I sec news digest

LIBRARY'"

Issue 92-225 November 20, 1992 c s SECUD

EXCHA/'Ir:! ,,,ITIES \;IE COMMI§S'Q'!

NOTICB OF COMKISSION HBBTINGS

Following is a schedule of Commission meetings which will be conducted under provisions of the Government in the Sunshine Act. In general, the Commission expectsto follow a schedule of holding closed meetings on Tuesdays, and open meetings on Thursday mornings. Meetings on Wednesdays, and if necessary on Thursday afternoons,will be either open or closed according to the requirements of agenda items under consideration.

Visitors are welcome at all open meetings, insofar as space is available.

Meetings will be held in the Commission Meeting Room, Room lC30, at the Commission's headquarters building, 450 Fifth Street, N.W., Washington, D.C. Persons wishing to : ,photograph or videotape Commission meetings must obtain permission in advance from r, . the Secretary of the Commission. Persons wishing to tape record a Commission meetingshould notify the Secretary's office 48 hours in advance of the meeting. .'

CLOSED MEETING - MONDAY. NOVEMBER 23. 1992 - 2:30 P.M.

The subject matter of the November 23 closed meeting will be: Institution of injunctive actions; Institution of administrative proceeding of an enforcement nature;Settlement of injunctive action; Settlement of administrative proceeding of an enforcement nature; and Opinions.

j OPEN MEETING - TUESDAY. NOVEMBER 24. 1992 - 10:00 A.M.

I The subject matter of the November 24 open meeting will be: Consideration of whether to adopt amendments to the net capital rule, Rule l5c3-l The amendments would raise the minimum net capital required of registered broker-dealers. The amendments would also standardize the deductions in arriving at net capital for equity securities and would relieve broker-dealers of certain aggregate

Iindebtedness charges. FOR FURTHER INFORMATION CONTACT: Roger G. Coffin at (202) 272-7375.

AT TIMES CHANGES IN COMMISSION PRIORITIES REQUIRE ALTERATIONS IN THE SCHEDULING OF

MEETING ITEMS. FOR FURTHER INFORMATION AND TO ASCERTAIN WHAT, IF ANY, MATTERS HAVE

I BEEN ADDED, DELETED OR POSTPONED, PLEASE CONTACT: Kaye Williams at (202) 272-2400 l

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RULES AND RELATED MATTERS

ADOPTION OF RULE 3a-7

The Commission adopted new Rule 3a-7 under the Investment Company Act of 1940. Rule 3a-7 conditionally excludes issuers that pool income-producing assets and issue securities backed by those assets (structured financings) from the definition of investment company under the Act. FOR FURTHER INFORMATION CONTACT: Rochelle Kauffman or Elizabeth Krentzman at (202) 272-2048. (ReI. IC-19l05)

CIVIL PROCEEDINGS

CIVIL ACTION AGAINST G. ALFRED ROENSCH, OWEN STEPHENSON, PACIFIC EQUITIES CORPORATION,ARIZONA TRUST, DALLAS INVESTMENT TRUST, PHOENIX INVESTMENT TRUST AND ELECTRONIC MEDICAL MANAGEMENT, INC.

The Commission announced that on September 30, 1992 a complaint was filed in the Northern District of California seeking injunctive and other equitable relief againstG. Alfred Roensch, Owen K. Stephenson, Pacific Equities Corporation, Arizona Investment Trust, Dallas Investment Trust and Phoenix Investment Trust alleging that they committed violations of Sections 5(a), 5(c) and l7(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgatedthereunder in connection with the fraudulent offer and sale of unregisteredsecurities. Electronic Medical Management, Inc. was named as a defendant solely to obtain full and adequate monetary relief.

The complaint alleges that the defendants (except for Electronic Medical Management,Inc.) participated and effected a scheme to sell $1,425,000 worth of unregisteredElectronic Medical Management, Inc. securities. As part of the scheme, theydisseminated false and misleading profiles of Electronic Medical Management, Inc. that among other things substantially overstated the company's projected revenues over a five year period. [SEC v. G. Alfred Roensch, Owen K. Stephenson, Pacific Equities Corporation, Arizona Investment Trust, Dallas Investment Trust, Phoenix Investment Trust and Electronic Medical Management, Inc., Civil Action No. C 92-3969, DLJ, N.D. Cal.] (LR-13437)

INVESTMENT COMPANY ACT RELEASES

CALIFORNIA DAILY TAX FREE INCOME FUND, INC. ET AL.

