FOR IMMEDIATE RELEASE                                      98-90

Washington, D.C., September 22, 1998

                         Media Advisory
                                
                  SEC Chairman Arthur Levitt to
               Deliver Major Address on Accounting
                                
                Media Briefing to Precede Speech


  Speech:   Securities and Exchange Commission Chairman Arthur
            Levitt will deliver a major address on the state of
            financial reporting and will outline a new
            Commission action plan to improve the quality of
            reported earnings.
            
    When:   Monday, September 28, 1998; 8:00 p.m.
            
   Where:   New York University School of Law Martin Lipton Hall
            110 West 3rd Street New York City
_________________________________________________________________
            
Briefing:   Due to the late hour of the address, Chairman
            Levitt, SEC Chief Accountant Lynn Turner and SEC
            General Counsel Harvey Goldschmid will conduct a
            media briefing prior to the speech.  NYU Professor
            William Allen, Chairman of the Independence
            Standards Board and director of NYU's Center for Law
            and Business, will host the briefing.
            
    When:   Monday, September 28, 1998; 1:00 p.m.
            
   Where:   New York University Stern School of Business 40 West
            4th Street, 4th floor Conference Room New York City
            
 Embargo:   Information from the briefing will be embargoed
            until 6:00 p.m. the same day.

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