FOR IMMEDIATE RELEASE                             97-26


     CHAIRMAN ARTHUR LEVITT ANNOUNCES THE APPOINTMENT OF
      CHRISTOPHER ULLMAN AS DIRECTOR OF PUBLIC AFFAIRS
                              
                              
     Washington D.C., March 26, 1997 -- Chairman Levitt
today announced the appointment of Christopher W. Ullman as
Director of the Office of Public Affairs, Policy Evaluation
and Research.  Mr. Ullman, 33, will serve as the spokesman
for the Securities and Exchange Commission and will
coordinate public awareness of the Commission's actions
through the media.  He will replace Jennifer Scardino, who
was recently appointed as Chairman Levitt's Chief of Staff.
Mr. Ullman will start work at the Commission on April 7.

     Chairman Levitt said, "Chris's background ideally suits
his new position at the SEC.  Between his work in the U.S.
House of Representatives as press secretary for the Budget
Committee and his efforts in the private sector as director
of communications for the American Electronics Association,
Chris has consistently proven his talents.  His ability to
grasp complicated issues and create clear explanations will
be a tremendous asset here at the Commission."



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