Date:    12/17/1999  7:02 AM
Subject: Proposed Fair Disclosure Regulation

I am an attorney and business analyst for a publicly-held corporation, and 
am also a private investor. I strongly support the proposed regulation that 
would require companies to make public all disclosures of material corporate 
information. This regulation is long, long overdue. As millions of 
individuals are now entering the investment arena, the market cannot afford 
to allow unfair access to information by instutional investors to undermine 
the confidence (and returns) of individual investors. Companies also will 
benefit greatly from this regulation, as it will reduce the need to pander 
to insider Wall Street analysts in order to receive more favorable market 
ratings.
     
This will NOT have a chilling effect on the flow of information (contrary to 
the spin efforts of the Securities Industry lobbying group); in fact, the 
effect will be quite the opposite.
     
Daniel DeVoe
Minneapolis, MN