Issue 93-181 SFP 2 - I~'J September 20, 1993

u.s. SECURITIES

EXCHANGE COMMISi'gf,;

RULES· ··ANbULATED HATTERS.

EXTENSION OF COMMENT PERIOD

The Commission extended the comment period from September 10, 1993 to December 17,1993 for Securities Exchange Act Release No. 34-32256, which solicited comment regarding the capital standards applicable to derivative products. FOR FURTHER INFORMATION CONTACT: Michael Macchiaroli (202) 272-2904. (ReI. 34-32915)

REVISION OF CERTAIN ANNUAL REVIEW REQUIREMENTS OF INVESTMENT COMPANY BOARDS OF DIRECTORS

The Commission has adopted amendments to Rules 10f-3, l7a-7, l7e-l, l7f-4, and 22c-1 under the Investment Company Act of 1940. The amended rules no longer require investment company directors to review certain procedures and arrangements annually,and require instead that directors make and approve changes when necessary. For further information, contact Elizabeth R. Krentzman at (202) 272-2048. (Rels. 33-7013; IC-19719; File No. S7-4l-92)

COMK:ISSl:ON WOUNCEHEN'l'S

SEC NAMES CHIEF COUNSEL FOR ENFORCEMENT AND ASSOCIATE DIRECTOR OF SMALL BUSINESS AND INTERNATIONAL FINANCE FOR CORPORATION FINANCE

Chairman Levitt announced the appointment of Joan E. McKown to the position of Chief Counsel for the Commission's Division of Enforcement (Division). Ms. McKown will serve as the chief legal officer of the Division, and have primary responsibility for rendering legal advice and counsel on the Division's enforcement program. In addition, Ms. McKown will oversee the Division's Branch of Regional Office Assistance.

Chairman Levitt also announced the appointment of Richard Kosnik to the position of Associate Director of Small Business and International Corporate Finance in the Division of Corporation Finance. Mr. Kosnik will oversee the Office of International Corporate Finance and the Office of Small Business. He will have primaryresponsibility for international initiatives, foreign issuer reviews, small business initiatives and small business impact reviews, as well as intergovernmental relations on these issues. (Press ReI. 93-37)

· i Q

ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST DAVID HABER

On September 13, 1993, the Commission instituted public administrative proceedingspursuant to Sections 15(b) and 19(h) of the Securities Exchange Act of 1934 (ExchangeAct) against David M. Haber (Haber), the former President of Monmouth Investments,Inc. (Monmouth), a now-defunct broker-dealer.

The Order for Public Administrative Proceedings (Order) alleges that on August 17, 1993, Haber was permanently enjoined on consent by the United States District Court for the District of New Jersey, from violating Sections 5(a), 5 (c) and 17(a) of the Securities Act of 1933 (Securities Act) and Section lOeb) of the Exchange Act and Rules lOb-5 and lOb-6 thereunder.

The Commission's complaint alleged that Haber orchestrated and participated in a manipulation of the common stock of Beres Industries, Inc. (Beres) in violation of Section lOeb) of the Exchange Act and Rule 10b-5 thereunder.

The Commission's complaint further alleged that Haber participated in Monmouth's offers and sales of unregistered Beres common stock, in violation of Sections 5(a)and 5(c) of the Securities Act. In addition, the Commission's complaint alleged that Haber caused Honmouth to bid for and purchase Beres common stock, which was the subject of a distribution, while Monmouth participated in the distribution. in

Exchange Act of 1934 against Jack M. Johnston (Johnston) of Englewood, Colorado.

violation 32869)

of Section lOeb) of the Exchange Act and Rule IOb-6 thereunder. (Rel. 34-

JACK JOHNSTON BARRED

The Commission instituted public administrative proceedings under the Securities

Simultaneously. the Commission accepted Johnston's Offer of Settlement. The Commissionfound that Johnston was convicted, pursuant to a plea of guilty, of violating 15 U.S.C. II 78j (b) and 78ff, securities fraud, in U.S. v. Jack M. Johnston (Crim. No. 91-CR-277, USDC Colo.). Johnston owned and controlled the now defunct broker-dealer, State Street Securities, which he used to manipulate the market for the securities of Warowl, Inc. and Sable, Inc.