A conditional order has been issued on an application filed by California Daily Tax Free Income Fund, Inc., et al , under Section 6(c) of the Investment Company Act exempting applicants from the provisions of Sections 18(f), l8(g), and 18(i) of the Act. The exemptions apply to the extent necessary to permit applicants to issue two

2 NEWS DIGEST, November 20, 1992

classes of shares representing interests in the same investment portfolio. The two classes will be identical in all respects except for differences relating to class designations, the allocation of certain expenses, voting rights and exchangeprivileges. (ReI. IC-19104 - November 18)

HOLDING COMPANY ACT RELEASES

NEW ENGLAND ELECTRIC SYSTEM

A supplemental order as been issued authorizing New England Electric System (NEES), a registered holding company, to extend until December 31, 1996 the time in which it may issue and sell up to an aggregate of 2,192,122 shares of its common stock to the NEES Companies Incentive Thrift Plan. (ReI. 35-25678; 70-7573)

NEW ENGLAND ELECTRIC SYSTEM

A supplemental order as been issued authorizing New England Electric System (NEES), a registered holding company, to extend until December 31, 1996 the time in which it may issue and sell up to an aggregate of 81,409 shares of its common stock to the NEES Companies Employees' Share Ownership Plan. (ReI. 35-25679; 70-6938)

ENTERGY CORPORATION, ET AL.

An order has been issued authorizing Entergy Corporation (Entergy), a registeredholding company, and its operating public-utility subsidiary companies, Arkansas Power & Light Company (AP&L), Louisiana Power & Light Company (LP&L), Mississippi Power & Light Company (MP&L), New Orleans Public Service Inc. (NOPSI) collectively, OperatingCompanies), System Energy Resources, Inc. (SERI), Entergy Operations, Inc., (EOI),System Fuels, Inc., and Entergy Services, Inc., (Services), to finance their interim capital needs through the Entergy system money pool through November 30, 1994. The Operating Companies and SERI also propose to issue short-term notes to banks and commercial paper to dealers through November 30, 1994. EOI and Services proposethrough November 30, 1994 to borrow up $15 million and $90 million, respectively, from Entergy and/or banks pursuant to loan agreements. Entergy proposes to guarantee EOI's and Services' obligations under the loan agreements. The proposed borrowing limits are: $255 million for AP&L; $259 for LP&L; $113 million for MP&L, $43 million for NOPSI; $238 million for SERI; $65 million for SFI; $90 million for Services; and $15 million for EOI. (ReI. 35-25680)

LISTING, DELI STING AND UNLISTED TRADING ACTIONS

WITHDRAWAL SOUGHT

A notice has been issued giving interested persons until December 10, 1992 to comment on the application of Ocean Optique Distributors, Inc. to withdraw its Common Stock,No Par Value, from listing and registration on the American Stock Exchange. (ReI.34-31481)

3NEWS DIGEST, November 20, 1992

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SELF-REGULATORY ORGANIZATIONS

PROPOSED RULE CHANGE

The American Stock Exchange filed a proposed rule change (SR-Amex-92-35) to establish requirements for the trading of options on narrow-based indexes so that index optionsmeeting those requirements in the future may be traded on the Exchange without further Commission review. Publication of the proposal is expected in the Federal Registerduring the week of November 23. (Rel. 34-31474)

SECURITIES ACT REGISTRATIONS

The following registration statements have been filed with the SEC under the Securities Act of 1933 The reported information appears as follows: Form, Name, Address and rhone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managinguriderw ri rer or depositor (if applicable); File number and date filed; Assigned Branch; and a deslgnation if the statement is a New Issue.

$-4 NATIONAL REHABILITATION CENTERS INC /TN, 1'1 WESTWOOD STE 210, BRENTWOOD, TN 37027 (615) 377-2937 - 3.329,657 ($10.854,681) COMMON STOCK. (FILE 33-54392 - NOV_ 12)(BR. 6)

S-8 INPUT OUTPUT INC, 4235 GREENBRIAR DRIVE, STAFFORD, TX 77477 (713) 240-2200 -

450,000 ($5,006,250) COMMON STOCK. (FILE 33-54394 - NOV. 12) (BR. 8)

S-8 SYMANTEC CORP, 10201 TORRE AVE, CUPERTINO, CA 95014 (408) 253-9600 - 3,200,000

($37.841,958) COMMON STOCK. (FILE 33-54396 - NOV. 12) (BR. 10)

5-8 MARCUM NATURAL GAS SERVICES INC/NEW, WORLD TRADE CNTR, 1675 BROADWAY STE 2200,

DENVER, CO 80202 (303) 592-5555 - 1,550,000 ($6,360,700) COMMON STOCK. (FILE 33-54398

NOV. 12) (BR. 6)

5-8 WEINGARTEN REALTY INVESTORS /TX/, 2600 CITADEL PLZ DR, HOUSTON, TX 77008 (713) 866-6000 - 209,190 ($7,373,947) COMMON SHARES OF BENEFICIAL INTEREST. (FILE

33-54402 - NOV. 12) (tiR. 6)

5-8 WEINGARTEN REALTY INVESTORS /TX/, 2600 CITADEL PLZ DR, HOUSTON, TX 77008 (713) 866-6000 - 100,000 ($3,525,000) COMMON SHARES OF BENEFICIAL INTEREST. (FILE

33 -54404 . NOV. 12) (B:l. 6)

