SEC NEWS DIGEST

2000 Issue 2000-173 September

COMMISSION ANNOUNCEMENTS

PERIOD FOR ABROGATION OF CBOE FILING EXPIRES

announced that it would take no action to abrogate On September the Commission the Board Options Exchange proposed fee rule submitted this past July by Chicago fees from market makers and CBOE Under the rule the CBOE collects specialists transmits the collected based on transactions occurring on the floor Then the CBOE the funds to make marketing including funds to its specialists who use payments Since the the American Stock Exchange payments to attract order flow CBOE filing submitted similar rule changes and and the Philadelphia Stock Exchange have proposed Stock will do so shortly the Commission expects that the Pacific Exchange

effective Under Section 19b3 of the Securities Exchange Act of 1934 fee filings are Commission The Commission however retains immediately upon filing with the the and the SRO to re-file for discretionary right for 60 days to abrogate filing require Because no action has been taken the proposed approval before the fee can be charged CBOErule will remain in effect as filed

for The Commission typically does not comment when the period abrogation expires the however the Commission Considering the current public debate over CBOEs rule to believes it would be useful to the public do so

been to the Commission are The core objections to the CBOE rule that have expressed funded SRO-mandated fees is more that payment for order flow that is through order flow the problematic than other currently existing payment arrangements market makers that will raise their cost of doing proposed fees amount to tax on and business and limit or eliminate their ability to improve existing quotes force markets to follow suit leading implementation of the CBOE rule would remaining resulting in increased to proliferation of payment for order flow arrangements possibly have the Commission to abrogate the spreads in all markets As such pponents urged

proposed rule

would the interest The Commission does not believe abrogation of the rule serve public interfere with one markets to In short abrogation of the CBOEs rule would response the dynamic order flow patterns without addressing other forms of payment for order

flow and internalization in the options markets

Under current circumstances direct limitations on any one or even all forms of

payment for order flow would most likely not address the Commissions continuing

concerns with internalization in the options markets Experience with these practices in

the equities markets has made clear that numerous and various forms of reciprocal and other arrangements have developed Restrictions on one practice may simply lead to the

growth of other less transparent forms Greater public disclosure of brokers order

routing decisions -- including description of payment for order flow and internalization

arrangements between brokers and market centers -- in conjunction with decimal pricing

have the potential to fuel greater price competition in the equities and options markets

Greater scrutiny of brokers best execution will help ensure that the benefits of this

competition are garnered by investors

The Commissions Office of Economic Analysis together with the Office of

Compliance Inspections and Examinations is currently conducting comprehensive

study of the development of payment for order flow and internalization in the options

markets and any changes in market quality since multiple listings The study will assist

the Commission in determining whether regulatory action is needed to strengthen price

competition and order interaction in the options markets The study will be completed

and made public this November

Background

U.S options markets are in the midst of profound and dynamic structural change Well-

funded new market entrants are committing enormous capital to secure footholds in the

options industry of the future Established institutions are forming alliances aimed at

preserving or enhancing their competitive positions

More and more of the specialist firms are maintaining presence on most or all options

exchanges each striving to become one-stop destinations for order flow providers

Trends toward consolidation and continued competition between specialist firms and

options exchanges for brand name recognition will most likely remain strong Heightened competition among markets and market participants for order flow and the

shifting order flow patterns it produces shows no signs of abating Payment for order

flow in the options markets has emerged as feature of this multi-faceted competition

for market share

While these developments continue to unfold options exchanges are formulating responses based on their particular market characteristics Among other things the

CBOEs approach is an outgrowth of its strategic commitment to sustaining multiple

market makers in its trading pits

In particular the CBOEhas imposed relatively restrictive percentage limitations on its

specialists which cap the specialists share of order flow One effect of these limitations

NEWS DIGEST September 2000 have smaller of funds relative to their competitors on is that CBOE specialists pooi for order flow As such the CBOE perceives other exchanges available for payment of the crowd in order to create competitive pool competitive need to tap the resources

is an effort to create such pool for payments The CBOEs proposal

of the CBOEs rule could Given this context the delay resulting from abrogation the Indeed with interfere substantially with market forces shaping options industry and as we see today delaying the order flow patterns shifting as rapidly dynamically the risk of market share or losses attributable CBOEs rule implementation raises gains

Commission is committed to avoiding Press Re to regulatory timing result the 2000-125

DATE OF CHAIRMAN LEVITTS TESTIMONY CHANGED

of 19 before the Senate Chairman Levitts previously announced testimony September been to 930 a.m on Securities Subcommittee on auditor independence has postponed 538 of the Dirksen Senate Office Building Thursday September 28 in Room

ENFORCEMENT PROCEEDINGS

COMMISSION SUSTAINS NASD ACTION AGAINST MICHAEL MARKOWSKI AND JOSEPH RICCIO

sustained National Association of Securities Dealers Inc On September the Commission Michael Markowski of Miami Beach Florida and Joseph NASD disciplinary action against and Riccio of Palm Harbor Florida Markowski was chairman chief executive officer former NASD member firm located in New majority shareholder of Global America Inc censured Markowski and Riccio and barred York City Riccio was the firms trader The NASD member In addition it fined them in all capacities from association with any NASD Markowski $300000 and Riccio $250000

1990 to The Commission found that during the period June January 1991 respondents In 1990 Global manipulated the market for the securities of Mountaintop Corporation Global dominated and underwrote an initial public offering of the securities Thereafter levels for Mountaintop controlled the Mountaintop market Respondents maintained high price unwanted securities into inventory that did not reflect genuine demand and they absorbed all market In addition respondents published non thereby preventing sales from depressing prices

bona fide bids for Mountaintop

between the The Commission also found that Markowski violated restriction agreement and that Markowski NASD and Global that limited the size of the firms inventory positions interview at the time he was requested improperly refused to submit to an NASD investigative the the Commission emphasized the to do so In sustaining the sanctions assessed by NASD

misconduct It also noted that this is the second time extremely serious nature of respondents

NEWS DIGEST September 2000 that Markowski has been disciplined for refusing to cooperate with an NASD investigation Rel 34-43259 File No 3-967

CEASE-AND-DESIST PROCEEDINGS SETTLED AGAINST ROLAND ACEVEDO

On September the Commission entered an Order requiring Roland Acevedo to cease and

desist from committing or causing any violations and any future violations of the antifraud provisions of the federal securities laws barring Acevedo from participation in penny stock

offerings and ordering Acevedo to pay $243.75 in disgorgement plus prejudgment interest