The Commission's order bars Johnston from association with any broker, dealer,investment adviser, investment company, or muniCipal securities dealer. (Rel. 34-32870)

WILLIAM DILLON PERMANENTLY BARRED

The Commission issued Findings and an Order Imposing Remedial Sanctions by Default (Default Order) against William J. Dillon (Dillon) of Old Thyme, Connecticut, which permanently bars him from association with any broker, dealer, investment company,investment advisor or municipal securities dealer. Dillon failed to Answer the Order Instituting Proceedings and therefore was found to be in default.

2 NEWS DIGEST, September 20, 1993

The Default Order states that Dillon was permanently enjoined by the United States District Court for the District of Connecticut from further violations of Section lOeb) of the Securities Exchange Act of 1934 and Rule lOb-5 thereunder (SEC v. Dillon. et al., Dkt. No. 2:89cv00424, May 13, 1992). The Commission's complaint in the above action alleges that, while associated with Herrill Lynch, Pierce, Fenner & Smith,Inc., Dillon purchased and sold securities while in possession of material non-publicinformation concerning the imminent publication and contents of upcoming editions of Businessweek magazine and Businessweek's "Inside Vall Street" column. (Re1. 34-32872)

., ,'- , - .. ,. - ,',' ,.,' ' , .

.CIVIZ, ·PJt()CBBDl:RGS .

SALVATORE RUSSO PERMANENTLY ENJOINED

The Commission announced that on August 4, 1993 a Final Judgement of Permanent Injunction was entered, by consent, against Salvatore C. Russo, the former accounting manager, controller and vice-president of Stotler and Company (Stotler), a government securities broker-dealer registered with the Commission, and former general partner of Stotler and Company, the Partnership, Stotler'S predecessor.

The Commission's complaint alleged that Russo had engaged in a fraudulent scheme from in or about August 1988 to his resignation from Stotler and the Partnership in about October 1989 to defraud public investors of Stotler Group, Inc., the public parentof Stotler, and to deceive the Commission and other regulatory agencies by concealingself-dealing and creating the false appearance of regulatory capital compliance and profitability. Vithout admitting or denying the allegations in the Commission's complaint, except as to personal jurisdiction, Russo consented to the entry of an order permanently enjoining him from violating and/or aiding and abetting violationsof the anti-fraud, broker-dealer, registration, books and records, net capital,customer protection, proxy and reporting provisions of the federal securities laws. [SEC v. Thomas H. Egan, et al., Civil Action No. 92 C 3480, N.D. Ill.] (LR-13795)

SEL:r-REGULAToRY·ORSANIZATIONS

EXTENSION OF TEMPORARY REGISTRATION AS A CLEARING AGENCY

The International Securities Clearing Corporation filed a request for extension of its registration as a clearing agency under Section 17A of the Securities ExchangeAct until November 30, 1995. Publication of the proposal was expected in the Federal Register during the week of September 13. (Rel. 34-32858; International Series Rel. 580)

WITHDRAVAL OF PROPOSED RULE CHANGE

The Depository Trust Company has withdrawn a proposed rule change (SR-DTC-91-6) relating to expansion of DTC's International Institutional Delivery System to includeforeign exchange transactions. Publication of the proposal was expected in the Federal Register during the week of September 13. (Rel. 34-32859)

NEWS DIGEST, September 20, 1993 3

PROPOSED RULE CHANGE

The National Association of Securities Dealers filed a proposed rule change (SR-NASD-93-50) and Amendment No. 1 relating to the Extension of the Nasdaq InternationalService Pilot Program. Publication of the proposal was expected in the Federal Register during the week of September 13. (Rel. 34-32860)

APPROVAL OF PROPOSED RULE CHANGES

The Commission granted approval of a proposed rule change (SR-NYSE-93-15) filed bythe New York Stock Exchange relating to the listing of regular and long-term optionson the NYSE Utility Index. Publication of the proposal is expected in the Federal Register during the week of September 20. (Rel. 34-32871)

The Commission granted accelerated approval of a proposed rule change (SR-Amex-93-08) filed by the American Stock Exchange relating to the listing and trading of options on the Morgan Stanley Cyclical and Consumer Indexes and long-term options based on a reduced value of the Cyclical and Consumer Indexes. Publication of the proposal is expected in the Federal Register during the week of September 20. (Rel.34-32875)

