UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No.  15772 / June 9, 1998

     SEC V. TED  MONG, S.D. Ohio, C2-96-989, filed September 30, 1996

     The Commission announced the entry of an Order of Permanent Injunction
and
     other Equitable Relief (Order) against Ted E. Mong (Mong).  Mong
consented
     to the entry of the Order without admitting or denying the allegations
of
     the Complaint.

     In its Complaint, the Commission alleged that Mong, through Liberty
Bell Association, Inc.
      (Liberty Bell) and McKenzie Matthew, Inc. (McKenzie) raised more than
$1.6 million by
      selling promissory notes to investors from approximately March 1993
until August 1995.
      Mong, the Commission alleged, misrepresented the risk of investing in
the promissory notes
      sold by Liberty Bell and McKenzie, the return investors would receive
and the use of
      investor proceeds.  In particular, the Commission alleged that
individuals who purchased
      promissory notes from Liberty Bell and McKenzie were told that
investor funds would be
      loaned to successful companies, that investors could earn up to a 230%
return on their
      investment and that their funds were completely secured by U.S.
Government bonds,
      government securities and real estate equity.  Instead, the Commission
alleged that
      Liberty Bell and McKenzie directed investor funds to two struggling
companies that used
      investor funds for operating capital, while the promised collateral
for investor funds did
      not exist.  Most of the investors who bought promissory notes from
Liberty Bell and
      McKenzie lost nearly their entire investment.  The Commission also
alleged that Mong sold