SEC NEWS DIGEST

Issue 2002-84                                                     May 1, 2002

COMMISSION ANNOUNCEMENTS

COMMISSION MEETINGS

     Following  is a schedule of Commission meetings which will be  conducted
     under  provisions of the Government in the Sunshine Act.  Meetings  will
     be  scheduled  according  to  the requirements  of  agenda  items  under
     consideration.

     Open meetings will be held in the Commission Meeting Room, Room 1C30, at
     the   Commission's  headquarters  building,  450  Fifth  Street,   N.W.,
     Washington, D.C.  Visitors are welcome at all open meetings, insofar  as
     space   is  available.   Persons  wishing  to  photograph  or  videotape
     Commission meetings must obtain permission in advance from the Secretary
     of  the Commission.  Persons wishing to tape record a Commission meeting
     should notify the Secretary's office 48 hours in advance of the meeting.

     Any  member  of the public who requires auxiliary aids such  as  a  sign
     language  interpreter  or material on tape to attend  a  public  meeting
     should  contact Rochelle Franks, Office of Administrative and  Personnel
     Management,  to  make arrangements.  Ms. Franks can be  reached  at  TTY
     number (202) 942-9558.  If you are calling from a non-TTY number, please
     call the Relay Service at 1-800-877-8339.
     
     Closed meetings will be held on Tuesday, May 7, 2002, at 1:00 p.m.,  and
     Wednesday, May 8, 2002, at 1:00 p.m., and an open meeting will  be  held
     on Wednesday, May 8, 2002, at 9:30 a.m.

CLOSED MEETING - TUESDAY, MAY 7, 2002 - 1:00 P.M.
     
     The  subject matter of the closed meeting scheduled for Tuesday, May  7,
     2002,  will  be:   Formal  orders  of  investigation;  Institution   and
     settlement  of  injunctive actions; and Institution  and  settlement  of
     administrative proceedings of an enforcement nature.
     
OPEN MEETING - WEDNESDAY, MAY 8, 2002 - 9:30 A.M.
     
     The  subject matter of the open meeting scheduled for Wednesday, May  8,
2002, will be:
     
     1.   The  Commission  will  consider whether to  approve  proposed  rule
          changes  submitted  by the New York Stock Exchange,  Inc.  and  the
          National  Association  of  Securities  Dealers,  Inc.  relating  to
          research analyst conflicts of interest.
     
     2.   The  Commission  will consider whether to adopt  rules  to  require
          foreign issuers to file electronically through the Electronic  Data
          Gathering,  Analysis, and Retrieval system (EDGAR) their securities
          documents,  including  Securities Act registration  statements  and
          Exchange Act registration statements and reports.  The rules  would
          apply to both foreign private issuers and foreign governments.
     
     3.   The  Commission will hear oral argument on an appeal by  Daniel  R.
          Lehl, et al., from the decision of an administrative law judge.

CLOSED MEETING - WEDNESDAY, MAY 8, 2002 - 1:00 P.M.
     
     The subject matter of the closed meeting scheduled for Wednesday, May 8,
     2002, will be:  Post argument discussion.
     
     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 been added, deleted or  postponed,  please
     contact:  The Office of the Secretary at (202) 942-7070.

COMMISSION PROPOSES DISCLOSURE REQUIREMENT AND TAKES OTHER ACTIONS  AT  APRIL
30, 2002 OPEN MEETING

     On April 30, Commission voted 3-0 to approve the following matters.  An 
     audio webcast of the proceedings is available on the SEC Web site.

     Proposed Disclosure Requirement in Management's Discussion and Analysis 
     About the Application of Critical Accounting Policies

     The  Commission  proposed  a  disclosure requirement  for  companies  to
     include  a  separately-captioned section regarding  the  application  of
     critical  accounting  policies  in  the  "Management's  Discussion   and
     Analysis" (MD&A) section of annual reports, registration statements  and
     proxy   and   information  statements.   The  Application  of   Critical
     Accounting  Policies section would encompass both disclosure  about  the
     critical  accounting estimates that are made by the company in  applying
     its  accounting policies and disclosure concerning the initial  adoption
     of an accounting policy by a company.
     
     Critical Accounting Estimates

     The  proposals define an accounting estimate recognized in the financial
     statements as a "critical accounting estimate" if:

       *  the accounting estimate requires the company to make assumptions about
          matters that are highly uncertain at the time the accounting estimate is
          made; and

       *  different estimates that the company reasonably could have used in the
          current period, or changes in the accounting estimate that are reasonably
          likely to occur from period to period, would have a material impact on the
          presentation of the company's financial condition, changes in financial
          condition or results of operations.

     To  inform investors of each critical accounting estimate, and to  place
     it  the  context  of  the  company's  financial  condition,  changes  in
     financial  condition  and  results of operations,  the  proposals  would
     require the following information in the MD&A section:
  
       *  A discussion that identifies and describes the estimate, the methodology
          used, certain assumptions and reasonably likely changes;
       
       *  An explanation of the significance of the accounting estimate to the
          company's financial condition, changes in financial condition and results of
          operations and, where material, an identification of the line items in the
          company's financial statements affected by the accounting estimate;
       
       *  A quantitative discussion of changes in line items in the financial
          statements and overall financial performance if the company were to assume
          that the accounting estimate were changed, either by using reasonably
          possible near-term changes in certain assumption(s) underlying the accounting
          estimate or by using the reasonably possible range of the accounting
          estimate;

       *  A quantitative and qualitative discussion of any material changes made
          to the accounting estimate in the past three years, the reasons for the
          changes, and the effect on line items in the financial statements and overall
          financial performance;

       *  A statement of whether or not the company's senior management has
          discussed the development and selection of the accounting estimate, and the
          MD&A disclosure regarding it, with the audit committee of the company's board
          of directors;
       
       *  If the company operates in more than one segment, an identification of
          the segments of the company's business the accounting estimate affects; and

       *  A discussion of the estimate on a segment basis, mirroring the one
          required on a company-wide basis, to the extent that a failure to present
          that information would result in an omission that renders the disclosure
          materially misleading.

     The  proposals  also would include a requirement that  companies  update
     this  part of the required disclosure to show material changes in  their
     quarterly reports.

     Initial Adoption of Accounting Policies

     The  proposals  envision the addition of disclosure in  annual  reports,
     registration  statements and proxy information  statements  regarding  a
     company's  initial  adoption of an accounting policy if  the  accounting
     policy  was  adopted in the past year and had a material impact  on  the
     company's financial condition, changes in financial condition or results
     of operations.  Companies would be required to disclose:
     
       *  The events or transactions that gave rise to the initial adoption;
     
       *  The accounting principle that has been adopted and the method of
          applying that principle;
     
       *  The impact on the company's financial condition, changes in financial
          condition and results of operations (discussed on a qualitative basis);
     
       *  If the company is permitted a choice between acceptable principles, an
          explanation that it had made such a choice, what the alternatives were, and
          why it made the choice it did (including, where material, qualitative
          disclosure of the impact on the company's financial presentation that the
          alternatives would have had; and
     
       *  If no accounting literature exists that governs the accounting for the
          events or transactions giving rise to the initial adoption, an explanation of
          its decision regarding which accounting principle to use and which method of
          applying that principle to use.

