April 11, 1977 12:00 PM

Walter Parkes, 25, spent a year investigating a neo-Nazi group in Northern California, and the result is a shocking 58-minute documentary titled The California Reich. Parkes became interested in the National Socialist White People’s Party, as it is called, after reading about a demonstration in a newspaper. Persuading members to agree to be filmed took several months. The son of a Beverly Hills plastic surgeon, Parkes grew up interested enough in music to study woodwinds, piano and guitar. (He is the backup guitarist for “Loretta Haggers” when she sings on Mary Hartman, Mary Hartman.) At Yale he majored in social anthropology and took up film seriously as a graduate student at Stanford, where he met Keith Critchlow, his partner in California Reich. A segment of the film, shown on CBS’s 60 Minutes recently, evoked “unprecedented viewer response,” the network said. Parkes wants to move on to feature films now, explaining, “I would do another documentary under the right circumstances, but generally I feel that it’s very difficult to make films come alive when the actors are nonprofessional.”

Marian Adams is bullish about a woman’s chances on Wall Street. That’s because she recently became the first female First Vice-President ever to handle financial matters (there’s another in public relations) at the investment banking firm of Blyth Eastman Dillon. Working in the Municipal Finance Division, Adams, 27, helps bring the revenue bonds of cities to market. (One of her department’s clients is Philadelphia, which has sold $325 million in bonds with her help.) The daughter of a sales manager for an appliance distributor, the Wichita native got a psychology degree from Northwestern in 1969, did market research and joined Blyth in 1973 after picking up a Stanford M.B.A. Adams says being a woman in her job is no problem—”the least of my concerns is being discriminated against with respect to dollars.” First V.P.’s salaries usually begin at $25,000. Single, Adams lives on Manhattan’s East Side. About the only drawback to her 60-to-70-hour week is a “weak net game” in tennis. As for her goals on “the Street,” she says, “If you had asked six months ago, I would have said First Vice-President. Now that that’s out of the way, I have to work hard to live up to the position.”

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