Date:    05/24/2000  5:19 PM

Subject: Advisers' disclosures

Dear Sirs,
     
The Advisers/Broker dealers should be liable to post their short position on any
given stock whenever their  short holding is +1% of total number of shares of 
the company they are shorting.
     
A couple of years back, this could have been impossible to do, but now with the 
Electronic data transfer that we are all accustomed to have and see, this rule 
could very easily be implemented.
     
This disclosure would enable anyone to know the short positions +1%  of many 
companies that are betting against the normal outlook of a company. Mind you 
these same short positions could if coordinated with other short positions drive
the price of a stock to the ground for the sake of maybe being their competitor.
To do this would be a criminal offense to the company and to well thought 
investors, thus we demand to know the short position of +1% of the company's 
stock.
     
Every mid month we all get to know the short position on any given stock, but 
not of the individual companies that make up that statistic. The lack of  this 
information, prevents the ordinary investor of a great tool to make investment 
decisions.
     
The disclosure of this info would be of a great benefit to everyone and stop 
abuses by those companies or individiuals that have obscure reasons for holding 
large quantities  of short positions.
     
Look forward to your inclusion, and thanks in the name of many millions of small
investors,
     
Manuel Varela
     

     
Caracas, Venezuela