S-8 CARRlftGE INDUSTRIES INC, S INDUSTRIAL BLVD, CALHOUN, GA 30701 (706) 629-9234 -

30,000 ($366,750) COMMON STOCK. (FILE 33-54410 - NOV. 12) (BR. 7)

S·8 CARRIAGE INDUSTRIES INC, S INDUSTRIAL BLVD, CALHOUN, GA 30701 (706) 629-9234 -

50,000 ($611.250) COMMON STOCK. (FILE 33-54412 - NOV. 12) (BR. 7)

5-8 FIRST MICHIGAN BANK CORP. ONE FINANCIAL PLAZA, HOLLAND, MI 49423 (616) 392-9200 50.000 ($1,106,250) COMMON STOCK. (FILE 33-54414 - NOV. 12) (BR. 2)

NEWS DIGEST, November 20, 1992

REGISTRATIONS CONTINUED

S-8 AMERICAN P~R CONVERSION CORPORATION, 132 FAIRGROUNDS RD, WEST KINGSTON, RI 02892 (401) 789-5735 - 825,000 ($32,381,250) COMMON STOCK_ (FILE 33-54416 - NOV. 12)

(BR. 7)

S-8 TRIDEX CORP, 215 MAIN ST, WESTPORT, CT 06880 (203) 226-1144 - 300,000 ($1,762,500)COMMON STOCK. (FilE 33-54418 - NOV. 12) (BR. 10)

5-8 DATA 1/0 CORP, 10525 WilLOWS RD NE, REDMOND, WA 98073 (206) 881-6444 - 330,000($1,387,980) COMMON STOCK. (FILE 33-54422 - NOV. 13) (BR. 8)

5-8 MICROTERRA INC, 621 N W 53RD ST STE 370, BOCA RATON, FL 33487 (407) 997-2280 -200,000 ($250,000) COMMON STOCK. (FILE 33-54442 - NOV. 13) (BR. 8)

5-1 CHAMPION INDUSTRIES INC, 2450 FIRST AVE, POBOX 2968, HUNTINGTON, WV 25728 (304) 528-2791 - 1,150,000 ($10,350,000) COMMON STOCK. UNDERWRITER:

FERRIS BAKER WATTS INC. (FilE 33-54454 - NOV. 10) (BR. 11 - NEW ISSUE)

S-1 GBC TECHNOLOGIES INC, 444 KELLEY DR, BERLIN, NJ 08009 (609) 767-2500 - 1,150,000($12,650,000) COMMON STOCK. UNDERWRITER: FOLEY MUFSON H~ & CO,RAYMOND JAMES & ASSOCIATES INC. (FILE 33-54456 - NOV. 10) (BR. 9)

S-4 PERKIN ELMER CORP, 761 MAIN AVE, NORWALK, CT 06859 (203) 762-1000 - 10,922,580($321,233,077) COMMON STOCK. (FilE 33-54460 - NOV. 10) (BR. 8)

5-3 CABlETRON SYSTEMS INC, 35 INDUSTRIAL WAY, EAST ROCHESTER, NH 03867 (603) 332-9400 -2,300,000 ($164,018,750) COMMON STOCK. (FILE 33-54466 - NOV. 12) (BR. 9)

S-1 ULTRALIFE BATTERIES INC, 1350 RTE 88 SOUTH, POBOX 622, NEWARK, NY 14513 (315) 332-7100 - 1,725,000 ($15,525,000) COMMON STOCK. UNDERWRITER: ,PENNSYLVANIA MERCHANT GROUP LTD. (FILE 33-54470 - NOV. 12) (BR. 3 - NEW ISSUE) I.

~ 5-3 ENZON INC, 40 KINGSBRIDGE RD, PISCATAWAY, NJ 08854 (908) 980-4500 - 1,840,000

($46,000,000) PREFERRED STOCK. (FilE 33-54472 - NOV. 12) (BR. 4)

S-8 ENCORE WIRE CORP /DE/, 1410 MILLWOOD ROAD, MCKINNEY, TX 75069 (214) 548-9473 -349,340 ($625,319) COMMON STOCK. (FILE 33-54484 - NOV. 12) (BR. 6)

5-8 MDU RESOURCES GROUP INC, 400 N FOURTH ST, BISMARCK, NO 58501 (701) 222-7900 . 800,000 ($20,350,000) COMMON STOCK. (FilE 33-54486 - NOV. 12) (BR. 8)

5-8 BENTON Oil & GAS CO, 300 ESPLANADE DR STE 2000, OXNARD, CA 93030 (805) 981-9901 -2,700,000 ($17,574,970) COMMON STOCK. (FILE 33-54488 - NOV. 12) (BR. 3)

5·4 FIRSTAR CORP/WI, 777 E WISCONSIN AVE, MILWAUKEE, WI 53202 (414) 765-4321 - 30,000($9,374,100) COMMON STOCK. (FILE 33-54490 . NOV. 12) (BR. 1)

N-1A CMA MULTI STATE MUNICIPAL SERIES TRUST, POBOX 9011, PRINCETON, NJ 08543 (609) 282-3319 - INDEFINITE SHARES. (FILE 33-54492 - NOV. 12) (BR. 17)

