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LIBRARY Issue 91-130 JUl 1 0 1991 July 8, 1991 ~~~~~~~~~~~~I~ON~------ijpTlcBOicokMrssr6NHBl!:Tl:NGS/

Following is a schedule of Commission meetings which will be conducted under provisions of the Government in the Sunshine Act. In general, the Commission expects to follow a schedule of holding closed meetings on Tuesdays, and open meetings on Thursday mornings. Meetings on Wednesdays, and if necessary on Thursday afternoons, will be either open or closed according to the requirements of agenda items under consideration.

CLOSBD MEETING - WEDNESDAY. JULY 10. 1991 - 2:30 P.M.

The subject matter of the July 10 closed meeting will be: Institution of injunctive actions; Institution of administrative proceedings of an enforcement nature; Settlement of administrative proceedings of an enforcement nature; and Settlement of injunctive actions.

AT TIMES CHANGES IN COMMISSION PRIORITIES REQUIRE ALTERATIONS IN THE SCHEDULING OF MEETING ITEMS. FOR FURTHER INFORMATION AND TO ASCERTAIN WHAT, IF ANY, MATTERS HAVE BEEN ADDED, DELETED OR POSTPONED, PLEASE CONTACT: Holly Smith at (202) 272-2100 •

.••·.·COHK:ISSIONANNOUNCBKENTS

SEC NAMES DEPUTY DIRECTOR, MARKET REGULATION

Chairman Breeden announced today that Brandon Becker has been named Deputy Director of the Division of Market Regulation. Mr. Becker will succeed William Heyman, who now serves as Director of the Division of Market Regulation. (Press ReI. 91-38)

CARREL APPLICATIONS NOW BEING ACCEPTED

Pursuant to rules of the Public Reference Room, the July allocation of carrels and telephone privileges for recognized user organizations (information dissemination companies) is beginning. Application forms are .available in the Room. Companies unable to pick up forms may submit written applications to April Keyes, Chief, Public Reference Branch, Securities and Exchange Commission, Room 1024, Stop 1-2, 450 Fifth Street, N.W., Washington, D.C. 20549. Applications must include the following: a brief description of the business, business address and telephone number; the name of a person who will serve as on-site contact; names of all persons who work every day in the Room; number of employees assigned to research/sales of SEC filings, regardless of work location; and number of carrels requested. Applicants may also submit a supplemental statement in support of their request. Applications must be certified and signed by a company official, and submitted by close of business on July 12, 1991. As in the past, assignment of carrels/telephone privileges is discretionary. Applicants should not assUIJiethey will receive the number of carrels for which they apply. The Commission intends to continue to reserve carrels for the general public.

Questions concerning application procedures may be addressed to Ms. Keyes at (202) 272-2616.

Allocations will be effective July 31, 1991.

", ", -- "',,-'.', ,",' .',-'- ,- .. _. '," ADMl:tnsTUT:rn PROC:BJlbl:N"GS

LISA JONES BARRED

The Commission instituted administrative proceedings against Lisa A. Jones (Jones), a former employee of the High Yield and Convertible Bond Department of Drexel Burnham Lambert Incorporated, a broker-dealer registered with the Commission, pursuant to Section l5(b) (6) of the Securities Exchange Act of 1934 (Exchange Act). Jones submitted an Offer of Settlement consenting to the entry of an Order which contains findings that on March 22, 1989, Jones was convicted in a jury trial in the U.S. District Court for the Southern District of New York [U.S. v. Jones, No. 86 Cr. 624, SDNY, August 23, 1969]. Jones was convicted of five counts of perjury and two counts of obstruction of justice in violation of Title 18, United States Code Sections 1623 and 1503, for acts which occurred during the time she was associated with Drexel.