     Comments on the proposed disclosure requirements are due within 60  days
     following publication in the Federal Register.
     
Proposed Amendments for Section 31 Fees for Security Futures

     The   Commission  proposed  amendments  to  Rule  31-1  to  clarify  how
     assessments  and fees are to be calculated by exchanges and associations
     under  Section 31 of the Securities Exchange Act of 1934 (Exchange  Act)
     with respect to security futures.

     The  proposal would amend the preamble to Rule 31-1 to clarify: (1) that
     a  "round  turn"  transaction on a security future is a completed  trade
     involving the simultaneous purchase and sale of a contract of  sale  for
     future  delivery  by  the two parties to the trade  and,  (2)  that  the
     assessment  is  applied on each purchase and sale of each  contract  for
     future delivery.
     
     In  addition,  the proposed amendments would clarify the application  of
     paragraphs (b) and (c) of Section 31 of the Exchange Act, which  require
     exchanges  and  associations to pay a fee based on the aggregate  dollar
     amount  of  sales of securities.  At physical settlement of  a  security
     future a sale of the underlying security occurs.  The proposed amendment
     to Rule 31-1 would clarify how, and under what circumstances, fees based
     on  the dollar amount of such sale of securities resulting from physical
     settlement of a security future, should be calculated and paid.
     
     Finally,  the  proposed  amendments would permit  The  Options  Clearing
     Corporation  to  pay  Section  31 assessments  and  fees  on  behalf  of
     exchanges and associations in the same manner in which it currently does
     for options transactions.
     
     Comments  on  the proposed amendments are due within 30  days  following
     publication in the Federal Register.

     Proposed  Rule  and  Amendments for Transactions of  Investment  Companies
     With Portfolio and Subadviser Affiliates
     
     The  Commission proposed a new rule and several rule amendments  governing
     exemptions  for  transactions  between  investment  companies  and   their
     affiliated  persons.   The  Investment Company  Act  of  1940  (1940  Act)
     contains  a  number of provisions that prevent persons who  may  be  in  a
     position  to take advantage of an investment company (fund), from entering
     into   transactions  or  arrangements  with  the  fund.    These   include
     prohibitions  on  "affiliated transactions" and "joint transactions"  with
     affiliated persons.
     
   The  1940 Act, however, gives the SEC authority to issue orders and  adopt
   rules  permitting  these  transactions when the  SEC  determines  that  an
   exemption  is  "necessary  or  appropriate  in  the  public  interest  and
   consistent with the protection of investors."  The Commission proposed  to
   codify  in a new rule and amendments to several current rules a number  of
   orders  that  have  been issued to funds permitting affiliated  and  joint
   transactions  with two types of affiliates.  The rule and rule  amendments
   would  eliminate the need for funds to obtain individual exemptive orders,
   in  the  following circumstances that are not likely to raise the concerns
   that the Act was intended to address.
     
   1. Transactions with Portfolio Affiliates.  Currently, SEC rules permit a
      fund to enter into transactions with a company that is affiliated with the
      fund as a result of the fund's ownership interest in the company.  This type
      of affiliated person is unlikely to be in a position to take advantage of the
      fund.  The Commission is proposing that the rules be expanded to permit funds
      to enter into transactions and arrangements with companies that are similarly
      affiliated with other funds in the fund complex.  This is largely a technical
      change  necessitated because the current exemptive rule  pre-dated  the
      widespread organization of mutual funds into fund complexes.
      
   2. Transactions with Subadviser Affiliates.  Fund advisers  are  also
      "affiliated persons" of a fund.  As a result, an adviser to a fund cannot
      engage in transactions with the fund (or any other fund in the fund complex)
      such  as selling securities to the fund, which would be a form of self-
      dealing.   The  SEC has, however, issued a number of orders  permitting
      subadvisers to enter into transactions and arrangements with other funds in
      the complex that other subadvisers advise.  These transactions do not involve
      self-dealing because the subadviser participating in the transaction is not
      the subadviser making the decision on behalf of the fund to enter into the
      transaction.   The  SEC orders and the recommended rules  prohibit  the
      subadvisers from discussing securities transactions with each other  to
      prevent reciprocal arrangements.
      
     The Commission proposed these changes because many advisers today are-or
     are  affiliated  with-broker-dealers and underwriters.  Currently,  once
     such  an adviser becomes a subadviser of a fund, all of the other  funds
     in   the   fund  complex-even  if  they  are  advised  by  a   different
     subadviser-are precluded from entering into a range of transactions with
     the adviser/broker-dealer unless they obtain an exemptive order from the
     SEC, or can rely on the SEC's exemptive rules.
     
     Comments  on  the proposed rule and amendments are due  within  60  days
     following publication in the Federal Register.
     
     Amendments of Rule for Acquisition of Securities During the Existence of
     an Underwriting or Selling Syndicate

     The  Commission also adopted amendments to rule 10f-3 of the  Investment
     Company  Act  of 1940, which allows a fund that has certain affiliations
     with  an  underwriting  participant to  purchase  securities  during  an
     offering.  The amendments expand the exemption provided by the  rule  to
     permit   a  fund  to  purchase  U.S.  government  securities  (including
     securities  issued by government-sponsored entities (i.e., GSEs))  in  a
     syndicated offering.  These amendments will become effective on May  10,
     2002.
       
     
     Amendment of Rule for Delegation of Authority to the Secretary

     The  Commission amended its delegation rules to streamline  the  process
     for administrative proceedings against securities professionals.
     
     The   federal   securities   laws  permit  the   Commission   to   start
     administrative  proceedings against securities  professionals,  such  as
     registered  representatives of broker-dealers who have been enjoined  by
     courts from violating specified laws or have been convicted of specified
     crimes.   In  many cases, when the Division of Enforcement  first  seeks
     Commission  authorization  to  begin an injunctive  action  in  district
     court,  it  also  seeks  authority to bring a follow  on  administrative
     proceeding  based  on the anticipated injunction or a conviction.   This
     follow  on  administrative action must, of course, be delayed until  the
     successful completion of the district court litigation.
     