The Commission granted approval of a proposed rule change (SR-CBOE-93-12) filed by the Chicago Board Options Exchange which allows the CBOE to list and trade reduced-value options equal to one-tenth of the value of the Standard & Poor's (S&P) 500 Stock Index (SPX). The reduced-value SPX options will trade in addition to regular full-value SPX options. Publication of the proposal is expected in the Federal Registerduring the week of September 20. (Rel. 34-32893)

The Commission approved a proposed rule change (SR-PHLX-92-38) filed by the Philadelphia Stock Exchange to permit public customer orders of up to 25 contracts in all equity options traded on the Exchange to be eligible for automatic execution through the automatic execution (Auto-X) feature of the Exchange's Automated OptionsMarket (AUTOM) system. (Rel. 34-32906)

The Commission approved a proposed rule change (SR-BSE-92-10) filed by the Boston Stock Exchange to revise its Floor Member Examination. (Rel. 34-32907)

The Commission approved a proposed rule change (SR-PSE-91-38) filed by the Pacific Stock Exchange that amends the market maker eligibility standards for participation in the Automatic Execution feature (Auto Ex) of the Pacific Option Exchange Trading System (POETS). Publication of the proposal is expected in the Federal Registerduring the week of September 20. (Re1. 34-32908)

The Commission approved a proposed rule change (SR-NYSE-93-21) filed by the New York Stock Exchange to streamline its listing procedures for debt securities. (Rel. 34-32909)

The Commission approved a proposed rule cQange (SR-BSE-93-6) filed by the Boston Stock Exchange to amend Chapter II, Section 15 of the BSE Rules to revise its requirements for the confirmation of G.T.C. orders. (Re1. 34-32910)

NEWS DIGEST, September 20, 1993 4

The Commission granted partial approval of a proposed rule change (SR-PSE-92-38) filed by the Pacific Stock Exchange relating to the hedge exemption from position and exercise limits for equity options. Publication of the proposal is expected in the Federal Register during the week of September 20. (Rel. 34-32900)

IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGE

The HBS Clearing Corporation filed a proposed rule change (SR-MBS-93-06) relating to a rebate to participants. The proposed rule change became effective upon filing with the Commission. Publication of the proposal is expected in the Federal Registerduring the week of September 20. (Rel. 34-32884)

The Chicago Board Options Exchange filed a proposed rule change (SR-CBOE-93-32)relating to position limits for broad-based index options. The proposed rule changebecame effective upon filing with the Commission. Publication of the proposal is expected in the Federal Register during the week of September 20. (Rel. 34-32892)

The Chicago Stock Exchange filed a proposed rule change (SR-CHX-93-20) to waive its transaction fees on trades done with non-standard settlements. The proposed rule change became effective upon filing with the Commission. (Rel. 34-32897)

The National Association of Securities Dealers filed a proposed rule change (SR-NSCC-93-l2) which consists of a waiver by NSCC of $99 of the $100 Mutual Fund Networking Position File fee. The proposed rule change became effective upon filing with the Commission. (Rel. 34-32912)

The National Securities Clearing Corporation filed a proposed rule change (SR-NSCC-93-09) to permit non-clearing members settling commissions through NSCC to elect to receive payment from NSCC via Automated Clearing House wire transfer. (Rei. 34-32914)

:-:-:':'::'"'.:'::-:-:-:-:':-::-::-::.:.:---::: .:.::,:., --.

sBctnU::'l'IB8 ACT· 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 managingunderwriter or depositor (if applicable); File number and date filed; Assigned Branch;and a designation if the statement is a New Issue.

S-6 KEMPERDEFINEDflII)S SERIES 6, 77 " WACICERDRIVE, CIIICAGO,IL 60601 (312) 574-6725 - llI)EFIIITE SHARES. (FILE 33-50227 - SEP. 10) (II. 22 • !lEW ISSlI:)

S-3 APPAlACIIIAli PCKR CO, 40 FRAIIIClIIi RD SU, 1tCWIOICE, VA 24011 (103) 985-2300 - 175,000,000 ($175,000,000) STRAIGHTIIIJI)S. (FILE33-50229 - SEP. 13) (IR. 8)

NEWS DIGEST, September 20, 1993 5

REGISTRATIONS CONTINUED

S-3 USAIR GRaJP IIIC, 2345 CRYSTAl DR, ARLlIIGTOII, VA 22227 (703) 418-5306 -500,000,000 (S500,ooo,ooo) EQUIPIEtIT TRUST CERTIFICATES. (FILE 33-50231 -SEP. 13) (81. 3)

