Date:    04/03/2000  10:52 PM

Subject: Re:File No. S7-05-00
     
     
   To:     rule-comments@sec.gov
From:     DB Sullivan 
                dsullivan@chx.com
Subject:  File No. S7-05-00
     
"We strongly object to the proposed elimination of the Financial Data Schedule 
(FDS). The FDS contains the only consistent and comparable data found in the 
10-K and 10-Q filings.
     
This information is invaluable to all types of investors , profesional and 
public alike. 
     
Your proposal to eliminate the requirement for filers to submit Financial Data 
Schedules in light of growing demand for such information that is a  standard 
format  thats works with popular software, this determination seems inconsistent
with your efforts to promote greater transparentcies in market place. 
     
Many software programs such as EXCEL can provide very sophisicaticated analysis 
from this raw data. Since Spreadsheet analysis has become defacto standard for 
businesses it would be incredible waste to make these functions obsolete.  In 
fact your decision from a cost benefit would require the retooling of data 
mining software at considerable expense
maybe millions. It is the ready availability of this type information in the 
public domain that help expand the role of the public investor. Your decision 
will foster the growth of private databases would tax investors for the very 
information they should be able access in a free society and may very well 
frustrate capital formation.
     
     
 In  information age we should provide more information not less because of the
multitude of information it is more important to have a way to  quickly assess 
the salient facts from reliable and creditable source such as the SEC.
     
     
Regards,
     
______DB Sullivan, former Exchange Governor of Chicago Stock Exchange