In his Offer of Settlement Acevedo without admitting or denying the findings consents to the issuance of an Order by the Commission which finds that on or about December 11

1995 Acevedo directly or indirectly paid or caused to be paid $1200 to broker-

dealer which was undisclosed compensation for previous purchase of 3000 shares of

LBU Inc f/k/a New Century Media Ltd at approximately $1 .625 per share by the broker-dealer Rels 33-7888 34-43261 File No 3-9158

SANCTIONS CEASE-AND-DESIST ORDER AND CIVIL PENALTY IMPOSED ON PHILIP LEHMAN AND TOWER EQUITIES INC

On September the Commission entered cease-and-desist Order and an Order making

findings and imposing remedial sanctions against Philip Lehman of Clayton Ohio

and Tower Equities Inc broker-dealer and investment adviser owned by Lehman and

based in Dayton Ohio The Order finds that from February 1997 through December

1998 Tower Equities and Lehman misrepresented facts while offering and selling over

$10 million worth of investment contracts in Tower Venture 97-A Ltd Lifetime Assets LLC Baylor/Gavic LLC and Wellington LLC According to the Order the

Respondents represented that Tower Venture would use investors funds to make one

time $10 million payment to Credit Austerlitz Finances Ltd European entity in

exchange for $30 million loan The investors would not have to make any further payments on the loan This loan transaction could not and did not exist The

Respondents also represented that Tower Venture would enter into loan transaction

with European entity that would ultimately provide investors with returns as high as 33

percent annually and that Lifetime Baylor and Wellington would enter into transactions

with unidentified overseas entities which would result in return to investors of as much

as 100 percent in 25 days The Respondents did not have any reasonable basis for these

representations

The Commission suspended Lehman for nine months from association with broker

dealer investment adviser and investment company censured Tower Equities ordered

both respondents to cease and desist from further violations and imposed $10000 civil

penalty against Lehman Rels 33-7889 34-43262 IA-1896 IC-24636 File No 3- 10024

NEWS DIGEST September 2000 SALEM SETTLE DAVID HALL WILLIAM HALL WILLIAM HALL AND ALAN CIVIL CASE FILED BY SEC

Hall The Commission announced today that David Hall William Hall William

insider in the securities of Norand and Alan Salem agreed to settle charges alleging trading Commission filed in the United Corporation On December 22 1998 the complaint that Robert an States District Court for the Central District of alleging Neprud

confidential client information assistant controller at Western Atlas Inc misappropriated Western Atlass tender offer for Norand priorto by tipping David Hall about upcoming also that David the official announcement on January 22 1997 The complaint alleged and Hall knew that Neprud was an executive at Western Atlas the acquiring company duties he owed to Norand The complaint alleges knew that Nepruds disclosure violated in The that David Hall purchased Norand stock and made $48000 profits complaint his Thomas further alleges that David Hall tipped his father his brother cousin Wagner Hall shared and Wagners fatherin-law Alan Salem On January 13 or 14 1997 David neither of whom with both his father William Hall and his brother William Hall

had ever bought stock before the information he learned from Neprud

William Hall made total of According to the complaint William Hall and profits in The $173283 and $15259 respectively and Wagner made $7937 trading profits Norand and Western Atlas securities complaint also alleged that Alan Salem purchased individuals to for total of making $77875 in profits and caused four other trade profits approximately $249000

to David Hall consented without admitting or denying the Commissions allegations him from violating final judgment entered on February 12000 permanently enjoining Rules lOb-S and 14e-3 Sections 10b and 14e of the Securities Exchange Act of 1934 and interest of thereunder and ordering Hall to pay disgorgement and prejudgment $60000

final Salem consented without admitting or denying the Commissions allegations to him from violating Sections judgment entered on June 2000 permanently enjoining him 10b and 14e of the Exchange Act and Rules lOb-S and 14e-3 thereunder ordering and him to to pay $191914.42 in disgorgement and prejudgment interest ordering pay Act $121525 civil penalty pursuant to Section 21A of the Exchange

William Hall consented without admitting or denying the Commissions allegations to him from violating final judgment entered on August 25 2000 permanently enjoining and 14e-3 thereunder and Sections 10b and 14e of the Exchange Act and Rules lOb-5 in and interest with additional ordering him to pay $30000 disgorgement prejudgment based his to amounts in disgorgement and penalty not assessed on inability pay

to William Hall consented without admitting or denying the Commissions allegations him from violating final judgment entered on July 2000 permanently enjoining 14e-3 thereunder and Sections 10b and 14e of the Exchange Act and Rules lOb-S and and interest with ordering him to pay $19528.39 in disgorgement prejudgment based his to additional amounts in disgorgement and penalty not assessed on inability pay

NEWS DIGEST September 2000 In addition on March 16 2000 the Court granted the Commissions motion to withdraw

without prejudice its action against Thomas Wagner On December 22 1998 without simultaneous with the filing of the Commissions complaint Neprud consented

admitting or denying the Commissions allegations to final judgment permanently

enjoining him from violating Sections 10b and 14e of the Exchange Act and ordering See also LR-16009 and LR-16105 David him to pay $60000 civil penalty Hall et aL Civil Action No 98-10325AAH C.D.Cal filed December 22 1998 LR 16691

ORDER ISSUED IN CIVIL CASE AGAINST ROBERT SUTTON

The Securities and Exchange Commission announced today that on May 18 2000 the

United States District Court for the Northern District of Illinois ordered the entry of

permanent injunction against Robert Sutton thus settling the Commissions securities

fraud action against Sutton

Without admitting or denying the Commissions allegations Sutton consented to the of entry of the judgment which permanently enjoins him from violating Section 10b the Securities Exchange Act of 1934 and Rule Ob-5 promulgated thereunder Sutton

that Sutton violated Section of the also consented to the entry of the judgment 3b5 Exchange Act and Rule 13b2-1 promulgated thereunder by circumventing internal

accounting controls and falsifying books records and accounts Sutton was ordered to

pay civil money penalty of $15000

The complaint alleged that Sutton at the time plant controller for unit of Material Sciences Corporation MSC Delaware corporation based in Elk Grove Village Illinois violated the federal securities laws by making false entries in the companys

inventory and accounts payable records The complaint alleges that as result of

Suttons false entries MSC overstated by 29% the net earnings disclosed in its financial

statements for the fiscal year ended February 29 1996 The complaint also alleges that the false entries caused MSC to overstate the net earnings disclosed on MSCs Forms