S-3 NORTHERN TELECOM LTD, 3 ROBERT SPECK PKWY, MISSISSAUGA ONT CANADA L4Z 3e8, A600000 (416) 897-9000 - 500,000,000 ($500,000,000) FOREIGN GOVERNMENT AND AGENCY DEBT. (FILE

33-54494 - NOV. 12) (BR. 7)

S-8 BROWN & SHARPE MANUFACTURING CO /DE/, PO BOX 456, NORTH KINGSTOWN, RI 02852 (401) 886-2000 - 150,000 ($834,375) COMMON STOCK. (FILE 33-54496 - NOV. 12) (BR. 1)

5-2 ESSEX COUNTY GAS COMPANY, 7 N HUNT RD, AMESBURY, MA 01913 (508) 388-4000 - 225,000($5,596,875) COMMON STOCK. 5,000,000 ($5,000,000) STRAIGHT BONDS. UNDERWRITER: JONES EDwARD 0 & CO. (FILE 33-54498 - NOV. 12) (BR. 7)

5NEWS DIGEST, November 20, 1992

R[GISTRAT IONS CONTINUED

5-3 RELIANCE GROUP HOLDINGS INC, PARK AVE PLZ, 55 E 52ND ST, NEW YORK, NY 10055 (212) 909-1100 - 3,500,000 ($18,593,750) COMMON STOCK_ (FILE 33-54500 - NOV. 12)(BR. 10)

5-1 SPECIALTY RETAILERS INC IDEI, 10201 S MAIN ST, HOUSTON, TX 77025 (713) 667-5601 -16,670,000 ($16,670,000) STRAIGHT BONDS. (FILE 33-54504 - NOV. 12) (SR_ 1)

S-4 INTEGRA FINANCIAL CORP, FOUR PPG PLACE, PITTSBURGH, PA 15222 (412) 644-7515 -43,500,000 ($301,781,250) COMMON STOCK. 1,202,050 ($42,669,387_50) PREFERRED STOCK. (FILE 33-54506 - NOV. 12) (BR. 2)

5-8 CHARTER ONE FINANCIAL INC, 1215 SUPERIOR AVE, CLEVELAND, OH 44114 (216) 566-5300 -100,880 ($556,848) COMMON STOCK. (FILE 33-54508 - NOV. 12) (SR. 1)

s-3 WMS INDUSTRIES INC IDEI, 3401 N CALIFORNIA AVE, CHICAGO, IL 60618 (312) 728-2300 -57,500,000 ($57,500,000) CONVERTIBLE DEBENTURES AND NOTES. UNDERWRITER: OPPENHEIMER & CO INC. (FILE 33-54510 - NOV. 12) (SR. 6)

S-3 BANPONCE CORP, 209 MUNOZ RIVERA AVE, POPULAR CENTER BUILDING, HATO REY, PR 00918 (809) 765-9800 - 137,423 ($3,263,796) COMMON STOCK. (FILE 33-54512 - NOV. 13) (SR. 1)

S-l MB COMMUNICATIONS INC, 1000 PARK DR, LAWRENCE, PA 15055 (805) 583-8600 - 2,875,000($37,375,000) COMMON STOCK. UNDERWRITER: DONALDSON LUFKIN & JENRETTE SECURITIES C,MONTGOMERY SECURITIES. (FILE 33-54514 - NOV. 13) (SR. 10)

S·3 NIPSCO INDUSTRIES INC, 5265 HOHMAN AVE, HAMMOND, IN 46320 (219) 853-5200 -75,000,000 ($50,250,000) STRAIGHT BONDS. (FILE 33-54516 - NOV. 13) (SR. 8)

F-6 CONSORTIUM G DINA GROUP INC, 01050 MEXICO 0 F, MEXICO, 05 (525) 325-0927 -20,000,000 ($1,000,000) DEPOSITARY RECEIPTS FOR COMMON STOCK. (FILE 33-54518 -NOV. 13) (BR. 4)

S-8 UNITED PARCEL SERVICE OF AMERICA INC, 400 PERIMETER CNTR TERRACES N,GREENWICH OFFICE PK 5, ATLANTA, GA 30346 (404) 913-6000 - 7,800,000 ($140,400,000)COMMON STOCK. (FILE 33-54520 - NOV. 13) (BR. 4)

S-6 EMPIRE STATE MUNICIPAL EXEMPT TRUST GUARANTEED SERIES 92, 6 E 43RD ST, NEW YORK, NY 10017 - 320 ($320,000) UNIT INVESTMENT TRUST. DEPOSITOR: GLICKENHAUS & CO,LESENTHAL & CO INC. (FILE 33-54522 - NOV. 13) (SR. 16 - NEW ISSUE)

S-6 EMPIRE STATE MUNICIPAL EXEMPT tRUST GUARANTEED SERIES 93, 6 EAST 43RD ST, NEW YORK,NY 10017 - 320 ($320,000) UNIT INVESTMENT TRUST. (FILE 33-54524 - NOV. 13) (SR. 16 - NEW ISSUE)