     The  amended  delegation rule will streamline the process for  beginning
     the  administrative proceedings after the entry of the court  injunction
     or  criminal  conviction.  It will permit the Commission's Secretary  to
     issue an order instituting the proceedings as soon as the injunction  or
     conviction  has  been  entered.  Further, in cases  where  a  respondent
     consents  to  the  maximum relief available-a bar  from  association-the
     amended  rule  authorizes the Secretary to issue a settled order  making
     findings  and  imposing sanctions.  This will expedite consideration  of
     these routine matters.  (Press Rel. 2002-58)
     
SEC SETS INVESTOR SUMMIT, INVITES PUBLIC PARTICIPATION
     
     Chairman  Harvey  L. Pitt today announced the date and  format  for  the
     SEC's  first-ever  Investor  Summit.  The summit  will  be  held  in-and
     webcast  from-Washington, D.C. on Friday, May  10,  offering  individual
     investors nationwide an opportunity to ask questions and offer  comments
     about the SEC's regulatory agenda in the wake of recent events.
     
     "The  challenges  that  confront individual investors  and  our  capital
     markets  did not arise overnight, but neither can they be tolerated  any
     longer,"  Pitt  said.  "We are moving aggressively to  restore  investor
     confidence  on  every  front,  including corporate  disclosure,  auditor
     oversight,  and  analyst recommendations.  As we  work  with  lawmakers,
     regulators, consumer organizations and industry groups, there is no more
     important voice for us to hear than that of the investing public."
     
     The  summit will begin with a panel discussion from 9:30 a.m.  to  11:30
     a.m. moderated by Chairman Pitt.  Panelists will include:
          
       *  Joseph P. Borg, Director, Alabama Securities Commission and NASAA
          President
       *  Patricia P. Houlihan, CFP, President and CEO, Houlihan Financial
          Resource Group 
       *  Bill Mann, Senior Investment Writer, Motley Fool
       *  James G. Parkel, President-elect, AARP
       *  Damon Silvers, Associate General Counsel, AFL/CIO
       *  Michelle Singletary, Personal Finance Columnist, The Washington Post
          
     During a second session from 11:45 a.m. to 1:00 p.m., Chairman Pitt, SEC
     Commissioners  Isaac C. Hunt and Cynthia A. Glassman, and  SEC  division
     directors will respond to questions and comments from the public.
          
     Investors who would like to ask questions or offer comments prior to the
     summit  may  send  an  e-mail to summit@sec.gov or call  1-877-404-3222.
     Questions and comments can also be submitted during the event by  e-mail
     or phone.
          
     The  summit  will  take  place in the William O.  Douglas  Room  at  SEC
     Headquarters,  450 Fifth Street, N.W., Washington D.C.   The  public  is
     invited  to  attend on a first-come, first-served basis, but seating  is
     limited.   The SEC will also offer a live audio webcast of the event  on
     the SEC Web site free of charge.  (Press Rel. 2002-59)
     
PUBLIC APPEARANCES OF SENIOR COMMISSION OFFICIALS - MAY 2002

The  following  is a schedule for May 2002 of the public appearances  of  SEC
officials,  including the Chairman, Commissioners, and senior staff  members.
For  additional  information  on  events hosted  by  groups  other  than  the
Commission, please call the contact numbers listed.  As events are subject to
change,  please confirm them with the SEC's Office of Public Affairs  or  the
sponsoring organizations.

When:     Thursday, May 2
Who:      Lori Richards, Director, Office of Compliance Inspections and Examinations
What:     SIA - Anti Money Laundering Conference
Where:    New York, NY
Contact:  Stephanie Lawson, (202) 326-5322

When:     Friday, May 3
Who:      Annette Nazareth, Director, Division of Market Regulation
What:     Options Industry Conference
Where:    La Quinta, CA
Contact:  Tianna Rousseau, (415) 393-4281

When:     Monday, May 6
Who:      Alan Beller, Director, Division of Corporation Finance
What:     National Investor Relations Institute
Where:    Washington, DC
Contact:  Susan McGuire, (703) 506-3589

When:     Thursday, May 9
Who:      Paul Roye, Director, Division of Investment Management
What:     CFP Board of Governors Meeting
Where:    Washington, DC
Contact:  Louis Garday, (303) 839-0616

When:     Thursday, May 9
Who:      Alan Beller, Director, Division of Corporation Finance
What:     Practising Law Institute
Where:    New York, NY
Contact:  Loula Barkas, (212) 824-5809

When:     Thursday, May 9
Who:      Annette Nazareth, Director, Division of Market Regulation
What:     Security Traders Association Washington Conference
Where:    Washington, DC
Contact:  John Giesea, (212) 867-7002

When:     Friday, May 10
Who:      Annette Nazareth, Director, Division of Market Regulation
What:     PLI/International Securities Markets:  Addressing Cross-Border Legal &
          Business Challenges
Where:    New York, NY
Contact:  Heidi Tyler-Addison, (203) 431-8950

When:     Friday, May 10
Who:      Chairman Harvey L. Pitt; Commissioner Isaac Hunt
What:     SEC Investor Summit
Where:    SEC Headquarters, Room 1C30
Contact:  John Nester, (202) 942-0032

When:     Monday, May 13 - Tuesday, May 14
Who:      Paul Roye, Director, Division of Investment Management
What:     PLI's Investment Management Institute: A Seminar for '40 Act Lawyers
Where:    New York, NY
Contact:  Loula Barkas,  (212) 824-5809

When:     Friday, May 17
Who:      Alan Beller, Director, Division of Corporation Finance; Paul Roye, Director,
          Division of Investment Management
What:     34th Rocky Mountain Securities Conference
          Colorado Bar Association CLE
          Julie Revers, (303) 824-5334
Where:    Denver, CO
Contact:  Pat Drew, (303) 844-1041

When:     Friday, May 17- Saturday, May 18
Who:      Robert Herdman, Chief Accountant, Office of the Chief Accountant
What:     34th Rocky Mountain Securities Conference
          Colorado Bar Association CLE
          Julie Revers, (303) 824-5334
Where:    Denver, CO
Contact:  Pat Drew, (303) 844-1041

When:     Tuesday, May 21 (4:30 PM - 6:00 PM)
Who:      Commissioner Cynthia A. Glassman
What:     The World Economic Forum
Where:    Washington, DC
Contact:  Marilyn Weimer, (202) 942-0600

When:     Friday, May 24
Who:      Chairman Harvey L. Pitt
What:     Investment Company Institute General Membership Meeting
Where:    Washington Hilton, Washington, DC
Contact:  John Collins (202-326-5864 or collins@ici.org) or Chris Wolszczyna
          (202-326-5889 or chris@ici.org)

RULES AND RELATED MATTERS

DELEGATION OF AUTHORITY TO THE SECRETARY OF THE COMMISSION

     The  Commission amended its rules to delegate authority to the Secretary
     of  the  Commission  to  enter orders instituting previously  authorized
     administrative  proceedings based on the entry of  an  injunction  or  a
     criminal  conviction,  and to issue findings and orders  in  such  cases
     where a respondent consents to a bar from association. (Rel. 34-45848)
          