S-3 ATLAlITA GAS LIGHT CO, 303 PEACHTREE ST lIE, OIIE PEACHTREE CEITEI,ATLAIITA, GA 30308 (404) 584-4000 - 300,000,000 (S300,ooo,ooo)STRAIGHT IIOIIDS. (FILE 33-50233 - SEP. 13) (81. 7)

S-3 IIlIITANA f'(IjER co /JfT/, 40 E BROIIDWAY,BUTTE, MY 597'01 (406) 723-5421 -500,000 (S50,OOO,OOO) PREFERRED STOIX. (FILE 33-50235 - SEP. 13) (81. 8)

S-4 MERICAI lED I CAl INTERNATlOIIAl IIIC /DEI, 8201 PR£STOII RD, SUITE 300,DAllAS, TX 75255 (214) 360-6300 - 150,000,000 (S150,OOO,OOO)STRAIGHT IIOIIDS. (FILE 33-50239 - SEP. 14) (81. 5)

5-8 ECOl..A8 IIIC, ECOl..A8 CTR, 370 N WAIIASIIA ST, ST PAUl., .. 55102 (612) 293-2233 - 1,871,803 (S79,551,627.50) aIIIII STOCIC. (FILE 33-65364 -JUL. 01) (81. 1)

F-6 QUADR\JC FINANCIAL SERVICES INC/ADR/, 48 WAlL STREET, lEW YCItK, lIT 10286 (212) 495-1127 - 7,000,000 (1350,000) DEPOSITARY RECEIPTS Fat aIIIII STOCIC. (FILE 33-65486 - JUl. 02) (NEW ISSUE)

58-2 UNClE IS BAKERY INC, 441 DUBUQUE ST, ELLSYlRTH, IA 50015 (515) 836-4000- 2,222,500 ($8,185,468) IDIIlIII STOIX. 177,800 (153)WARRAIITS, OPTlOliS at RIGHTS. lJI)EIMlITER: KINARD JOHI G & co lie. (FILE33-68264-C - SEP. 01) (RR. 3 - lEW ISSUE)

S-1 MARTEKIIOSCIENCES CCltP, 6480 DCIIBIN RD, COl~IA, lID 21045 (410) 740-0081 - 3,105,000 (137,260,000) IDIIlIII STOCIC. lM)EJMtITER: BEAR STEARNS & co INC, IWIIRECHT & QUIST lie, SAlCIUI a.JGIIERS lie. (FILE 33-68522 - SEP. 09) (81. 4 - lEW ISSUE)

S-1 GOlDEN SYSTEMS INC, 2125-1 MADERARD, SIMI VAllEY, CA 93065 (805) 582-4400 - 2,875,000 ($23,000,000) aIIIII STOCIC. lM)EJMtITER: FRIEII) LH ~INRESS & FRANKSOII INC, ..:DBUSH tIlRGAI SEClItITIES. (FILE 33-68526 - SEP. 09) (81. 10 - NEW ISSUE)

5-1 JPE INC, 900 VICTORS WAYSUITE 140, AlII ARBOR, MI 48108 (313) 662-2323 - 1,150,000 (S13,8OO,OOO) IDIIlIII STOCIC. lJI)EJMllTER: ROllEY & CO. (FILE 33-68544 - SEP. 09) (81. 4 - NEW ISSUE)

S-1 MERClItY INTERACTIVE CCltPCJtATlOII, 3333 OCTAVIUS DR, 249 MATTSONAVEIIJE LOS GATOS CA 95030, SAlTA ClARA, CA 95054 (408) 987-0100 - 3,162,500 (131,625,000) IDIIlIII STOCK. lJI)EJMtlTER: IWIIRECHT & QUIST INC, OPPENHEIMER & CO lie. (FILE 33-68554 - SEP. 09) (RR. 10 - NEW ISSUE)

S-1 M I SCHOTTENSTEIN IKJES INC, 41 s HIGH ST STE 2410, COlIJBJS. 011 43215 (614) 221-5700 - 3,450,000 (S55,200,OOO) IDIIlIII STOCIC. (FILE 33-68564 -SEP. 09) (RR. 9)

