Date:    03/21/2000  4:27 PM

Subject: Proposed Regulation FD

Dear Sirs:
     
I am an individual investor writing to offer my 
wholehearted support for Proposed Regulation FD.
     
I understand this regulation would combat the practice 
of selective disclosure of material information by 
requiring "fair disclosure" of such information. 
Specifically, I understand that this regulation
would require that:
     
(1) whenever an issuer intentionally discloses material
    information, it does so through public disclosure, 
    not through selective disclosure; and
     
(2) whenever an issuer learns that it has made a
    non-intentional material selective disclosure, 
    the issuer make prompt public disclosure of that 
    information.
     
I am a scientist and an individual investor who spends 
a great deal of time and effort trading securities, 
through a deep discount brokerage, for my own account.
     
I am not a "day-trader" who seeks to gain from tiny 
momentary fluctuations in stock prices. Instead, I 
study the fundamental characteristics of select 
companies in depth and try to assess the "intrinsic 
value" of such companies. Thus, although my focus
has been on small-cap high-tech companies, my holding 
period has usually been in excess of one year.
     
My only source of information is that which I obtain 
freely through public disclosure. Selective disclosure 
puts me at a significant disadvantage to mutual funds, 
financial institutions, banks, brokerages, and others 
who can afford the services of full-time analysts. 
     
While the American concept of democracy tolerates large 
disparities between "haves" and "have-nots" in terms of 
material assets, it has always espoused the notion of 
"equal opportunity" on a "level playing field". Selective 
disclosure creates an uneven playing field by enabling a 
privileged class to unfairly enrich themselves at the 
expense of other shareholders and investors. Consequently,
the practice of selective disclosure is distinctly un-American.
     
Sincerely,
     
Rob Preuss