Date:    03/22/2000  1:10 PM

Subject: Selective disclosure leads to illegal insider trading
 
In my opinion, any disclosure of information to a limited class of 
investors is disclosure of inside trading; such investors should be 
absolutely prohibited from trading in the security involved until such 
information is made public.  I believe that if the SEC took their rules 
about insider trading seriously, then any investment professional who 
used such limited disclosure to trade or to advise others to trade would 
be considered an inside trader and sanctioned.
     
Eric T. Roach