1O-Q during fiscal years 1996 and 1997 by amounts ranging between 6.27% and more than 300%

According to the complaint between March 1995 and February 28 1997 Sutton

these values into intentionally fabricated the inventory work in process and entered the

general ledger of MSCs Laminates and Composites unit According to the complaint

Suttons fabrications falsely increased MSCs earnings by artificially inflating the book

value of the units inventory on hand and understating the units cost of sales

The complaint also alleges that from March 1996 to February 28 1997 Sutton

intentionally made false ledger entries for the Laminates and Composites units accounts

payable According to the complaint Suttons improper entries falsely increased MSCs District earnings by artificially deflating its liabilities Robert Sutton

NEWS DIGEST September 2000 99 Court for the Northern District of Illinois Civil Action No 6342 N.D Ill AAER- September 27 1999 LR- 16692 1299

GIACCHETTO CONSENTS TO PERMANENT INJUNCTION

United States District Judge for On September the Honorable Lawrence McKenna of Permanent the Southern District of New York entered Partial Judgment Injunction the which was filed on By Consent Against Dana Giacchetto In underlying action his owned April 2000 the Commission alleged that Giacchetto through wholly 1997 until late investment advisory firm The Cassandra Group Inc from September million in client funds and March 2000 unlawfully gained possession of at least $20 fund Giacchettos diverted more than $4 million to pay Cassandras operating expenses had been defrauded earlier in the own lavish lifestyle and compensate other clients who scheme Giacchetto stole money by directing Brown Company registered broker- on funds held in dealer to issue checks payable to particular Cassandra clients drawing Giacchetto then those clients Brown accounts and to deliver the checks to Cassandra Cassandras endorsed the checks himself in his own name and deposited the funds in As Giacchetto clients with funds stolen from corporate bank accounts paid complaining To conceal his diversion other clients Cassandra became giant asset-kiting scheme his clients of funds Giacchetto made variety of misrepresentations to the Giacchetto consented to the partial judgment without admitting or denying

Commissions allegations in its complaint

Giacchetto from Section of The partial judgment permanently enjoins violating 17a the Securities Act Section 10b of the Securities Exchange Act and Rule Ob-5 of Sections thereunder and from violating and/or aiding and abetting violations 207 204 2061 2062 and 2064 of the Investment Advisers Act and Rules 204-2 also that the 2064-2 and 2064-4 thereunder The partial judgment provides and determination of the complaints request for disgorgement of ill-gotten gains

of civil Giacchetto if will be prejudgment interest and the payment penalties by any determination of the Court determined through future stipulation of the parties or by See also LR-16499 Dana Giacchetto and The Cassandra Group Inc 00 Civ 2502 LMM S.D.N.Y LR-16693

NEWS DIGEST September 2000 INVESTMENT COMPANY ACT RELEASES

XSOURCE INC

An order has been issued on an application filed by XSource Inc under Sections 6c 17b and 23c of the Investment Company Act granting exemptions from Sections 17a 18d 1b 23a through and 30 of the Act and under Section 17d of the Act and Rule 17d-1 under

the Act permitting certain joint transactions The order permits applicant to operate as

managerial strategic investment company Rel IC-24634 September

PRUCO LIFE INSURANCE COMPANY ET AL

notice has been issued giving interested persons until September 28 to request

hearing on an application filed by Pruco Life Insurance Company Pruco Life Flexible Premium Variable Annuity Account Pruco Life Insurance Company of New Jersey

Pruco Life of New Jersey Flexible Premium Variable Annuity Account and Prudential

Investment Management Services LLC Applicants The Applicants seek an order

under Section 6c of the Investment Company Act granting exemptions from the provisions of Sections 2a32 22c and 27i2A of the Act and Rule 22c-1

thereunder to permit the recapture of credits applied to purchase payments under certain variable annuity contracts Rel IC-24635 September

SELF-REGULATORY ORGANIZATIONS

PROPOSED RULE CHANGE

The Options Clearing Corporation filed proposed rule change SR-OCC-00-06 under Section 9b of the Exchange Act Pursuant to the proposed rule change 0CC is reducing its clearing fees for established products effective September 2000

Publication of the proposal is expected in the Federal Register during the week of September 11 Rel 34-3 244

CORRECTION

In some copies of the September Digest an error appeared in the agenda for public

hearings to be held on September 13 Panel participant Jacqueline Wagner serves as General Auditor for General Motors Corporation

NEWS DIGEST September 2000 SECURITIES ACT REGISTRATIONS

with the SEC under the Securities Act The following registration statements have been filed and Phone of 1933 The reported information appears as follows Form Name Address face Number if available of the issuer of the security Title and the number and/or amount

of the securities being offered Name of the managing underwriter or depositor if if the applicable File Number and date filed Assigned Branch and designation

statement is New Issue

Registration statements may be obtained in person or by writing to the Commissions Public Reference Branch at 450 Fifth Street N.W Washington D.C 20549 or at the

this information is following e-mail box address publicinfosec.gov In most cases also available on the Commissions website www.sec.gov

F-i UNITED MICROELECTRONICS CORP NO 13 INNOVATION RD SCIENCE BASED INDUSTRIAL PARK HSINCHU TAIWAN ROC 011 886-3577 450000000 $1237500000 FOREIGN COMMON STOCK FILE 33312444 AUG 28 BR NEW ISSUE

S-B UNITED MEXICAN STATES 375 PARK AVENUE SUITE 1905 NEW YORK NY 10152 2500000000 $2500000000 STRAIGHT BONDS FILE 33312460 AUG 31 BR 99

SB ENGINEERED SUPPORT SYSTEMS INC 1270 PRICE RD ST LOUIS MO 63132 314 9935880 100000 $1993750 COMMON STOCK FILE 33345020 SEP 01 BR

S-8 ENGINEERED SUPPORT SYSTEMS INC 1270 PRICE RD ST LOUIS MO 63132 314 9935880 600000 $11962500 COMMON STOCK FILE 33345022 SEP 01 BR

