Subject: Rule Filing SR-NASD-98-21
Date:    4/2/98 1:03 PM
     
     
In my opinion, the actual size rule should be adopted for the NASDAQ 
market.  Increasingly, the NASDAQ is moving from a quote driven market 
to an order driven market with the new order handling rules.  While 
minimum size may make some sense in a pure dealer market, we find 100 
shares as the typical minimum in our order driven markets.  Moving 
NASDAQ in that direction is sensible.
     
Sincerely,
     
Robert A. Wood
Distinguished Professor of Finance
The University of Memphis