The Order issued by the Commission permanently bars Jones from association with any broker, dealer, investment adviser, investment company or municipal securities dealer. (Re1. 34-29395)

ADMINISTRATIVE PROCEEDINGS AGAINST GREAT LAKES EQUITIES AND G. REYNOLDS SIMS

The Commission announced the institution of public administrative proceedings pursuant to Sections l5(b) and 19(h) of the Securities Exchange Act of 1934 (Exchange Act) against Great Lakes Equities Co. and G. Reynolds Sims. The proceedings are based on the respondents' willful violations and willful aiding and abetting violations of the antifraud, net capital and securities registration provisions of the federal securities laws. The Commission's Order Instituting Proceedings alleges, among other things, that in the offer and sale of three "penny stocks" the respondents made materially false and misleading statements and omissions. The statements and omissions concerned, among other things, the mark-ups, which were as high as 200% or more; the financial condition of the companies; the risks associated with the investments; and the prevailing and future market price of the stock. The Order also alleges that GLE, aided and abetted by Sims, failed to maintain the minimum required net capital. Finally, the Order alleges that Sims violated the securities registration provisions in connection with the offer and sale of securities, namely promissory notes. A hearing will be held to determine if the staff's allegations are true and, if so, what, if any, remedial action is appropriate in the public interest. (ReI. 34-29391)

2 NEWS DIGEST, July 8, 1991 ADMINISTRATIVE PROCEEDINGS AGAINST LAWRENCE KOWAL

The Commission announced the institution of public administrative proceedings pursuant to Sections l5(b) and 19(h) of the Securities Exchange Act of 1934 (Exchange Act) against Lawrence M. Kowal based on his willful violations of the antifraud provisions of the federal securities laws. The Commission's Order Instituting Proceedings alleges, among other things, that in the offer and sale of two "penny stocks" Kowal made materially false and misleading statements and omissions. The statements and omissions concerned, among other things, the financial condition of the companies, the risks associated with the investments and the prevailing and future market price of the stock. A hearing will be held to determine if the staff's allegations are true and, if so, what, if any, remedial action is appropriate in the public interest. (Rel. 34-29392)

SBCURITIBSACT REGISTRATIONS

The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue.

S-8 TELEDYNE INC, 1901 AVE OF THE STARS, LOS ANGELES, CA 90067 (213) 277-3311 (FILE 33-41372 - JUN. 28) (8R. 12)

S-8 DATA TRANSLATION INC, 100 LOCKE DRIVE, MARLBOROUGH, MA 01752 (508) 481-3700 - 100,000 ($525,000) COMMON STOCK. (FILE 33-41429 - JUN. 28) (8R. 9)

S-8 FISHER PRICE INC, 636 GIRARD AVE, EAST AURORA, NY 14052 (716) 687-3000 - 2,300,000 ($30,475,000) COMMON STOCK. (FILE 33-41431 - JUN. 28) (8R. 11)

5-8 FISHER PRICE INC, 636 GIRARD AVE, EAST AURORA, NY 14052 (716) 687-3000 - 2,500,000 ($33,125,000) COMMON STOCK. (FILE 33-41432 - JUN. 28) (8R. 11)

S-3 RENTRAK CORP, 7227 N E 55TH AVE, PORTLAND, OR 97218 (503) 284-7581 - 3,025,000 ($24,774,750) COMMON STOCK. (FILE 33-41436 - JUN_ 28) (8R. 12)

N-2 FIRST COMMON~ALTH FUND INC, 45 8ROADWAY, 31ST FLOOR, NEW YORK, NY 10006 (212) 968-8800 - 4,600,000 ($69,000,000) COMMON STOCK. UNDERWRITER: AG EDWARDS & SONS. (FILE 33-41437 - JUN. 28) (8R. 18 - NEW ISSUE)

5-1 SHEARSON LEHMAN 8ROTHERS INTERNATIONAL ADVISORS CURR FUND LP, WORLD FINAN CENTER AMERICAN EXPRESS TOWE, 7 TH FLOOR, NEW YORK, NY 10285 (212) 528-8064 - 10,000,000 ($100,000,000) LIMITED PARTNERSHIP CERTIFICATE. (FILE 33-41438 - JUN. 28) (8R. 12 - NEW ISSUE)

5-2 CONTINENTAL I«J4ESHOLDING CORP, 11000 N SCOTTSDALE RD ST,E234, SCOTTSDALE, AZ 85254 (602) 483-0006 • 300,000 ($2,587,500) COMMON STOCK. 1,770,000 ($15,266,250) COMMON STOCK. (FILE 33-41439 - JUN. 28) (8R. 9)

