UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release 15395 / June 25, 1997

     SEC v. J. Scott Eskind
     (Civil Action No. 1: 97-CV-1790-CAM, N.D. Ga.)

          The Securities and Exchange Commission announced today that on
June
     23, 1997, the Honorable Charles A. Moye, Jr., United States District
Judge
     for the Northern District of Georgia, entered an order of preliminary
     injunction and other relief as to defendant J. Scott Eskind ("Eskind"),
of
     Atlanta, Georgia.  The order enjoins and restrains Eskind from
violating
     Section 17(a) of the Securities Act of 1933, Section 10(b) of the
     Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Section
206
     of the Investment Advisers Act of 1940.  The Court ordered a freeze
of
     assets held or controlled by Eskind. The Court further ordered Eskind
to
     prepare a sworn accounting of all monies received from the scheme and
of
     the disposition and use of said funds.  The accounting is to be
submitted
     to the Court within 20 days of the date of the Court's order.

          Eskind consented to the relief without admitting or denying the
     allegations set forth in a complaint, filed by the Commission on June
20,
     1997.  In its complaint, the Commission alleged that, between November
1994
     and May 1996, Eskind was secretary and treasurer of Tower Asset
Management
     ("Tower"), the general partner and investment adviser of Asset
Management
     Fund, L.P. ("Asset Management"), a limited partnership formed for the
     purpose of investing in securities.  In or before April 1996, Eskind
     misappropriated or converted approximately $246,000 of Asset
Management's
     assets, and concealed his actions by falsifying the partnership's