FOR IMMEDIATE RELEASE                                  99-117

First Annual Municipal Securities Roundtable Agenda Released

     Washington, DC, September 20, 1999 -- The Securities and
Exchange Commission's Office of Municipal Securities today released
the agenda for its First Annual Municipal Market Roundtable, which
will be held on October 14, 1999, at SEC headquarters in
Washington, DC from 8:30 a.m. to 5:30 p.m.

     The roundtable will provide a forum for all municipal market
participants, including issuers, underwriters, bond counsel,
financial advisors, scholars, and regulators, to explore current
issues in disclosure and other practices in the municipal
marketplace.  Senior officials from the Commission's Divisions of
Market Regulation, Corporation Finance, Enforcement, and 
Investment Management, and Offices of General Counsel and 
Municipal Securities will also participate.

     Office of Municipal Securities Director Paul S. Maco said,
"Our primary goal is to promote candid and constructive dialogue
among the various industry players.  Having leaders from all
segments of the municipal market together at one table will
contribute significantly to the industry's ability to understand
its various goals and better achieve them."

     Chairman Arthur Levitt will open the roundtable with
introductory remarks.  There will be four panel discussions, each
led by a moderator.  The roundtable will be open to the public and
free of charge.  Seating, which is on a first-come, first-serve
basis, will be limited.  For additional information call
202.942.7300.

Agenda:

1.   Opening Address -- Arthur Levitt, Chairman, Securities and
     Exchange Commission

2.   Panel I - Bringing Bonds to Market -- Issues Arising in
     Primary Offerings

3.   Panel II - After the Closing -- Issues Arising Throughout the
     Life of a Bond Issue

4.   Panel III - Electronic Disclosure

5.   Panel IV - Fiduciary and Other Duties

6.   Closing Remarks -- Paul Maco, Director, Office of Municipal
     Securities


                             #  #  #