Date:    04/01/2000  9:52 AM
Subject: Removal of selective disclosure

To Whom It May Concern:
     
As an individual investor, I strongly support your actions to propose 
legislation/rules that prevent selective disclosure.  Selective disclosure is 
not fair to individual investors because it creates an uneven playing field.
     
Yours very truly,
     
Raymond H. Johnson, Ph.D.
851 Abbey Street
Birmingham, MI 48009