Date:    03/21/2000  10:57 PM

Subject: Proposed Regulation FD

     
     
Dear Chairman Levitt-
     
I am writing to voice my opinion in favor of the above regulation. If we 
are to encourage the growth of free market capitalism there must be a 
level playing field for all. The current situation in which analysts and 
institutional clients are informed before the rest of us about upcoming 
company earnings obviously gives them an unfair advantage. But perhaps 
more importantly, it helps create the type of two tiered society where 
wealth accumulates in an increasingly small upper-class. As the under 
classes become impoverished they have less money to spend and the 
economy slows or grinds to a halt. "Selective disclosure" is just a nice 
phrase for corruption. Look at the corrupt economies of the third world 
that are filled with this sort of favoritism There simply isn't any 
movement of money.
     
Free market economies need to be free for all, not only for the sake of 
fairness, but in order to sustain themselves.
     
Sincerely, Terry Morris an independent trader