Subject: 
Author:  <Dennis_P._Koch@TXFUND.COM> 
Date:    09/28/2000 4:09 PM
     
     
Revision of the Commission's Auditor Independence Requirements (Comments 
are due on or before September 25, 2000). June 30, 2000 [Release Nos. 
33-7870; 34-42994; 35-27193; IC-24549; IA-1884; File No. S7-13-00]
     
   In response to the above SEC issue on Auditor Independence:
     
   It is amazing to see how those in danger of being scrutinized in the 
   matters of independence, those who state they have the highest of such 
   integrity, are the only ones arguing against such a pure method of 
   guaranteeing independence.  Competition drives quality.  The passing of 
   this rule can only guarantee independence, nothing more or less.  While 
   not in the public accounting arena, I am still very much interested in the 
   integrity of an auditors independence, because I am a stakeholder in every 
   audit they perform.  There opinion of financial statements affects mine 
   and every other citizen of the US, because it is finance that drives the 
   economy, and it is people who make up that economy.
     
   Thanks for allowing me this opportunity to be heard,
     
   The silent, but ably vocal, majority