S8 RSA SECURITY INC/DE/ 20 CROSBY DR BEDFORD MA 01730 781 3015000

4432072 $263176435 COMMON STOCK FILE 33345024 SEP 01 BR

S8 AWARE INC /MA/ 40 MIDDLESEX TURNPIKE BEDFORD MA 01730 617 276 4000 3100000 $123951994 COMMON STOCK FILE 33345026 SEP 01 BR

S-3 ELTRAX SYSTEMS INC 400 GALLERIA PARKWAY SUITE 300 ATLANTA GA 30339 770 6123500 3648788 $16534482.82 COMMON STOCK FILE 333 5028 SEP 01 BR

S-8 FIRST INTERNATIONAL BANCORP INC 280 TRUMBULL ST HARTFORD CT 06103 860 7270700 150000 $1138500 COMMON STOCK FILE 33345030 SEP 01 BR

NEWS DIGEST September 2000 S3 LIBERTY PROPERTY TRUST 65 VALLEY STREAM PKWY STE 100 MALVERN PA 19355 610 6481700 314709 $8329953.84 COMMON STOCK FILE 33345032 SEP 01 BR

S8 CHART HOUSE ENTERPRISES INC 640 LASALLE ST STE 295 CHICAGO IL 60610 19 7558281 400000 $2287200 COMMON STOCK FILE 333 45034 SEP 01 BR

S8 FIRST INTERNATIONAL BANCORP INC 280 TRUMBULL ST HARTFORD CT 06103 860 7270700 75000 $569250 COMMON STOCK FILE 33345036 SEP 01 BR

S8 BACH-HAUSER INC 2080 FLAMINGO RD STE 112 LAS VEGAS NV 89119 702 8662500 1050000 $231000 COMMON STOCK FILE 33345038 SEP 01 BR

58 RED HAT INC 2600 MERIDIAN PARKWAY DURHAM NC 27713 919 547-0012

64246 $46258 COMMON STOCK FILE 33345042 SEP 01 BR

S3 SILVERSTREAM SOFTWARE INC TWO FEDERAL ST BILLERICA MA 01821 978 2623000 286373 $8528560.22 COMMON STOCK FILE 33345044

SEP 01 BR

S8 SPECIALTY EQUIPMENT COMPANIES INC 1245 CORPORATE BLVD1 SUITE 401 AURORA IL 60504 603 5855111 250000 $6703125 COMMON STOCK FILE 33345048 SEP 01 BR

SB LEXENT INC NEW YORK PLAZA NEW YORK NY 10004 212 981-0700 8700000 $101094000 COMMON STOCK FILE 33345052 SEP 01 BR

SS SYNOPSYS INC 700 MIDDLEFIELD RD MOUNTAIN VIEW CA 94043 650 9625000 5833985 $211341238.35 COMMON STOCK FILE 33345056 SEP 01 BR

S8 NEUBERGER BERMAN INC 605 THIRD AVE NEW YORK NY 10158 212 476- 9000 1500000 $81468750 COMMON STOCK FILE 33345058 SEP 01 BR

S8 HA LO INDUSTRIES INC 5980 TOUHY AyE NILES IL 60714 708 647- 2300 10000000 $49700000 COMMON STOCK FILE 33345060 SEP 01 BR

SB2 HOME FINANCING CENTERS INC/MA 1710 DIVISION ST EVANSVILLE IN 47711 5165000 $2582500 COMMON STOCK FILE 33345068 SEP 01 BR

5-8 PEARSON PLC BURLINGTON GARDENS BANK OF NEW YORK LONDON UK W1X 1LE

10 NEWS DIGEST September 2000 STOCK X0 00000 442 0744120 1532510 $30574286.55 COMMON FILE 33345070 SEP 01 BR

919-6500 S-3 AVIRON 297 BERNARDO AyE MOUNTAIN VIEW CA 94043 650 1038235 $41140062 COMMON STOCK FILE 33345072 SEP 01 BR

358- S-8 LEGGETT PLATT INC NO LEGGETT RD CARTHAGE MO 64836 417 8131 500000 $8796750 COMMON STOCK FILE 33345074 SEP 01 BR

CA 92121 S-B LA JOLLA PHARMACEUTICAL CO 6455 NANCY RIDGE DR SAN DIEGO 619 4526600 1200000 $7800000 COMMON STOCK FILE 33345080

SEP 01 BR

NY S-S ENERGY EAST CORP P0 BOX 12904 SUITE 2006A 20TH FLOOR ALBANY 12212 518 4343014 1350000 $28939613 COMMON STOCK FILE 33345082

SEP 01 BR

NY S-S ENERGY EAST CORP P0 BOX 12904 SUITE 2006A 20TH FLOOR ALBANY 12212 518 4343014 2500000 $53591875 COMMON STOCK FILE 33345084

SEP 01 BR

Si DOUBLETWIST INC 1999 HARRISON ST SUITE 1100 OAKLAND CA 94612 510 6280100 $86250000 COMMON STOCK FILE 33345086 SEP 01

S-B BRIO TECHNOLOGY INC 3430 WEST BAYSHORE RD PALO ALTO CA 94303 650 8568000 6000000 $57180000 COMMON STOCK FILE 33345090

SEP 01 BR

S-B BROOKS AUTOMATION INC 15 ELIZABETH DRIVE CHELMSFORD MA 01824 978 2622566 250000 $13140625 COMMON STOCK FILE 33345092 SEP 01 BR

S-B KIDS ENTERTAINMENT INC 1414 AVE OF THE AMERICAS NEW YORK NY 10019 212 7587666 500000 $10343750 COMMON STOCK FILE 33345094 SEP 01 BR

FL 33431 S-8 HOLLYWOOD CON INC 2255 GLADES RD STE 237 BOCA RATON 561 9988000 2000000 $15064000 COMMON STOCK FILE 33345098

SEP 01 BR

CA 92641 S-8 HYCOR BIOMEDICAL INC IDE 7272 CHAPMAN AVE GARDEN GROVE 714 8959558 175000 $1225000 COMMON STOCK FILE 33345102 SEP 01 BR

S-3 GENERAL MOTORS CORP 300 RENAISSANCE CTR MAIL CODE 482-C34-D71

11 NEWS DIGEST September 2000 DETROIT MI 48265 313 5565000 42000000 $3029460000 COMMON STOCK FILE 333-45104 SEP 01 BR

S-3 CROSSWALK COM 4100 LAFAYETTE CENTER DR STE 110 CHANTILLY VA 20151 703 9684808 75000 $112500 COMMON STOCK FILE 33345106 SEP 01 BR

