
              You have a company that needs more capital, or you
          are a programmer ready to start a software company, or a
          techie with a new box that has twice the capacity of the PC
          for only $49.95, but you need capital to get it off the
          ground.  Underwriters and big stock offerings are out, but
          you can use up to $1,000,000.   It isn't easy, but you can
          do it yourself.

              There is a new, little-known funding process for
          small businesses wanting to sell stock to the public.
          Called SCOR -- Small Company Offering Registration (known
          as ULOR, for Uniform Limited Offering Registration in some
          states) -- this method was created in the late 1980s by
          government regulators and securities attorneys.  SCOR is
          now available in 30 states, and the number is increasing
          rapidly.  States included are:

                  Alaska
                  Arizona
                  Colorado
                  Idaho
                  Indiana
                  Iowa
                  Kansas
                  Maine
                  Massachusetts
                  Mississippi
                  Missouri
                  Montana
                  Nevada
                  North Carolina
                  North Dakota
                  South Dakota
                  Tennessee
                  Texas
                  Vermont
                  Washington
                  West Virginia
                  Wisconsin
                  Wyoming

              California and Oregon are in the process of
          adopting the procedure.  Once registered in one state,
          sales can also be made in Delaware, the District of
          Columbia, and New York.

              This information is changing rapidly, so for a
          current list of eligible states call the North American
          Securities Administrators Association at (202) 737-0900.

              Even if your business is not based in one of these
          states, you may still register and sell your securities in
          the states which have adopted SCOR.

              SCOR is a simplified registration form in a
          questionaire format.  The required form is part of this
          program, and may be printed out and used for your stock
          sale.

              Many small companies have successfully used SCOR to
          sell their own stock without using a securities
          underwriting firm.  This works particularly well if you
          have an established customer base or other source of
          support.  One of the success stories of SCOR is Real Goods
          Trading Co., a Ukiah, California, mail order retailer which
          made an 11-sate, $1 million offering to its 15,000
          customers.  As of early 1992 the firm had already sold
          $800,000 in stock to more than 600 investors.


