SECURITIES AND EXCHANGE
          COMMISSION

          SEC v. Gorman K. Wong, Civil Action No. 99-01094  (W.D. Wash.
          1999)

          Litigation Release No. 16061 / February 12, 1999

               The Securities and Exchange Commission ("Commission") today
          filed an insider trading case against an employee of Physio-
          Control International Corporation ("Physio-Control").  The
          complaint alleges that Gorman K. Wong, age 32, of Bellevue,
          Washington used nonpublic information about Physio-Control’s
          impending acquisition by Medtronic, Inc. ("Medtronic") when
          buying Physio-Control stock in June 1998.

               The Commission alleged that in May 1998, Wong, who had been
          asked to prepare information used during the merger negotiations,
          was told by Physio-Control’s senior management that Medtronic
          would very likely acquire Physio-Control.  The Commission further
          alleged that Wong used the inside information concerning the
          acquisition in purchasing a total of 1775 shares of Physio-
          Control common stock during June 1998.  When the acquisition was
          publicly announced on Monday, June 29, 1998, Physio-Control’s
          common stock increased in price by over 14 percent, from $23.00
          on Friday, June 26, 1998, to $26.25 on June 29, 1998, enabling
          Wong to earn a profit of $8,068.75 from his insider trading.

               Wong voluntarily contacted the Commission about this matter.
          He has cooperated fully with the Commission’s investigation and
          has provided the Commission staff with helpful information.  He
          has agreed to settle the case by consenting, without admitting or
          denying the allegations of the complaint, to the entry of a
          judgment permanently enjoining him from future violations of
          Section 10(b) of the Securities Exchange Act of 1934 and Rule
          10b-5 thereunder and to the payment of $16,237.31, including
          $8,068.75 in disgorgement of profits, prejudgment interest of
          $99.81, and a civil penalty of $8,068.75.

               The Commission acknowledges the assistance of NASD
          Regulation, Inc., in this matter.