Date:    12/28/1999  3:15 PM

Subject: Proposed Regulation FD

Dear Sirs--
     
I would like to submit my comments on this pending legislation for your 
review.  Until recently, I was unaware that the practice of selective 
disclosure was accepted by the SEC and, quite honestly, I am appalled by it. 
In my opinion, this practice is clearly a case of insider trading;  trading 
based on information not generally known to the public.  
     
The advantages trumpeted by Wall Street types such as their ability to 
digest the information and better disseminate it to the general public is a 
slap in the face to the investing public.  I am certainly able to understand 
the meaning behind a profit warning or earnings forecast as well as any 
trader in New York.  
     
The disadvantages are real and painful to the individual investors who 
aren't "in" with the brokerages which get the selectively disclosed 
information, however.   It creates an unlevel playing field.  What else 
needs to be said.  Please level it!
     
Thank you for your time,
     
Ted Freeman