INC Ott X 112193

AUTHEIITIC FITNESS aJRP DE X 10079lMpound1ID AUTO (WE F IIWICE aJRP DE 10 ITEMS 111593

BALCllR EQUITY PROPERTIES LTD X IL X x 11112193

BARTOlI INDUSTRIES IIIC CIC X 1111993

BEAR STEARNS MORTGAGE SEIlJRITIES IIIC DE X 11112193

BESlaJRP GIKlF lllC IIY X 112293

BESTYAY RENTAL IIiC DE X 09209lMpound1ID

BIOSPHERICS IIiC DC X 112293

BRYAN BAIICllRP Of GEORGIA IIiC GA X 112393 CCAIR IIIC DE X 111793 CHAMPIONS SPORTS INC DE X 111093

CHASE MANHATTAN CREDIT CARD MASTER TRUST DE 10 ITEMS 1111593

CHASE MANHATTAN CREDIT CARD MASTER TRUST DE 10 ITEMS 111593 CHASE MANHATTAN CRED IT CARD MASTER TRUST DE 10 ITEMS 111593

CHASE MANHATTAN CREDIT CARD TRUST 1990middotA DE X X 111593

CHASE MANHATTAN CREDIT CARD TRUST 1991middotA DE 10 ITEMS 111593

CHASE MANHATTAN GRANTOR TRUST 1993-A X X 111593

CHEMICAL BAIIICING aJRP DE X 111993


8K REPORTS CONT

STATE bull ITEM 10 UME Of ISSUER ClI)E 12345671 DATE CDIEIIT

---------------------------------------CHESHIRE FlIlAllCIAl aJRP II

---------------X X

---------------111593

CIRWIT SYSTEMS lit IL X X 11J2f93

COOED CXIIUII CATlOllS aJtP 1DIf euroXIIH5a) RECEIVABlES TRUST 1991-A DE

X X

X X 1112493 111293

aJl)l5a) RECEIVAILES TIUST 1992 A DE X X 111293 aJl)l5a) RECEIVABlES TIUST 1993-A X X 111293 CXMWm SEalllTY CXIIP aJtP U CllECIClit

If In

10 ITEMS X

111293 W3IJ93

COISlJIERS WATER CD IE X X 1118193 COITlIIEJITAl AIRLIIES lit DE X X 11J08193 COITlIEITAL IIFmMTlCII SYSTEMS aJIP If 10 ITEMS 11123193 COPLEYPIIARMACBJT leAL lit DE X X 111193 CPI CXIIP DE 10 ITEMS 1122193 OJ IWIaIlP CA X X 111093 QJLP lie It X 11Zl93 CYCARE SYSTEMS lit DE 10 ITEMS 1111093 CYPRUS III1IERAlS CD DE X X 111593 DISCOVER CARD TlUST 1990 bull DE X X 1115193 DISCOVER CARD TRUST 1990 C DE X X 1115193 DISCDIEl CARD TIUST 1990 D DE X X 1115193 DISCDIEl CARD TRUST 1991 A DE X X 111593 DISCOVER CARD TRUST 1991 bull DE X X 111593 DISCDIEl CARD TIUST 1991 C DE X X 111593 DISCOVER CARD TRUST 1991 D DE 10 ITEMS 1115193 DISCOVER CARD TRUST 1991 E DE X X 1115193 DISCOVER CARD TIUST 1991 F DE X X 1115193 DISCOVER CARD TRUST 1992 A DE X X 1115193 DISCOVER CARD TRUST 1992- DE X X 111593 DISCOVER RECEIVAILES FJIlAllCIIG lit DE 10 ITEMS 111593 DISCOVER RECEIVABlES FJIlAllCIIG lit DE 10 ITEMS 1122193 DISCOVERY ZtIIE lit DE X x 1018193 DLJ IDlTGAGE ACCEPTAICE aJIP DE 10 ITEMS 111293 EIIIWlCED ELECTRCIIICS aJtP TX X X 11123193 EIIROTEICPRClPERTiES lit IV X lBJ05m EIISERCH aJRP FAIR GRCIJI)S aJtP

