FOR IMMEDIATE RELEASE                                    2000-129


  SEC Commemorates the 60th Anniversary of the Investment Company
                            Act of 1940
                                 
     Washington, DC, September 14, 2000 - To commemorate the 60th
Anniversary of the enactment of the Investment Company Act of
1940, the Securities and Exchange Commission will host a panel
discussion on October 4, 2000, featuring noted experts in the
mutual fund and investment management industry.  Current and
former directors of the Commission's Division of Investment
Management will speak about the impact of the Act during his or
her tenure and industry leaders will discuss the fund industry
today and how the Act has served to maintain the integrity of the
industry while facilitating tremendous growth and innovation.

     This panel discussion is the latest installment in the
Commission's ongoing Major Issues Lecture Series.

Who: 

     Paul Roye, Director of the SEC's Division of Investment
     Management

     Meyer Eisenberg, Deputy General Counsel of the SEC

     Barry Barbash, former Director of the SEC's Division of
     Investment Management

     Marianne Smythe, former Director of the SEC's Division of
     Investment Management

     Kathryn McGrath, former Director of the SEC's Division of
     Investment Management

     Joel Goldberg, former Director of the SEC's Division of
     Investment Management

     Sydney Mendelsohn, former Director of the SEC's Division of 
     Investment Management

     Anne P. Jones, former Director of the SEC's Division of
     Investment Management

     Allan Mostoff, former Director of the SEC's Division of
     Investment Management

     John Brennan, Chairman and CEO of The Vanguard Group

     Robert Pozen, Vice Chairman of Fidelity Investments

     Matthew Fink, President of the Investment Company Institute

When: October 4, 2000; 12:30 p.m. to 2:00 p.m.

Where: Securities and Exchange Commission
       William O. Douglas Room
       450 Fifth Street, N.W.
       Washington, DC

Other: The event is free of charge and open to the public.  No RSVP 
       is necessary.



                              #  #  #