5-8 COMCAST CORP, 1234 MARKET ST, PHILADELPHIA, PA 19107 (215) 665-1700 - 600,000 ($8,362,500) COMMON STOCK. (FILE 33-41440 - JUN. 28) (8R. 7)

NEWS DIGEST, July 8, 1991 3 REGISTRATIONS CONTINUED

S-8 CRESTMONT FINANCIAL CORP, 2035 LINCOLN HIGHWAY, EDISON, NJ 08817 (908) 287-3838 - 135,703 ($457,997.63) COMMON STOCK. (FILE 33-41441 - JUN. 28) (BR. 2)

S-8 WATERHOUSE INVESTOR SERVICES INC, 44 WALL ST, NEW YORK, NY 10005 (212) 806-3500 - 312,500 ($2,343,750) COMMON STOCK. (FILE 33-41446 - JUN. 28) (BR. 11)

5-8 BECKMAN INSTRUMENTS INC/DE/, 2500 HARBOR BLVD, FULLERTON, CA 92634 (714) 871-4848 - 375,000 ($7,031,250) COMMON STOCK. (FILE 33-41448 - JUN. 28) (BR. 8)

S-8 ALDUS CORP IWAI, 411 FIRST AVE SOUTH, SEATTLE, WA 98104 (206) 622-5500 - 1,000,000 ($38,125,000) COMMON STOCK. (FILE 33-41449 - JUN. 28) (8R. 9)

S-8 ALDUS CORP IWAI, 411 FIRST AVE SOUTH, SEATTLE, WA 98104 (206) 622-5500 - 300,000 ($11,437,500) COMMON STOCK. (FILE 33-41450 - JUN. 28) (8R. 9)

S-8 CONFERTECH INTERNATIONAL INC, 240 APPLEWOOD TECH CTR, 2801 YOUNGFIELD, GOLDEN, CO 80401 (303) 237-5151 - 800,000 ($3,750,000) COMMON STOCK. (FILE 33-41456 - JUN. 28) (SR. 7)

S-8 HANNA M A COIOE, 1301 E 9TH ST STE 3600, CLEVELAND, OH 44114 (216) 589-4000 - 100,000 ($2,312,500) COMMON STOCK. (FILE 33-41461 - JUN. 28) (8R. 5)

S-l REN CORP USA, 6820 CHARLOTTE PIKE, NASHVILLE, TN 37209 (615) 353-4200 - 660,838 ($3,304,190) COMMON STOCK. (FILE 33-41468 - JUN. 28) (BR. 5)

S-2 ONCOR INC, 209 PERRY PKWY, GAITHERSBURG, NO 20877 (301) 963-3500 - 873,220 (56,330,845) COMMON STOCK. (FILE 33·41470 - JUN. 28) (BR. 4)

S-1 INTERGROUP HEALTHCARE CORP /DE, 1010 NORTH FINANCE CENTER DR, TUCSON, A2 85710 (602) 721-4444 - 3,700,000 ($55,500,000) COMMON STOCK. UNDERWRITER: DILLON READ & CO INC, DONALDSON LUFKIN & JENRETTE SECURITIES, GIBSON DUNN & CRUTCHER. (FILE 33-41471 - JUN. 28) (BR. 9 - NEW ISSUE)

S-8 TSI CORP IDEI, 365 PLANTATION ST, WORCESTER, MA 01605 (508) 755-0550 - 600,000 ($3,150,000) COMMON STOCK. (FILE 33-41473 - JUL. 01) (BR. 8)

REGISTRATIONS EFFECTIVE:

April 1: American Depositary Shares for Makita Corporation (ADRs), 33-39597. April 15: American Depositary Shares for TNT Limited (ADRs), 33-38136. April 24: American Depositary Shares for Cadbury Schweppes Plc, 33-39828. Aori1 25: American Depositary Shares for Unitor Ships Service AS, 33-39476. May 10: American Depositary Shares for The News Corporation Ltd., 33-40082. May 17: American Depositary Shares for Cifra, S.A. De C.V., 33-38370. May 24: American Depositary Shares for National Power PIc, 33-40375. May 28: American Depositary Shares for Ponderosa Industrial S.A. De C.V., 33-40089. May 29; American Depositary Shares for Broken Hill Proprietary Co., Ltd., 33-40291. May 30: American Depositary Shares for Saatchi & Saatchi Company PIc, 33-40305.

