FOR IMMEDIATE RELEASE                                  99-38

Future Investors Open Trading at the New York Stock Exchange

     Washington, D.C., April 26, 1999 -- Seven students
representing the next generation of America's savers and
investors rang the bell to open trading this morning at the
New York Stock Exchange.  The bell ringing ceremony also
marked the start of the Facts on Saving and Investing
Campaign's efforts to encourage young people to learn about
saving and investing.

     "There are few things that are more important to know
in life than knowing how to manage your money, and there's
no better time to start learning about saving and investing
than when you're young," said Nancy Smith, Director of the
Securities and Exchange Commission's Office of Investor
Education and Assistance.

     "The need for an informed and educated public is more
important today than ever as the number of Americans who
invest their savings in the equities marketplace continues
to grow at an incredibly rapid pace," said NYSE Chairman and
Chief Executive Officer Richard A. Grasso.

     "It's especially important to reach the next generation
of investors, America's youth," Grasso added.  "By equipping
our young people with a sound foundation of knowledge and
awareness of the capital marketplace, we are investing in
their future and in our nation's future.  The Exchange is
proud of our long-standing and continuing commitment to
investor outreach and our partnership with the Facts on
Saving and Investing Campaign."

     Among the students ringing the bell this morning were
the three first-place winners of the National Endowment for
Financial Education's Financial Literacy Awards.  The
students, who received $5,000 each from the endowment, won
for their essays, posters and websites that addressed the
theme "Savings -- My Springboard to Success."  According to
Elizabeth Schiever, coordinator of the national competition,
the purpose of the Financial Literacy Awards is "to promote
life-long financial responsibility among young people by
recognizing teens who display, through their winning
entries, an outstanding knowledge of money management
concepts."

     The four pre-school children represent of the Greater
New York YMCA, which is one of many youth and investor
organizations participating in investor and market education
programs offered by the New York Stock Exchange.

     The Facts on Saving and Investing Campaign is a
national partnership of government agencies, educational
organizations, consumer groups, and business associations
organized to help Americans of all ages save and invest
wisely.  During the week of April 25 - May 1, campaign
partners in nearly every state will offer financial literacy
programs with a special emphasis on young people, whether
still in school or just entering the workplace.
                              
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     The opening bell feed beginning at 9:25 a.m. EDT and
closing bell feed beginning at 3:55 p.m. EDT are available
daily via fiber line at:  Waterfront #1630, #6209 and #6277.
The NYSE Daily News Feed is available from 2:30-2:45 p.m.
(EDT) by satellite at the following coordinates:  Telstar 4
C-Band, Transponder 20, Audio 6.2 and 6.8, and by fiber line
at Waterfront #1630,  #6209 and # 6277.  A re-broadcast of
the NYSE Daily News Feed is also available following the
closing bell feed and can be accessed by fiber line at
Waterfront #1630.