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                SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C.

Litigation Release No. 15052 / September 17, 1996

Securities and Exchange Commission v. Wincanton Corporation
Case No. 96-CV-02152 (D.D.C.)  (filed September 17, 1996)

     On September 17, 1996, the Commission filed a complaint in
the United States District Court for the District of Columbia
against Wincanton Corporation.  The complaint alleges that
Wincanton, a Reno, Nevada corporation engaged in the exploitation
and development of natural resource properties, failed to make
available to the investing public current and accurate
information about its financial condition and results of
operation through the filing of periodic reports with the
Commission as required by the Securities Exchange Act of 1934
("Exchange Act").  Specifically, the complaint alleges that
Wincanton has not filed its Annual Report on Form 10-K for the
fiscal year ended June 30, 1995, three Quarterly Reports on Form
10-Q for the fiscal quarters ended March 31, 1996, December 31,
1995 and September 30, 1995, and three Notifications of Late
Filing with respect to its delinquent reports and failed to
timely file two Annual Reports on Form 10-K and a Quarterly
Report on Form 10-Q.  The Commission seeks to compel Wincanton to
file certain delinquent periodic reports and to enjoin Wincanton
from further violations of Section 13(a) of the Exchange Act of
1934 and Rules 12b-25, 13a-1 and 13a-13 thereunder. 
Simultaneously with the filing of the Commission's complaint,
Wincanton consented to the entry of a Final Judgment granting the
relief sought by the Commission and admitted that it had not
filed or had filed late the periodic reports as described above.