4 NEWS DIGEST, July 8, 1991 REGISTRATIONS EFFECTIVE CONT.

May 31: Dean Witter Reynolds Inc., Sponsor of: Sears Municipal Trust, Insured California Intermediate Series 1, 33-40418. June 3: American Depositary Shares for HongKong Land Holdings Ltd .. 33-37787; American Depositary Shares for Jardine Matheson Holdings Ltd., 33-37786; American Depositary Shares for Mandarin Oriental International Ltd., 33- 37789; and American Depositary Shares for Novo Nordisk AS, 33-40695. June 4: American Depositary Shares for Dairy Farm International Holdings Ltd., 33- 37788; and American Depositary Shares for Normandy Poseidon Ltd., 33-40803. June 6: American Depositary Shares for Coca-Cola Amatil Ltd., 33-40883. June 11: American Depositary Shares for Thyssen AG, 33-37634. June 13: American Depositary Shares for Societe Nationale Elf Aquitaine, 33-40584; and BPI Environmental, Inc., 33-39463. June 17; J.e. Penney Company, Inc., 33-41186. June 18: American Depositary Shares for N.V. Amev, 33-40536. June 20: Iowa Ultra Futures Fund, L.P., 33-33941 C; Salomon Inc., 33-41209; and Sears, Roebuck and Co., 33-39724.

ACQUISITION OF SECURITIES

Companies and individuals must report to the Commission within ten days on Schedule 13D if after the acquisition of equity securities of a public company their beneficial interest therein exceeds five percent. Persons eligible to use the short form (Schedule l3G) may in lieu of filing a Schedule l3D file a Schedule l3G within 45 days after the end of the calendar year in which the person became subject to Section 13(d)(l). Companies and individuals making a tender offer must have on file at the time the tender offer commences a Schedule l4D-1. Below is a list of recent filings of Schedules 130 and 140, which includes the following information: Column 1 - the company purchased (top), and the name of the purchaser; Column 2 - the type of security purchased; Column - 3 - the type of form filed; Column 4 - the date the transaction occurred; Column 5 - the current number of shares (in OOO's) owned (top) and the current percent owned; Column 6 - the CUSIP number (top) and the percent owned; and Column 7 - the status of the filing, i.e., new, update or revision.

EVENT SHRS(OOO)/ CUSIP/ FILING NAME AND CLASS OF STOCK/OWNER FORM DATE XO'WNED PRIOR); STATUS

DEVRY INC COM 513 25189310 TAYLOR RONALD l 130 6/21/91 10.6 0.0 NEW

DIVERSIFIED INDS INC COM 336 25~26410 AUGUSTUS BERATUNG - BETElllGUN 130 71 3/91 7.2 6.9 UPDATE

FIRST NATl BK CORP DEL COM 90 32509010 MIDWEST BANK FUND lP ET Al 130 6/ 6/91 7.5 6.1 UPDATE

NEWS DIGEST, July 8, 1991 5 ACQUISITIONS CONT.

