Subject: SR-NASD-98-21
Date:    4/13/98 10:38 PM
     
     
       TO WHOM IT MAY CONCERN:
I AM WRITING THIS LETTER IN RESPONSE TO THE NASDAQ PROPOSED ACTUAL SIZE 
RULE. I AM A PUBLIC CUSTOMER AND HAVE BEEN TRADING ON THE NASDAQ STOCK 
MARKET FOR THE PAST FIVE YEARS. I HAVE SEEN MANY CHANGES IN  THE NASDAQ 
SYSTEM, SOME OF WHICH HAVE BEEN GOOD, AND SOME HAVE NOT. THE CURRENT 
PROPOSAL TO LET MARKET MAKERS LOWER THEIR ACTUAL SIZE TO 100 SHARES 
WOULD BE A CRUSHING BLOW TO SMALL INVESTORS THAT TRADE NASDAQ STOCKS. THE 
CURRENT ORDER HANDLING RULES THAT ARE IN EFFECT NOW MAKE IT NEARLY 
IMPOSSIBLE TO GET AN EXECUTION FOR MORE THAN 100 SHARES AT THE CURRENT BID 
OR OFFER. AS IT IS THERE IS NO DEPTH,LIQUIDITY,OR SIZE IN THE SECOND AND 
THIRD TIER NASDAQ STOCKS. TO ADD INSULT TO INJURY MOST OF THESE STOCKS 
TRADE WITH 3/4 TO ONE POINT SPREADS OR LARGER! ( ie: BLDPF, LHSPF,ICIX,VTSS,
ETC.) THE NASDAQ JUST SETTLED A ONE BILLION DOLLAR CLASS ACTION SUIT 
WITH THE PUBLIC OVER SUCH ISSUES AS COLLUSION,MARKET MANIPULATION, POOR 
EXECUTIONS,ETC,ETC. IF THE SEC PASSES THE ACTUAL SIZE RULE THIS WILL ONCE 
AGAIN ALLOW THE MARKET MAKERS TO BENEFIT AT THE COST OF THE SMALL INVESTOR!
     
     
                                             SINCERELY;



                                             ROD STEVENSON
		                                 3400 BONNIE RD.        
                                             AUSTIN, TX. 78703