FOR IMMEDIATE RELEASE                             2000-26

 Elizabeth K. King Named Associate Director of the Division
                    of Market Regulation

     Washington, DC, March 8, 2000 - Securities and Exhange
Commission Market Regulation Director Annette L. Nazareth
today announced that Elizabeth K. King has been named
Associate Director in that Division.  In her new position,
Ms. King will share responsibilities with current Associate
Director Belinda Blaine for the Office of Market
Supervision, including regulation and oversight of the
exchanges and the NASD.

     Ms. Nazareth said, "Elizabeth is a tremendous asset to
the Division.  She is hard working, and her abilities will
prove invaluable during this important period in the
development of our securities markets.  Her judgment and
advice have been key to the success of many of the important
reforms to the U.S. securities markets.  I know she will be
a success in her new position."

     Ms. King has been an attorney in the Division of Market
Regulation since 1993, serving most recently as Senior
Special Counsel to the Director.  In that position, she
played a central role in developing the Commission's
positions on many important market issues.  Ms. King also
led the team of lawyers that updated the Commission's
regulation of national securities exchanges and alternative
trading systems.

     Ms. King, 33, is a graduate of the University of
Pennsylvania School of Law and Duke University.  She is a
member of the Virginia and District of Columbia bars.

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