TX LA

X X

111793 100693

FARMSTEADTELEPIIOIIE lit FBS IDlTGAGE CQIP _ PA T CElT SERIES

DE

IV

10 ITEMS 10 ITEMS

1122193 1118193

FBS IDlTGAGE aJtP _TGAGE PASS T CElT IV 10 ITEMS 1118193 FBS IDlTGAGE aJtP _TGAGE PASS T CElT IV 10 ITEMS 1118193 FBS IIORTGAGEaJRP IIORTGAGEPASS T CElT FEDERAl AGRIaJTUIAl IIORTGAGEaIIP FERROFWIDICS aIIP FFV aJRPllETZ ICIWD

IV

1M

DE

10 ITEMS X X

X X

10 ITEMS

118193 12393 12493 11105193

F IBREBOIUID aJIP X X 1117193 FIRST MERICAII FlIlAllCIAL aJIP FIRST CAPITAl IIOLDIIGS aIIP FIRST FlIlAllCIAl SllARES lit FIRST IATlCAL OF IlElRASICA lit FPL GIKlI CAPITAl lit FURRS BISHCPS lit

CA IV DE

IE FL DE

x X x

10 ITEMS X X

X X

1104193

18193 22193 029193 12493 1115193

FUTURE lUI lit CII 10 ITEMS r19JfWm

REVS DIGEST December 2 1993 8

REPORTS CONT

STATE 11K ITEM 110 INE OF ISSUER aJ)E 12345678 DATE aJlElT

--------------------------------------- -------------- ---------------G I HOLDIIGS lie DE X 111593 GAlTOS lie MI 110 ITEMS 111293 GAP IIiSTIUEIIT aJRP IY X 111293 GENESIS HEALTH VElTlIlES INC PA PA X X 0919193ME1I) GiBRAlTAR FlIWICIAL aJRP DE X X X 110993 IiO(I)YS FNilIL Y aOTHIIICi INC TI TI X 11Z293 QJAIWITEED EXPOrT TRUST 1993-E X X X 111093 QJAIWITEED EXPOrT TRUST 1993- F X X X 111093 HALSTEAD EllERGY aJRP IV X X X 080593 HAT 8RA11)S INC VA 10 ITEMS 111293 HEALTIICARE IITERIIATIONAL INC TX X X 111093 HEAlTII)YIE TECHIOLOGIES INC lOA X X 112493

IIQG DIGITAL TECHIOLOGIES aJRP DE X 092093ME1I) IDE STATE IIllDIIGS INC DE 110 ITEMS 111293 INC FERTILIZER GRClJP INC DE X 1113093 IIIDEPEIIDEICE BAIIaJtP INC PAl PA X X 111993

IIIDEPEIDEIT TELElEDIA GRClJP INC CO X X 1108193 IILAID CAPITAL flII) L P DE 110 ITEMS 1110993

IITELOGIC TRACE INC IY 10 ITEMS 112493

IITERPROVIIeIAL PIPE LINE INC X 111993

ISIWICO lie DE X X 1110193 IV VEITlIlES LTD DE 10 ITEMS 111293 JNESWAY aJRP IT X X 111193 JONES APPAREL GRClJP INC PA 10 ITEMS 111193

