UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No. 15444 / August 15, 1997

     SECURITIES AND EXCHANGE COMMISSION V. DHIREIN PATEL, U.S. District
Court
     for the Eastern District of Michigan, Civil Action No. 97-CV-74151
(E.D.
     Mich. August 13, 1997)

          The Securities and Exchange Commission announced that on August
13,
     1997, it filed a Complaint for Permanent Injunction in the United
States
     District Court for the Eastern District of Michigan against Dhirein
Patel,
     a resident of Troy, Michigan.  The Complaint alleges that Patel,
while
     employed at CUC International, Inc., a company based in Stamford,
     Connecticut, engaged in trading of stock in Advance Ross Corporation
while
     in possession of material, nonpublic information concerning CUC's
proposed
     acquisition of Advance Ross.  Advance Ross was formerly a publicly
held
     company based in Chicago, Illinois and is now wholly-owned by CUC.

          Patel has consented, without admitting or denying the allegations
in
     the Complaint, to the entry of Final Judgment and Order of Permanent
     Injunction which will enjoin him from future violations of Section
10(b) of
     the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.  The
Final
     Judgment will also require Patel to disgorge his profits of $10,390
plus
     prejudgment interest and to pay a civil penalty of $10,390 pursuant
to
     Section 21A of the Exchange Act.

          In its Complaint, the Commission alleges that in late September
or
     early October of 1995, Patel, who was CUC's Director of Taxes, was