$-3 UGI CCltP INEW/, 460 II GULPH RD, POBOX 858, VAllEY FatGE, PA 19482 (215) 337-1000 - 1,495,000 (136,347,187.50) IDIIlIII 5TOCIC. (FILE 33-68566 -SEP. O9) (RR. 7)

6 NEWS DIGEST, September 20, 1993

REGISTRATIONS CONTINUED

5-1 LEGOOOIIS IIIC, 400 sa.JTH UlmEll, VADAlIA, NO 63382 (314) 594-6418 -1,410,000 ($5,940,000) aMQI STOCK. 90,000 ($50) WARRAllTS, OPTimIS CIt RIGHTS. 90,000 (1432,000) aJIUI STOCK. lJI)£RWRITER: RAF FIIWICIAL alRP. (FILE 33-68570 - SEP. 10) (BR. 8 - lEW ISSlE)

S-1 BULlWIIACICERSlilt, 1819 DElIVER WEST DR, BlDG 26 STE 100, GOlDEII, CD 80401 (303) 271-2500 - 2,300,000 ($32,200,000) aJIUI STOCK. lJI)ERWRITER: HAIl I Fell IMHOfF lilt. (FILE 33-68584 - SEP. 10) (BR. 12 - lEW ISSlI:)

F-10 DOUIIIOI TEXTILE lilt, 1950 SHERBROOICEST WEST, tDlTRAEl QUEBEt tAllADA, AS (514) 989-6000 - 150.000,000 ($150,000,000) FCltEIGli GDIIERIlEIiT All) AGEIICYDEBT. lJI)£RWRITER: CS FIRST BOSTOII GIHlP, 00lDIWI SACHS & CD. (FILE 33-68586 - SEP. 10) (BR. 7 - lEW ISSUE)

F-6 lIGHTlLlNG .IACIC Flut TRUST IADRI, 48 WALL ST, tIt IIAK OF lEW YORK, lIEU YORK. III 10286 (212) 495-1727 - 10,000,000 ($1,000,000) DEPOSITARY RECEIPTS FCIt aMQI STOCK. (FILE 33-68662 - SEP. 10) (BR. 99 - lEV ISSlE)

S-1 GP FlllAlltlAL alRP, 41 60 MAIl ST, FLUSHIIIG, IIY 11355 (718) 670-7600 -80,000,000 (S800,000,000) COIQI STOCK. lJI)ER\IUTER: ADAMS CDIIEIlSEClJRITIES lilt, MORGAN .lPSEClJRITIES lilt. (FILE 33-68676 -SEP. 10) (BR. 2 - IIEW ISSUE)

S-8 COIITI ...... CD lilt, 9500 ARIIORETlJI BLW, AUSTIll, TX 78759 (512) 345-5700 - 700,000 ($11,856,250) COIQI STOCK. (FILE 33-68748 - SEP. 10) (BR. 9)

. . . .

ACQUrSrTrOB 01' SECURrTrES

Companies and individuals must report to the Commission within ten days on Schedule l3D 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 l3(d)(l). Companies and individuals making a tender offer must have on file at the time the tender offer commences a Schedule l4D-l.

Below is a list of recent filings of Schedules 13D and l4D, 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.

EVEIIT SHRS(ooo)1 CUSIPI FILING lAME All) ClASS OF SToty<MIER DATE IDWIIED PRIORS STATUS

ARt IlilL aIlP o 00190510

OPITtAl. RADIATlOII CORP 13D 91 3/93 0.0 5.8 UPDATE

NEWS DIGEST, September 20, 1993 7

ACQUISITIONS CONT.

lboU'~\EVElY 4SCaeltS,!j~NUIIG !WE All) CLASS OF STOCY(UlER FORM DATE YaM:D PRICIrX STATUS

