The Virginian-Pilot
                             THE VIRGINIAN-PILOT 
              Copyright (c) 1996, Landmark Communications, Inc.

DATE: Friday, May 24, 1996                  TAG: 9605240559
SECTION: LOCAL                   PAGE: B9   EDITION: FINAL 
SOURCE: ASSOCIATED PRESS 
DATELINE: RICHMOND                          LENGTH:   52 lines

BOGUS $100 BILLS PASSED IN VIRGINIA IF YOU KNOW WHAT TO LOOK FOR, SAYS THE SECRET SERVICE, IT'S EASY TO SPOT FAKES.

Counterfeit $100 bills have been passed in Chesterfield County, Hopewell and Petersburg, Secret Service special agent Ronald Shell of Richmond said Thursday.

So far, 14 copies of the new bill, with its oversized portrait of Benjamin Franklin, have been successfully spent, primarily at grocery stores, fast-food places with drive-up windows, convenience stores and discount outlets - places where people hurry in and out, Shell said.

The bills look real to the untrained eye, and they feel real, but there are many differences, Shell said.

Clerks need to learn how to detect the fake bills, he said.

``The watermark portrait of Benjamin Franklin, only visible when the bill is held up to the light, is missing . . . and the polymer thread on the left side should read USA 100,'' he said. ``It can't be reproduced using the methods by which these bills are reproduced.''

Shell said the bills were printed using some kind of computer, computer scanner, full-color copier or color printer.

Shell said the red and blue hairlike fibers visible in all U.S. currency should also be visible in the new $100 bills.

The real notes have ink in the lower right-hand corner that appears to change color from light green to black when the bill is viewed at an angle.

``I think what we're dealing with here as much as anything else is an educational issue - instructing the community and business people what to look for,'' he said.

The counterfeit bills all have the same serial number, AE31554916A. They have the Federal Reserve number E5, face plate number D104 and back plate number 34.

Shell said descriptions of the suspects vary. ``They've been black and white, male and female,'' he said. ``We don't have anyone in custody, we've not made any arrests,'' he said.

The Franklin bill was first released March 25 and was the first distinctly different note in U.S. currency since 1928. It had been touted as virtually counterfeit-proof.

``This is the first time (they've been passed) in our district and the first time in the state, to my knowledge,'' Shell said. ILLUSTRATION: Photo

ASSOCIATED PRESS

Secret Service agent Ronald Shell compares a counterfeit $100 bill,

top, with a genuine one, bottom, in his Richmond office. Clerks

should learn the difference between the two, he said. by CNB