Hi ,v Sec News Di T

hi,vLIBRARYsec news di tl. ue 87-120.June 26, 19871ELA1D 1lA11IIIMDDIIBH'l'S PROPOSBD TO THE FREEDOM OF INFORMATION ACTThe Co.-ission is proposing revision. to 17 CFR 200.80 and certain appendices theretowhich will (1) conform the rules to changes to the Freedom of Information Act made byCongress in amendments passed on October 27, 1986, (2) ensure that as much as possibleof the -direct cost- incurred in operating he Commis.ion's Freeda. of Info tionAct program is recouped while affording cer ain categories of requesters access torecords at reduced cost, (3) clarify the statutory basis for dissemination of information filed with the Commission pursuant to various securities atatutes, and (4)correct outdated information in the present rules.Comments should be submitted in triplicate to Jonathan G. Katz, Secretary, Securitiesand Exchange commission, 450 Fifth Street, NW, Washington, DC 20549. comments muat bereceived on or before 30 days following publication in the Federal Regi.ter and referto File No. S7-26-87. All submissions will be available for inspection in the Ca.aission's Public Reference Room. (ReI. 33-6721)FOR FURTHER INFORMATION CONTACT:s.John D. Beine at (202) 272-7444comnsCOMMISSION TO HOLD ROUNDTABLEON SAVINGS AND LOAN INDUSTRY ISSUESThe Commission will hold a roundtable discussion on savings and loan industry issueson July 8, 1987 from 2:00 p.m. to 4:00 p.m. in the Commission Meeting Room, RoomlC30, 450 5th Street, NW, Washington, DC.The Commission is interested in improving communications with the savings and loanindustry.Congress has also expressed interest in increased dialogue between thecommission and the savings and loan industry. Issues to be discussed include butwill not be limited to accounting issues, corporate governance and proxy solicitationrules, signature guarantees and proliferation of financial instruments.The discussion will also include trends in financial performance and corporate structure withinthe savings institution sector. (Press Release 87-39)FOR FURTHER INFORMATIONCONTACT:Kerry F. Hemond at (202) 272-2428CIVIL PROCEEDINGSCOMPLAIH'l'NAMBS RALPH C. WIH'l'BRAND EDWARD V. GALLAGHERThe Philadelphia Regional Office filed a complaint on' June 2S in the D.S. DistrictCourt for the Bastern District of Pennsylvania for injunctive relief against Ralph C.Winter and Bdward V. Gallagher.Without admitting or denying the allegations, Wintersimultaneously consented to a Final Judgment of Permanent Injunction, which wasentered by Judge Tbomas N. O'Neill, Jr.The complaint alleges vioiations of the securities laws in connection with the impro.per recognition of revenue by Kellett Corporation.Specifically, the complaintalleges that Gallagher and Winter created fictitious documents and caused Kellett toprepare and file with the Commission materially false and misleading annual reporta onPorm 10-1t for fiscal years ending December 31, 1983 .and 1984 and five quarterly reportson Fora 10-0. Kellett's reports overstated revenue by 400,000. The complaint alaoalleges that Winter and Gallagher violated the Foreign Corrupt Practices Act by lyin9to Kellett's auditors and inducing the auditors to approve the recognition of revenueby presentin9 them with false documents.(SIC v. Bdward V. Gallagher and Ralph Winter,BDPA, Civil Action No. 87-3904).(LR-11471; AABR-139)