ICAllICAlCEEBAJiaJRP IIC DE X X 11122193

KEITH GRWP OF aJtPAilIES IIC DE X 111193

KEIWII SIKPS IIC IT X 1111593

KETTERIIG IIDUSTRIES INC DE 10 ITEMS 103193

nLM TRAIISPORT SERVICES INC DE X 101493 LA GEAR IIC CA X X 11l2193

LAKE SHORE BAIIaJRP INC DE X X 11l2193

LDDS ~ICATIOIS INC GAI lOA X 091593ME1I) LIBERTY BAIICSIIARES 11e1T1 TI X X 112393

LOTTEItY ENTERPRISES INC X X 111793

MARBLE FlIAICIAL aJRP VT X X 11l2I93

MATTEL IIiC DE DE X X 1113093

MAXIIt HEAlTN aJRP DE 10 ITEMS 111593

MERCER IIiTERNATlONAL INC WA X 092993ME1I) MILLIPORE aJRP MA X 111193

MLL EWIPMEIT IIVESTmtS I IY X X 1108193

MLL EWIPMEIT IIVESTORS II IT X X 1110893

MOIIEYSTORE X 1111593

MOIEY STORE INC lJ IJ X 111593 MOtlEY STORE IIC TICS EWITY Log ASS lAIC IJ X 013193

MOIIEYSTORE INC TICS EWITY Log ASS lAIC IJ X 1111593

MOIEY STORE INC TICS IDE Ea LO AS IIADCED IJ X 1111593

MOIIEYSTORE INC T1tS IDE Ea Log ASSET 8 ILl X 111593

MOtlEY STORE lit T1tS IDE Ea Log ASSET 8 IJ X 1111593

MOtlEY STORE IIVESllElT CORP X 111593

MOIIEYSTORE OF lEW YORICINC IY X 1111593

IIATIOIIAL IlIaJME REALTY TRUST CA X 111093

lEW ULM TELEaJiI lie MI 10 ITEMS 110893

lEW DlLD POoER CORPORATION DE X 111093

IEWS DIGEST December 2 1993 9

8K REb-hI -ONT

STATE 81( ITER 10 iAkL Of ISSUER aJ)f 12345678 DATE CDIEIIT

~-------------------------------------- --------------- ---------------01pound CAllCELLATUIi TECIIMOlOGIES lit DE X X 111Z2m _gt41 STAR HEALTil SERVICES lit 10 ITEMS 1102J93

liS GRWP lit ICY X X 10J06l9J

IIOClEAR SlJPP(IlT SERVICES lie VA X 1118193

osee IDE EO-Jln LOM TIUST 1992-1 DE X X 111Z2m osec IDE EO-Jln LOM TIUST 1992-2 DE X X 112293

usee IDE EO-Jln UMII TRUST 1992-3 DE X X 112293 oscc IDE EQlJln LQAII TIUST 1992-4 DE X X 111Z2m OlCfOfW ENERGY CO DE 10 ITBIS 100793

PEOPLES CHOICE TV aJtP X X 111193

PEOPLES TELEPIDIE CDFAIIY lie FL X X 1108193

PElT I BOlE CORP DE X 112293

PHILIP IUUtIS CDFAlIES lie VA X 112493

Pi I CE T IdE REllAISSAIICE RJI) LTD II) X X 1108193

PROPERTY TRUST OF NElICA II) X X 111Z2m PSI ENERGY lie II X 11J30J93AIEII) PSI RESWRCES lie II X 11J30J93AIEII) PUlSE 8AIIaIlP lie ILl X X 112393

IlIJESTEX GRClJraquo LTD CO X 110993 RAGEII CORP ILl X X 110593

REGEIICYAFFILIATES lie DE X 10J18193ME11raquo REIITRAK CORP ell X X 111793

RESOLUTUII TRUST CORP 10 ITEMS 112693 RESOLUT1(11 TRUST aJtP CDt IIIlT PASS T 10 ITEMS 112693 IlESOLUT1(11 TRUST CORP CDM IIIlT PASS T 10 ITEMS 112693 itESOLUTUIi TRUST aJtP CDM IIIlT PASS T 10 ITEMS 112693 RICHTOII IIiTERllATIOIAL CORP DE X X 1012793 ROCHEMElVIROIEIITAL lie UT 10 ITEMS 111993 SAGE ALERTlIG SYSTEMS lie DE X X l1JZJ93 SCI TElEVlSIOII lie DE 10 ITEMS 11JZJ93 SCOTT PAPER CO PA X 112993 SKY SCIENTIFIC lie CA X 1118193 SKY SCIEIITIFIC lie CA X X 112493 SL IIIXJSTRIES lie ILl X 1118193 SWTM AlABAMA BAICOIIPORATICII lie DE X rJ9J30J9J SWTIlERI CRESCEIT F1I1A1CIAL CORP IiA 10 ITEMS 111293 SPARTAI STORES lit s T JOSEPH LI GHT amp PCIEt CO

