Date:    08/26/2000  12:14 PM

Subject: Reference File No. S7-13-00

Dear Secretary Katz,
     
I don't know what the large accounting firms did to require you to propose 
such regulations (proposed rule, 65 Fed. Reg. 43, 148 (2000)), but that's 
between you and them.  However, government agencies rarely keep such 
regulations at the level of original intention.  While such regulations 
might start out affecting only SEC audits you and I both know it will not 
stop at that level.  Before you know it, every tom dick and harry agency 
will copycat the regulations, and then it becomes bad regulation.  And 
believe me I can see how such proposed regulations will affect by 
livelyhood.  While General Motors might be able to engage and retain 
multiple firms to perform their professional services - my clients cannot. 
Therefore, you are pushing the first domino - doing a disservice to my 
clients and to me and my firm.  Stop the madness.  There is no reason for 
it.  If you need a legacy get it someplace else and at someone else's 
expense.
     
Fred Gale