Date:    12/23/1999  7:18 PM

Subject: File No. S7-24-99
 
Greetings  --
     
I learn with interest proposed changes which might work to weaken the 
rules governing short selling.
     
I  oppose any change which would make it easier for predatory market 
manipulators to damage investors, investments, public companies, or any 
market.
     
I believe that I've seen the destructive influence at work.  I believe 
that I've also felt it.
     
I feel that sufficient flexibility already exists regarding short 
selling.
     
Please do not consider any action which would put the small investor at 
an increased risk.
     
I appreciate this opportunity to comment on the proposed rule change 
concept release.
     
Please feel free to contact me if I might be of assistance to you in 
these regards.
     
                    Very truly yours, 
 
                    James S. Nasby