FOR IMMEDIATE RELEASE                                  99-54

 SEC Introduces New Publication: "International Investing --
                       Get The Facts"
                              
     Washington, DC, May 20, 1999 -- The Commission today
unveiled a new publication designed to help investors better
understand the issues involved with investing in foreign
companies.  The booklet contains basic information about
international investing, and highlights the differences
between investing in foreign companies versus U.S.
companies.

     The booklet explains the added costs of international
investments, as well as the different ways to invest
internationally.  It also lists resources investors can seek
out for more information if they are interested in investing
on a global level.

     More Americans have been investing abroad than ever
before.  There are currently more than 1,100 foreign
companies that are traded on U.S. markets and file reports
with the SEC on a regular basis.  Many more unregistered
foreign companies trade in the U.S. over-the-counter market.
Investors can also purchase shares directly on foreign
markets.

     Brian Lane, Director of the SEC's Division of
Corporation Finance, said, "Technological advances have
contributed to investors' increased interest in global
investment opportunities.  As a result, we want to make sure
investors understand the unique risks of international
investing and know how to find information about foreign
companies and markets before they invest."

       An on-line version of the International Investing
booklet is available on the SEC's website, at www.sec.gov.
Copies are also available by calling 1-800-SEC-0330.

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