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U.S. Securities and Exchange Commission

Commission Extends Submissions Deadline
for September 20 Hearing on
Auditor Independence Rule Proposals

FOR IMMEDIATE RELEASE

2000-119

September 12, 2000 Is Due Date for Submission of Written Materials

Washington, D.C., August 30, 2000 – The Securities and Exchange Commission late yesterday extended to September 12, 2000 the deadline by which the Commission must receive copies of oral statements or summaries of testimony by those requesting to testify at the September 20, 2000 public hearing on auditor independence. The date by which the Commission must receive materials for the September 13 hearing remains September 5, 2000.

Text of oral statements or summaries of testimony should be mailed to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, DC 20459-0609 or filed electronically at: rule-comments@sec.gov. All submissions should refer to Comment File No. S7-13-00. Electronic submissions should include "Comment File No. S7-13-00" and "Testimony" in the subject line. Copies of all requests to testify and other submissions and transcripts of the hearings will be available for public inspection and copying in the Commission's Public Reference Room at 450 Fifth Street, N.W., Washington, DC 20549. Electronically submitted requests and other materials will be posted on the Commission's Internet website (www.sec.gov) following the hearings.

The hearing on September 20 will be held in the William O. Douglas Room at the Commission's headquarters at 450 Fifth Street, N.W., Washington, DC 20549.

For further information contact: John M. Morrissey, Deputy Chief Accountant, Office of the Chief Accountant, at (202) 942-4400.

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Modified: 03/02/2000