ENFORCEMENT PROCEEDINGS

ORDER PERMITTING ASSOCIATION OF FREDERICK JOSEPH

     On April 30, the Commission issued an Order approving the application of
     the  NASD  Regulation, Inc. for relief from a statutory disqualification
     to permit the association of Frederick H. Joseph ("Joseph") as a General
     Securities Principal with Morgan, Lewis, Githens & Ahn, Inc.,  a  member
     of  the NASD.  The Order states that, based on the representations  with
     respect  to the supervision of Joseph and the conditions placed  on  his
     partial  ownership  of  the  firm, the  Commission  will  not  institute
     proceedings  pursuant  to  Sections 15(b) or  19(h)  of  the  Securities
     Exchange  Act of 1934 ("Exchange Act") and will not direct the  NASD  to
     bar  the proposed association pursuant to Section 15A(g)(2).  The  Order
     is  necessary because Joseph is barred from association in a supervisory
     capacity   with   any  broker,  dealer,  municipal  securities   dealer,
     investment  adviser  or  investment company,  with  a  right  to  become
     associated  with  any such entity in a supervisory capacity  other  than
     that  of chairperson, chief executive officer, or president after  three
     years.  For further information, please contact Joseph Corcoran at (202)
     942-0756.  (Rel. 34-45850)
     
FEDERAL COURT JUDGE HOLDS RELIEF DEFENDANT RAINBOW BRIDGE INVESTMENTS, LLC IN
CIVIL  CONTEMPT   AND  DEFAULT  ENTERED AGAINST  ALL  DEFENDANTS  AND  RELIEF
DEFENDANTS

     The  Commission  announced  that  on January  22,  2002,  the  Honorable
     Patricia  A.  Seitz,  United  States District  Judge  for  the  Southern
     District  of Florida, entered an Order holding Relief Defendant  Rainbow
     Bridge  Investments,  LLC  (Rainbow) in civil contempt  for  failing  to
     comply  with a previous Court Order requiring a sworn accounting of  all
     monies   received,  repatriation  of  offshore  monies  and  a   written
     description of any repatriated funds within five (5) days of October 25,
     2001.  Judge Seitz imposed a daily monetary sanction of $25,000 per  day
     to be paid into the Court registry.
     
     On  March  27,  2002,  Judge  Seitz entered a Default  Judgment  against
     Defendants  Vestron Financial Corp., Salman Shariff, Vestron  Investment
     Club,  Crescent  Capital  Partners LP, Crescent  Capital  Offshore  Fund
     (collectively  Defendants) and Relief Defendants North  Coast  Holdings,
     Ltd.  (North Coast) and Rainbow for failure to plead or otherwise defend
     as required by law.
     
     In its complaint filed on October 16, 2001, and application to the Court
     for  a  temporary asset freeze order, which the Court granted,  the  SEC
     alleged  that  Defendants  were violating the anti-fraud,  registration,
     investment  company  and investment advisor provisions  of  the  federal
     securities  law.  The SEC alleged that Defendants perpetrated  a  fraud,
     which  duped hundreds of unsuspecting investors nationwide out  of  over
     $11 million.  The SEC also alleged and named North Coast and Rainbow  as
     Relief  Defendants  because  they  purportedly  received  proceeds  from
     Defendants' fraudulent scheme.  [SEC v. Rainbow Bridge Investments, LLC,
     Case No. 01-4269-CIV-SEITZ, USDC, SDFL] (LR-17496)
                                      
ARRESTED AND CHARGED IN CONNECTION WITH FRAUDULENT STOCK OFFERING
                                      
     The  Commission announced today that, on April 25, Brett R. Mallory,  of
     Boston (Dorchester), Massachusetts was arrested and charged by the  U.S.
     Attorney for the District of Massachusetts in a criminal complaint  with
     securities and mail fraud in connection with a $131,500 fraudulent stock
     offering which he allegedly conducted between at least October 2001  and
     February  2002.   Magistrate Judge Judith G. Dein of the  United  States
     District  Court  for  the District of Massachusetts  presided  over  the
     arraignment  hearing and set the date for a probable cause  hearing  for
     May  15,  2002.   Mallory  was released on a $25,000  bond  pending  his
     appearance  at  the  probable  cause hearing.   The  criminal  complaint
     alleges  that, in order to raise the funds from the defrauded investors,
     Mallory  falsely told them, among other things, that they  could  double
     their   money  since  he  had  entered  into  a  contract  with  Verizon
     Communications  whereby Verizon had agreed to purchase  80%  of  Anamar,
     thereby  providing the proceeds out of which the investors would  obtain
     their investment returns.  If convicted, Mallory faces up to five years'
     imprisonment, to be followed by three years of supervised release and  a
     $250,000 fine.
     
     In   an   earlier,  related  proceeding,  the  Securities  and  Exchange
     Commission  obtained an ex parte temporary restraining order  and  asset
     freeze  against Mallory and Anamar on March 15, 2002 and  a  preliminary
     injunction  on April 1, 2002 from the United States District  Court  for
     the  District  of  Massachusetts based on the Commission's  prima  facie
     showing that Mallory and Anamar had violated the antifraud provisions of
     the  federal securities laws by fraudulently offering and selling shares
     of  Anamar stock via the Internet and other means in connection with the
     scheme  described above.  [U.S. v. Brett Mallory, Criminal  No.  02M-CR-
     1013-JGD, USDC., D.MA] (LR-17497)

INVESTMENT COMPANY ACT RELEASES
     

CONSECO VARIABLE INSURANCE COMPANY, ET AL.

     An  order  has  been issued pursuant to Section 26(c) of the  Investment
     Company  Act to, Conseco Variable Insurance Company (Conseco  Variable),
     Conseco Variable Annuity Account C, Conseco Variable Annuity Account  E,
     Conseco Variable Annuity Account F, Conseco Variable Annuity Account  G,
     Conseco Variable Annuity Account H, and Conseco Variable Annuity I (each
     an  Account) approving the substitution of securities issued  by  Strong
     Opportunity Fund II:  Investor Class for securities issued by the Berger
     IPT-New Generation Fund, and held by each Account that supports variable
     annuity  contracts issued by Conseco Variable.  (Rel. IC-25559  -  April
     30)

MERRILL LYNCH LIFE INSURANCE COMPANY, ET AL.

