U.S. SECURITIES AND EXCHANGE COMMISSION


     Litigation Release No. 15663 / March 10, 1998

     SECURITIES AND EXCHANGE COMMISSION V. SUNBELT DEVELOPMENT CORPORATION,
     WENDELL ROGERS, DONALD HAMMOND, AND WILLIE DAVIS (Civil Action No. 1:
97-
     CV-1387, W.D. La.)

     The Securities and Exchange Commission announced that, on February 24,
     1998, the Honorable F.A. Little, United States District Judge for the
     Western District of Louisiana, Alexandria Division, entered a default
     judgment against defendant Willie Davis ( Davis ) 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 Davis enjoining
him
     from further violations of Sections 5 and 17(a) of the Securities Act
of
     1933 and Sections 15(a) and 10(b) of the Securities Exchange Act of
1934
     and Rule 10b-5 thereunder. Davis was also ordered to pay disgorgement
in
     the amount of $236,500, and prejudgment interest thereon, representing
the
     ill-gotten gains he received from the scheme. Disgorgement is to be
paid
     within 30 days of the date of the Court s order.  Davis was also
ordered to
     pay a civil penalty, which will be determined at a later date, upon
motion
     by the Commission.

     The Commission's complaint, dated July 15, 1997, alleged that
violations of
     the antifraud provisions of the securities laws by Davis and his co-
     defendants occurred between mid-1993 and mid-1994. During that time,
Davis,
     who is or was a minister, misrepresented or omitted material facts when