Date:    03/22/2000  8:46 AM

Subject: Proposed Regulation FD

The proposed rule is good, and will promote a more efficient market.  Any 
material disclosure of information from a public corporation must be shared 
with the entire investing community, to prevent both the appearance and the 
actuality of insider trading and conflict of interest.
     
Selective disclosure is equivalent to insider trading:  The privileged 
entities receiving the selectively disclosed information have an opportunity 
to profit from that information, at the expense of the majority of investors 
who do not receive the selective disclosure.  
     
Selective disclosure also raises the possibility of conflict of interest. 
The person/corporation receiving the selective disclosure is placed in the 
position of having received a valuable consideration from the disclosing 
corporation.  The receiving entity is thus under pressure to "return the 
favor", perhaps through making recommendations which favor the disclosing 
corporation.  The receiving entity is under the implied pressure that it 
might not be granted the next round of selectively disclosed information.
     
     
Thank you.
     
art polansky
no corporate affiliation
owner of common shares in several SEC-regulated USA corporations.