FOR IMMEDIATE RELEASE                                  97-79



            COMMISSIONER WALLMAN SETS DEPARTURE DATE
          
     

     Washington, D.C., September 23, 1997 -- The Securities and
Exchange Commission today announced that Commissioner Steven M.H.
Wallman will officially leave the Commission on or about September
30, 1997, pending the completion of Commission business.
     
     Following his departure, Commissioner Wallman expects to
become involved in various business and public policy pursuits. 
Mr. Wallman is currently considering several private sector
positions or starting his own business in the finance, technology,
and electronic commerce fields.  He will make a decision soon.  In
addition, the Commissioner will maintain his involvement in public
policy by becoming a non-resident, senior fellow at the Brookings
Institution, where he will focus on a variety of discrete projects,
including electronic commerce and financial services.
     
     
     

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