BET HlDGS IIIC etA 8,669 08658510

JOHIISOI ROBERTL 13D 8/ 1/93 41.6 43.5 UPDATE

BIG 0 TIRES INC COt PAR SO.10 312 0893Z420BALBOA IIVESTMEIiT GRP ET AL 13D 9/13/93 9.1 9.5 UPDATE

CARE CDlCEPTS IIIC COt lEV 163 14163130

L1FESCIEIlCES TECH PRTIIIS ET AL 13D 8130/93 21.0 ZO.5 UPDATE

alOPER LIFE SCIEIICES IIIC COt lEV 166 21611220

MARXIIJSES ET AL 13D 8/31/93 36.0 34.8 UPDATE

tXXlPER LIFE SCIEIlCES INC COt lEV 526 21671220SCHNELL tEL 13D 8/31/93 24.3 23.1 UPDATE

FPA alRP COt 185 30254210EXEaJTlVE LI FE IllS co 13D 8/Z1/93 2.7 39.0 UPDATE

FAIRFIELD CIItTlS IIIC COt PAR SO.10 849 304Z31ZOICIPPERMII RICHARD .. 13D 8/ 3/93 1.2 0.0 lEU

FFE FlIlL aItP COt 31 30999010UIIG R !CEITH ET AL 13D 9/ 2/93 7.7 0.0 lEU

FEDERAL SCREWWKS COt 295 31381910ZlIlSCHMIEDE U TCIt JR 13D 5/11/93 27.1 25.3 UPDATE

FIIIANCIAL IIISTIIS IllS GR(lJp COt 136 31758810LmIG R !CEITH ET AL 13D 5/12/93 12.6 11.4 UPDATE

FIRST MAll BIC alRP DEL COt 104 32509010MID\A:ST BAIIC RJI) LP ET AL 13D 8/12/93 6.0 5.7 UPDATE

FIRST SOURCEaItP COt 368 33690110MIDWEST.. RJI) LP ET AL 13D 9/13/93 5.1 0.0 lEV

IDJSTCII IIOTEa.:ll..OGT IIIC COt Z1 44184010IlITTCII CPIITIIAUIIC RES SYt 1 13D 7/30/9l 0.5 0.0 lEV

IDJSTCII II000CHlmLOGY IIIC COt 2 44184010IlUTTOil OPIITHAUn C RES SVC 2 13D 1/30m 0.0 0.0 lEU

IDJSTCII II000CHlmLOGT INC COt 24 44184010LEIIWI BROTIERS IIIC 13D 7/30/9l 0.6 0.0 lEV

IDJSTCII II000CIIIOl..OGY IIIC COt 493 44184010SllEARSOIIIIBlP ACGUISIT ICII 13D 7/30/93 12.6 0.0 lEV

IIiTERCARCiiOaIlP COt 700 46199110CIlICli CAP aIlP ET AI. 13D 9/13/93 9.8 0.0 lEV

8 NEWS DIGEST, September 20, 1993

ACQUISITIONS CONT.

EVEIIT ~-)' GIll" fill. TnNAME AJI) ClASS OF STOCX/!IIER fCI!II DAIE "ICII I!!1UI

LDDS aJMIIICATI(IIS lilt CLA 14.12'150199J1O METROIEDIA CDFAIIY ET At 13D 9,,519.1 28.5 0.0 ...

IlASTECH PllAllMCEUTICAl a) COC 731 81728JO BASIL PROPERTIES 13D 6I2II9J 15.0 0.0 ...

RCDWI & REIISIIAII CAP .... COC 4.16 77U7710 GELlER MAIlSIIALLS 13D 9/1519.1 10.0 5.2 weAIE

VEGA BIOTECIIIOlOGIES lilt COC 1,564 9DW610 BIOTECH PARTIIERS ET At 13D 4, 6I9J 17.2 15.4 weAIE

NElla) COC "'- ..,10 SIIOEII EDUARDJ ET At 13D 9/719.1 SO.2 SO.1 weAlE

NEIl I CAlI MIZE PRODS a) CLA 2.1'4 az,SHaJ ARCIIER DAIIIELS "I~ 13D 9/719.1 M.' _.6 .....lE

ARMIIIMD RXIDS DISTIIETI(II COC" PM 1.1Ot IU16M8 GRlIIER .ICII D ET At 13D IIMI9S 1O.a 11.6 n.....

u.cERS LI FE HlDG CDIP COC 13.516 1Ii6ZZ910 I CH aJRP ET At 13D 9/1119.1 •• 4 •• 4 weAn

BlosaJtCE IIITL lilt COCIEW II59IItO ROCKIES FUD lit 13D 9,,519.1 7.0 0.0 lEW -

CAlllRIDGE IIOlDIIGS ale '.04 '321.,0PUSEY GREGORYET At f]D 9,1419.1 45.5 '.5 .....

