Date:    03/21/2000  4:04 PM

Subject: Proposed Regulation FD
 
As a small investor trying to manage my IRA, I am all for "leveling the 
playing field".  In this age of mass communication and self education, there 
is little reason to have "intermediaries"(brokers & analysis) "help" 
(recommend) with investment decisions.  The very nature of having 
information made available to a select few (as in closed conference calls) 
goes against the American tradition of "fair play" and creates situations 
where stock price manipulation occurs.  I have the tools, knowledge base and 
desire to make my own investment decisions.  What I need is access to the 
same information at the same time the "privileged" few has.  
     
By virtue of my owning 1 share in a company, I should have access to the 
same information a large institution may have.  
     
If nothing else, I feel the regulations do not go far enough to protect the 
small investor.  With the advent of the internet, a majority of the 
shareholders a company could be emailed information as soon as it is 
released.  If you are a shareholder, you should be the first to know how 
your company is doing.
     
Please continue to promote changes to the current system so small investors 
have access to same information at the same time as the rest of "Wall 
Street" has.  
     
The free flow of information and ideas will only help the market to develop.
     
Thank you for your consideration.
     
Richard L. Sayer