FOR IMMEDIATE RELEASE                                     99-106

Washington, DC, August 30, 1999

                         MEDIA ADVISORY

   Media Briefing To Outline Securities Industry's Efforts To
                      Prepare for Year 2000

    What: The Securities and Exchange Commission, the
          President's Council on Year 2000 Conversion, the
          National Association of Securities Dealers, the
          Securities Industry Association, and the Investment
          Company Institute will conduct a media briefing to
          outline the extensive steps undertaken by regulators
          and Wall Street to ensure that it will be "business as
          usual" when the year 2000 arrives.
          
     Who: Arthur Levitt, chairman of the Securities and Exchange
               Commission
          John A. Koskinen, chair of  the President's Council on
               Year 2000 Conversion
          Frank G. Zarb, chairman and CEO of the National
               Association of Securities Dealers
          Marc E. Lackritz, president of the Securities Industry
               Association
          Matthew P. Fink, president of the Investment Company
               Institute
          
    When: Tuesday, September 7, 1999
          10:00 a.m. EDT
          
   Where: Securities and Exchange Commission
          450 Fifth Street, NW
          William O. Douglas Room
          
   Other: For credentialed media only.

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