FOR IMMEDIATE RELEASE
                                                  2000-105



         MICHAEL CONLEY NAMED FIRST RICHARD W. JENNINGS
                         ATTORNEY-FELLOW



          Washington, DC, August 1, 2000 - David M. Becker,
General Counsel of the Securities and Exchange Commission,
announced today that Michael A. Conley has been named to be the
Commission's first Richard W. Jennings Attorney Fellow and will
serve in the appellate litigation group of the Office of the
General Counsel beginning in October 2000.

     Mr. Conley, age 37, currently is the managing partner of the
Washington office of the law firm of Pillsbury Madison & Sutro,
LLP, where he has been a member of the intellectual property and
complex commercial litigation groups, with an emphasis on
appellate litigation.  Prior to joining the firm he was a law
clerk for Judge Abner J. Mikva of the United States Court of
Appeals for the District of Columbia Circuit and for Justice
Harry A. Blackmun of the United States Supreme Court.  Mr. Conley
is a 1989 graduate of the Boston University School of Law, where
he was Editor-in-Chief of the Boston University Law Review.
     
     Mr. Becker stated, "I am delighted that Michael Conley has
agreed to join the Commission's staff and to be the first Richard
Jennings fellow, and we look forward to working with him.  He
brings to the Commission a combination of skills and experience
that will make him a superb addition to the appellate staff."
     
            The Commission created the Richard W. Jennings
Attorney Fellowship last year, in memory of Professor Jennings of
the University of California at Berkeley.  Professor Jennings, an
eminent scholar and teacher, was a pioneer in the study and
development of securities regulation.



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