UNITED STATES OF AMERICA
                            before the
                SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Rel. No. 38381 / March 11, 1997

Admin. Proc. File No. 3-8584

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                                                : 
            In the Matter of                    :
                                                :    
            M. Rimson & Co., Inc.               :
            Moshe Rimson                        :
                                                :
                                                :
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NOTICE THAT INITIAL DECISION HAS BECOME FINAL

     The time for filing a petition for review of the initial
decision in this proceeding has expired.  No such petition has
been filed with respect to M. Rimson & Co., Inc. ("M. Rimson &
Co.") or Moshe Rimson ("Rimson"), and the Commission has not
chosen to review the decision as to them on its own initiative.

     Accordingly, notice is hereby given, pursuant to Rule 17(f)
of the Commission's Rules of Practice, that the initial decision
of the administrative law judge */ has become the final
decision of the Commission as to M. Rimson & Co. and Rimson.  The
order contained in that decision dismissing the allegations
against M. Rimson & Co. and Rimson is hereby declared effective.

     For the Commission by the Office of the General Counsel,
pursuant to delegated authority.








                                             Jonathan G. Katz
                                                Secretary

                                                                 

*/   In the Matter of Frederick Entman, et al., Initial Decision
     Release No. 96 (August 20, 1996).  Although our Rules of
     Practice have been amended, Securities Exchange Act Release
     No. 35833, 60 Fed. Reg. 32,738 (June 23, 1995), these
     proceedings were instituted before the new rules were
     adopted.  Thus, the old rules continue to apply.