<PAGE>
 
   As filed with the Securities and Exchange Commission on February 11, 1997
                                                     Registration No. 333-     
________________________________________________________________________________

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ______________________

                                    FORM S-8
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
                             ______________________

                 CB COMMERCIAL REAL ESTATE SERVICES GROUP, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                                          52-1616016
(State or other jurisdiction of                      (I.R.S. Employer
 incorporation or organization)                       Identification Number)

       533 South Fremont Avenue
       Los Angeles, California                             90071-1798
(Address of Principal Executive Offices)                   (Zip Code)


                   L.J. MELODY ACQUISITION STOCK OPTION PLAN
                            (Full Title of the Plan)
                             ______________________

                            Walter V. Stafford, Esq.
              Senior Executive Vice President and General Counsel
                          CB Commercial Holdings, Inc.
                            533 South Fremont Avenue
                       Los Angeles, California 90017-1798
                                 (213) 613-3588
                 (Name, Address and Telephone number, including
                        area code, of agent for service)

<TABLE> 
<CAPTION> 
                             CALCULATION OF REGISTRATION FEE
----------------------------------------------------------------------------------------
 
Title of             Amount     Proposed Maximum       Proposed           Amount of
Securities to        to be       Offering Price    Maximum Aggregate    Registration
be Registered      Registered      Per Share        Offering Price         Fee(1)
-------------      ----------   ----------------   -----------------    ------------  
<S>                <C>          <C>                <C>                 <C>
 
                     90,750
Common Stock         shares            $10.00          $907,500            $275.00
----------------------------------------------------------------------------------------
</TABLE>
(1) The registration fee has been calculated pursuant to Rule 457(h) as reported
    on the Nasdaq National Market on February 5, 1997.
<PAGE>
 
                                     PART I
              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS


Item 1.   Plan Information.*
------    ----------------  

Item 2.   Registrant Information and Employee Plan Annual Information.*
------    -----------------------------------------------------------  

*  Information required by Part I to be contained in the Section 10(a)
   prospectus is omitted from this Registration Statement in accordance with
   Rule 428 under the Securities Act of 1933 and the Note to Part I of Form S-8.


                                    PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


Item 3.   Incorporation of Documents By Reference.
------    --------------------------------------- 

          The following documents, filed with the Securities and Exchange
Commission (the "Commission") by the Registrant, are hereby incorporated by
reference in this Registration Statement:

          1.   The Registrant's Annual Report on Form 10-K for the year ended
   December 31, 1995.

          2.   The Registrant's Quarterly Reports on Form 10-Q for the quarters
   ended March 31, 1996, June 30, 1996 and September 30, 1996.

          3.   The Registrant's Current Report on Form 8-K dated July 3, 1996
   and Amendment No. 1 thereto filed with the Commission on September 16, 1996.

          4.   The Registrant's Current Report on Form 8-K dated January 30,
   1997.

          5.   The information with regard to the Registrant's Common Stock
   contained in the Form 8-A filed with the Commission, File No. 0-18525,
   pursuant to section 12 of the Securities Exchange Act of 1934, including any
   subsequent amendments or reports filed for the purpose of updating such
   information.


          All documents subsequently filed by the Registrant pursuant to
sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such
documents.

                                      -2-
<PAGE>
 
Item 4.   Description of Securities.
------    ------------------------- 

          Not applicable.

Item 5.   Interests of Named Experts and Counsel.
------    -------------------------------------- 

          Not applicable.

Item 6.   Indemnification of Officers and Directors.
------    ----------------------------------------- 

          Section 145 of the Delaware General Corporation Law (the "DGCL")
empowers a corporation to indemnify its directors, officers, employees and
agents under certain circumstances. Article Sixth of the Registrant's Fourth
Restated Certificate of Incorporation provides that the Registrant shall
indemnify, to the fullest extent permitted by applicable law as it presently
exists or may be amended, all directors and officers of the Registrant. Article
Fifth of the Fourth Restated Certificate of Incorporation further provides that
no director of the Registrant shall be liable to the Registrant or its
stockholders for monetary damages for any breach of fiduciary duty as a
director, except to the extent such exemption from liability or limitation
thereof is not permitted under the DGCL as it presently exists or may be
amended.

