U.S. SECURITIES AND EXCHANGE COMMISSION

   LITIGATION RELEASE NO. 16326 / October 4, 1999

   Securities and Exchange Commission v. Jeffrey Spiegel, 99 Civ. 10204
   (S.D.N.Y.)

   The Securities and Exchange Commission today filed a complaint in the
   United States District Court for the Southern District of New York
   against Jeffrey Spiegel ("Spiegel") of New York, New York. The
   Complaint alleges that Spiegel engaged in insider trading in advance
   of public announcements concerning the securities of eight publicly
   traded companies Owen Healthcare, Inc.; Health Images, Inc.,;
   Starsight Telecast, Inc.; American Medical Response, Inc.; Ontrak
   Systems, Inc.; Reading & Bates Corp.; Rohr, Inc.; and Georgia-Pacific
   Corp. Spiegel also recommended the securities to certain family
   members and entered into a tipping arrangement with a friend and
   trading partner. According to the Complaint, Spiegel received tips
   containing material nonpublic information concerning the securities of
   these eight companies from his ex-girlfriend, Tina Eichenholtz.
   Eichenholtz had herself received these tips from Jeffrey Streich, who
   had received them from Marisa Baridis, a former employee in the
   compliance departments of two Wall Street investment firms who had
   access to confidential information concerning the firms' clients. The
   Complaint alleges that Spiegel, trading in the securities of four
   companies, realized illegal trading profits of $66,281 based on the
   tips from Eichenholtz. Spiegel also received between $25,000 and
   $50,000 in cash in exchange for the tips he provided to his friend and
   trading partner. Of that amount, Spiegel gave Eichenholtz
   approximately $11,000. Spiegel's tippees collectively traded in all
   eight of the securities and realized total profits of approximately
   $917,925.

   Simultaneous with the filing of the Complaint, Spiegel consented,
   without admitting or denying the allegations in the Complaint, to the
   entry of a Final Judgment enjoining him from future violations of
   Section 10(b) and 14(e) of the Exchange Act and Rule 10b-5 and Rule
   14e-3 thereunder, and requiring him to disgorge illegal trading
   profits of $984,206.84, plus prejudgment interest. Based on his
   demonstrated inability to pay the full disgorgement amount, all but
   $99,469 of his disgorgement amount was waived.

   For information about related matters, see Lit. Rel. No. 16227 (Aug.
   2, 1999); Lit. Rel. No. 15741 (May 15, 1998); Securities Exchange Act
   Rel. No. 40787 (Dec. 14, 1998); Securities Exchange Act Rel. No. 40788
   (Dec. 14, 1998); Lit. Rel. No. 15990 (Dec. 3, 1998); Lit. Rel. No.
   16090 (Mar. 18, 1999); Securities Exchange Act Rel. No. 41182 (Mar.
   18, 1999); Securities Exchange Act Rel. No. 41220 (Mar. 29, 1999).