FOR IMMEDIATE RELEASE                         99-159


  Corporation Finance Director Brian Lane to Join Law Firm
                              
     Washington, DC, November 29, 1999 -- Brian J. Lane,
Director of the Securities and Exchange Commission's
Division of Corporation Finance, today announced that he
will leave the Commission to become a partner at the law
firm of Gibson Dunn & Crutcher, based in their Washington,
DC office.  Mr. Lane will specialize in corporation finance
issues.

     SEC Chairman Arthur Levitt said, "Brian will be greatly
missed at the SEC, but his legacy will continue through his
many contributions and accomplishments during his 16 years
of service.  I wish him the very best as he embarks upon
this new chapter of his career."

     Mr. Lane said, "I am fortunate to have worked with so
many talented, intelligent, and hardworking colleagues at
the SEC.  I will look back on my time at the Commission with
great fondness and respect.  At the same time, I am excited
about the opportunities that lie ahead, and look forward to
the challenges and rewarding experiences that await me at
Gibson Dunn & Crutcher."

     Mr. Lane, who joined the Commission in 1983, was named
Director of the Division of Corporation Finance in March
1996 by Chairman Levitt.  Prior to that he served in a
variety of positions throughout the Commission, including
counsel to Chairman Levitt, counsel to Commissioner Richard
Roberts, and staff attorney with the Divisions of
Corporation Finance and Market Regulation.  Throughout his
SEC tenure, Mr. Lane made his mark in the areas of plain
English, small business, and regulatory simplification.

                         #    #    #