FOR IMMEDIATE RELEASE                        2000-89


WEBSITE   FOR  INVESTMENT  ADVISER  REGISTRATION  DEPOSITORY
              (IARD) ELECTRONIC FILING ANNOUNCED

          Washington,  D.C.,  June 30,  2000  --  Today  the
     Commission announced a new website
     http://www.sec.gov/IARD/ with important information  for
     SEC-registered investment advisers on electronic filing
     through  the Investment Adviser Registration Depository
     (IARD).  The IARD is expected to become operational  in
     January  2001  following a pilot  program.   Using  the
     Internet,  investment advisers will be able to  make  a
     single electronic filing through IARD that will satisfy
     both SEC and state notice filing requirements.
     
          The website has news about the IARD Pilot Program,
     IARD  accounts  and filing schedules, and  it  will  be
     updated regularly.  Development of the IARD is a  joint
     effort   by  the  Commission  and  the  North  American
     Securities  Administrators  Association.   (Press  Rel.
     2000-89)
     

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