S-8 CONVERGENT GROUP CORP 6399 FIDDLERS GREEN CIRCLE SUITE 600 ENGLEWOOD CO 80111 303 7748400 5300558 $25840220 COMMON STOCK FILE 33345108 SEP 01 BR

S8 HYCOR BIOMEDICAL INC IDE 7272 CHAPMAN AyE GARDEN GROVE CA 92641 714 8959558 300000 $2100000 COMMON STOCK FILE 33345110 SEP 01 BR

S-B OPTA FOOD INGREDIENTS INC /DE 25 WIGGINS AVE BEDFORD MA 01730 617 2765100 250000 $558625 COMMON STOCK FILE 33345114 SEP 01 BR

S3 PLEXUS CORP 55 JEWELERS PARK DR NEENAH WI 54957 920 7223451 $500000000 STRAIGHT BONDS FILE 33345116 SEP 01 BR

S-B PMC SIERRA INC 250 900 EAST HAMILTON AVE CAMPBELL CA 95008 604 4156000 3016073 $299181845.94 COMMON STOCK FILE 33345118 SEP 01 BR

S-i ILX LIGHTWAVE CORP 31950 FRONTAGE ROAD P0 BOX 6310 BOZEMAN MT 59771 406 5861244 $115000000 COMMON STOCK FILE 33345120 SEP 01 NEW ISSUE

34 EAST COAST POWER LLC 711 LOUISIANA SUITE 3200 HOUSTON TX 77002 713 7536161 19387262 $19387262 STRAIGHT BONDS FILE 333 5124 SEP 01 BR

S-8 CLEAR CHANNEL COMMUNICATIONS INC 200 EAST BASSE ROAD SAN ANTONIO TX 78209 210 8222828 2167332 $90806226 COMMON STOCK FILE 33345126 SEP 01 BR

51 NUANCE COMMUNICATIONS 1005 HAMILTON CT MENLO PARK CA 94025 650 8470000 3450000 $420348000 COMMON STOCK FILE 333 45128 SEP 01 BR

Si TURNSTONE SYSTEMS INC 2220 CENTRAL EXPRESSWAY SANTA CLARA CA 95050 650 4040200 4600000 $268272000 COMMON STOCK FILE 333 45130 SEP 01 BR

S-i VYYO INC 20400 STEVENS CREEK BLVD 8TH FL CUPERTINO CA 95014 408 8632300 4600000 $144900000 COMMON STOCK FILE 333 45132 SEP 01 BR

12 NEWS DIGEST September 2000 CHESTER IL 62233 618 826-5038 S-8 CHESTER BANCORP INC 1112 STATE ST SEP 268212 $4500932.63 COMMON STOCK FILE 33345134 01 BR

FL 32801 SB-2 MEGAMEDIA NETWORKS INC 57 WEST PINE STREET ORLANDO 5793930 $720764.89 COMMON STOCK FILE 33345138 SEP 01 BR

RECENT 8K FILINGS

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

Item Changes in Control of Registrant Item Acquisition or Disposition of Assets

Item Barilcruptcy or Receivership Accountant Item Changes in Registrants Certifying Item Other Materially Important Events Item Resignations of Registrants Directors Item Financial Statements and Exhibits Item Change in Fiscal Year Item Regulation Offerings

for the date indicated and/or amendments to 8-K reports The following companies have filed 8-K reports the of the form 8-K reports may be obtained in person previously filed responding to items specified Public Reference Branch at 450 Fifth Street N.W Washington D.C or by writing to the Commissions In most this information is 20549 or at the following e-mail box address publicinfosec.gov cases also available on the Commissions website www.sec.gov

STATE 8K ITEM NO DATE COMMENT NAME OF ISSUER CODE

ADVANCED TECHNOLOGY INDUSTRIES INC DE 08/23/00 08/23/00 AEI INCOME GROWTH FUND 23 LLC DE AEROVOX INC DE 08/30/00 AETNA INC CT 09/05/00 08/18/00 ALZA CORP DE 08/08/00 ANERICREDIT FINANCIAL SERVICES INC DE 08 /2 9/00 ANERITRANS CAPITAL CORP DE APPLIED MICRO CIRCUITS CORP DE 08/28/00 08/23/00 ARC INTERNATIONAL CORP DE ARCADIA RECEIVABLES FINANCE CORP DE 06/22/00 ARM FINANCIAL GROUP INC DE 08/21/00 ASPEN TECHNOLOGY INC IDE DE 08/29/00 09/01/00 ASSISTED LIVING CONCEPTS INC NV ASSOCIATES FIRST CAPITAL CORP DE 09/06/00 08/08/00 ATRIX LABORATORIES INC DE 08/16/00 AUTOLEND GROUP INC DE AMEND BACKWEB TECHNOLOGIES LTD 06/27/00 09/06/00 BAKER HUGHES INC DE

13 NEWS DIGEST September 2000 BANGOR HYDRO ELECTRIC CO ME 09/06/00 BANK ONE CAPITAL III DE 08/30/00 BANK ONE CAPITAL IV DE 08/30/00 BANK ONE CORP DE 08/30/00 BANK ONE CORP DE 08/30/00 BBT CORP NC 09/06/00 BELL ATLANTIC CORP DE 09/07/00 BETA OIL GAS INC NV 09/05/00 BLUE DOLPHIN ENERGY CO DE 12/02/99 AMEND BLYTH INC DE 09/06/00 BRANDMAKERS INC UT 05/23/00 AMEND BRISTOL RETAIL SOLUTIONS INC DE 09/05/00 BROWN FORMAN CORP DE 09/30/00 BURNHAM PACIFIC PROPERTIES INC MD 09/04/00 CANARGO ENERGY CORP DE 08/31/00 CAPCO ENERGY INC CO 08/31/00 CBCOM INC DE 09/07/00 CE CASECNAN WATER ENERGY CO INC 09/07/00 CENTEX CREDIT CORP HOME EQ LN ASSET DE 08/31/00 BACKED CERT SER 2000 CENTEX HOME EQUITY LOAN TRUST 2000- DE 08/31/00

