U.S. SECURITIES AND EXCHANGE COMMISSION


          Litigation Release No.  16077 / March 5, 1999

          SECURITIES AND EXCHANGE COMMISSION v. PATRICK L. ANTRIM, DAVID
          HUDSON III, LORETTA ANTRIM and MICHAEL S. WHITNEY, Civil Action
          No. 98-535 GLT (EEx) (C.D. Cal.)

               The Securities and Exchange Commission announced that on
          February 19, 1999 the Honorable Gary L. Taylor of the United
          States District Court for the Central District of California
          entered a Final Judgment against defendants Patrick L. Antrim
          ("P. Antrim") and Loretta Antrim ("L. Antrim").  P. Antrim, age
          49 and a resident of Trabuco Canyon, California, was an officer,
          director, co-founder and 50% shareholder of The Ostrich Group,
          Inc. ("Ostrich Group"), a now defunct entity, which was located
          in Irvine, California.  L. Antrim, age 71 and a resident of
          Irvine, California, was an officer of Ostrich Group and is the
          mother of P. Antrim.  The Final Judgment permanently enjoins P.
          Antrim and L. Antrim from future violations of the antifraud and
          broker-dealer registration provisions of the federal securities
          laws, and orders P. Antrim and L. Antrim to pay disgorgement in
          the amount of $819,108.61, plus prejudgment interest.

               In its Complaint, the Commission alleged that the Antrims
          fraudulently raised $819,108.61 from approximately 83 investors
          throughout several states from late 1995 until June 1997 through
          the offer and sale of investment contracts for the sale and
          boarding of ostrich breeder birds.  The money raised from
          investors was to be used to purchase, board and breed ostriches,
          and the Antrims promised fabulous returns from the sale of
          ostrich offspring to meat processing plants.  However, the
          Defendants misuesd investors' funds by spending most of the money
          on themselves and their family members instead of purchasing and
          boarding ostriches.  The Final Judgment enjoins the Antrims from
          future violations of Section 17(a) of the Securities Act of 1933,
          Sections 10(b) and 15(a) of the Securities Exchange Act of 1934,
          and Rule 10b-5 thereunder.