5-6 EMPIRE STATE MUNICIPAL EXEMPT TRUST GUARANTEED SERIES 94, 6 EAST 43RD ST, NEW YORK,NY 10017 - 320 ($320,000) UNIT INVESTMENT TRUST. DEPOSITOR: GLICKENHAUS & CO,LEBENTHAL & CO INC. (FILE 33-54526 - NOV. 13) (BR. 16 - NEW ISSUE)

5-3 SYNETIC INC, 100 SUMMIT AVE, MONTVALE, NJ 07645 (201) 358-5300 - 299,813($11,617,753.75) COMMON STOCK_ (FILE 33-54530 - NOV. 13) (BR. 5)

5-3 NORTHERN STATES POWER CO IMNI, 414 NICOLLET MALL 4TH FL, MINNEAPOLIS, MN 55401 (612) 330-5500 - 500,000 ($20,937,500) COMMON STOCK. (FILE 33-54534 - NOV. 13)(BR. 8)

S-l TARGET THERAPEUTICS INC, 47201 LAKEWIEW BLVD, FREMONT, CA 94537 (510) 440-7700 -1,207,500 ($31,847,812) COMMON STOCK. UNDERWRITER: BROWN ALEX & SONS INC,KEMPER SECURITIES INC, PUNK ZIEGEL & KNOELL. (FILE 33-54536 - NOV. 13) (SR. 8)

I) NEWS DIGEST, November 20. 1992

REGISTRATIONS CONTINUED

s-8 UNITRODE CORP, 8 SUBURBAN PARK DR, BILLERICA, MA 01821 (508) 670-9086 - 1,000,000

($10,625,000) COMMON STOCK_ (FILE 33-54542 - NOV_ 13) (BR. 3)

S-8 UNITRODE CORP, 8 SUBURBAN PARK DR, BILLERICA, MA 01821 (508) 670-9086 - 30,000

($318,750) COMMON STOCK. (FILE 33-54544 - NOV. 13) (BR. 3)

S-8 HILCOAST DEVELOPMENT CORP, 100 CENTURY BOULEVARD, WEST PALM BEACH, FL 33417 (407) 640-3138 - 300,000 ($625,000) COMMON STOCK. (FILE 33-54548 - NOV. 10) (BR. 6)

S-3 ENGRAPH INC, 2635 CENTURY PKWY NE" ATLANTA, GA 30345 (404) 329-0332 - 888,900

($10,889,025) COMMON STOCK. (FILE 33-54550 - NOV. 13) (BR. 8)

S-4 CELLULAR INC, 5990 GREENWOD PLZ BLVD STE 300, ENGLEWOD, CO 80111 (303) 694-3234 -

1,000,000 ($11,937,500) COMMON STOCK. (FILE 33-54580 - NOV. 13) (BR. 7)

S-8 TJ INTERNATIONAL INC, 380 E PARKCTR BLVD STE 300, BOISE, 10 83706 (208) 345-8500 -

260,000 ($1,453,687.50) COMMON STOCK. (FILE 33-54582 - NOV. 13) (BR. 10)

I:!:GISTRATIONS EFFECTIVE:

DISPOSITION

NAME OF ISSUER FILE NO. DATE

AMERICAN EQUITY BANCORP INC 33-52668 11/12/92 IAMERICAN POWER CONVERSION CORPORATION 33-54416 11/12/92 I' • BELL CANADA 33-54482 11/12/92

BENTON OIL & GAS CO 33-54488 1l/12/92 " BREED TECHNOLOGIES INC 33-51868 11/12/92 1 BRENTWOOD FINANCIAL CORP /OH/ 33-52318 11/12/92BROWN & SHARPE MANlTFACTURING CO /DE/ 33-54496 11/12/92CARRIAGE INDUSTRIES INC 33-54410 1l/12/92CARRIAGE INDUSTRIES INC 33-54412 1l/12/92CHARTER ONE FINANCIAL INC 33-54508 1l/12/92CHILES OFFSHORE CORP 33-51938 1l/l3/92CLEVETRUST REALTY INVESTORS 33-46552 1l/12/92COMMUNITY BAN CORP INC/NY 33-52632 11/12/92COMVERSE TECHNOLOGY INC/NY/ 33-52832 1l/12/92DATA I/O CORP 33-54422 1l/l3/92ELAN CORP PLC 33-54272 11/l3/92ENB HOLDING CO 33-52086 11/12/92ENCORE WIRE CORP /DE/ 33-54484 11/12/92EXPLORATION CO OF LOUISIANA INC 33-41458 11/12/92FIRST ALABAMA BANCSHARES INC 33-52710 11/12/92FIRST MICHIGAN BANK CORP 33-54414 11/12/92FIRST UNION CORP 33-50436 11/12/92FIRST UNION CORP 33-51964 11/12/92FIRST UNION CORP 33-54148 11/12/92FIRST UNION CORP 33-54274 11/12/92

NEWS DIGEST, November 20, 1992 7

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P r:,;I STRATIONS EFFECTIVE CONT.