CHEC FUNDING LLC DE 09/05/00 CHRYSLER FINANCIAL CO LLC MI 09/06/00 STATE 8K ITEM NO NAME OF ISSUER CODE DATE COMMENT

CISCO SYSTEMS INC CA 09/04/00 CITICORP MORTGAGE SECURITIES INC DE 09/07/00 CITIGROUP INC DE 09/06/00 CLEAR CHANNEL COMMUNICATIONS INC TX 08/30/00 CNL HEALTH CARE PROPERTIES INC MD 08/24/00 CNL HOSPITALITY PROPERTIES INC FL 8/22/00 COACHMEN INDUSTRIES INC IN 08/31/00 COACHMEN INDUSTRIES INC IN 09/06/00 COLLINS INDUSTRIES INC MO 09/05/00 COMMUNITY FINANCIAL GROUP INC TN 09/05/00 COMPREHENSIVE MEDICAL DIAGNOSTICS FL XX 05/24/00 ROUP INC CONSOLIDATED GRAPHICS INC /TX/ TX 08/30/00 CTN MEDIA GROUP INC DE 08/30/00 CYTOGEN CORP DE 08/25/00 DATANETRICS CORP DE 09/07/00 DATRON SYSTEMS INC/DE DE 08/29/00 AMEND DEAN WITTER REALTY YIELD PLUS II LP DE 08 /31/00 DEAN WITTER REALTY YIELD PLUS DE 08 /31/00 DELTA BEVERAGE GROUP INC DE 08 /31/00 DEUTSCHE MORTGAGE ASSET RECEIVING DE 09/05/00 CORP SERIES 2000-Cl DEXTER CORP CT 08/23/00 DIGEX INC/DE DE 09/01/00 DIGITAL RIVER INC IDE DE 08/24/00 DM1 FURNITURE INC DR 08/24/00 DUPONT DE NEMOURS CO DE 09/07/00 DYNAMIC I-T INC CO 09/05/00 AMEND EFTC CORP/ CO 08/23/00

14 NEWS DIGEST September 2000 08/30/00 EQUITABLE LIFE ASSURANCE SOCIETY OF NY THE UNITED STATES /NY/ ESG RE LTD 09/05/00 ESKIMO PIE CORP VA 09/06/00 EXCELSIOR HENDERSON MOTORCYCLE MANU MN 08/18/00 FACTURING CO EXPORT FUNDING CORP DE 08/11/00 EYECITY COM INC DE 09/07/00 FAIC II ISSUER TRUST 2000-1 MA 09/01/00 FAR EAST VENTURES INC NV 08/28/00 FIRST ALBANY COMPANIES INC NY 09/06/00 FIRST PHILADELPHIA CAPITAL CORP DE 09/05/00 FIRST UNION COMMERCIAL MORTGAGE SEC NC 08/18/00 URITIES INC STATE 8K ITEM NO NAME OF ISSUER CODE DATE COMMENT

FISHER SCIENTIFIC INTERNATIONAL INC DE 09/01/00 FUNDTECH LTD 09/03/00 GEMSTAR TV GUIDE INTERNATIONAL INC DE 07/12/00 AMEND GENEREX BIOTECHNOLOGY CORP DE 08/29/00 GENEREX BIOTECHNOLOGY CORP DE 09/05/00 GENEREX BIOTECHNOLOGY CORP DE 09/05/00 AMEND GENESIS WORLDWIDE INC OH 09/06/00 GENTEK INC DE 08/25/00 GENUITY INC DE 09/07/00 GETTHERE INC DE 08/28/00 GOLDEN CHIEF RESOURCES INC KS XX 09/07/00 GOLDEN SOIL INC NV 09/05/00 GREKA ENERGY CORP CO 01/01/00 GTE CALIFORNIA INC CA 09/07/00 GTE FLORIDA INC FL 09/07/00 GTE HAWAIIAN TELEPHONE CO INC HI 09/07/00 GTE NORTH INC WI 09/07/00 GTE NORTHWEST INC WA 09/07/00 GTE SOUTH INC VA 09/07/00 GTE SOUTHWEST INC DE 09/07/00 HARLAND JOHN CO GA 08/23/00 HEALTH NUTRITION SYSTEMS INTERNAT FL 07/12/00 IONAL INC HIGH PLAINS CORP KS 08/31/00 HORIZON FINANCIAL SERVICES CORP DE 09/06/00 HSB GROUP INC CT 09/06/00 IMAGEWARE SYSTEMS INC CA 08/22/00 INACOM CORP DE 07/10/00 INFOCURE CORP DE 09/06/00 INFORMATICA CORP DE 08/29/00 INSILCO HOLDING CO DE 08/25/00 INSILCO TECHNOLOGIES INC DE 08/25/00 INTERCONTINENTAL FINANCE CORP DE 09/05/00 INTERNEDIA COMMUNICATIONS INC DE 09/01/00 INTERNET COMMERCE CORP DE 09/05/00 INTERSTATE HOTELS CORP MD 09/06/00 INTEST CORP DE 09/05/00 JANEX INTERNATIONAL INC CO 09/01/00 JDA SOFTWARE GROUP INC DE 08/28/00

15 NEWS DIGEST September 2000 KEYCORP STUDENT LOAN TRUST 1999 DE 08/25/00 KINARK CORP DE 06/26/00 AMEND KINNARD INVESTMENTS INC MN 9/05/00 STATE 8K ITEM NO NAME OF ISSUER CODE 123456789 DATE COMMENT

