SECURITIES AND EXCHANGE COMMISSION

   Litigation Release No. 16668 / August 30, 2000

   SECURITIES AND EXCHANGE COMMISSION v. LEWIS ALLEN RIVLIN, EDWIN EARL
   HULING III, AND ALFRED HUASCAR VELARDE, AS DEFENDANTS; AND Z-FINANCE,
   S.A., ANTHONY P. ZIOUDAS, HEDLEY FINANCE LTD., CHRISTIAN DANTE, AND
   CHRYSANTHOS CHRYSOSTOMOU, AS RELIEF DEFENDANTS, Civil Action No.
   99-1455 (RCL) (U.S. District Court for the District of Columbia)

   The Securities and Exchange Commission today announced that on August
   29, 2000, the Honorable Royce C. Lamberth of the United States
   District Court for the District of Columbia entered a Final Judgment
   of Permanent Injunction and Other Relief as to Defendant Edwin Earl
   Huling III in which Huling, without admitting or denying the
   allegations against him, consented to be enjoined from violations of
   the broker-dealer registration provisions of Section 15 of the
   Securities Exchange Act of 1934, and the provisions of Sections
   17(a)(2)-(3) of the Securities Act of 1933, and to pay a civil money
   penalty of $15,000.

   The Commission's enforcement case against Defendant Lewis Allen Rivlin
   remains pending (see also Litigation Releases Nos. 16593 (June 15,
   2000), 16389 (Dec. 13, 1999), and 16179 (June 8, 1999)).
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Modified 08/30/2000