     An  order has been issued on an application filed by Merrill Lynch  Life
     Insurance  Company, ML Life Insurance Company of New York,  and  certain
     separate  accounts, pursuant to Section 26(c) of the Investment  Company
     Act,  approving the substitution of shares of the Large Cap  Core  Focus
     Fund  and  Core  Bond  Focus Fund of the Merrill Lynch  Variable  Series
     Funds,  Inc., and the Core Bond Strategy Portfolio of the Merrill  Lynch
     Series  Fund, Inc., for shares of the Natural Resources Focus  Fund  and
     Global Bond Focus Fund of the Merrill Lynch Variable Series Funds,  Inc.
     (Rel. IC-25561 - April 30)

SELF-REGULATORY ORGANIZATIONS
     

PROPOSED RULE CHANGES

     The  International Securities Exchange filed a proposed rule change (SR-
     ISE-2002-11) relating to a market maker inactivity fee.  Publication  of
     the  proposal  is expected in the Federal Register during  the  week  of
     April 29.  (Rel. 34-45816)
     
     The Chicago Board Options Exchange filed a proposed rule change (SR-CBOE-
     00-55)  and  Amendment  Nos.  1,  2,  and  3  thereto  relating  to  the
     establishment  of  a  screen-based trading system known  as  CBOEdirect.
     (Rel. 34-45829)
     
IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES

     A  proposed rule change (ISE-2002-08) and Amendment Nos. 1 and 2 thereto
     filed  by  the International Stock Exchange relating to fee changes  has
     become  effective  under Section 19(b)(3)(A) of the Securities  Exchange
     Act  of  1934.  Publication of the proposal is expected in  the  Federal
     Register during the week of April 29.  (Rel. 34-45840)
     
     A proposed rule change filed by the Philadelphia Stock Exchange amending
     the Exchange's Schedule of Dues, Fees, and Charges (SR-Phlx-2002-30) has
     become immediately effective under Section 19(b)(3)(A) of the Securities
     Exchange  Act of 1934.  Under the proposed rule change, specialists  and
     specialist  units will be required to pay Phlx the cost of construction,
     if  they  request  the  construction of a  kiosk.   Publication  of  the
     proposal  is expected in the Federal Register during the week  of  April
     29.  (Rel. 34-45847)

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 Phone 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 managing underwriter or  depositor
     (if  applicable);  File number and date filed; Assigned  Branch;  and  a
     designation if the statement is a New Issue.

     Registration statements may be obtained in person or by writing  to  the
     Commission's  Public  Reference  Branch  at  450  Fifth  Street,   N.W.,
     Washington,  D.C.  20549  or  at  the  following  e-mail  box   address:
     <publicinfo@sec.gov>.  In most cases, this information is also available
     on the Commission's website: <www.sec.gov>.

SB-2    M C F T Y NATIONAL, 4894 LONE MOUNTAIN ROAD, LAS VEGAS, NV, 89130,
        7026581847 - 13,127,129 ($525,085.16) Equity, (File 333-87200 -
        Apr. 30) (BR. )

S-4     CIRCUS & ELDORADO JOINT VENTURE, 407 N VIRGINIA ST, RENO, NV, 89501,
        8006878733 - 0 ($160,000,000.00) Non-Convertible Debt,
        (File 333-87202 - Apr. 30) (BR. )

S-8     PREMCOR INC, 8182 MARYLAND AVENUE, SUITE 600, ST LOUIS, MO, 63105-3721,
        3148549878 - 7,965,250 ($130,331,819.00) Equity, (File 333-87210 -
        Apr. 30) (BR. 04)

S-1     CENTENE CORP, 7711 CARONDELET AVE, ST LOUIS, MO, 63105, 3147254477 -
        0 ($157,435,000.00) Equity, (File 333-87212 - Apr. 30) (BR. 01)

S-8     WILLOW GROVE BANCORP INC/NEW, WELSH & NORRISTWN ROADS, PENNSYLVANIA,
        PA, 19002, 2156465405 - 534,742 ($3,252,942.75) Equity,
        (File 333-87214 - Apr. 30) (BR. 09)

S-3     KENTUCKY POWER CO, 1701 CENTRAL AVE, ASHLAND, KY, 41101, 6063271111 -
        0 ($375,000,000.00) Non-Convertible Debt, (File 333-87216 - Apr. 30)
        (BR. 02)

S-1     PHL VARIABLE INSURANCE CO /CT/,
        C/O PHOENIX HOME LIFE MUTUAL INSURANCE C, ONE AMERICAN ROW, HARTFORD,
        CT, 06116, 8604035788 - 0 ($500,000,000.00) Other, (File 333-87218 -
        Apr. 30) (BR. 20)

S-8     PARTNERS TRUST FINANCIAL GROUP INC, 233 GENESEE STREET, UTICA, NY,
        13501, 0 ($1.00) Other, (File 333-87220 - Apr. 30) (BR. 09)

S-8     SUREWEST COMMUNICATIONS, 211 LINCOLN ST, ROSEVILLE, CA, 95678-0969,
        9167861407 - 1,000,000 ($52,260,000.00) Other, (File 333-87222 -
        Apr. 30) (BR. 37)

SB-2    BLUESTONE VENTURES INC, 200 675 W HASTINGS ST, VANCOUVER BC, V6B 1N2,
        A1, 00000, 1,741,000 ($435,250.00) Equity, (File 333-87224 - Apr. 30)
        (BR. )

S-3     USA NETWORKS INC, 152 WEST 57TH ST, NEW YORK, NY, 10019, 2123147300 -
        0 ($49,648,500.00) Equity, (File 333-87226 - Apr. 30) (BR. 37)

S-8     CASCADE NATURAL GAS CORP, 222 FAIRVIEW AVE N, SEATTLE, WA, 98109,
        2066243900 - 0 ($6,330,000.00) Equity, (File 333-87228 - Apr. 30)
        (BR. 02)

S-8     WSN GROUP INC, 1530 BROOKHOLLOW DR., SUITE C, SANTA ANA, CA, 92705,
        7144270760 - 0 ($31,700.00) Equity, (File 333-87230 - Apr. 30) (BR. 02)

S-8     PRAXIS PHARMACEUTICALS INC/CN, 856 HOMER STREET SUITE 100,
        VANCOUVER BC CANADA, A1, V6B 2W5, 6046465614 -
        200,000 ($16,000.00) Equity, (File 333-87234 - Apr. 30) (BR. 01)

S-8     EXPRESSJET HOLDINGS INC, 1600 SMITH STREET HQSCE, HOUSTON, TX, 77002,
        7133242639 - 3,200,000 ($45,280,000.00) Equity, (File 333-87236 -
        Apr. 30) (BR. 05)

S-3     ENTERTAINMENT PROPERTIES TRUST, ONE KANSAS CITY PLACE,
        1200 MAIN STREET SUITE 3250, KANSAS CITY, MO, 64105, 8164721700 -
        0 ($125,000,000.00) Unallocated (Universal) Shelf, (File 333-87242 -
        Apr. 30) (BR. 08)

