FOR IMMEDIATE RELEASE                                   2000-95

                                                                 
  SEC Chairman Levitt and Treasury Secretary Summers To Conduct
               Investors Town Meeting in Cleveland
                                
Free Program Will Offer Area Residents Practical Tips for Saving
                          and Investing

     Washington, D.C., July 12, 2000 -- Cleveland area residents
who want to learn more about saving and investing wisely will get
their chance when U.S. Securities and Exchange Commission
Chairman Arthur Levitt and U.S. Department of Treasury Secretary
Lawrence H. Summers conduct an Investors Town Meeting at the
Cleveland Convention Center on Tuesday, July 25, 2000.

     Chairman Levitt and Secretary Summers will offer practical
financial tips and answer audience questions during a ninety-
minute general session that will begin at 6:00 p.m.  The free
program will also feature a series of educational seminars on
stocks, bonds, mutual funds, and other financial topics at 4:30
p.m. and 7:45 p.m.

     "Our financial markets have created unprecedented
opportunities for American families, but investing in the stock
market will always entail risk," Levitt said.  "The more you know
about setting financial goals and choosing investments that match
your objectives and tolerance for risk, the more likely you will
achieve financial security."

     "Too many Americans lack the basic financial knowledge
necessary to prepare them for the future," said Secretary
Summers.  "By planning for your future and using the power of
compound interest, even small investments can generate
substantial wealth for your retirement."

     In addition to the SEC and the Department of Treasury, the
town meeting will be sponsored by the Cleveland Plain Dealer,
Cleveland Saves, and the National Partners for Financial
Empowerment (NPFE).  Launched in April by Secretary Summers, NPFE
is a national partnership of government agencies and private
sector organizations that works to promote personal finance
education among individuals, and in schools, workplaces, and
other institutions.

     Cleveland Saves is a coalition of nearly 100 Greater
Cleveland-area employers, unions, nonprofits, and financial
institutions that has been working with the nonprofit Consumer
Federation of America to encourage Clevelanders to save and build
wealth.

     "The visit from Chairman Levitt and Secretary Summers will
highlight the opportunities for Cleveland area citizens to save
and do so wisely," said (Ret.) U.S. Senator Howard H. Metzenbaum,
Chairman of the Consumer Federation of America.

     Admission is free, but reservations are recommended because
seating is limited.  To reserve a seat, call 1-877-399-4064, or
send an e-mail to rsvp@sec.gov.  Anyone who needs auxiliary aids
to attend the town meeting, such as a sign language interpreter,
should request them at the time of reservation.

     The town meeting will be the 38th of a national series
launched by the SEC in 1994 to promote public understanding of
the securities markets and awareness of the risks and rewards of
investing.

                                
                                
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Press Contacts:

SEC
  John J. Nester
  (202) 942-7083       
  nesterj@sec.gov

Treasury
  Bill Buck
  (202) 622-2960 
  bill.buck@do.treas.gov

Cleveland Saves
  George Barany
  (216) 881-9650
  george@wecofund.org

CFA
  Stephen Brobeck
  (202) 387-6121
  sbrobeck@essential.org