Date:    09/16/2000  10:00 PM

Subject: File No. S7-13-00

 I find it absolutely important that auditors and consultants be completely 
separated.  As a former corporate employee, I know the closeness that exists 
between the two supposedly distinct disciplines.  Actually, the "wall" that 
separates them doesn't exist at all.
     
As an investor who has never been an accountant, I would welcome some form of 
distinct, complete separation.  This is in the best interests of the 
companies that are being served by the two, respective disciplines.  And, 
without a doubt, it is in the best interests of all investors, large and 
small.
     
W. Masuda
     
San Diego, CA
(further personal information upon written request)