April 13, 1998 Mr. Jonathan Katz Secretary Securities and Exchange Commission 450 Fifth Street, NW Washington, DC 20549 RE: Rule No. SR-NASD-98-21 Dear Mr. Katz: As a small investor I would like to take this opportunity to address the proposed rule change that eliminates the 1000 share minimum order size. It is my assumption that the automated trading system currently be used by NASD was implemented after the "crash" of 1987 to add liquidity to the market place. This system provides small investors the ability to have 1000 share orders executed during down markets thus not allowing Market Markers to hide behind 100 share orders or perhaps not answering their telephones during volatile periods. By reducing the minimum order size to 100 shares, the NASD will have virtually reduced the Market Makers obligation to all investors and created a similar system to the one that failed in 1987. For this reason alone I think it is imperative for the NASD to maintain a minimum order size of 1000 shares to enable all investors in the market place some standard of liquidity. Sincerely, Darren Bueche Public Customer 451 Fallen Oak New Braunfels, TX 78132 (830) 905-2018