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									                                  UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION



   SECURITIES EXCHANGE ACT OF 1934
   Release No. 50801 / December 7, 2004

   ADMINISTRATIVE PROCEEDING
   File No. 3-11514
   __________________________________________
                                                           :
   In the Matter of                                        :
                                                           :       Order Approving Plan of
   FIDELITY NATIONAL CAPITAL                               :       Fund Distribution and
   INVESTORS, INC.,                                        :       Appointing Administrator
                                                           :
   Respondent                                              :
   ___________________________________________             :

On October 5, 2004, the Commission published notice of the Plan of Disgorgement and Fair
Fund Distribution ("Plan") proposed by the Division of Enforcement ("Division") in this
proceeding. The Commission orders that the $125,000 paid by Fidelity National Capital
Investors, Inc., comprised of disgorgement and prejudgment interest in the amount of
$25,000.00, and civil penalties in the amounts of $75,000.00 be placed in a Fair Fund pursuant to
Rule 1100 of the Commission’s Rules on Fair Fund and Disgorgement Plans. The proposed plan
of distribution provides that the funds be distributed, on a pro rata basis, to investors who had
money deposited into the account of Mark Drucker at Fidelity National Capital Investors, Inc.
(Account # 28309219, formerly Account # 4G-01295-8) from the inception of the account in
December 1997 through September 1999, or who otherwise participated in the investment
scheme of Mark Drucker. The Commission received no comments in response to the publication
of the Division's proposed Plan.

       The Division proposes in its Plan that Nancy Chase Burton, Assistant Chief Litigation
Counsel, Washington D.C. Office, be designated as Administrator of the Plan. The Division has
requested that the Commission approve the Plan and appoint Nancy Chase Burton as
Administrator of the Plan. Accordingly,

       IT IS ORDERED that the Plan is approved; and

        IT IS FURTHER ORDERED that Nancy Chase Burton is appointed as Administrator of
the Plan in accordance with the terms of the Plan.

       For the Commission, by its Secretary, pursuant to delegated authority.
    Margaret H. McFarland
    Deputy Secretary




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