EVENT SHRS(OOO)/ CUSIP/ FILING NAME AND CLASS OF STOCK/OWNER FORM DATE XOWNED PRIOR' STATUS

GULF RES & CHEM CORP COM 3,627 40249610 NYCAL CORP 130 7/ 2/91 35.1 35.1 UPDATE

INSTITUTE FOR LAB MEDICINE CCM 11,270 47799610 ZISES SELIG A ET AL 130 6/20/91 50.1 0.0 NEW

LIPOSOME TECHNOLOGY INC COM 4,622 53631110 ARVANITIDIS NICOLAOS V ET AL 130 7/ 3/91 49.4 6.9 UPDATE

NYCAL CORP CCM 4,150 67066010 INOCO PLC ET AL 130 6/27/91 27.7 27.7 UPDATE

NU MED INC COM NEW 524 67090320 ALLEN HLDG ET AL 130 6/25/91 5.8 7.6 UPDATE

ORION CAP CORP PFCV EX $2.125 66 68626820 CUTLER MELVIN S ET AL 130 6/26/91 5.5 0.0 NEW

PORTA SYS CORP COM 283 73564710 SANTULLI VINCENT F 130 2/ 4/91 4.4 0.0 NEW

RECOGNITION EQUIP INC COM 500 75623110 VANOUREK ROBERT A 130 7/ 3/91 4.9 4.9 UPDATE

STONERIDGE RES INC COM . 4,972 86183910 SRE HLDG CO ET AL 130 6/25/91 36.5 37.9 UPDATE

TECHNOLOGY DEV CORP COM 168 87899210 COMPUTER LAND CORP 130 6/14/91 7.7 0.0 NEW

TRIPLE THREAT ENTERPRISES COM 3,171 89674010 DAVIS J MORTON ET AL 130 7/ 3/91 35.9 0.0 NEW

TRUST AMER SVC CORP COM 2,250 89826310 GLOBE MORTGAGE OF FLA INC 130 7/ 1/91 63.4 63.4 UPDATE

UTAH SHALE LD & MINERALS CP COM 249 91752310 POLK BROS INC ET AL 130 3/26/91 5.8 0.0 NEW

VIATECH INC COM 156 92552810 BP PENSION TRUSTEES LTD 130 6/26/91 8.9 0.0 NEW

WORTH CORP COM 2,561 98164510 WORMS M M & CIE ET AL 130 6/20/91 47.8 39.9 UPDATE

6 NEWS DIGEST, July 8, 1991 • ·B:alW••••••••I·.·.....ILXHGS··········· .::(:»\{::}:;:;:: ::::.".:."

Form 8-K is used by companies to file current reports on the following events: Item 1. Changes in Control of Registrant. Item 2. Acquisition or Disposition of Assets. Item 3. Bankruptcy or Receivership. Item 4. Changes in Registrant's Certifying Accountant. Item 5. Other Materially Important Events. Item 6. Resignations of Registrant's Directors. Item 7. Financial Statements and Exhibits. Item 8. Change in Fiscal Year. The companies listed below have filed 8-K reports for the date indicated and/or amendments to 8-K reports previously filed, responding to the item(s) of the form specified. Copies of the reports may be purchased from the Commission's Public Reference Room (when ordering, please give the date of the report). An invoice will be included with the requested material when mailed.

STATE SIC ITEM NO. NAME OF ISSUER CODE 12345678 DATE COMMENT -~~--.------.. _.------...... _ ... _- AIRTRAN CORP MN X X 06/28/91 ALLIED STORES CORP DE X X 07101191 AMERICAN INCOME 4 LTD PARTNERSHIP MA X 02104/91 AMERICAN INCOME 5 LTD PARTNERSHIP MA X 02104/91 AMERICAN INCOME 6 LTD PARTNERSHIP MA X 02104/91 AMERICAN INCOME 7 LTD PARTNERSHIP MA X 02104/91 AMER ICAN STORES co /NEW/ DE X X 06/17191 AMPLICON INC CA X X 06/25/91 ANDAL CORP NY X X 06/18/91 ANDERSON ROSS GROUP INC DE X X X X 06/04/91 ATEL CASH DISTRIBUTION FUND III LP CA X 06/05/91 ATLANTIC RESTAURANT VENTURES INC VA X X 07102191 AYDIN CORP DE X 06/27/91 BANKAMERICA CORP DE X X 07103/91 SCI GEONETICS INC DE X 04112191 BIO DENTAL TECHNOLOGIES CORP CO X X X X 03131191 BISCAYNE HOLDINGS INC FL NO ITEMS 05/17/91 BOWNE & CO INC NY X X 06/27/91 BURLINGTON HOLDINGS INC DE X 07/02/91 BURLINGTON INDUSTRIES CAPITAL INC DE X 07/02191 CAPROCIC CORP CO NO ITEMS OS/29/91 AMEND CAPROCIC CORP CO X X 06/27/91 CELCOR INC DE X 06/20/91 CELEBRITY RESORTS INC DE X 03/19/91 CENTER lOR ENERGY CORP OH X 06/27/91 CENTOCOR INC PA X 06/30/91 CENTOCOR INC PA X 07/03/91 CEZAR INDUSTRIES LTD DE X X 06/28/91 CHASE MORTGAGE FINANCE CORP DE X 06/20/91 CLEVELAND ELECTRIC ILLUMINATING CO OH X 06/27/91 COCA MINES INC CO X X 06/26/91 CODA ENERGY INC DE X X 07/01/91

, NEWS DIGEST, July 8, 1991 7 8K REPORTS CONT.

