FOR IMMEDIATE RELEASE                             2000-68

   SEC Chairman Arthur Levitt Praises Partnership Between
     ICI Education Foundation and National Urban League

      Washington, DC, May 18, 2000 -- Securities and Exchange
Commission Chairman Arthur Levitt today praised the Investment
Company Institute Education Foundation and the National Urban
League, Inc. for their joint efforts in creating the
"Investing for Success" Campaign.  The Campaign, which was
announced today, is designed to increase awareness of sound
investing principles among minorities through a series of
brochures, articles, videos, and seminars.

      Chairman Levitt said, "I commend the ICI Education
Foundation and the National Urban League for jointly providing
investors with easily accessible and useful information about
investing.  The Investing for Success Campaign complements the
Commission's efforts to educate investors and I applaud this
significant development."

     The Commission has an extensive investor education
campaign designed to improve the financial literacy of
investors.  Both the Commission and the ICI are major sponsors
of the Facts on Savings Campaign, a joint effort among
government agencies, financial industry associations, and
consumer organizations to help Americans get the facts they
need to invest wisely.  In addition, the Commission has posted
on its website <www.sec.gov> information and tools to educate
investors and help them meet their financial goals.  For
example, the website contains a brochure about investing in
mutual funds <www.sec.gov/consumer/mperf.htm>, as well as a
Mutual Fund Cost Calculator <www.sec.gov/mfcc/mfcc-int.htm>, 
which is a tool investors can use to calculate and compare 
the costs of mutual funds with different fee structures.

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