FOR IMMEDIATE RELEASE                             98-82



 DIVISION OF CORPORATION FINANCE ISSUES STAFF LEGAL BULLETIN
          NO. 7 ON COMMISSION'S PLAIN ENGLISH RULE
                              
     Washington, D.C., September 9, 1998 -- On September 4,
1998, the staff of the Division of Corporation Finance
issued Staff Legal Bulleting No. 7 (CF).  The bulletin
provides information concerning the plain English rule and
amendments adopted by the Commission on January 22, 1998.

     Generally, the rule and amendments, scheduled to take
effect on October 1, 1998, require companies filing
registration statements under the Securities Act of 1933 to
use plain English in the forepart of these filings;  write
the balance of the documents in a clear, understandable
manner;  and design the materials so that they are visually
inviting and easy to read.  Staff Legal Bulletin No. 7
represents staff views that will help filers and the general
public understand these new provisions.  It is not a rule,
regulation or Commission statement and the Commission has
neither approved nor disapproved its content.

     For further information concerning the rule or the
bulletin, contact Carolyn A. Miller, Attorney-Adviser, at
(202) 942-2890.

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