Date:    12/19/1999  7:24 PM

Subject: Proposed Regulations FD

Chairman Levitt:
     
For what it is worth I would just like to comment that I am one of those small 
private investors. I semi-retired two years  ago and begin doing my own 
investing, research, etc via the internet and on line brokerage firm.  I was a 
small business owner for 28 years and feel that my experience in business is 
sufficient. But I  was absolutely amazed when I became real serious about 
investing as to how the small investor is at such a large disadvantage when it 
comes to information from corporate America.  My prime example was I owned 
Genetech for 5 years. Last year they were purchased by Roche Phmt. which I knew 
was going to happened. However, I was never informed that I would have an 
opinion to buy the new stock back until it was to late, but all the inside 
people such as the big mutual fund firms, employees, etc where informed, but the
small investor was screwed.  It is definitely that ALL information that is 
available to the BIG boys become available to the small private investor also. 
Please consider all the facts on the Proposed Regulations FD.  Thanks Ed Swanson