III lID

X X

X X 110BI93

112293 STERLING RESWRCES CORP UT X X 11J1293 STRATEGIC DISTRIIUTICII lie DE X X 111193 STRIKER IIIXJSTRIES lie DE X X 11J15J93A1E11) STUARTS DEPARTIEIT STORES lie DE X X 1119J9J SUPERI ell BAIIICFS8 X X 111Z2m SURVIVAl TECHIIOLOGYlie DE X X 110493 SVNTKETIC UIXJSTRIES LP

TAJlDY RECEIVABLES aJtP lECHIOlOGY 80 lie

DE DE X

10 ITEMS

X

112393

111593

101493 IEXAS UTILITIES CO TX X 112493 lEXAS UTILITIES ELECTRIC CO IGX CORP

TX DE

X X X

110393 102693

~lAII WEEL IIITERIIATIOIAL lie IL X X X 11J12J93 ) I4P lAND MORTGAGERJI) LTD CA X X 10J1293

10 HEWS DIGEST December 2 1993

8K REPORTS CONT

STATE IIIC I TEll 10 lINE Of I SSlER cmE 12345678 DATE aJlMEliT

----------------------------------------TMS IDlE EQUITY TRUST 1992-C 11I

-------------_ X

---------------111593

TOWEJtPROPERTIES CO 1m X 093093MEII) TRAIISMERICA OCCIDEllTAL LIfE IUlIWICE C CA X X 111593 TRAIISYltLD TELEaJIUIlCATUl1S INC PA X X 101zm lIIAPlX EIITERTAUIEIIT INC DE X X 111993 1111(11 BAllKSllARESLTD DE X 111793 lIIITED AIR LIlIES INC DE X 1210193 lIIITED UlaIE INC alITROIIIX CXIRP

011 111

10 ITEIIS X

0611692 10278

1II1VERSAL SERVICES GROJP INC DEI DE 10 ITEIIS 101593 VADERGROJP INC wsr SlIIIIRBAII IIAIICDtP INC

lIT

IL X

X

X 59311122J9l

IIFS REPlIILI C INC CA X X 112393 llEATLEY TXT CDtP DE X 111993 WllEELlIIG PITTSIlItGII CXIRP DE X X 111993 WISCOIISIII SCUTIIERIIGAS CO INC WLE LABORATORIES YCUIICERS IJDEI YUBAwsrGOLD lilt

WI CA DE

DE

10 10 10

X ITEIIS ITEIIS ITEIIS

X 248

81931111793

693


SEC PUBLIC IRPORHATIOR RUKBRS

Hembers of the public sbullbullking information andor trial froa the Commission continue to complin of bing incorrctly rfrrd to the wrongtelephone number by Commission stff Th following information is furnished to ssist you in dirctly clling the pproprite offic

Consumr 4ffirs (202-272-7440 or for TTY cll 202-272-7431) Investor inquiris nd complint processing information

Freedom of Information Brnch (202-272-7420) aequests concerning lOlA Privcy Act Sunshine Act confidntial trat bullbullnt mattrs tc

PrsOMl Loctor (202-272-2550) qusts for nams and phon nuabers of Commission prsonnl

Public 4ffirs (202-272-2650) Information bout mattrs in the SEC Rbullbull s Dlg bullbullt the Commision oprtions bullbull nd cll from the pr bullbull s not dirctd to particulr individuals bullbull nd othr rltd mattrs

Public afrnc (202-272-7450 or for TTY call 202-272-7459) aquestsfor information on whthr or not bull documnt has been fild bullbull tc