NAME OF ISSUER FILE NO.

HFB FINANCIAL CORP 33-52308

HIBERNIA CORP 33-51960

INPUT OUTPUT INC 33-54394

INTERNATIONAL FAMILY ENTERTAINMENT INC 33-52220

KANKAKEE BANCORP INC 33-51950

MARCUM NATURAL GAS SERVICES INC/NEW 33-54398

MDU RESOURCES GROUP INC 33-54486

MICROTERRA INC 33-54442

MORGAN FINANCIAL CORP 33-52670

NOISE CANCELLATION TECHNOLOGIES INC 33-51468

NORTH FORK BANCORPORATION INC 33-53058

NORTHERN STATES POWER CO /MN/ 33-54534

OMNICOM GROUP INC 33-54110

PEOPLES FINANCIAL SERVICES INC /TN/ 33-51442

PEOPLES MID ILLINOIS CORP 33:52362

PHILADELPHIA SUBURBAN CORP 33-54292

RESOURCE MORTGAGE CAPITAL INC 33-54118

ROSES STORES INC 33-49636

SATCON TECHNOLOGY CORP 33-49286

SELLECTEK INC 33-52028

SYMANTEC CORP 33-54396

TATE FINANCIAL CORP 33-50636

TENNECO INC /DE/ 33-54184

TJ INTERNATIONAL INC 33-54582

TRIDEX CORP 33-54418

UNITED PARCEL SERVICE OF AMERICA INC 33-54520

UNITRODE CORP 33-54542

UNITRODE CORP 33-54544

VAN KAMPEN MERRITT LIMITED TERM HIGH INC33-53072

WEINGARTEN REALTY INVESTORS /TX/ 33-54402

WEINGARTEN REALTY INVESTORS /TX/ 33-54404

DISPOSITION =DA""T::..:;E=--

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NEWS DIGEST, November 20, 1992

ACQUISITION OF SECORITIES

Companies and individuals must report to the Commission within ten days on Schedule l3D if after the acquisition of equity securities of a public company their beneficial interest therein exceeds five percent. Persons eligible to use the short form (Schedule l3G) may in lieu of filing a Schedule l3D file a Schedule l3G within 45 days after the end of the calendar year in which the person became subject to Section l3(d)(1). Companies and individuals making a tender offer must have on file at the time the tender offer commences a Schedule l4D-l. Below is a list of recent filings of Schedules l3D and l4D, which includes the following information: Column 1 - the company purchased (top), and the name of the purchaser; Column 2 - the type of security purchased; Column - 3 - the type of form filed; Column 4 - the date the transaction occurred; Column 5 - the current number of shares (in OOO's) owned (top) and the current percent owned; Column 6 - the CUSIP number (top) and the percent owned; and Column 7 - the status of the filing, i.e.,new, update or revision.

EVENT SHRS(OOO)/ CUSIP/ Fill NG

NAME AND CLASS OF STOCK/OWNER FORM DATE %OWNED PRIOR% STATUS

ACORN VENTURE CAP CORP COM 123 00490710

OLLENDORFF STEPHEN A 130 11/12/92 4.8 2.5 UPDATE

ACORN VENTURE CAP CORP COM 117 00490710

SAGER BERT 130 11/12/92 4.5 2.2 UPDATE • 1

r· AMDURA CORP COM NEil 1,317 02342670 ; PATRICIA INVMTS INC ET AL 130 11/12/92 10.6 10.1 UPOATE

AMERICAN COMPLEX CARE COM 6,753 02520730

TRUST SONDRA 130 10/20/92 12.9 0.0 NEil

CHEYENNE SOFTIIARE INC COM 833 16688810

RUBENSTEIN BARRY ET AL 130 11/ 9/92 5.3 7.2 UPDATE

COMPUTONE CORP COM NEil 1,250 20599410

BRISCO INVMT LTD 130 11/ 3/92 8.5 8.5 UPDATE

OEPRENYL ANIMAL HEALTH INC COM 555 24967810

SHULMAN MORTON 130 10/30/92 8.6 5.5 UPDATE

DEPRENYL RESH LTD COM 1,357 24999210

SHULMAN MORTON 130 11/ 9/92 7.9 9.2 UPDATE

DIANON SYS INC COM 313 25282610

STATE OF IIISCONSIN INVEST BD 130 11/10/92 6.1 0.0 NEil

ELECTRONIC INFORM SYS INC COM 410 28573810

GERHARD LANG H ET AL 130 11/ 9/92 8.0 0.0 NEil

GALACTIC RESOURCES LTD COM 14,125 36290310

HOMES TAKE MNG CO 130 11/16/92 19.5 20.9 UPDATE

HYDRO-FLAME CORP COM 0 44879810

ATWOOD INDS INC ET AL 130 11/19/92 N/A 0.0 NEil

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NEWS DIGEST, November 20, 1992 9

ACQUISITIONS CONT.

