Date:    03/22/2000  12:57 PM

Subject: Regulation FD

I applaud the SEC's proposal to require full PUBLIC disclosure of all 
company information rather than selective disclosure to privileged ears 
only.  This will help level the playing field for average 
consumers/investors, who are increasingly making their own investment 
decisions, thanks to the internet.  Present norms of disclosure are 
self-serving and have the potential to mislead, slant and unduly 
influence investors.  The longer longer we continue with selective 
disclosure, the harder it will be to dislodge it.  Public disclosure 
will serve as a means of  "checks and balances" in a system that would 
otherwise be kept under the vale of secrecy.  The potential for misuse 
should be evident to any "thinking" person.
     
I do have some concerns however.  Of primary concern is that the 
proposed changes might be watered down through the influence of those 
privileged few whose would stand to lose from any such changes.  I am 
also concerned about the strength of the rules so as not to allow for 
different interpretations and loopholes.  Lastly, the consequences for 
violation of these rules should be strong enough to deter those who 
would seek to circumvent the intent.
     
Please count me among the many individual investors who view this rule 
change as long overdue and greatly needed.
     
Sincerely,
     
Mark E. Phelps
Liverpool, N.Y.  13088