Publictionbull Unit (202-272-74607461) aquet for forms studisdirctoris atc

Offic of the Scrtaxx (202-272-2600) aqust for inforaation on the Commision calndar

SEC Information Lin (202-272-31005624) Gnral Information about SEC opertions nd ctivities through bullbull eri bullbull of rcorded bullbullbullbullbull gbullbull

12 NEWS DIGEST Dcember 2 1993

IRVESTHElrl CallPARY ACT IlKLEASES

AMERICAN NATIONAL INSURANCE COMPANY ET AL

A notice has been issued giving interested persons until December 27 to request a hearing on an application filed by American National Insurance Company American National Variable Annuity Separate Account (Separate Account) and Securities Management and Research Inc for an order pursuant to Section 6(c) of the Investment Company Act The order would grant exemptions from the provisions of Sections 26(a)(2) and 27(c)(2) of the Act to the extent necessary to permit the deduction of a mortality and expense risk charge from the assets of the Separate Account (RelIC-19914 - December 1)

LINCOLN NATIONAL CONVERTIBLE SECURITIES FUND INC ET AL

A conditional order has been issued on an application filed by Lincoln National Convertible Securities Fund Inc et a1 under Sections 6(c) and 17(d) of the Investment Company Act and Rule 17d-l thereunder The order permits Lincoln National Convertible Securities Fund Inc and Lincoln National Income Fund Inc (Funds) to participate in certain joint transactions with each other and with certain affiliated persons of the Funds and the receipt of certain fees and expenses by the Funds investment adviser in connection with such transactions (Rel IC-19915 - December 1)

UNITED FINANCIAL GROUP INC

A conditional order has been issued on an application filed by United Financial GroupInc under Sections 6(c) and 6(e) of the Investment Company Act exempting applicantfrom all provisions of the Act subject to certain Sections until December 30 1994 The exemption continues an exemption originally granted until December 30 1990 and extended by amended orders until December 30 1991 December 30 1992 and December 30 1993 (Rel IC-19916 - December 1)

BOLDING CallPARY ACT IlKLEASES

NEW ENGLAND ENERGY INCORPORATED

A supplemental order has been issued authorizing New England Energy Incorporated a fuel supply subsidiary of New England Electric System a registered holding companyto extend its existing authority through December 31 1995 to enter into interest rate protection agreements in respect to up to $200 million in principal amount of its outstanding debt (Rel 35-25935)



DELI STING GRANTED













NAME OF ISSUER


FILE NO

33-70936 33-72042 33-72008 33-70084 33-51183 33-72054 33-72056 33-72058 33-72136

C33-69766 33-70704 33-72148 33-67268 33-72068 33-72140 33-71084 33-51121 33-7080 33-70802 33-69946 33-50989 33-69608 33-69992 33-71990 33-51195 33-72116 33-72184 33-69626 33-72176 33-72178 33-69586 33-70818 33-50985 33-70778 33-51654 33-72166

DISPOSITION DATE

112693112293112393112493112493112393112393112393112393112393112493112493112293112393112393112393112293112493112493112493112393112293112593112293112493112493112493112493112493112493112293112293112293112293112293112493



NAME OF ISSUER



FILE NO

33-71138 33-50617 33-50099 33-69690 33-71994 33-70592 33-69960 33-50567 33-69874 33-70238 33-70998 33-68304 33-68980 33-69636 33-51171 33-72164 33-72070 33-50833 33-71426 33-69028 33-50971 33-50971 33-72160 33-72038 33-71992 33-72000 33-70158 33-71984 33-72162 33-72186 33-51135 33-72134 33-72138 33-68840 33-71174 33-72066 33-72036 33-69750 33-72146 33-51151 33-51173 33-72156 33-71288 33-72074

DISPOSITION DATE

112293112093112293112493112293112393112393112393112493112293112293112693112393112493112393112493112393112693112393112293112393112393112493112293112293112293112393112293112493112493112293112393112393112393112393112393112293112293112493112393112393112493112293112393

