Subject: File # S7-7-98
Date: Fri, 3 Apr 1998 15:13:17 EST

Cedar Hill Financial Services, Inc. is a broker dealer that is a correspondent
of Mesirow Financial Inc.  In our opinion Year 2000 reporting to the SEC
should be confined to clearing firms and not introducing brokers.  It is the
clearing firms that process trades, issue statments and confirmations.  The
correspondent is reliant upon the systems of the clearing firm.  All an
introducing broker could say about Year 2000 problems in a disclosure to the
SEC would be that, in the opinion of the introducing firm, the clearing firm
is or intends to be compliant.  This would be a meaningless statement not
verifiable by the correspondent.  The SEC would be correct in charging
clearing firms with responsibility for Year 2000 issues.