Date:    09/19/2000  9:49 AM

Subject: Proposed rule - ref. file no. S7-13-00, Revision of the Comm

I am a CPA.  My national organization, the American Institute of CPA's, seems to
be in a panic over your proposed rule.  They say it's too much in one rule, 
among other things.
     
I have been a CPA since 1981.  When I received my license I was very proud of my
achievement because I had worked very hard.  My pride has continued over the 
years, in part, because of my perception of the public's trust in my profession.
     
In the Executive Summary of your proposed rule you express the importance, and 
your concern, of the public's trust in the indepentent auditor amidst recent 
developments (since 1983) in my profession.  I share your concern.
     
My firm is small...two CPA's.  I do not have the resources of the SEC or the 
AICPA to examine this proposed rule.  But, the bottom line is that the public's 
trust and interest must come first, even if it comes at a cost to my profession.
     
I appreciate the opportunity to have my opinion heard.
     
Sincerely,
     
Jesse W. McDougal, CPA