Securities Act of 1933
Release No.  7291 / May 13, 1996

Securities Exchange Act of 1934
Release No. 37206 / May 13, 1996

Administrative Proceeding File No. 3-9001

In the Matter of John Silseth

     The Securities and Exchange Commission has issued an order
instituting administrative and cease-and-desist proceedings
pursuant to Sections 8A of the Securities Act of 1933 (Securities
Act) and Sections 15(b), 19(h) and 21C of the Securities Exchange
Act of 1934 (Exchange Act) against John Silseth (Silseth).  The
order alleges that Silseth aided and abetted his customers'
market manipulation of Angeion Corporation's (Angeion) common
stock.  The order specifically alleges that between March 1991
and June 1991, Silseth caused and willfully aided and abetted
violations of Section 17(a) of the Securities Act, Section 10(b)
of the Exchange Act and Rule 10b-5 promulgated thereunder in that
he knew or was reckless in not knowing that four customer
accounts engaged in matched trades and that one customer account
engaged in wash trades.  Silseth provided knowing and substantial
assistance with respect to the customers' violations by acting as
the registered representative for these accounts and executing
five matched trades involving 178,000 shares of Angeion valued at
approximately $1.4 million and at least two wash trades involving
125,000 shares of Angeion valued at approximately $1.1 million.

     A public hearing will be held to determine whether the
allegations against Silseth are true, to offer him an opportunity
to establish any defenses to such allegations and to determine
what remedial action, if any, is appropriate.  
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                       NEWS DIGEST SUMMARY

PUBLIC PROCEEDINGS INSTITUTED AGAINST JOHN SILSETH

     The Securities and Exchange Commission announced the

     issuance of an order instituting administrative and cease-

     and-desist proceedings pursuant to Sections 8A of the

     Securities Act of 1933 (Securities Act) and Sections 15(b),

     19(h) and 21C of the Securities Exchange Act of 1934

     (Exchange Act) against John Silseth (Silseth).  The order

     alleges that Silseth aided and abetted his customers' market

     manipulation of Angeion Corporation's (Angeion) common

     stock.  The order specifically alleges that between March

     1991 and June 1991, Silseth caused and willfully aided and

     abetted violations of Section 17(a) of the Securities Act,

     Section 10(b) of the Exchange Act and Rule 10b-5 promulgated

     thereunder in that he knew or was reckless in not knowing

     that four customer accounts engaged in matched trades and

     that one customer account engaged in wash trades.  Silseth

     provided knowing and substantial assistance with respect to

     the customers' violations by acting as the registered

     representative for these accounts and executing five matched

     trades involving 178,000 shares of Angeion valued at

     approximately $1.4 million and at least two wash trades

     involving 125,000 shares of Angeion valued at approximately

     $1.1 million.

          A public hearing will be held to determine whether the

     allegations against Silseth are true, to offer him an
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     opportunity to establish any defenses to such allegations

     and to determine what remedial action, if any, is

     appropriate.  

Jane Jarcho
(312)353-5479

Jeannette L. Lewis
(312)353-7410