5





33-72168 33-71272


33-72064 33-72060




33-50693 33-50895 33-72174


COMPANIES INC 33-68404 33-72132


CORP SWED 33-71940 33-71664 33-72086


CA 33-72122 33-72158

DISPOSITION DATE

112393112493112493112293112293112393112393112393112293112493112393112393112493112393112393112493112293112393112493112393112293112493112493112293112293112393112493112393112693112393112493112393112393112293112493112493


RECENT 8K FILINGS




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DELI STING GRANTED













NAME OF ISSUER


FILE NO

33-70936 33-72042 33-72008 33-70084 33-51183 33-72054 33-72056 33-72058 33-72136

C33-69766 33-70704 33-72148 33-67268 33-72068 33-72140 33-71084 33-51121 33-7080 33-70802 33-69946 33-50989 33-69608 33-69992 33-71990 33-51195 33-72116 33-72184 33-69626 33-72176 33-72178 33-69586 33-70818 33-50985 33-70778 33-51654 33-72166

DISPOSITION DATE

112693112293112393112493112493112393112393112393112393112393112493112493112293112393112393112393112293112493112493112493112393112293112593112293112493112493112493112493112493112493112293112293112293112293112293112493



NAME OF ISSUER



FILE NO

33-71138 33-50617 33-50099 33-69690 33-71994 33-70592 33-69960 33-50567 33-69874 33-70238 33-70998 33-68304 33-68980 33-69636 33-51171 33-72164 33-72070 33-50833 33-71426 33-69028 33-50971 33-50971 33-72160 33-72038 33-71992 33-72000 33-70158 33-71984 33-72162 33-72186 33-51135 33-72134 33-72138 33-68840 33-71174 33-72066 33-72036 33-69750 33-72146 33-51151 33-51173 33-72156 33-71288 33-72074

DISPOSITION DATE

112293112093112293112493112293112393112393112393112493112293112293112693112393112493112393112493112393112693112393112293112393112393112493112293112293112293112393112293112493112493112293112393112393112393112393112393112293112293112493112393112393112493112293112393

5





33-72168 33-71272


33-72064 33-72060




33-50693 33-50895 33-72174


COMPANIES INC 33-68404 33-72132


CORP SWED 33-71940 33-71664 33-72086


CA 33-72122 33-72158

DISPOSITION DATE

112393112493112493112293112293112393112393112393112293112493112393112393112493112393112393112493112293112393112493112393112293112493112493112293112293112393112493112393112693112393112493112393112393112293112493112493


RECENT 8K FILINGS




STATE 11K ITEM 10











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X X

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---------------111593



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10 ITEMS X

111293 W3IJ93


TX LA

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lIT

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X 248

81931111793

693















NAME OF ISSUER


FILE NO

33-70936 33-72042 33-72008 33-70084 33-51183 33-72054 33-72056 33-72058 33-72136

C33-69766 33-70704 33-72148 33-67268 33-72068 33-72140 33-71084 33-51121 33-7080 33-70802 33-69946 33-50989 33-69608 33-69992 33-71990 33-51195 33-72116 33-72184 33-69626 33-72176 33-72178 33-69586 33-70818 33-50985 33-70778 33-51654 33-72166

DISPOSITION DATE

112693112293112393112493112493112393112393112393112393112393112493112493112293112393112393112393112293112493112493112493112393112293112593112293112493112493112493112493112493112493112293112293112293112293112293112493



NAME OF ISSUER



FILE NO

33-71138 33-50617 33-50099 33-69690 33-71994 33-70592 33-69960 33-50567 33-69874 33-70238 33-70998 33-68304 33-68980 33-69636 33-51171 33-72164 33-72070 33-50833 33-71426 33-69028 33-50971 33-50971 33-72160 33-72038 33-71992 33-72000 33-70158 33-71984 33-72162 33-72186 33-51135 33-72134 33-72138 33-68840 33-71174 33-72066 33-72036 33-69750 33-72146 33-51151 33-51173 33-72156 33-71288 33-72074

