FOR IMMEDIATE RELEASE                                  98-129

 Duncan King Promoted to Deputy Director of the Office 
                      of Public Affairs

     Washington, DC, December 9, 1998 -- The Securities and
Exchange Commission today promoted Duncan King to Deputy Director
of the Office of Public Affairs.  Mr. King has served in the
Office of Public Affairs since 1996.  This past fall Mr. King
also served on a detail as Acting Deputy Director in the Office
of Legislative Affairs.  While there he skillfully facilitated
communications between the Hill and the Commission during the
final months of the 105th Congress.

     "Duncan is a tremendous asset to the Commission and the
Office of Public Affairs.  He has superb judgment, boundless
energy, and a remarkable level of commitment to the fair and
timely dissemination of news to the public," said Chris Ullman,
Director of the Office of Public Affairs.

     As Deputy Director, Mr. King will play an important role in
the management of the Office and will continue as a key advisor
to the Director.  The Deputy Director position has been vacant
for two years.

     Prior to joining the SEC, Mr. King worked at the NewsHour
with Jim Lehrer.

     Mr. King, 25, received his B.A. from McGill University.

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