S-8     QWEST COMMUNICATIONS INTERNATIONAL INC, 1801 CALIFORNIA ST, DENVER, CO,
        80202, 3039921400 - 2,745,962 ($17,848,753.00) Equity,
        (File 333-87246 - Apr. 30) (BR. 37)

S-8     DAVE & BUSTERS INC, 2481 MANANA DRIVE, DALLAS, TX, 75220, 2143579588 -
        0 ($10,420,000.00) Equity, (File 333-87248 - Apr. 30) (BR. 05)

S-4     WCI COMMUNITIES INC, 24301 WALDEN CENTER DRIVE, SUITE 300,
        BONITA SPRINGS, FL, 34134, 9419472600 -
        0 ($200,000,000.00) Non-Convertible Debt, (File 333-87250 - Apr. 30)
        (BR. 06)

S-3     CENDANT MORTGAGE CAPITAL LLC, 3000 LEADENHALL ROAD, MT LAUREL, NJ,
        08054, 0 ($1,000,000.00) Mortgage Backed Securities, (File 333-87252 -
        Apr. 30) (BR. 05)

S-3     CASTLE A M & CO, 3400 N WOLF RD, FRANKLIN PARK, IL, 60131, 7084557111 -
        685,190 ($7,694,684.00) Other, (File 333-87254 - Apr. 30) (BR. 04)

S-2     GLOBAL WATER TECHNOLOGIES INC, 1767 DENVER WEST BOULEVARD, SUITE C-500,
        GOLDEN, CO, 80401, 3032151100 - 1,354,376 ($4,606,847.30) Equity,
        (File 333-87256 - Apr. 30) (BR. 06)

S-1     USI HOLDINGS CORP, 50 CALIFORNIA ST, SAN FRANCISCO, CA, 94111,
        0 ($115,000,000.00) Equity, (File 333-87258 - Apr. 30) (BR. )

S-8     FORTUNE BRANDS INC, 300 TOWER PARKWAY, LINCOLNSHIRE, IL, 60069,
        2036985000 - 200,000 ($10,596,000.00) Equity, (File 333-87260 -
        Apr. 30) (BR. 06)

S-8     ASM INTERNATIONAL N V, JAN VAN EYCKLAAN 10, 3723 BC BILTHOVEN,
        THE NETHERLANDS, P7, 6022434221 - 4,000,000 ($87,484,207.00) Equity,
        (File 333-87262 - Apr. 30) (BR. 36)

S-3     U S ENERGY SYSTEMS INC, ONE NORTH LEXINGTON AVE, 4TH FLOOR,
        WHITE PLAINS, NY, 10601, 9149936443 - 167,976 ($587,916.00) Equity,
        (File 333-87264 - Apr. 30) (BR. 02)

S-8     EPIMMUNE INC, 5820 NANCY RIDGE DRIVE, SAN DIEGO, CA, 92121,
        858-860-2500 - 500,000 ($1,226,072.30) Equity, (File 333-87266 -
        Apr. 30) (BR. 01)

S-8     CIB MARINE BANCSHARES INC, N27 W24025 PAUL COURT, PEWAUKEE, WI, 53072,
        4146956010 - 59,352 ($1,154,479.43) Equity, (File 333-87268 - Apr. 30)
        (BR. 07)

S-8     FOUNDERS FOOD & FIRKINS LTD /MN, 5831 CEDAR LAKE ROAD, ST LOUIS PARK,
        MN, 55416, 6125252070 - 0 ($199,100.00) Equity, (File 333-87270 -
        Apr. 30) (BR. 05)

S-8     NSTAR/MA, 800 BOYLSTON ST, BOSTON, MA, 02199, 6174242000 -
        3,000,000 ($134,760,000.00) Equity, (File 333-87272 - Apr. 30) (BR. 02)

S-3     PROGRESS ENERGY INC, 410 S WILMINGTON ST, RALEIGH, NC, 27601,
        9195466463 - 0 ($127,092,270.00) Equity, (File 333-87274 - Apr. 30)
        (BR. 02)

S-3     RIGEL PHARMACEUTICALS INC, 240 E GRAND AVE, SOUTH SAN FRANCISCO, CA,
        94080, 0 ($82,094,574.00) Equity, (File 333-87276 - Apr. 30) (BR. 01)

SB-2    MIGRATEC INC, 11494 LUNA ROAD, SUITE 100, DALLAS, TX, 75234,
        972-969-03 - 0 ($4,020,341.88) Equity, (File 333-87278 - Apr. 30)
        (BR. 03)

S-8     CAPITAL ENVIRONMENTAL RESOURCE INC, 1005 SKYVIEW DR, BURLINGTON,
        ONTARIO CANADA, A6, L7P 5B1, 9053191237 -
        6,653,302 ($35,994,364.00) Equity, (File 333-87280 - Apr. 30) (BR. 06)

S-8     BANK OF BERMUDA LTD, 6 FRONT ST HAMILTON HM11, PO BOX HM 1020,
        HAMILTONBERMUDA, D0, 00000, 0 ($348,047,218.91) Equity,
        (File 333-87284 - Apr. 30) (BR. 07)

S-4     PETROLEUM HELICOPTERS INC, 2001 SE EVANGELINE THRUWAY, -, LAFAYETTE,
        LA, 70508, - - 0 ($200,000,000.00) Non-Convertible Debt,
        (File 333-87288 - Apr. 30) (BR. 05)

S-8     BEVERLY ENTERPRISES INC, ONE THOUSAND BEVERLY WAY, FORT SMITH, AR,
        72919, 5014526712 - 0 ($2,000,000.00) Equity, (File 333-87290 -
        Apr. 30) (BR. 08)

RECENT 8K 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.
    Item 9.  Regulation FD Disclosure.

     The following companies have filed 8-K reports for the date indicated and/or
amendments to 8-K reports previously filed, responding to the item(s) of the form
specified.   8-K  reports  may  be  obtained in  person  or  by  writing  to  the
Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington,  D.C.
20549  or  at the following e-mail box address:  <publicinfo@sec.gov>.   In  most
cases,   this  information  is  also  available  on  the  Commission's   website:
<www.sec.gov>.