STATE 8IC ITEM NO. NAME OF ISSUER CODE 1 234 5 678 DATE COMMENT ------~------.------C(JtCAST CORP PA X X 06/12/91 CONSULIER ENGINEERING INC FL NO ITEMS 03/01191 AMEND CONTINENTAL MORTGAGE & EQUITY INVESTORS X 06/24/91 CS PRIMO CORP DE X X X 03/15/91 AMEND DESOTO INC DE X 06/27/91 DIGITAL METCOM INC NV X X 06/21/91 DIVERSIFIED INDUSTRIES INC DE X X 07/01/91 DRIVEFONE INC DE X X 06/28/91 EAGLE EXPLORATION CO CO X X 04/19/91 EL PASO ELECTRIC CO /TX/ TX X 06/26/91 ELECTRIC & GAS TECHNOlOGY INC TX X 06/18/91 EMERSON RADIO CORP NJ X X 07/01191 FEDERATED DEPARTMENT STORES INC DE X X 07/01/91 FIREMANS FUND MORTGAGE CORP DE X X 06/27/91 FIRST INTERSTATE BANCORP /DEI DE X X 07/01/91 FIRST MARYLAND BANCORP MD X X 06/20/91 FLAGSHIP EXPRESS INC DE X 06/20/91 FLAGSHIP FINANCIAL CORP PA X X 07/01191 FOOO 4 LESS SUPERMARKETS INC /DE DE X X X 06/17/91 FREEPORT MCMORAN INC DE X X 07/02/91 GARNET RESOURCES CORP /DEI DE X X 06/17/91 GHAC MORTGAGE CORP OF leliAMORT PAS THR PA NO ITEMS 06/01/91 GNW FINANCIAL CORP DE X X 06/28/91 GREENWICH FINANCIAL CORP DE X X 07/21/91 HECLA MINING CO/DEI DE X X 06/26191 HOME SAVINGS OF AMERICA FA X X 06/25/91 IG LABORATORIES INC DE X X 07102/91 IMC FERTILIZER GROUP INC DE X 07/02/91 IMC FERTILIZER GROUP INC DE X 07/02191 AMEND INCOME OPPORTUN ITY REALTY INVESTORS INC CA X 06/24/91 INLAND LAND APPRECIATION FUND II LP DE X X 06/14/91 INTEGRATED DEVICE TECHNOLOGY INC DE X X 06/27/91 INTElLUSYS INC DE X 05/05/91 AMEND INTERNET COMMUNICATIONS. CORP CO X X 06/25/91 JACQUES MILLER REALTY PARTNERS LP III DE X X X 06/18/91 JONES MEDICAL INDUSTRIES I~C /DEI DE X 05/15/91 AMEND KAMENSTEIN M INC NY X X 06/10/91 KEOKUK BANCSHARES INC DE X X 06/25/91 LEUCADIA NATIONAL CORP NY X X 07/03/91 LUND INTERNATIONAL HOLDINGS INC DE X 06118/91 MAINE PUBLIC SERVICE CO ME X 07101191 MERRILL LYNCH MORTGAGE INVESTORS INC /DE DE X 06/15/91 MERRILL LYNCH MORTGAGE INVESTORS INC /DE DE X 06/25/9~ MERRILL LYNCH MORTGAGE INVESTORS INC /DE DE X 06/26/91 MICRO BIO MEDICS INC NY X 06/13/91 AMEND MICRODYNE CORP MD X X X 06/20/91 MORTGAGE BANKERS FINANCIAL CORP I DE X X 07/01/91 NATIONAL INCOME REALTY TRUST CA X 06/24/91 NCNB CORP NC X X 06/26/91 NDE ENVIRONMENTAL CORP DE X 04/15/91 AMEND NEW PLAN REALTY TRUST MA X 06/20/91

8 NEWS DIGEST, July 8, 1991