INVESTMENT COMPANY ACT LEASESCERBRAL BOMES MORTGAGE SECURITIES,INC.An order has been issued on an application filed by General Homes Mortgage Securities,Inc. (GBMS), on its own behalf and on behalf of certain iSBuers to be formed (FutureIssuers), and its parent, General Homes corporation, exempting GHMS and the FutureIssuers from all provisions of the Investment Company Actin connection with theissuance and sale of mortgage-backed securities and, in certain circumstances, thesale of equity interests.(ReI. IC-15822 - June 24)LIFETIME GLOBAL EQUITY TRUSTAn order has been issued exempting Lifetime Global Equity Trust from Section 12(d)(3)of the Investment Company Act in connection with its purchase of securities of majorJapanese securities companies.(ReI. IC-15823 - June 24).PARTNER WEALTH FUND I, L.P.A notice has been issued giving interested persons until July 17 to request a hearingon an application filed by Partner Wealth Fund I, L.P. requesting an order grantingexemption from all provisions of the Investment Company Act and granting confidentialtreatment for certain documents in connection with its operation as an employees'securities company.(ReI. IC-15824 - June 24)SELF IULATORY ORUNlZAnONSNOTICE OF PROPOSED RULB CBANGBThe New York Stock Bxchange filed a proposed rule change under Rule 19b-4 (SR-NYSE-8718) that will permit members and member organizations to maintain telephone lines atbooth locations to communicate from the trading floor with non-members located offthe trading floor. The proposed rule change also prohibits the use of portable telephones on the trading floor. Publication of the proposal is expected to be made inthe Federal Register during the week of June 29. (ReI. 34-24625)APPROVAL OF PROPOSBD RULB CHANGBSThe Commission approved proposed rule changes filed by: The National Association ofSecurities Dealers (SR-NASD-87-27) relating to the ·eligibility criteria for isaueraof NASDAQ NatIonal Market System securities.(Rel. 34-24632)i The Aaerican StockBxchange and The New York Stock Exchange (SR-Amex-86-6; SR-NYSB-86-1.) thit permitsthe exchanges to waive or modify certain corporate governance and interim financialdisclosure listing standards for foreign companies.(ReI. 34-24634)i and The Philadelphia Stock Bxchange (SR-Phlx-87-14) to create a foreign currency options committee.(ReI. 34-24636)APPROVAL OF AMENDMBNTSTO TRANSACTIONREPORTING PLANThe Commission approved amendments to the National Association of Securities Dealers'Transaction Reporting Plan respecting NASDAQ/National Market System securities.(ReI. 34-24633)SECUIIlIES ACT REIISTRATIONSThe following registration statements have been filed with the SBC under the Securities Act of 1933. The reported information appears as follows: Porm, Name, Addressand Phone Number (if available) of the issuer of the securitYi Title and the numberand/or face amount of the securities being offered, Name of the managing underwriteror depositor (if applicable); File number and date filed, Assigned Branch; and adesignation if the statement is a New Issue.S-18POWERSTARJNC. 1l3 6 EASTMANST. IRVINE. tA 92114 (71 J 261-5371CO"MON STOCK. (FILE 33-14963-0 - JUN. 10. (aR. 5J( 1.200,000JS-1SVNTRO CORP IDE/. 10655 SORRENTO VALLEY RO, SAN DIEGO, CA 91221 (619' 5 OOO48 , 6 ( 812,038.80.COMMON STOCK. (FILE 33-1 961 - JUN. III (IR. 7)2- 83,000,000. DIGlS , JaDe 26, "87