CARVERCDIP WUII COC .. ~10 TUEEDY ... a) L P ET At ,» 9,.19.1 6.7 0.0 lEW

CIRCA PllAllMCBlTICAlS lie IDI ',ItS 1nwstt FlDELIn IIITL L1D QD '/1I9J 5.1 5.6 IIIMn

CIRCA PIIARMCEIITICAlS lit COC ',1I9J '.- '7lII511 flit aJRP ,3D 5.1 5.6 ....n

EIIGRAPH IIIC IDI • 2PJD1I EIIVOYHLDGS lilt MD-' '!16I9J 1.1 1.1 ..

FlIISH LINE lie CLA 5'J'IIStI aJIIEII AI..AII I -"In D .. 1 f]D ./7,. -4.1 I.. ..

FlIISH LINE IIIC CLA S,JatI nAPPER DAVID I ~ D .. , 1» ./7,. 4.1 1.1 .. -

fOCI)ARMA SlJIE8IMICETS IIIC ale ,. 5W81O

ABBEY ART_ I 1» 1131/9J 6.2 1.1 ...

NEWS DIGEST, September 20, 1993 9

ACQUISITIONS CONT.

+

!WI • QUI II' 'T'R"'" ". EVEIIT PATE

s.I(OOO)1

!I'WI! aliiPI FlLlII

PlICII mTUI

!ftC lit 'NEEDY .... CD L PETAl.

CDI 131) 9/9/93 '" 40426410

9.4 7.1 lJIMTE

IDB alIP

&MCO IIIVEITCIII III: CIIIII

ET AI. 131) 9/15/93 2,412 19.7

45199510 20.1 lJIMTE

IMPERIAL JIETROlBIII IJCREJII .aMES 8

CDI 13D 1/27/93

1,500 7.1

45307810 0.0 lEU

IMPERIAL JIETROlBIII WILSON ~FFIEY T

CIIIII 13D 1/27/9l

5,20024.7

45307810 0.0 lEU

IIiTEGRATED SfS lit CHAOALfRED ET AI.

CDI 13D 9/7/9l

734 46599410 1.3 1.7 UPDATE

IIiTEGRATED PIOCEIS BIll' CP IIALIWJF IWlOLD C ET AI.

CIIIII 13D 9/ 3/9l

546 48599310 31.5 0.0 lEU

IIITEGRATED PROCESS BIIIIt CP ClKllCZYllSlCI EDIUI) ET AL

CIIIII 13D 9/3/9l

(JR

6.6 48399310

0.0 lEU

MEIITORCORP III. All CORP

CDI 13D 9J10/9l

1.374 12.9

58718810 n.6 UPDATE

PDA EIIGIMEERIIIG All CORP

alii 13D 91 ISJ93

418 69326810 4.7 5.9 UPDATE

PILGRIMS PRIDE a.P ARCIIER DMIELS IlIDUID

alii 13D 9J 7/9l

5.475 19.8

72146710 18.1 UPDATE

SllWlETICS a.P tIEl TIICMAS0

alii 13D II 6/9l

123 83444510 7.4 7.2 UPDATE

I.UTED FASIIUIIS lit CPO ASSOC L PETAl.

alii 13D 8130/9l

340 91024810 5.1 51.0 UPDATE

lIIlTED FASIIUIIS lit GRAPESTAR a.cIIEJITS

alii 13D 8130/9l

2.414 41.4

91024810 0.0 lEU

lIIlTED FASIIICIIS lit IESA ET ASSOCIES S A

alii 13D 8130/9l

1m 14.3

91024810 23.5 UPDATE

10 NEWS DIGEST, September 20, 1993

J

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/oramendments to 8-K reports previously filed. responding to the item(s) of the formspecified. Copies of the reports may be purchased from the Commission's PublicReference Room (when ordering. please give the date of the report). An invoice willbe included with the requested material when mailed .

STATE • ITBI 10. lAME Of ISSUER ..... _ .......... -.;'_ .......... ----_ .............. _ ........ -_ ....----_ .. CIJ)E 1234567a