          Additionally, the Registrant maintains a policy of liability insurance
to insure its officers and directors against losses resulting from wrongful acts
committed by them in their capacities as officers and directors of the
Registrant, including liabilities arising under applicable securities laws.


Item 7.   Exemption from Registration Claimed.
------    ----------------------------------- 

          Not applicable.

Item 8.   Exhibits.
------    -------- 

          See Index to Exhibits.

                                      -3-
<PAGE>
 
Item 9.   Undertakings.
------    ------------ 

          (a) The undersigned Registrant hereby undertakes:

          (1) To file, during any period in which offers or sales are being made
   of the securities registered hereby, a post-effective amendment to this
   Registration Statement:

             (i)   To include any prospectus required by section 10(a)(3) of the
        Securities Act of 1933;

             (ii)  To reflect in the prospectus any facts or events arising
        after the effective date of this Registration Statement (or the most
        recent post-effective amendment thereof) which, individually or in the
        aggregate, represent a fundamental change in the information set forth
        in this Registration Statement;

             (iii) To include any material information with respect to the plan
        of distribution not previously disclosed in this Registration Statement
        or any material change to such information in this Registration
        Statement;

   provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
   the information required to be included in a post-effective amendment by
   those paragraphs is contained in periodic reports filed by the Registrant
   pursuant to section 13 or section 15(d) of the Securities Exchange Act of
   1934 that are incorporated by reference in this Registration Statement.

        (2) That, for the purpose of determining any liability under the
   Securities Act of 1933, each such post-effective amendment shall be deemed to
   be a new registration statement relating to the securities offered therein,
   and the offering of such securities at that time shall be deemed to be the
   initial bona fide offering thereof.

        (3) To remove from registration by means of a post-effective amendment
   any of the securities being registered which remain unsold at the termination
   of the offering.

        (b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 that is incorporated by reference in this
Registration Statement shall be deemed to be a new registration statement
relating to the securities offered herein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

        (c) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing

                                      -4-
<PAGE>
 
provisions, or otherwise, the Registrant has been advised that in the opinion of
the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the
payment by the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.

                                      -5-
<PAGE>
 
                               POWER OF ATTORNEY

        Each person whose signature appears below constitutes and appoints James
J. Didion and David A. Davidson his or her true and lawful attorneys-in-fact and
agents, each acting alone, with full powers of substitution and resubstitution,
for him or her and in his or her name, place and stead, in any and all
capacities, to sign any or all Amendments (including Post-Effective Amendments)
to this Registration Statement, and to file the same, with all exhibits thereto,
and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, each acting alone,
full power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as fully to all
intents and purposes as he or she might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents, each acting alone, or
his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.

                                   SIGNATURES


        Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Los Angeles, State of California, on this 10th
day of February, 1997.

                             CB COMMERCIAL REAL ESTATE SERVICES
                             GROUP, INC.



                             By     /s/ James J. Didion
                                ------------------------------
                                     James J. Didion
                                   Chairman of the Board
                                 and Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement on Form S-8 has been signed below by the following persons in the
capacities and on the date indicated:

 
        Signature                 Title                Date
        ---------                 -----                ----
                              Chairman of the
                                Board, Chief
                              Executive Officer
  /s/ James J. Didion           and Director       February 10, 1997
  ---------------------
  James J. Didion

                                      -6-
<PAGE>
 
                              Senior Executive
                               Vice President
                                 and Chief
                             Financial Officer
 /s/ David A. Davidson                             February 10, 1997
 -----------------------
 David A. Davidson
                              Executive Vice
                              President and
                                Principal
                               Accounting        
 /s/ Ronald J. Platisha          Officer           February 10, 1997
 -----------------------
 Ronald J. Platisha

 
 /s/ Stanton D. Anderson
 -----------------------         Director          February 10, 1997
 Stanton D. Anderson
 
 
 /s/ Gary J. Beban               Director          February 10, 1997
 ------------------------ 
 Gary J. Beban
 
 

 ------------------------        Director
 Richard C. Blum                                 
 
 
 
