SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 17119 / September 6, 2001

   SEC v. Donald Barry Tamres, Civil Action No. IP-99-1767-C-Y/G (S.D.
   Indiana).

   On August 23, 2001, the Honorable Richard L. Young, U. S. District
   Judge for the Southern District of Indiana, ordered that Defendant
   Donald Barry Tamres of Carmel, Indiana pay $110,000 in civil penalties
   for running a fictitious prime bank scheme. Judge Young previously had
   granted the SEC's motion for summary judgment and permanent injunction
   against Tamres and certain relief defendants and ordered Tamres to
   repay $2.3 million to investors.

   In this case, Judge Young found that from August 1998 through February
   1999, Tamres had run a fictitious prime bank investment scheme called
   the Asset Enhancement Program. Judge Young found that Tamres
   misrepresented that the prime bank "investment" he was promoting would
   provide a risk-free return of $1,500,000 in six weeks for an initial
   investment of $30,000. Tamres invoked the name of the United States
   Federal Reserve to cloak his program with an air of legitimacy. Tamres
   also misrepresented to investors that the investments were guaranteed
   by a prime European insurance company. Instead of investing the funds
   entrusted to him, Tamres used the funds to pay off other investors or
   to buy houses, cars and other items for himself and his family. Based
   upon his findings, Judge Young held that Tamres violated the antifraud
   and registration provisions of the federal securities laws. As a
   result, Judge Young permanently enjoined Tamres from violating the
   federal securities laws and ordered Tamres to disgorge $2.3 million of
   his ill-gotten gains and pay a civil penalty of $110,000. Information
   about prime bank investment schemes is available on the SEC's web site
   (www.sec.gov).

   Judge Young has appointed James Knauer of Kroger, Gardis & Regas, 111
   Monument Circle, Suite 900, Indianapolis, Indiana 46204, as receiver
   in this case.

   See previous Litigation Release No. , November 23, 1999.
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Modified 09/06/2001