EVENT SHRS(OOO)/ CUSIP/ F ILING

NAME AND CLASS OF STOCK/OWNER FORM DATE %OWNED PRIOR% STATUS

INDRESCO INC COM 2,620 45590510

ORBIS INVMNT MGMT LTD ET AL 130 11/17/92 9.6 8.8 UPDATE

INTERAMERICAN CORP COM 2,884 46118410

EDWARDS JESSE G 130 10/23/92 18.9 0.0 NEW

MCCAW CELLULAR COMMUNICATION CLASS A 11,069 57946810

MCCAW KE ITH W 130 11/ 4/92 6.1 6.1 UPDATE

NEW YORK TIMES CO CLASS A 3,910 65011110

STATE OF WISCONSIN INVEST BD 130 10/26/92 5.0 0.0 NEW

PERMIAN BASIN RTY TR UNIT BEN INT 16,879 71423610

FUND AMERICAN COS 130 10{29/92 36.2 41.4 UPDATE

PHYSICIAN COMPUTER NETWORK COM 2,154 71999610

PICOWER JEFFRY ET AL 130 11/17/92 20.8 16.9 UPDATE

SAN JUAN BASIN RTY TR UNIT BEN INT 17,820 79824110

FUND AMERICAN COS 130 10/29/92 38.2 40.4 UPDATE

THERMO CARDIOSYSTEMS INC COM NON REDM 6,403 88399020

THERMO ELECTRON 140-1 11/18/92 58.0 46.5 UPDATE

UNIVERSAL HEALTH RLTY INCOME SH BEN INT 603 91399010

IDANTA PARTNERS ET AL 130 11/12/92 8.6 7.4 UPDATE

. , RECENT BK FILINGS

Form 8-K is used by companies to file current reports on the following events: Item 1. Changes in Control of Registrant.

Item 2. Acquisition or Disposition of Assets.

Item 3. Bankruptcy or Receivership.

Item 4. Changes in Registrant's Certifying Accountant.

Item 5. Other Materially Important Events.

Item 6. Resignations of Registrant's Directors.

Item 7. Financial Statements and Exhibits.

Item 8. Change in Fiscal Year.

The following companies listed have filed 8-K reports for the date indicated and/oramendments to 8-K reports previously filed, responding to the item(s) of the form specified. Copies of the reports may be purchased from the Commission's Public Reference Room (when ordering, please give the date of the report). An invoice will be included with the requested material when mailed.

1(1 NEWS DIGEST, November 20, 1992

STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 DATE COMMENT .... -------------------------------------- ................ _- .. --_ ....... ------ ... -ADVANTA CREDIT CARD MASTER TRUST ADVANTA HOME EQUITY LOAN TRUST 1992·3 ALLIED CLINICAL LABORATORIES INC ALPNET INC AMERICAN NATIONAL PETROLEUM CO AMERICAN TELEPHONE & TELEGRAPH CO AMES DEPARTMENT STORES INC ANALYSIS & TECHNOLOGY INC APPLEBEES INTERNATIONAL INC ARCHIVE CORP /DE/ARVIDA JMB PARTNERS L P "ASHLAND OIL INC AT&T CAPITAL CORP AT&T CREDIT CORP AUGAT INC AURA SYSTEMS INC BACK BAY RESTAURANT GROUP INC BALLY GAMING INTERNATIONAL INC BANKAMERICA CORP BELL ATLANTIC CORP BELL ATLANTIC FINANCIAL SERVICES INC BHC COMMUNICATIONS INC BIOTECHNICA INTERNATIONAL INC BRADLEY PHARMACEUTICALS INC BURNHAM PACIFIC PROPERTIES INC CANADIAN PACIFIC LTD CAPITAL BUILDERS DEVELOPMENT PROPERTIES CENTOCOR INC CENTURION MINES CORP CHRIS CRAFT INDUSTRIES INC CIMETRIX INC CNB BANCSHARES INC COLUMBIA GAS SYSTEM INC COMMUNICATIONS & ENTERTAINMENT CORP COMPREHENSIVE CARE CORP COMPUSONICS VIDEO CORP CORTEX PHARMACEUTICALS INC/DE/CPI CORP CRYSTAL VENTURE CORP CURAFLEX HEALTH SERVICES INC DELTA AIR LINES INC /DE/DELTA COMPUTEC INC DLJ MORTGAGE ACCEPTANCE CORP DOSKOCIL COMPANIES INC EASTERN BANCORP INC El CHICO RESTAURANTS INC ELECTROMAGNETIC OIL RECOVERY INC EMPLOYEE BENEFIT PLANS INC ERO INC EXCALIBUR HOLDING CORPORATION EXCEL INTERFINANCIAL CORP EXCEL REALTY TRUST INC EXPLORATION CO EXTEN INDUSTRIES INC FBS MORTGAGE CORP