 /s/ Richard C. Clotfelter       Director          February 10, 1997
 ------------------------
 Richard C. Clotfelter
 
 
 /s/ Daniel A. D'Aniello         Director          February 10, 1997
 -------------------------
 Daniel A. D'Aniello
 
 
                                 Director
 -------------------------
 Hiroaki Hoshino
 

                                      -7-
<PAGE>
 
 /s/ George J. Kallis            Director         February 10, 1997
 -------------------------
 George J. Kallis
 
 
 -------------------------       Director
 Takayuki Kohri
 

 -------------------------       Director
 Paul C. Leach
 
 
 /s/ Frederic V. Malek           Director         February 10, 1997
 -------------------------
 Frederic V. Malek
 


 /s/ Lawrence J. Melody          Director         February 10, 1997
 -------------------------
 Lawrence J. Melody
 

 /s/ Jeffrey S. Morgan           Director         February 10, 1997
 -------------------------
 Jeffrey S. Morgan
 
                                 Director
 -------------------------
 Peter V. Ueberroth
 
                                 Director
 -------------------------
 Gary L. Wilson

                                      -8-
<PAGE>
 
                 CB COMMERCIAL REAL ESTATE SERVICES GROUP, INC.

                               INDEX TO EXHIBITS
                                        
<TABLE> 
<CAPTION> 

Ex. No.                Description
-------                -----------
<C>     <S> 
        
4.1*     Specimen form of certificate for the Registrant's Common Stock filed as
         Exhibit 4.1 to Amendment No. 2 to the Registrant's Form S-1
         Registration Statement, File No. 333-12757

5        Opinion of Karen A. Tallman, Esq.

23       Consent of Arthur Andersen LLP

25       Powers of Attorney (reference is hereby made to page 6)
</TABLE> 

____________________
*   Incorporated by reference.
[{"type": "S-8", "sequence": "1", "description": "REGISTRATION STATEMENT ON FORM S-8", "secsgml_size_bytes": 15839}]
{"company-data": {"conformed-name": "CB COMMERCIAL REAL ESTATE SERVICES GROUP INC", "cik": "0000852203", "assigned-sic": "6500", "irs-number": "521616016", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-21597", "film-number": "97525013"}, "business-address": {"street1": "533 S FREMONT AVE", "city": "LOS ANGELES", "state": "CA", "zip": "90071-1798", "phone": "2136133123"}, "mail-address": {"street1": "533 S FREMONT AVE", "city": "LOS ANGELES", "state": "CA", "zip": "90071-1798"}, "former-company": [{"former-conformed-name": "CB COMMERCIAL HOLDINGS INC", "date-changed": "19920703"}, {"former-conformed-name": "CB ACQUISITION CORP", "date-changed": "19890731"}]}
As filed with the Securities and Exchange Commission on February 11, 1997
                                                     Registration No. 333-     
________________________________________________________________________________

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ______________________

                                    FORM S-8
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
                             ______________________

                 CB COMMERCIAL REAL ESTATE SERVICES GROUP, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                                          52-1616016
(State or other jurisdiction of                      (I.R.S. Employer
 incorporation or organization)                       Identification Number)

       533 South Fremont Avenue
       Los Angeles, California                             90071-1798
(Address of Principal Executive Offices)                   (Zip Code)

                   L.J. MELODY ACQUISITION STOCK OPTION PLAN
                            (Full Title of the Plan)
                             ______________________

                            Walter V. Stafford, Esq.
              Senior Executive Vice President and General Counsel
                          CB Commercial Holdings, Inc.
                            533 South Fremont Avenue
                       Los Angeles, California 90017-1798
                                 (213) 613-3588
                 (Name, Address and Telephone number, including
                        area code, of agent for service)
CALCULATION OF REGISTRATION FEE
----------------------------------------------------------------------------------------
 
Title of             Amount     Proposed Maximum       Proposed           Amount of
Securities to        to be       Offering Price    Maximum Aggregate    Registration
be Registered      Registered      Per Share        Offering Price         Fee(1)
-------------      ----------   ----------------   -----------------    ------------
90,750
Common Stock         shares            $10.00          $907,500            $275.00
----------------------------------------------------------------------------------------
(1) The registration fee has been calculated pursuant to Rule 457(h) as reported
    on the Nasdaq National Market on February 5, 1997.
PART I
              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.   Plan Information.*
------    ----------------  

Item 2.   Registrant Information and Employee Plan Annual Information.*
------    -----------------------------------------------------------  

*  Information required by Part I to be contained in the Section 10(a)
   prospectus is omitted from this Registration Statement in accordance with
   Rule 428 under the Securities Act of 1933 and the Note to Part I of Form S-8.

