UNITED STATES SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 40899 / January 7, 1999 Administrative Proceeding File No. 3-9802 CEASE-AND-DESIST AND ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST FOUR TRANSFER AGENTS FOR FAILING TO MAKE TIMELY YEAR 2000-RELATED DISCLOSURE In the Matter of Alpha Tech Stock Transfer Trust, Greenfield Fund, Inc., Manor Investment Funds, Inc. and United Stock Transfer, Inc. On January 7, the Commission instituted public administrative and cease-and-desist proceedings against four transfer agents for failing to timely file all or part of Form TA-Y2K. The Form is designed to provide the Commission and the public with important information concerning the transfer agent’s efforts to ensure that its computer systems are prepared for the Year 2000. Filings were required to be made on August 31, 1998, with the Commission. Certain transfer agents were required to file Part I of the Form, a series of yes/no, multiple choice and fill-in-the-blank questions, and if not exempt, Part II of the Form that required narrative answers. The SEC's Order alleges that as of December 8, 1998: (a) Greenfield Fund, Inc., located in Old Greenwich, Connecticut, which was required to file Part I of Form TA- Y2K, failed to do so; (b) Alpha Tech Stock Transfer, Inc., located in Salt Lake City, Utah, and United Stock Transfer, Inc., located in Englewood, Colorado, which were required to file both Parts I and II of Form TA-Y2K, had filed Part I but failed to file Part II; and (c) Manor Investment Funds, Inc., located in West Chester, Pennsylvania, which was required to file both Parts I and II of Form TA-Y2K, had filed neither part. A hearing will be held to determine whether these allegations are true, and, if so, to determine what remedial sanctions are appropriate and in the public interest.