IN THE MATTER OF OSCAR NEBEL COMPANY

Harry Felix, Felix Felix

Walter G. Dugger, all of Philadelphia, Pa., for

Henry Arronson

Harry A. Rutenberg, both of Philadelphia, Pa., for

Chester T. Lane,

Counsel, Securities

Exchange Commission, Edmund Burke, Jr.,

J. Anthony Panuch, all of Washington, D.C. (Morton Liftin, of Washington, D.C., of counsel), for Securities

Exchange

Oscar Brown, of Philadelphia, Pa., for Preferred Stockholders'