UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15751 / May 20, 1998

     SECURITIES AND EXCHANGE COMMISSION v. ACCELERATED FUNDING MORTGAGE
CORP.,
     LAUREN D. BAUMANN, BALI FINANCIAL, INC., and ODYSSEY FINANCIAL GROUP,
INC.,
     3:98CV1190-D, USDC, ND/TX (Dallas Division)

          The Commission announced today that it had obtained an emergency
     restraining order halting the fraudulent money raising efforts of
Lauren
     D. Baumann,  Accelerated Funding Mortgage Corp. ( Accelerated Funding
),
     Bali Financial, Inc. ( Bali Financial ), and Odyssey Financial Group,
Inc.
     ( Odyssey Financial ).   According to the Commission s complaint, Ms.
     Baumann and the other defendants raised at least $5 million from the
sale
     of promissory notes and investment contracts to investors in at least
four
     states.  Investors were told that their investments would earn rates
of
     return ranging from 101-273%, depending on the amount invested, and
that
     their investment was  low-risk.   The complaint also alleges that the
     defendants are engaged in a Ponzi scheme whereby monies received from
new
     investors are being used to pay high rates of return to earlier
investors.
     Moreover, instead of using investors  funds to purchase secondary deeds
of
     trust as represented, the complaint alleges that defendant Baumann
     misappropriated at least $300,000 of investor funds for her personal
use.

          The temporary restraining order entered on May 19, 1998, by Judge

     Sidney A. Fitzwater, enjoins the defendants and their principals from
     violating the securities laws, freezes their assets, requires them to
     account for investor monies, and provides for the appointment of a
     receiver.  The order also freezes the assets of relief defendants
Balance