FOR IMMEDIATE RELEASE                             98-118

    David Becker and Meyer Eisenberg Named Deputy General
                          Counsels
                              
     Washington, D.C., October 29, 1998 --  Securities and
Exchange Commission Chairman Arthur Levitt today named David
Becker and Meyer Eisenberg Deputy General Counsels in the
Office of the General Counsel.  Mr. Becker and Mr.
Eisenberg, both seasoned securities attorneys, will succeed
Paul Gonson as Deputy General Counsel.  Mr. Becker joined
the Commission this week and Mr. Eisenberg will begin his
duties December 1.

     Chairman Levitt said, "I am especially pleased that
Meyer and David have agreed to serve the Commission as
Deputy General Counsels.  Their expertise and vast knowledge
of the securities laws make these gentlemen invaluable
resources to the Commission.  I look forward with great
enthusiasm to working closely with them."

     Harvey Goldschmid, the Commission's General Counsel,
said, "Meyer and David are superb lawyers, who will add
great talent and experience to our present strength.  I am
delighted that we could attract them to this most important
government service."

     As Deputy General Counsels, Mr. Eisenberg, 66, and Mr.
Becker, 51, will help manage and lead the Office of the
General Counsel.  The Office represents the Commission in
all actions pending in appellate courts, advises the
Commissioners on all enforcement and rulemaking matters, and
assists the Commission with its adjudicatory
responsibilities.

     From 1982 until coming to the Commission, Mr. Becker
was a partner at Wilmer, Cutler & Pickering in Washington,
D.C.  His principal areas of practice were securities
enforcement and litigation.  He also has substantial
experience in legal ethics matters.  Before joining the
firm, Mr. Becker was Assistant Deputy General Counsel at the
Department of Health, Education & Welfare from 1977 to 1978.
From 1974 to 1975, he served as a law clerk to the Hon.
Stanley Reed, former Associate Justice of the United States
Supreme Court.  Mr. Becker graduated with his A.B. from
Columbia College in 1968.  He received his J.D. from
Columbia University in 1973, and was Editor-in-Chief of the
Columbia Law Review.

     Mr. Eisenberg is with the Washington, D.C. office of
Kramer, Levin, Naftalis & Frankel.  He specializes in
securities, financial services, and corporate matters.  From
1970 to 1993 he worked as a partner at several law firms in
Washington, D.C.  From 1959 to 1970, Mr. Eisenberg was a
member of the staff of the Commission, where he served as
Associate General Counsel (1969-1970) and Executive
Assistant to Chairman Manuel F. Cohen (1968-1969).  From
1958 to 1959 he served as law clerk to Chief Justice William
M. McAllister of the Supreme Court of Oregon.  Mr. Eisenberg
received his B.A. from Brooklyn College in 1953 and his J.D.
from Columbia Law School in 1958.

                       #      #      #