Date:    12/17/1999  9:34 AM

Subject: Selective reporting issue

I have always wondered why the brokers/analyst are provided inside 
information without disclosing it.  It has been very disturbing, 
especially when investment decisions are based on current company 
information and plans.
     
There is a problem with this in that companies looking for financing 
need to be able to discuss future plans without being the subject of law 
suits, since if these plans are disclosed it could encourage speculation 
and volatility  You might want to make a provision whereby Companies and 
investment bankers engaged in arranging immediate, additional financing 
would have some protection, not much, but some.
     
I have always wondered why companies can disclose important information 
to a select group and not make this information public.
Thank you for setting this right.
     
William H. Kirn