FOR IMMEDIATE RELEASE                                    2000-73

    Gregg W. Corso, Senior Counsel To Chairman Arthur Levitt,
        To Leave The Commission After 13 Years Of Service
                                
     Washington, DC, June 2, 2000 -- Gregg W. Corso, Senior
Counsel to Securities and Exchange Commission Chairman Arthur
Levitt, will leave the Commission today after 13 years of
service.  He will become a partner in the law firm of Cooley
Godward, where he will spend time in the firm's Palo Alto,
California and Reston, Virginia offices.  A successor has not yet
been named.

     Chairman Levitt said, "Gregg has been an indispensable
adviser and a good friend.  His passion and brilliance were the
driving forces behind so much of the Commission's most important
policy initiatives.  His never-ending ideas and fidelity to the
basic principles of financial reporting have left an indelible
mark.  I wish him continued success in this next exciting stage
of his career.  I will miss him greatly."

     Mr. Corso said, "My departure brings me a measure of both
pride and sadness: pride in having had the privilege for the past
thirteen years to be part of an organization so firmly committed
to the public interest; sadness in realizing that I will leave so
many friends and truly extraordinary and talented people.  Over
the last few years, I've also had the particular pleasure of
working closely with Arthur Levitt.  I thank him for being a
terrific boss and, more importantly, for being my friend."

      Mr. Corso, 38, has been Counsel to the Chairman since 1996,
and was named Senior Counsel in 1999.  In his position, Mr. Corso
advised the Chairman on a variety of corporate finance,
accounting, and corporate governance issues.  Mr. Corso played a
central role in the Commission's ongoing campaign to improve the
quality of financial reporting and to maintain the independence
of auditors.  He was also instrumental in shaping the rules that
improved disclosures relating to corporate audit committees.
From 1993 to 1996, he was Chief of the Office of Mergers and
Acquisitions in the Division of Corporation Finance.  Prior to
that time, he served in a variety of positions in the Division of
Corporation Finance beginning in 1986.  In addition, Mr. Corso
was a member of the Adjunct Faculty at the Georgetown University
Law Center from 1994 to 1998.

     Mr. Corso received both a B.S. and J.D. from Boston
University.

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