                                       STATE     8K ITEM NO.
NAME OF ISSUER                         CODE   1 2 3 4 5 6 7 8 9     DATE     COMMENT
------------------------------------------------------------------------------------
AAMES CAPITAL CORP AAMES MORTGAGE TRU   CA            X   X       03/28/02

AAMES FINANCIAL CORP/DE                 DE            X           04/29/02

ADOLOR CORP                                           X   X       04/15/02

ADVENT SOFTWARE INC /DE/                DE      X                 02/14/02

AGCO CORP /DE                           DE          X     X       04/24/02

ALLIED WASTE INDUSTRIES INC             DE            X           04/30/02

ALLOS THERAPEUTICS                      DE            X   X       04/24/02

AMERICAN STATES WATER CO                CA            X           04/30/02

AMERICREDIT FINANCIAL SERVICES INC      DE      X         X       04/10/02

ANTHEM INC                              IN            X           04/29/02

APPLEBEES INTERNATIONAL INC             DE            X           04/30/02

ARCH WIRELESS COMMUNICATIONS INC        DE            X   X       04/30/02

ARCH WIRELESS INC                       DE            X   X       04/30/02

ASIA GLOBAL CROSSING LTD                              X   X       04/29/02

ASSET BACKED SECURITIES CORP            DE            X   X       02/15/02

ATWOOD OCEANICS INC                     TX                    X   04/30/02

AZURIX CORP                             DE            X   X       04/01/02   AMEND

BAKER HUGHES INC                        DE            X           04/30/02

BANC OF AMERICA COMMERCIAL MORTGAGE I   DE            X   X       04/26/02

BANC OF AMERICA FUNDING CORP            DE            X   X       04/30/02

BOMBARDIER CAPITAL MORTGAGE SECURITIZ   DE                X       03/31/02

BOMBARDIER CAPITAL MORTGAGE SECURITIZ   DE                X       03/31/02

BOMBARDIER CAPITAL MORTGAGE SECURITIZ   DE                X       03/31/02

BOMBARDIER CAPITAL MORTGAGE SECURITIZ   DE                X       03/31/02

BOMBARDIER CAPITAL MORTGAGE SECURITIZ   DE                X       03/31/02

BOMBARDIER CAPITAL MORTGAGE SECURITIZ   DE                X       03/31/02

BOMBARDIER CAPITAL MORTGAGE SECURITIZ   DE                X       03/31/02

BOMBARDIER CREDIT RECEIVABLES CORP SE   DE                X       03/31/02

BOMBARDIER CREDIT RECEIVABLES CORP SE   DE                X       03/31/02

BOUNDLESS CORP                          DE            X           04/24/02

BRENEX OIL CORP                         UT          X             10/23/01   AMEND

C BASS MORTGAGE LOAN ASSET BACKED CER   DE            X   X       04/25/02

CAPITAL ONE AUTO FINANCE TRUST 2002-A   DE            X   X       04/30/02

CARBIDE GRAPHITE GROUP INC /DE/         DE            X   X       04/22/02

CARECENTRIC INC                         DE            X   X       04/30/02

CATALYST SEMICONDUCTOR INC              DE            X   X       04/25/02

CELEXX CORP                             NV      X                 04/25/02

CENTRAL GARDEN & PET COMPANY            DE            X   X       04/29/02

CENTRAL PARKING CORP                    TN    X                   04/29/02

CHALONE WINE GROUP LTD                  CA            X           04/22/02

CHASE MANHATTAN BANK /NY/               NY            X   X       04/15/02

CHASE MANHATTAN BANK USA                DE            X   X       04/15/02

CHASE MANHATTAN BANK USA                DE            X   X       04/15/02

CHASE MANHATTAN BANK USA                DE            X   X       04/15/02

CHASE MANHATTAN HOME EQUITY LOAN TRUS   NY            X   X       04/15/02

CHASE MANHATTAN MARINE OWNER TRUST 19   NY            X   X       04/15/02

CHASE MANHATTAN RV OWNER TRUST 1997-A   DE            X   X       04/15/02

CHESAPEAKE CORP /VA/                    VA            X           04/30/02

CHESAPEAKE ENERGY CORP                  OK            X       X   04/29/02

CINCINNATI GAS & ELECTRIC CO            OH          X             04/30/02

COMMSCOPE INC                           DE            X   X       04/29/02

CONSECO FINANCE SECURITIZATIONS CORP    DE            X   X       04/25/02

CREDIT SUISSE FIRST BOSTON MORT ACCEP   DE            X   X       04/25/02

CREDIT SUISSE FIRST BOSTON MORTGAGE S   DE            X   X       04/29/02

CREDIT SUISSE FIRST BOSTON MORTGAGE S   DE                X       04/29/02

CSFB MORTGAGE BACKED PASS THROUGH CER   DE                X       04/30/02

CSFB MORTGAGE BACKED PASS THRU CERTS    DE            X   X       04/25/02

CSFB MORTGAGE PASS THROUGH CERTIFICAT   DE            X   X       04/25/02

CSFB MORTGAGED BACKED PASS THRU CERTI   DE            X   X       04/25/02

CTC COMMUNICATIONS GROUP INC            DE            X           04/30/02

CTS CORP                                IN            X           06/30/02

CURIS INC                               DE          X     X       04/26/02

CWABS INC                               DE            X   X       04/30/02

CWABS INC                               DE            X   X       04/30/02

CWABS INC                               DE            X   X       04/30/02

CWMBS INC                               DE                X       04/29/02

CWMBS INC                               DE                X       04/29/02

CWMBS INC                               DE            X   X       04/29/02

CWMBS INC                               DE            X   X       04/29/02

DITECH COMMUNICATIONS CORP              DE      X         X       04/16/02

DSP GROUP INC /DE/                      DE            X           04/30/02

ENTERBANK HOLDINGS INC                  DE            X   X       04/29/02

ENTERPRISES SOLUTIONS INC               NV            X           10/10/00   AMEND

EQUITY ONE ABS INC MORTGAGE PASS THRU   DE                X       04/30/02

EQUITY ONE ABS INC MORTGAGE PASS THRU   DE            X   X       04/30/02

EXCAL ENTERPRISES INC                   DE      X                 04/30/02

FARMER MAC MORTGAGE SECURITIES CORP     DE            X   X       04/30/02

FEDERAL REALTY INVESTMENT TRUST         MD            X   X       03/31/02

FIREARMS TRAINING SYSTEMS INC           DE          X     X       04/12/02   AMEND

FIRST FEDERAL FINANCIAL BANCORP INC     DE            X   X       04/25/02

FIRST INDIANA CORP                      IN            X   X       04/30/02

FUNDTECH LTD                                          X   X       04/30/02

GOVERNMENT TRUST 1 C                    IL            X           05/15/01

GOVERNMENT TRUST 2 E                    IL            X           05/15/01

GOVERNMENT TRUST 3 C                    IL            X           05/15/01

GREATER BAY BANCORP                     CA            X   X   X   04/30/02

HADRON INC                              NY            X   X       04/29/02

HALF ROBERT INTERNATIONAL INC /DE/      DE          X             04/24/02

HARBOR GLOBAL CO LTD                                  X   X       04/22/02

HASTINGS MANUFACTURING CO               MI                X   X   04/30/02

HCA INC/TN                              DE            X   X       04/23/02

HNC SOFTWARE INC/DE                     DE            X   X       04/29/02

