Date:    12/16/1999  9:16 PM
Subject: Proposed Regulation FD

In the interest of true market efficiency, the proposed rule is a major 
step in the right direction.  Selective disclosure distorts the markets 
and siphons off investment dollars to analysts whose only value added is 
getting relevant information first.  Requiring all material information 
about a company's performance to be released to the public and the media 
is an appropriate response on the part of the SEC, and this rule appears 
to be what is needed.  Thank you.
     
Karen B. Moser
1119 Brooke Rd.
Capitol Hts.  MD  20743