SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C.

          Litigation Release No. 15695 / April 7, 1998

          SECURITIES AND EXCHANGE COMMISSION v. JULIA PECK MOBLEY
          Civil Action No. 94-1294 (WBB) (D.D.C.)

          The Securities and Exchange Commission today announced the
          settlement of a civil injunctive action that the Commission filed
          against Julia Peck Mobley.  The Honorable William B. Bryant,
          Senior United States District Judge, District of Columbia,
          entered a final judgment of permanent injunction and other relief
          against defendant Mobley on April 6, 1998.
          In its complaint, filed June 13, 1994, the Commission alleged
          that Mobley engaged in insider trading by purchasing shares of
          the common stock of MidSouth Corporation after she was tipped
          about pending merger negotiations between MidSouth and Kansas
          City Southern Industries, Inc. by co-defendant Sydney Probst, a
          lobbyist employed by Kansas City Southern. Probst previously
          settled the Commission's case against her.  The complaint further
          alleged that Mobley provided material, nonpublic information to
          co-defendant Rosamond S. Brown about the pending merger
          negotiations, and that she recommended that another individual
          purchase MidSouth common stock while the merger negotiations were
          taking place. (See Litigation Release No. 14123, dated June 13,
          1994).

          Mobley consented, without admitting or denying the allegations in
          the complaint, to a final judgment permanently enjoining her
          against future violations of Section 10(b) of the Securities
          Exchange Act of 1934 and Rule 10b-5 thereunder, and ordering that
          she pay a total amount of $48,692.98, consisting of $18,088 in
          disgorgement of trading profits, prejudgment interest thereon of
          $8,716.98, and a civil penalty of $21,888, which is equal to the
          total trading profit made by Mobley and her tippees.

          Separately, co-defendant Rosamond S. Brown has also settled this
          case with the Commission. (See Litigation Release No. 15696,
          dated April 7, 1998).