Subject: File No. S7-31-99 

Date:    02/26/2000 2:13 PM
     
     
To the Securities and Exchange Commission:
     
regarding File No. S7-31-99 , I urge you to implement Regulation FD on 
selective disclosure.  As an individual investor, part of the reason I 
choose stock
mutual funds over buying stocks directly is that I know I can't get the 
same
information from companies that they would selectively give to financial
     
analysts.  For instance, the 26 February 2000 issue of the Macintosh 
Weekly
Journal (http://www.gcsf.com) reports that Apple Computer released 
important
details on earnings and marketing strategy to a Merrill Lynch analyst 
even though
Apple executives declined to give this information when directly asked 
about this
in a public forum.  Regulation FD would help ensure a level playing 
field for
individual investors and would promote confidence in the stock market.
     
Sincerely,
     
Emil Volcheck III, Ph.D.
information security analyst