HOLLY CORP                              DE            X           04/29/02

HORMEL FOODS CORP /DE/                  DE            X           04/24/02

IMMUNEX CORP /DE/                       WA            X   X       04/29/02

IMPLANT SCIENCES CORP                   MA            X   X       11/09/01

INDUSTRIALEX MANUFACTURING CORP         CO          X     X       04/16/02   AMEND

INDY MAC ABS INC HOME EQUITY MOR LN A   DE            X   X       04/01/02

INTERGRAPH CORP                         DE            X           04/30/02   AMEND

INTERMEDIA COMMUNICATIONS INC           DE            X   X       04/29/02

IRT PROPERTY CO                         GA            X   X       04/29/02

ITRON INC /WA/                          WA                X       03/01/02   AMEND

IWO HOLDINGS INC                        DE          X     X       04/23/02

JOHNSON & JOHNSON                       NJ            X           04/30/02   AMEND

KAISER ALUMINUM & CHEMICAL CORP         DE          X     X       04/30/02

KAISER ALUMINUM CORP                    DE          X     X       04/30/02

KEYSTONE PROPERTY TRUST                 MD                X   X   04/30/02

KILROY REALTY CORP                      MD                    X   04/29/02

LEHMAN BROTHERS HOLDINGS INC            DE                X       04/30/02

LINCOLN NATIONAL CORP                   IN            X           03/31/02

LOOKSMART LTD                           DE            X           04/29/02

LYNX THERAPEUTICS INC                   DE            X   X       04/29/02

MACROVISION CORP                        DE                X   X   04/29/02

MAGNUM HUNTER RESOURCES INC             NV                    X   04/30/02

MAPICS INC                              GA            X           04/26/02

MAREX COM INC                           FL          X     X       04/30/02

MATRIA HEALTHCARE INC                   DE                    X   04/29/02

MATRIA HEALTHCARE INC                   DE                    X   04/30/02

MATRIA HEALTHCARE INC                   DE                    X   04/29/02   AMEND

MAXCOR FINANCIAL GROUP INC              DE            X   X       04/30/02

MBNA CORP                               MD            X           04/30/02

MBT FINANCIAL CORP                      MI          X     X       04/18/02   AMEND

MERRIMAC INDUSTRIES INC                 DE          X     X       04/26/02

MESABI TRUST                            NY            X   X       04/30/02

METROCALL INC                           DE            X   X       04/29/02

MID ATLANTIC REALTY TRUST               MD                X   X   03/31/02

MONY GROUP INC                          DE            X   X       04/30/02

MTI TECHNOLOGY CORP                     DE            X           04/30/02

MYRIAD GENETICS INC                     DE            X   X       04/03/02

NATIONAL FUEL GAS CO                    NJ            X   X       03/31/02

NCR CORP                                MD            X           04/29/02

NCT FUNDING CO LLC                      DE                X       03/26/02

NEOSE TECHNOLOGIES INC                  DE          X     X       04/29/02

NEOSE TECHNOLOGIES INC                  DE            X   X       03/29/02   AMEND

NETWORK COMPUTING DEVICES INC           CA                X       03/26/02   AMEND

OPTIMARK HOLDINGS INC                   DE            X   X       03/21/02

PAULA FINANCIAL                         DE        X       X       04/26/02

PENNSYLVANIA REAL ESTATE INVESTMENT T   PA                X       04/04/02   AMEND

PHARMACIA CORP /DE/                     DE      X                 04/16/02

PHILIPS INTERNATIONAL REALTY CORP       MD      X         X       04/16/02

PLANETRX COM                            DE            X   X       04/30/02

PRECISION OPTICS CORPORATION INC        MA            X           04/30/02

PROCTER & GAMBLE CO                     OH            X           03/31/02

PROLOGIS TRUST                          MD                X       04/26/02

PROXYMED INC /FT LAUDERDALE/            FL                X   X   04/24/02

QUEPASA COM INC                         NV            X   X       04/26/02

RESIDENTIAL ACCREDIT LOANS INC          DE            X   X       04/30/02

RESIDENTIAL ASSET MORT PROD GMACM MOR                 X   X       04/25/02

RJV NETWORK INC                                       X           04/22/02

RMS TITANIC INC                         FL            X           05/31/02

SALIX PHARMACEUTICALS LTD                             X   X       04/30/02

SBS TECHNOLOGIES INC                    NM            X   X       04/28/02

SECURITISATION ADVISORY SERVICES PTY                  X   X       04/16/02

SECURITY CAPITAL GROUP INC/             MD            X   X       04/29/02

SEMPRA ENERGY                           CA                    X   03/31/02

SEMPRA ENERGY                           CA            X   X       04/30/02

SENSAR CORP /NV/                        NV    X X     X X X       04/23/02

SOUTHERN PERU COPPER CORP/              DE          X     X       04/25/02

SPORTING MAGIC INC                      DE            X           04/26/02

ST MARY LAND & EXPLORATION CO           DE                X   X   04/30/02

STATE STREET CORP                       MA            X           04/29/02

STATEFED FINANCIAL CORP                 DE            X   X       03/31/02

STEELCASE INC                           MI            X           04/29/02

STEPAN CO                               DE          X     X       04/29/02

STONERIDGE INC                          OH            X           04/30/02

STRUCTURED ASSET MORTGAGE INVESTMENTS   DE            X   X       04/29/02

STRUCTURED ASSET SEC CORP MORT PAS TH   DE            X   X       04/25/02

STRUCTURED ASSET SECURITIES CORP        DE            X           04/25/02

STRUCTURED ASSET SECURITIES CORP MORT   DE            X   X       04/25/02

SYNBIOTICS CORP                         CA          X     X       04/24/02

TANGER FACTORY OUTLET CENTERS INC       NC                    X   04/30/02

TOYOTA AUTO FINANCE RECEIVABLES LLC     DE            X   X       04/15/02

TOYOTA AUTO FINANCE RECEIVABLES LLC     DE            X   X       04/15/02

TOYOTA AUTO FINANCE RECEIVABLES LLC     DE            X   X       04/15/02

TOYOTA MOTOR CREDIT CORP                CA            X   X       03/31/02

TRANSOCEAN SEDCO FOREX INC              E9                    X   04/30/02

TRINITY INDUSTRIES INC                  DE            X   X       04/26/02

TWIN FACES EAST ENTERTAINMENT CORP      NV          X             04/16/02

UNITED ROAD SERVICES INC                DE            X           04/30/02

VARIAN MEDICAL SYSTEMS INC              DE            X           04/30/02

VERADO HOLDINGS INC                     DE        X       X       04/18/02

VERIZON COMMUNICATIONS INC              DE            X   X       04/30/02

VIXEL CORP                              DE      X         X       04/15/02

WIRELESS SYNERGIES INC                  NV          X     X X     04/22/02

XICOR INC                               CA      X         X       04/16/02

ZONAGEN INC                             DE            X   X       04/29/02