UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 41873 / September 14, 1999

   ADMINISTRATIVE PROCEEDING
   File No. 3-10012

   In the Matter of

   Dominic Scacci,
   Respondent.
   ORDER INSTITUTING
   ADMINISTRATIVE PROCEEDINGS
   PURSUANT TO SECTION 15(b)
   OF THE SECURITIES
   EXCHANGE ACT OF 1934, MAKING
   FINDINGS AND IMPOSING
   REMEDIAL SANCTIONS

   I.

   The Securities and Exchange Commission (Commission) deems it
   appropriate and in the public interest that public administrative
   proceedings be instituted pursuant to Section 15(b) of the Securities
   Exchange Act of 1934 (Exchange Act) against Respondent Dominic Scacci
   (Scacci or Respondent).

   II.

   In anticipation of the institution of these proceedings, Scacci has
   submitted an Offer of Settlement (Offer) for the purpose of resolving
   these proceedings, which Offer the Commission has determined to
   accept. Solely for the purpose of these proceedings and any other
   proceedings brought by or on behalf of the Commission or to which the
   Commission is a party, Respondent, by his Offer, consents to the entry
   of this Order Instituting Proceedings Pursuant to Section 15(b) of the
   Securities Exchange Act of 1934, Making Findings and Imposing Remedial
   Sanctions (Order), admits the jurisdiction of the Commission and,
   without admitting or denying the findings set forth herein, except
   with respect to paragraph III.C., below, which is admitted, consents
   to the entry of the findings and remedial sanctions set forth below.

   Accordingly, it is ordered that proceedings pursuant to Section 15(b)
   of the Exchange Act be, and hereby are, instituted.