Date:    12/17/1999  11:30 AM
Subject: Proposed Regulation FD

Greetings,
     
I am glad to hear the SEC is looking into the matter of the "selective 
disclosure" of information by publicly held companies.  The practice of 
restricting information to a select cadre of analysts, brokers, and 
institutions, is detrimental to the majority of investors.  It makes it 
impossible for an individual to make reasoned decisions on their 
investments, be they individual stocks, 401(k), IRAs, or mutual funds.
     
Small individual investors are left "holding the bag" after the "chosen" 
strike like lightning at the opening bell, using the information they 
obtain in secret to sweep up profits (or avoid losses).   I also believe 
that "full public disclosure" would increase the level of rationality to 
the markets, eliminating some of the surprises, and volatility, that 
occur when only the "inner council" have the relevant information.
     
My suggestion would be that the SEC require disclosures by public 
companies be available to the general public in a variety of acceptable 
formats.  This information must be easy to find and access. There are a 
number of technical solutions to this requirement.  These include 
conference call access via telephone and internet audio/video, posting 
of transcripts/press releases with audio/video/text on web sites.  The 
technical and cost burden of these are very small and should not impact 
a company very much, especially in the text only formats posted to a 
website.  $40 a month to a web hosting service, and a typist to write up 
the information should not break the cash flow management of a company.
     
Thank you for your efforts and listening to my opinion.
     
Sincerely
     
Thomas G. C. Nelson
tnelson3@ix.netcom.com