SECURITIES AND EXCHANGE COMMISSION
                                   WASHINGTON, D.C.

     Litigation Release No.15450/August 20, 1997

     SEC v. Jozef A.C. van Stratum
     (Civil Action No. 1:95-CV-2007-RCF, N.D. Ga.)

          The Securities and Exchange Commission announced that on August
12,
     1997, the Honorable Richard C. Freeman, United Sates District Judge for
the
     Northern District of Georgia, entered a Default Judgment against Jozef
A.C.
     van Stratum ("van Stratum") for failing to respond to a complaint filed
by
     the Commission seeking a permanent injunction, disgorgement and civil
     penalties.

          An order of permanent injunction was entered against van Stratum
     enjoining him from further violations of Section 10(b) of the Exchange
Act
     of 1934 and Rule 10b-5 thereunder.  Van Stratum was also ordered to
pay
     disgorgement in the amount of $36,789.67, representing losses avoided
and
     prejudgment interest.  Van Stratum was further ordered to pay a civil
     penalty under the Insider Trading Sanctions Act of 1984 in the amount
of
     $28,000, within 45 days of the date of the judgment.

          The Commission's complaint, filed on August 9, 1995, alleged that
van
     Stratum, a former officer and director of Crown Anderson, Inc.
("Crown"),
     sold Crown stock while in possession of material non-public
information
     concerning the performance of Crown.  Van Stratum was the managing
director
     of Montair Anderson, b.v. ("Montair"), a wholly owned subsidiary of
Crown.
     The Commission contends that at least by June 15, 1993, van Stratum
was