UNITED STATE SECURITIES AND EXCHANGE COMMISSION

            SECURITIES ACT OF 1933
            Release No.  7602 / October 27, 1998

            Administrative Proceeding
            File No. 3-9769

            PROCEEDINGS INSTITUTED AGAINST TKO INTERNATIONAL, INC.
            AND LEONARD A. TURANO

                  The Commission instituted an administrative
            proceeding against TKO International, Inc. ("TKO") and
            Leonard A. Turano, its president and sole shareholder to
            determine whether to issue a cease-and-desist order
            against the respondents.  The Commission's staff alleges
            that in September 1998, TKO and Turano contracted to
            promote at least four microcap companies in exchange for
            cash and/or options to purchase shares of the companies'
            stock.  TKO and Turano then promoted those companies to
            investors through the Internet without disclosing the
            amount of the cash or stock options, in violation of
            Section 17(b) of the Securities Act of 1933, which
            requires that the publicist disclose the amount of
            compensation received from a public company.

                 TKO is a closely held Colorado corporation with its
            place of business in Englewood, Colorado.

                 A hearing will be scheduled to determine whether the
            allegations are true and, if so, whether a cease-and-
            desist order should be issued.  (Rel. No. 33-        ).