LAMAR ADVERTISING CO/NEW DE 09/15/99 LIFECELL CORP DE 9/05/00 LIFELONG COM INC CO XX 9/01/00 LOEWEN GROUP INC 09/06/00 MCMORAN EXPLORATION CO /DE/ DE 09/05/00 MID AMERICA APARTMENT COMMUNITIES TN 09/05/00 NC MORGAN STANLEY ABS CAPITAL INC DE 09/07/00 MURDOCK GROUP CAREER SATISFACTION UT 06/30/00 AMEND ORP NEWMONT MINING CORP DE 08/30/00 NEWPORT CORP NV 08/31/00 NORDSTROM INC WA 09/07/00 NORTEL NETWORKS CORP 08/15/00 AMEND OFFICE DEPOT INC DE 09/07/00 OLIN CORP VA 08/17/00 ORIENTAL FINANCIAL GROUP INC PR 08/29/00 OUTBOARD MARINE CORP DE 09/07/00 OXFORD AUTOMOTIVE INC MI 08/29/00 PACIFIC GATEWAY PROPERTIES INC /MD/ MD 08 /31/00 PACKAGING RESOURCES INC DE 08/30/00 PARK PLACE ENTERTAINMENT CORP DE 08/28/00 PEOPLES BANCORP INC OH 09/05/00 PEPPERCORN INDUSRIAL CORP NV 08/14/00 PEPPERCORN INDUSRIAL CORP NV 08/14/00 PEPSIANERICAS INC DE 08/31/00 PJ AMERICA INC DE 9/0 6/00 PLAINWELL INC DE 9/01/00 PMI GROUP INC DE 9/06/00 PNC MORTGAGE SEC CORP MORT PASS THR DE 09/01/00 CERT SER 20001 PNC MORTGAGE SEC CORP MORT PASS THR DE 09/01/00 CERT SER 20003 PNC MORTGAGE SEC CORP MORT PASS THR DE 09/01/00 CERT SER 2000-5 PNC MORTGAGE SECURITIES CORP MORT DE 09/01/00 ASS THRO CERT SER 2000-2 PNC MORTGAGE SECURITIES CORP MORT DE 09/01/00 ASS THRU CERT SER 2000 POLYONE CORP 08/29/00 POWERSOURCE CORP NV 07/26/00 PRINTRAK INTERNATIONAL INC DE 08/28/00 STATE 8K ITEM NO NAME OF ISSUER CODE DATE COMMENT

PROCTER GAMBLE CO OH 9/06/00 PROFESSIONAL BENEFITS INSURANCE CO TX 07/31/00 PRUDENTIAL SECURITIES SECURED FINAN DE 09/28/00 CING CORP

16 NEWS DIGEST September 2000 09/06/00 PUBLIC SERVICE CO OF NEW MEXICO NM Al 08/29/00 QLT INC/BC 09/07/00 QWEST COMMUNICATIONS INTERNATIONAL DE INC 09/07/00 RADIO ONE INC DE 09/06/00 RAYMOND JAMES FINANCIAL INC FL 09/07/00 RESIDENTIAL FUNDING MORTGAGE SECURI DE TIES II INC 08/31/00 RMS TITANIC INC FL 08/20/00 ROBERDS INC OH 08/16/00 RURBAN FINANCIAL CORP 01-i 08/31/00 SALISBURY BANCORP INC CT 09/07/00 SALTON INC DE SHAW INDUSTRIES INC GA 09/06/00 06/30/00 SHOP AT HOME INC /TN/ TN 07/17/00 SOUTH STREET FINANCIAL CORP NC 09/05/00 STANDARD PACIFIC CORP /DE/ DE 08/21/00 STAR SCIENTIFIC INC DE 12/31/99AMEND STARFEST INC XXXXXXX STEWART ENTERPRISES INC LA 09/06/00 STRUCTURED PRODUCTS CORP DE 09/01/00 09/08/00 Si CORP /DE/ DE TECHSYS INC NJ 08/31/00 TELETECH HOLDINGS INC DE 08/21/00 08/21/00 TIBERON RESOURCES LTD NV TITAN MOTORCYCLE CO OF AMERICA INC NV 08/21/00 TONG AH GLOBAL VENTURES CORP DE 09/05/00 TOWER GLOBAL VENTURES CORP DE 09/05/00 TRUE NORTH COMMUNICATIONS INC DE 09/06/00 08/31/00 UNION BANKSHARES CO/ME ME 09/05/00 UNITED INDUSTRIAL CORP /DE/ DE 09/06/00 UNIVERSAL CORP /VA/ VA UNIVERSAL MANUFACTURING CO NE 08/31/00 08/11/00 VALUE HOLDINGS INC FL VELOCITY COMPUTER SOLUTIONS LTD 05/31/00 AMEND VELOCITY COMPUTER SOLUTIONS LTD 05/31/00 VELOCITY COMPUTER SOLUTIONS LTD 06/10/00 VENCOR INC /NEW/ DE 09/07/00 STATE 8K ITEM NO DATE COMMENT NAME OF ISSUER CODE

VERIZON NEW JERSEY INC NJ 09/07/00 VERIZON DELAWARE INC DE 09/07/00 VERIZON MARYLAND INC MD 09/07/00 VERIZON NEW ENGLAND INC NY 09/07/00 VERIZON NEW YORK INC NY 09/07/00 VERIZON PENNSYLVANIA INC PA 09/07/00 VERIZON VIRGINIA INC VA 09/07/00 VERIZON WASHINGTON DC INC NY 09/07/00 VERIZON WEST VIRGINIA INC WV 09/07/00 VIDEONICS INC CA 08/30/00 VIRATA CORP DE 08/22/00 VISTA GOLD CORP 09/07/00 WASHINGTON REAL ESTATE INVESTMENT MD 09/05/00 RUST AMEND WORLDNET RESOURCES GROUP INC 09/06/00

17 NEWS DIGEST September 2000 WSI INTERACTIVE CORP 09/07/00 XATA CORP /MN/ MN 08 /31/00 ZEROS ONES INC NV 08 /21/00 21ST CENTURY TECHNOLOGIES INC NV 09/07/00 STATE 8K ITEM NO NAME OF ISSUER CODE DATE COMMENT

ADVANCED LIGHTING TECHNOLOGIES INC OH 08/31/00 AES CORPORATION DE 08/22/00 AETNA INC CT 09/01/00 AFTERMARKET TECHNOLOGY CORP DE 09/01/00 ALASKA PACIFIC BANCSHARES INC AK 09/01/00 ALLEGHENY ENERGY INC MD 08/18/00 ARGO BANCORP INC /DE/ DE 08/31/00 ATOMIC BURRITO INC CO 08/25/00 ATOMIC BURRITO INC CO 08/31/00 AXA FINANCIAL INC DE 08/30/00 AMEND BANC OF AMERICA COMMERCIAL MORTGAGE DE 09/01/00 INC BENNION CORP NV 08/04/00 BERKSHIRE ENERGY RESOURCES MA 09/01/00 BICO INC/PA PA 09/01/00 BIG BUCK BREWERY STEAKHOUSE INC MI 08/31/00 BRADLEY OPERATING DE 09/01/00 BRADLEY REAL ESTATE INC MD 09/01/00 BURNHAN PACIFIC PROPERTIES INC MD 08/31/00 CAPITAL ONE MASTER TRUST VA 08/24/00 CAROLINA POWER LIGHT CO NC 09/01/00 CARRAMERICA REALTY CORP MD 08/17/00 CARRAMERICA REALTY DE 08/17/00 CEDAR FAIR DE 08/25/00 CHASE FUNDING INC NY 08/25/00 CHASE MORTGAGE FINANCE CORP DE 08/25/00 CHROMATICS COLOR SCIENCES INTERNATI NY 08/17/00 ONAL INC CITIZENS FIRST FINANCIAL CORP DE 08/28/00 CMP GROUP INC ME 09/01/00 CORVALLIS INC NV 08/04/00 COVEST BANCSHARES INC DE 09/01/00 CPL ENERGY INC NC 09/01/00 CREDIT SUISSE FIR BOS MOR SEC CORP 08/31/00 MO BK PA TH CE SE 99-WM1 CREDIT SUISSE FIR 305 MOR SEC CORP 08/31/00 MO BK PA TH CE SE 99WM2 CREDIT SUISSE FIR BOS MOR SEC CORP DE 08/31/00 MO BK PA TH CE SE 99-WM3 CTG RESOURCES INC CT 09/01/00 CWMBS INC DE 07/28/00 CYBERAMERICA CORP NV 08/29/00 STATE 8K ITEM NO NAME OF ISSUER CODE 123456789 DATE COMMENT

