UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No.  15528 / October 6, 1997

     SECURITIES AND EXCHANGE COMMISSION v. CONTINENTAL WIRELESS CABLE
     TELEVISION, INC., ROBIN J. MCPHERSON, JAY R. BISHOP AND GENE R. CARDENAZ,
     Civil Action No. 94-0737S (CGA) (S.D. Cal.)

          The Securities and Exchange Commission announced that the Honorable
     Edward J. Schwartz, United States District Judge for the Southern District
     of California, ordered Defendant Jay R. Bishop incarcerated for failure to
     pay disgorgement.  Bishop was taken into custody at the September 29, 1997,
     hearing on the Commission's motion for judgment of civil contempt.  On
     October 1, 1997, Judge Schwartz issued an Order Granting Motion By
     Plaintiff Securities And Exchange Commission For Judgment Of Civil Contempt
     Against Defendant Jay R. Bishop, which grants the Commission's motion for
     judgment of civil contempt against Bishop and which orders that Bishop
     remain incarcerated until he either makes the required payments of
     disgorgement and prejudgment interest or until he makes the required
     categorical and detailed showing that he is unable to make such payments.  


          The Commission's motion for judgment of civil contempt was based upon
     Bishop's failure to pay any but a small portion of the $995,000 in
     disgorgement and $128,654.44 in prejudgment interest thereon he was ordered
     to pay pursuant to the final judgment of disgorgement entered against him
     on February 12, 1996, following the Court granting the Commission's motion
     for summary judgment.  

          Previously, on September 20, 1995, the Court entered an Order granting
     the Commission's motion for summary judgment against Bishop, permanently
     enjoining Bishop from further violations of the securities registration
     provisions of Sections 5(a) and 5(c) of the Securities Act of 1933, the
     antifraud provisions of Section 17(a) of the Securities Act and Section
     10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and
     the broker-dealer registration provisions of Section 15(a)(1) of the
     Exchange Act.  Bishop had fraudulently offered and sold securities in the
     form of interests in two wireless cable television "general partnerships,"
     resulting in misappropriation of approximately 75% of the $39 million
     raised from 2,574 investors.  For further information see LR-14118, LR-
     14163, LR-14630, LR-14690, LR-14800 and LR 15347.












                              ======END OF PAGE 1======