DISPOSITION DATE

112293112093112293112493112293112393112393112393112493112293112293112693112393112493112393112493112393112693112393112293112393112393112493112293112293112293112393112293112493112493112293112393112393112393112393112393112293112293112493112393112393112493112293112393

5





33-72168 33-71272


33-72064 33-72060




33-50693 33-50895 33-72174


COMPANIES INC 33-68404 33-72132


CORP SWED 33-71940 33-71664 33-72086


CA 33-72122 33-72158

DISPOSITION DATE

112393112493112493112293112293112393112393112393112293112493112393112393112493112393112393112493112293112393112493112393112293112493112493112293112293112393112493112393112693112393112493112393112393112293112493112493


RECENT 8K FILINGS




STATE 11K ITEM 10











DE 10 ITEMS

X X

112393 110493


















8K REPORTS CONT



---------------X X

---------------111593



X X

X X 1112493 111293


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10 ITEMS X

111293 W3IJ93


TX LA

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111793 100693


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1122193 1118193


IV

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10 ITEMS

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1104193

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0611692 10278


lIT

IL X

X

X 59311122J9l


WI CA DE

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10 10 10


X 248

81931111793

693














NAME OF ISSUER



FILE NO

33-71138 33-50617 33-50099 33-69690 33-71994 33-70592 33-69960 33-50567 33-69874 33-70238 33-70998 33-68304 33-68980 33-69636 33-51171 33-72164 33-72070 33-50833 33-71426 33-69028 33-50971 33-50971 33-72160 33-72038 33-71992 33-72000 33-70158 33-71984 33-72162 33-72186 33-51135 33-72134 33-72138 33-68840 33-71174 33-72066 33-72036 33-69750 33-72146 33-51151 33-51173 33-72156 33-71288 33-72074

DISPOSITION DATE

112293112093112293112493112293112393112393112393112493112293112293112693112393112493112393112493112393112693112393112293112393112393112493112293112293112293112393112293112493112493112293112393112393112393112393112393112293112293112493112393112393112493112293112393

5





33-72168 33-71272


33-72064 33-72060




33-50693 33-50895 33-72174


COMPANIES INC 33-68404 33-72132


CORP SWED 33-71940 33-71664 33-72086


CA 33-72122 33-72158

DISPOSITION DATE

112393112493112493112293112293112393112393112393112293112493112393112393112493112393112393112493112293112393112493112393112293112493112493112293112293112393112493112393112693112393112493112393112393112293112493112493


RECENT 8K FILINGS




STATE 11K ITEM 10











DE 10 ITEMS

X X

112393 110493


















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---------------X X

---------------111593



X X

X X 1112493 111293


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10 ITEMS X

111293 W3IJ93


TX LA

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111793 100693


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1122193 1118193


IV

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10 ITEMS X X

X X

10 ITEMS

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10 ITEMS X X

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1104193

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III lID

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110393 102693



8K REPORTS CONT



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---------------111593


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0611692 10278


lIT

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X

X 59311122J9l


WI CA DE

DE

10 10 10


X 248

81931111793

693

















33-72168 33-71272


33-72064 33-72060




33-50693 33-50895 33-72174


COMPANIES INC 33-68404 33-72132


CORP SWED 33-71940 33-71664 33-72086


CA 33-72122 33-72158

DISPOSITION DATE

112393112493112493112293112293112393112393112393112293112493112393112393112493112393112393112493112293112393112493112393112293112493112493112293112293112393112493112393112693112393112493112393112393112293112493112493


RECENT 8K FILINGS




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111793 100693


DE

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1122193 1118193


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10 ITEMS X X

X X

10 ITEMS

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RECENT 8K FILINGS




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sec news digest, 12-02-1993 · adjudication against all the defendants and all the relief it sought...

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