                                    PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.   Incorporation of Documents By Reference.
------    --------------------------------------- 

          The following documents, filed with the Securities and Exchange
Commission (the "Commission") by the Registrant, are hereby incorporated by
reference in this Registration Statement:

          1.   The Registrant's Annual Report on Form 10-K for the year ended
   December 31, 1995.

          2.   The Registrant's Quarterly Reports on Form 10-Q for the quarters
   ended March 31, 1996, June 30, 1996 and September 30, 1996.

          3.   The Registrant's Current Report on Form 8-K dated July 3, 1996
   and Amendment No. 1 thereto filed with the Commission on September 16, 1996.

          4.   The Registrant's Current Report on Form 8-K dated January 30,
   1997.

          5.   The information with regard to the Registrant's Common Stock
   contained in the Form 8-A filed with the Commission, File No. 0-18525,
   pursuant to section 12 of the Securities Exchange Act of 1934, including any
   subsequent amendments or reports filed for the purpose of updating such
   information.

          All documents subsequently filed by the Registrant pursuant to
sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such
documents.

                                      -2-
Item 4.   Description of Securities.
------    ------------------------- 

          Not applicable.

Item 5.   Interests of Named Experts and Counsel.
------    -------------------------------------- 

          Not applicable.

Item 6.   Indemnification of Officers and Directors.
------    ----------------------------------------- 

          Section 145 of the Delaware General Corporation Law (the "DGCL")
empowers a corporation to indemnify its directors, officers, employees and
agents under certain circumstances. Article Sixth of the Registrant's Fourth
Restated Certificate of Incorporation provides that the Registrant shall
indemnify, to the fullest extent permitted by applicable law as it presently
exists or may be amended, all directors and officers of the Registrant. Article
Fifth of the Fourth Restated Certificate of Incorporation further provides that
no director of the Registrant shall be liable to the Registrant or its
stockholders for monetary damages for any breach of fiduciary duty as a
director, except to the extent such exemption from liability or limitation
thereof is not permitted under the DGCL as it presently exists or may be
amended.

          Additionally, the Registrant maintains a policy of liability insurance
to insure its officers and directors against losses resulting from wrongful acts
committed by them in their capacities as officers and directors of the
Registrant, including liabilities arising under applicable securities laws.

Item 7.   Exemption from Registration Claimed.
------    ----------------------------------- 

          Not applicable.

Item 8.   Exhibits.
------    -------- 

          See Index to Exhibits.

                                      -3-
Item 9.   Undertakings.
------    ------------ 

          (a) The undersigned Registrant hereby undertakes:

          (1) To file, during any period in which offers or sales are being made
   of the securities registered hereby, a post-effective amendment to this
   Registration Statement:

             (i)   To include any prospectus required by section 10(a)(3) of the
        Securities Act of 1933;

             (ii)  To reflect in the prospectus any facts or events arising
        after the effective date of this Registration Statement (or the most
        recent post-effective amendment thereof) which, individually or in the
        aggregate, represent a fundamental change in the information set forth
        in this Registration Statement;

             (iii) To include any material information with respect to the plan
        of distribution not previously disclosed in this Registration Statement
        or any material change to such information in this Registration
        Statement;

   provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
   the information required to be included in a post-effective amendment by
   those paragraphs is contained in periodic reports filed by the Registrant
   pursuant to section 13 or section 15(d) of the Securities Exchange Act of
   1934 that are incorporated by reference in this Registration Statement.

        (2) That, for the purpose of determining any liability under the
   Securities Act of 1933, each such post-effective amendment shall be deemed to
   be a new registration statement relating to the securities offered therein,
   and the offering of such securities at that time shall be deemed to be the
   initial bona fide offering thereof.

