Subject: File No. S7-10-04
From: Steve Burris
Affiliation: individual investor

May 9, 2005

My comments pertain to the proposed changes in sub-penny pricing of stocks traded on the NASDAQ and NYSE.

I favor the continued sub-penny pricing for NASDAQ and NYSE shares priced between 1 and 5.

Some news articles seem to indicate that sub-penny pricing will only be available for shares priced below 1 and that this will take effect in July 05.

If you have any info as to when or if a change will be made ... or if a decision has already been made, please let me know.

Many Thanks