Date:    01/23/2000  10:45 PM


Subject: S7-31-99

January 23, 2000
     
Dear SEC:
     
I support this change, particularly regulation FD.
     
Perhaps in an era when technology did not allow broad and immediate 
disclosure of information, selective disclosure to agents who could 
effectively distribute information into the marketplace made sense. It is 
currently an anachronism that creates an assymetry of information yielding 
economic advantage to those on the right side of it, without any 
compensating benefit to the market as a whole to justify its continued 
tolerance. This artificial wall needs to be torn down.
     
What arguments are there for the continuation of selective disclosure???
     
Darrell Craig, Seattle, WA
No professional affiliation of any kind; individual investor