Subject: New SEC Rules Author: "DICK LAM" Date: 4/12/99 1:13 PM LAM SECURITIES INVESTMENTS, INC. 235 MONTGOMERY STREET, SUITE 1002 SAN FRANCISCO, CALIFORNIA 94104 (TEL.) 415-398-6181 (FAX) 415-398-7045 April 12, 1999 Mr. Jonathan G. Katz Secretary Mail Stop 0609 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549-0609 RE: S7-8-99 Dear Mr. Katz: I have reviewed the proposed rules concerning Year 2000 readiness and public disclosure of Year 2000 problems. At this time, I do not have any corrections, amendments, or changes to the new rules proposed. Lam Securities Investments,Inc. will continue to be in full compliance with the rules and in particular, the new rules proposed and administered by the Securities and Exchange Commission. If you require further discussion concerning this matter, please do not hesitate to call me at (415- 398-6181. Sincerely, Dick Lam President & CEO DL/ac