DE UT NV NY DE CT DE DE DE KY DE DE MA DE DE DE DE DE DE DE DE NJ CA

CA PA UT DE NV IN DE NV DE CO DE DE CO DE DE NY DE DE DE TX OK DE DE DE NV CA CO DE NV

X X X X

X X NO ITEMS

X

X X X X X

X X X X X X X

X X X X

X X X

X X NO ITEMS NO ITEMS

X X X

X X X X X X X

X X X

X X X

X X X

X X X

X X X X

X X X X X

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X X

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NO ITEMS

11/06/9210/26/9210/28/9211/05/9210/27/9211/19/9211/12/9211/09/9211/01/9211/10/9211/09/9211/11/9211/19/9211/19/9211/10/9211/09/9211/11/9210/26/9211/12/9211/17/9211/17/9208/21/9212/06/9110/30/9210/29/9209/30/9211/09/9211/06/9211/11/9208/21/9203/18/9111/06/9211/12/9211/05/9211/09/9211/11/9210/30/9211/04/9209/30/9209/29/9210/22/9210/31/9210/29/9210/29/9208/28/9211;10/9210/22/9211/03/9206/30/9211/10/9209/30/9210/23/9210/29/9211/05/9210/29/92

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;

11NEWS DIGEST, November 20, 1992

8..: REPORTS CONT.

STATE SIC ITEM NO. NAME OF ISSUER ----.-----------.----------.-------------FINANCIAL BENEFIT GROUP INC IDEI FINANCIAL DATA SYSTEMS INC /DE/ FIRST BANK SYSTEM INC FIRST BANK SYSTEM INC FIRST CHICAGO CORP

COOE

DE DE DE DE DE

1 234 5 678 ..... - .. -

X X X

X X X

---------- DATE ..... -----10/Z7/9209/18/9201/22/9211/08/9211113/92

C(MIENT

AMEND

, !

"

FOLIAGE PLUS INC FOURTH FINANCIAL CORP GENDEX CORP GENERAL HOUSEWARES CORP GENZYME CORP GIANT GROUP lTD GLACIER BANCORP INC GHAC MORTGAGE CORP OF IOWA MORT PAS THR GMAC MORTGAGE CORP OF IOWA MORT PAS THR GMAC MORTGAGE CORP OF IOWA MORT PAS THR GHAC MORTGAGE CORP OF IOWA MORT PAS THR GMAC MORTGAGE CORP OF IOWA MORT PAS THR GOLD RIVER PARTNERS l P GRACE W R & CO INY/GRUBB & illlS CO HCA HOSPITAL CORPORATION OF AMERICA HEALTHDYNE INC HEALTHTEK INC HELLER FINANCIAL INC HELLER FINANCIAL INC HOME NUTRITIONAL SERVICES INC HOSPITAL CORP OF AMERICA /TNIHOUSEHOLD CREDIT CARD TRUST 1990-1 INCE IV INC INDUSTRIAL HOLDINGS INC INFINITY INC INLAND LAND APPRECIATION FUND II LP INSTANT VIDEO TECHNOLOGIES INC INTEGRA FINANCIAL CORP INTELOGIC TRACE INC INTERNATIONAL TECHNOLOGY CORP INTERNATIONAL VERONEX RESOURCES LTD INTERTAN INC

CO KS DE DE MA DE DE PA PA PA PA PA NV NY DE DE GA DE DE DE NJ TN DE CO TX CO DE DE PA NY DE

DE

X X

X X

X NO ITEMS NO ITEMS NO ITEMS NO ITEMS NO ITEMS NO ITEMS

X X

X X

NO ITEMS X X

NO ITEMS X

X X X

X X

NO ITEMS X X X X X

X

X X X X

X X X X

X X

X X X X X X X

X

X

10/29/9211/12/9208/31/9211/10/9210/29/9211/10/9208/31/9210/29/9210/29/9210/29/9210/29/9210/29/9208/28/9203/31/9211/12/9211/11/9206/30/9211/13/9211/06/9211/12/9208/28/9211/11/9211/13/9211/06/92 10/26/9211/01/9210/30/9211/06/92',/13/9211/06/9211/05/9211/03/9211/12/92

AMEND

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JESUP GROUP INC DE X 09/27/92 JONES INTERCABLE INC JONES INTERCABLE INVESTORS L P KP TEMPLETON INSTITUTIONAL OIL & GAS IN KP TEMPLETON INSTITUTIONAL OIL & GAS INC LIBERTY BANCORP INC /DELILLY Ell & CO LVI GROUP INC MAl SYSTEMS CORP MARCUM NATURAL GAS SERVICES INC/NEWMSNA AMERICA BK NATIONAL ASSO MSNA CREDI MSNA AMERICA SK NATIONAL ASSOC MSNA CRED

CO CO

TX DE IN DE DE DE

X X

NO ITEMS NO ITEMS

X

X X

X X X

X X

X X X X X

11/0219211/0219210/27/9210/27/9211/13/9211/06/9210/20/92 11/10/9210/30/92',/13/9211/13/92

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NEWS DIGEST, November 20, 1992