DATAWARE TECHNOLOGIES INC DE 08/31/00 DEALER AUTO RECEIVABLES CORP DE 08/24/00 CU MORTGAGE ACCEPTANCE CORP DE 08/29/00

18 NEWS DIGEST September 2000 08/22/00 DRKOOP COM INC DE 08 /21/00 ELECTRONIC CLEARING HOUSE INC NV 09/01/00 ENERGY EAST CORP NY 08/17/00 ENOTE COM INC DE EUROTELECOM COMMUNICATIONS INC 08/30/00 06/13/00 AMEND EXCHANGE APPLICATIONS INC DE 08 /31/00 FORT JAMES CORP VA 08/18/00 FREEREALTIME COM INC CO 08/23/00 FULL TILT SPORTS INC CO 04/19/00 FULLCOMM TECHNOLOGIES INC DE 08/31/00 FX ENERGY INC NV 08/25/00 GE CAPITAL MORTGAGE SERVICES INC NJ 08/31/00 GENERAL MILLS INC DE 08/17/00 GMAC COMMERCIAL MORTGAGE SECURITIES DE INC 08/11/00 GRAND ADVENTURES TOUR TRAVEL PUBL OR ISHING CORP 07/31/00 GREENPOINT CREDIT LLC DE 07/31/00 GREENPOINT CREDIT LLC DE 07/31/00 GREENPOINT CREDIT LLC DE 08/30/00 GROW BIZ INTERNATIONAL INC MN HA LO INDUSTRIES INC IL 08/31/00 HENLEY HEALTHCARE INC TX 09/01/00 09/01/00 HI SHEAR TECHNOLOGY CORP DE HUTTIG BUILDING PRODUCTS INC 09/01/00 09/01/00 OMAGIC CORP/CA NV 06/21/00 AMEND IMAGEX COM INC WA INSO CORP DE 08/28/00 INTERLIANT INC DE 08/21/00 08/31/00 JCC HOLDING CO DE JDS UNIPHASE CORP /CA/ DE 06/30/00 KEYNOTE SYSTEMS INC CA 08/18/00 KING PHARMACEUTICALS INC TN 08/31/00 08/17/00 MAKEFEACE CAPITAL CORP 09/01/00 MARINE DRILLING COMPANIES INC TX MERIDIAN HOLDINGS INC CO 08/31/00 MERLIN SOFTWARE TECHNOLOGIES INTERN NV 08/24/00 ATIONAL INC METALCLAD CORP DE 08/30/00 STATE 8K ITEM NO DATE COMMENT NAME OF ISSUER CODE 123

MONONGAHELA POWER CO /OH/ OH 08/18/00 NET VALUE HOLDINGS INC DE 08/23/00 NEW WORLD COFFEE MANHATTAN BAGEL IN DE 08/11/00

NISOURCE INC IN 08/31/00 NORTHERN STATES POWER CO /WI/ WI 08/28/00 OTTAWA FINANCIAL CORP DE 08/31/00 PACIFIC WEBWORKS INC NV 08/03/00 07/21/00 PENNEY CO INC DE PFIZER INC DE 06/19/00 RAILAMERICA INC /DE DE 08/31/00 REAL GOODS TRADING CORP CA 09/01/00 SALOMON BROTHERS MORT SEC VII INC DE 08/25/00 ORT PAS TH CE SER 2000-1

19 NEWS DIGEST September 2000 SCB COMPUTER TECHNOLOGY INC TN 08/31/00 SEMTECH CORP DR 08/31/00 SHOP AT HOME INC /TN/ TN 06/30/00 SIZZLER INTERNATIONAL INC DR 08/21/00 SOUTH TEXAS DRILLING EXPLORATION TX 9/0 1/00 INC SPECIAL METALS CORP DR 08/25/00 STILWELL FINANCIAL INC DR 09/01/00 TELIDENT INC /MN/ MN 09/01/00 TELTRAN INTERNATIONAL GROUP LTD DR 09/01/00 THERMOVIEW INDUSTRIES INC DR 09/01/00 TRACK TRAIL INC DR 09/01/00 TRANSWITCH CORP IDE DE 09/01/00 TURNSTONE SYSTEMS INC DR 08/08/00 AMEND TV COMMUNICATIONS NETWORK INC CO 09/01/00 UNICO INC /AZ/ AZ 08/28/00 UNIDIGITAL INC DR 9/01/00 UNITED MEDICORP INC DR 09/05/00 VARI CO INC CO 08 /02/00 VIDEO NETWORK COMMUNICATIONS INC DR 08/25/00 VITESSE SEMICONDUCTOR CORP DR 08/25/00 VIZACOM INC DR 08/17/00 ASSET SEC CORP MORT PAS NY 07/28/00 THR CERT SERIES 2000-4 WFS FINANCIAL 2000-B OWNER TRUST 08/20/00 WILSHIRE REAL ESTATE INVESTMENT TRU MD 09/01/00 ST INC WINCO CORP CO 08/18/00 STATE 8K ITEM NO NAME OF ISSUER CODE 123456789 DATE COMMENT

WINGS THINGS INC NV 08/04/00 24/7 MEDIA INC DR 08/24/00

20 NEWS DIGEST September 2000