---------------DATE CDMEIIT

---------------SEARS IUtT SEC CDtP ADJ IT IUtT PAS TIIlO DE X x 01116193 SEARS IOtT SEC CDtP ADJUST RATE ... PAS DE X x 01116193 SEARS IUtT SEC CDtP ADJUST RATE ... PAS DE X X 01116193 SEARS IUtT SEC CDtP ADJUST RATE IUtT PA DE X X 01116193 SEARS IUtT SEC CDtP lraT PASS TIIlO caT DE I X 01116/93 SEARS IUtT SEC CDtP ... T PASS TIItO CERT DE X X 01131/93 SEARS IUtT SEC CDtP 1IJl..1 a. Ira PAS T. DE X X 01116/93 SEARS lraT SEC IDIP 10.T a.A lraT PAS TN DE X X 01116193 SEARS IUtT SEC IDIP 10.TI ClASS Ira PAS DE X X 01116/93 SEARS lraT SEC IDIP 10.TI ClASS Ira PAS DE X X 01116/93 SEARS IUtT SEC IDIP .... TI ClASS Ira PAS DE X X 01116/93 SEARS IUtT SEC IDIP 10.TI ClASS Ira PASS DE X X 01116/93 SEARS IUtT

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01116/93 01131/93

SEARS IUtTGAGAE SEC IDIP 10. a.A Ira PAS X X 01116193 SEARS IUtTGAGE SEC CD 10. a.A Ira PAS T X X 01116193 SEARS IUtTGAGE SEC IDIP ADJ RAT Ira PAS DE X X 01116/93 SEARS IUtTGAGE SEC CDtP COfI ID PAS r. DE X X 01116/93 SEARS _TGAGE SEC IDIP COfI Ira PAS T. DE I X 01116/93 SEARS IUtTGAGE SEC IDIP 11.1 a. ID PA TN C DE X X 01116/93 SEARS IUtTGAGE SEC IDIP 11.1 a. ID PA TN C DE I X 01131/93 SEARS IUtTGAGE SEC IDIP 10. Cl. IUt PAS T DE I X 01116/93 SEARS IUtTGAGE SEC IDIP 10. Cl. IUtT PAS I X 01116193 SEARS IUtTGAGE SEC CDtP 10.' Cl. IUtT PAS DE X x 01116/93 SEARS IUtTGAGE SEC CDtP 10.TI Cl. IUtT PA DE X X 01116193 SEARS SAVIIIGS BAlIK IUtT PASS T.a caT S CA I X 01116/93 SEQIlITlZED ASSET SALES lie

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07130/93 01125/93 fW/O'l./93 01123/93 fW/fB/93 fW/fB/93 fWlOIV93

NEWS DIGEST, September 20. 1993 11

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8K REPORTS CONT.

STATE ar ITER 10.lINE Of ISSUER cmE 12345678 DATE aJIEIIT

SOFT\MRE DEVELOPERS co IICIDEI DE X rJ9/fB/95 SOOTHWEST AIRLlIES co TX x rJ9/13/95 STEPHAI m FL x X 0BI31/95 STItJCTIJlED ASSET SEC CORP COLL MORT (111.1 X X a&n5/95 STRUCTURED ASSET SEC CORP MUlTI ClA PAS T 10 ITEIIS a&n5/95 STRUCTURED ASSET SEC CORP TR I I I COLLA II X x CI8I2O/95 STRUCTURED MORTGAGE ASSET RES TRUST SER DE X x a&n5/95 TEa..SEH PROOUCTS co III X X a&n5/95 TEXAm INC DE X x rJ9/13/95 TOOD SHIPYARDS CORP DE X x rJ9/10/95 TWCHSTOIE APPLIED ASSOCIATES IIC IIY X rJ9110/93 TRIIITY SIX IIC DE X X rJ9/fB/93 TROY LEASE IICOE L P DE X rJ9/01/95 UCI MEDICAL AFFILIATES INC DE X rJ9/01/95 UGI CORP /lEW1 PA X 07/15/93A11E11) a.lITRII INC DE X rJ9/rJ9/95 UTAH REsaJRCES llTEllATIOIAl IIC UT X x rJ9/fB/95 VIAaJI IIC DE X X rJ9112J93 VIACQt I.TERICATJmw. I.CIDE DE X x 09/12/93 YASH UIGTOI GAS LI GHT m DC X X rJ9/01/95 !oEST MASS BAIIKSHARES IIC IIA 10 lTEIIS 0Ii24/93 !oESTERN IlASSACHUSETTS ELECTRIC co IIA X 06130/95 WILLARD PEASE OIL & GAS co IV X x rJ9/10m 21ST CENTURY FIlii CORP DE 10 lTEIIS 0BI30/93 lIIET SYSTEMS IIC IDEI DE X X rJ9/10/93

12 REVS DIGEST, September 20, 1993