OTHER NEWS - Jan. 19, 1996

SEC Investigates DLJ Bond Sales: The Securities and Exchange Commission, seeking more information on $275 million in bond sales gone bad, launched a formal investigation of two subsidiaries at Donaldson, Lufkin & Jenrette Inc. The investigation covers DLJ Mortgage Acceptance Corp., which issued the securities in 1991 and ‘93, and Donaldson, Lufkin & Jenrette Securities Corp., underwriter for the sale. The offerings involved $275 million of pass-through certificates--debt-like instruments backed by mortgages on buildings owned by developer Morton L. Ginsberg.