        (3) To remove from registration by means of a post-effective amendment
   any of the securities being registered which remain unsold at the termination
   of the offering.

        (b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 that is incorporated by reference in this
Registration Statement shall be deemed to be a new registration statement
relating to the securities offered herein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

        (c) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing

                                      -4-
provisions, or otherwise, the Registrant has been advised that in the opinion of
the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the
payment by the Registrant of expenses incurred or paid by a director, officer or
controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.

                                      -5-
POWER OF ATTORNEY

        Each person whose signature appears below constitutes and appoints James
J. Didion and David A. Davidson his or her true and lawful attorneys-in-fact and
agents, each acting alone, with full powers of substitution and resubstitution,
for him or her and in his or her name, place and stead, in any and all
capacities, to sign any or all Amendments (including Post-Effective Amendments)
to this Registration Statement, and to file the same, with all exhibits thereto,
and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, each acting alone,
full power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as fully to all
intents and purposes as he or she might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents, each acting alone, or
his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.

                                   SIGNATURES

        Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Los Angeles, State of California, on this 10th
day of February, 1997.

                             CB COMMERCIAL REAL ESTATE SERVICES
                             GROUP, INC.

                             By     /s/ James J. Didion
                                ------------------------------
                                     James J. Didion
                                   Chairman of the Board
                                 and Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement on Form S-8 has been signed below by the following persons in the
capacities and on the date indicated:

 
        Signature                 Title                Date
        ---------                 -----                ----
                              Chairman of the
                                Board, Chief
                              Executive Officer
  /s/ James J. Didion           and Director       February 10, 1997
  ---------------------
  James J. Didion

                                      -6-
Senior Executive
                               Vice President
                                 and Chief
                             Financial Officer
 /s/ David A. Davidson                             February 10, 1997
 -----------------------
 David A. Davidson
                              Executive Vice
                              President and
                                Principal
                               Accounting        
 /s/ Ronald J. Platisha          Officer           February 10, 1997
 -----------------------
 Ronald J. Platisha

 
 /s/ Stanton D. Anderson
 -----------------------         Director          February 10, 1997
 Stanton D. Anderson
 
 
 /s/ Gary J. Beban               Director          February 10, 1997
 ------------------------ 
 Gary J. Beban
 
 

 ------------------------        Director
 Richard C. Blum                                 
 
 
 
 /s/ Richard C. Clotfelter       Director          February 10, 1997
 ------------------------
 Richard C. Clotfelter
 
 
 /s/ Daniel A. D'Aniello         Director          February 10, 1997
 -------------------------
 Daniel A. D'Aniello
 
 
                                 Director
 -------------------------
 Hiroaki Hoshino
 

                                      -7-
/s/ George J. Kallis            Director         February 10, 1997
 -------------------------
 George J. Kallis
 
 
 -------------------------       Director
 Takayuki Kohri
 

 -------------------------       Director
 Paul C. Leach
 
 
 /s/ Frederic V. Malek           Director         February 10, 1997
 -------------------------
 Frederic V. Malek
 

 /s/ Lawrence J. Melody          Director         February 10, 1997
 -------------------------
 Lawrence J. Melody
 

 /s/ Jeffrey S. Morgan           Director         February 10, 1997
 -------------------------
 Jeffrey S. Morgan
 
                                 Director
 -------------------------
 Peter V. Ueberroth
 
                                 Director
 -------------------------
 Gary L. Wilson

                                      -8-
CB COMMERCIAL REAL ESTATE SERVICES GROUP, INC.

                               INDEX TO EXHIBITS
Ex. No.                Description
-------                -----------
4.1*     Specimen form of certificate for the Registrant's Common Stock filed as
         Exhibit 4.1 to Amendment No. 2 to the Registrant's Form S-1
         Registration Statement, File No. 333-12757

5        Opinion of Karen A. Tallman, Esq.

23       Consent of Arthur Andersen LLP

25       Powers of Attorney (reference is hereby made to page 6)
____________________
*   Incorporated by reference.