S-6NUVEE TAX EXEMPT U IT TRUST INSURED SERIES 125, 333 WACKER DR,C/O JOH UVEEN , CO INC, CHICAGO, IL 60606 - INDEFINITE SHARES. DEPOSITOR:NUVEEN J HN , CO INC. (FILE 33-15056 - JUN. 11. IBR. 18 - NEW ISSUE.S-lGNAC 1981-0 GRANTOR TRUST, 3 4 GRAND BLVD, DETROIT, MI 8202 (313) 556-5000323,361,368 (5323,3t1,368.23) PASS-THROUGH MORTGAGE-BALKED CERTIFICATE. UNDERWRITER:SALOMON BROTHERS INC. (FILE 33-15051 - JUN. 18' (BR. 13 - NE. ISSUE)S-6SEARS TAX EXEMPT INVI TR CA MUN PORT INTERM LON5 TERM SER 15, 130 LIBERTY ST,CIO oe,AN WITTER REYNOLDS INC. NEw YORK. NY 10006 - 8,800 (19,152.000'UN,IT INVfSIMENT TRUST. (FILE 33-15058 - JUN. 181 (BR. 16 - NEW ISSUE.S-6SEARS TAX EXEMPT INVESTMENT TRUST INSURED CALIFORNIA SERS 29, 130 LIBERTY ST,CIO DEAN WITTER REYNOLDS INC, NEW YORK, NY 10006 - 16,500 ( 11.160,O 0)UNIT INVESTMENT TRUST. CFILE 33-15059 - JUN. 18) C8R. 16 - NEW ISSUE.S-6SEARS TAX EXEMPT INVESTMENT TRUST CA MUN PORT SER 39, 130 LIBERTY ST.DEAN WITTER REYNOLDS INC. NEW YORK, NY 10006 - 11,000 1 11.440,000.UNIT INVESTMENT TRUST. (FILE 33-15060 - JUN. 18. 18R. 22 - NEW ISSUE.S-8WRI LfY WILLIAM JR CO, 10 N MICHIGAN AVE, CHICAGO, IL 60611 (312' 644-212124,500,000 1524,500,0001 OTHER SECURITIES INCLUDING VOTING TRUST. 480,000COMMON STOCK. (flLE 33-15061 - JUN. 18. UR. 13.S-1wltHITA INDUSTRIES INC. 1801 CALIfORNIA ST - STE 410 , DENVER. to 8 l02(303' 293-8161 - 1,510.000 119,630,000' COMMO STOCK. 5,840.000 1 10,6D5,OOOICOMMON STOCK. 580,000 15580,0001 COMMON STOCK. (FILE 33-15088 - JUN. 16' 18R. 111S-3MATlEL INC 10EI, 5150 ROSECRANS'AVE, HA.THOR E, CA 90250 12131 918-515015,000,000 ( 15,000,000) STRAIGHT BONOS. UNDERWRITER: DREXEL BURNHAM LAMBERT INC.(FILE 33-15094 - JUN. 16' CaR. IIIS-8WNS INC, PO BOx 4586, HOUSTON. TX 11210 (113) 890-5900 - 262,500 ('3,281,250)COMMON STOCK. (FILE 33-15QC;8 - JUN. 16) (SR. 11S-8 NS INC, PO BOX 586, HOUSTON, TX 11110 (113) 890-5900 - 125,ODO ( 1,562.500.COMMON STOCK. (FILE 33-15099 - JUN. 161 (8R. 11S-8ERa INDUSTRIES INC, 5940 W TOUHY AVE, CHICAGO, IL 606 8 1312. 263-3100 - 195,000(,2,328.000) COMMON STOCK. IflLE 33-15101 - JUN. 16) (8R. 1.S-4AMERltAN 8AN ORPORATION 10HI, 1025 MAIN STSTe 800, WHEELING, WV 2600613041 233-5006 - 900,000 112. 66,0001 COMMON STOCK. (fILE 33-15103 - JUN. 161 (BR.ciaIIS-6SHEARSON LEHMAN BROTHERS UNIT TRUSTS HIGH YIELD TAX SERIES 6,AMERICAN ExPRESS TWR - WORLD FIN'L CNTR, cia SHEARSON LEHMAN BROTHERS INC. NEW YORK. Nl10285 - INDEFINITE SHARES. DEPOSITOR: SHEARSON LEHMAN BROTHERS INC. IfILE 33-15106JUN. 16. 18R. 18 - NEW ISSUE.S-lAMERICAN MUSEUM Of HISTORICAL DOCUMENTS CHARTEREO/NY/. PROMENADE STE,3601 W SAHARA AVE, LAS VEGAS, NV 89102 1102. 36 -1000 - 1,200,030 (14,944,000'COMMON STOCK. (fiLE 33-15113 - JUN. 11. CSR. 1.N-5elK ASSOCIATES FUNDING tORP, 600 THIRD AVE STe 3810. NEW YORK, NY 10)161212) 912-8550 - 189,192 1 1,992.818.60. COMMON STOCK. 159,169 COMNON STOCK.33-15114 - JUN. 11' (8R. 18.(FILES-8RAYCHEM toRP, 300 CONSTITUTION DR, MENLO PARK. CA 9 025 (4151 361-6521 - 810,000( 95,371,5001 COMMON STOCK. (FILE 33-15111 - JUN. 171 18R. 5.s-aROGERS CORP, ONE TECHNOLOGY DR, ROGERS. CT 06263 12031 114-9605 - 35,000(,829,062.50' COMMON STOCK. IFILE 33-15119 - JUN. 11. 18R. 3.S-lCATALYST ENERGY CORP, 180 MAIDEN LN, NEW YORK, NY 10038 (2121 968-1100115,000.000 ( 115.000,0001 CONVERTI8LE DEBENTURES AND NOTES. UNDERWRITERSDREXEL BURNHAM LAMBERT INC, HANIfEN IMHOFf INC. MERRILL LYNCH CAPITAL "ARKETS.33-15121 - JUN. 17. CBR.8.S-6IFILETAX EXEMPT SECURITIES TRUST SERIES 2b6, 1345 AVE OF THE AMERICAS.C/O SMITH BARNEY MARRIS UPhAM' to INC, NEW YORK, NY 10105 - 2,400 ( 2.500.000)UNIT INVESTMENT TRUST. DEPOSITOR: DREXEL BURNHAM LAMBERT INC,KIDDER PEABOOY , co INC, ROTHSCHILO L F & CO INC, SMITH BARNEY HARRIS UPHAM' CO I C.CFJLf 33-15122 - JUN. 11) caR. 16 - NEW ISSUE)BIIfS DIGBS'l'JUDe26,19873