Author:  Victor Pei 
Date:    09/08/2000  3:51 PM

Subject: File No. S7-30-00

I am very concerned about the potential for a conflict of interest when 
auditing firms also perform consulting services for the audited clients.  I 
would feel much more comfortable if there was either a rule to prevent 
auditors from also consulting for the same client or at least place a cap on 
the amount of revenues the auditors may receive for consulting (say 
consulting revenues may be no more than 75% of the revenues that the 
auditors receive for performing their audits).  Please make sure that the 
role of the independent auditor remains independent.  Thank you.