Date:    08/11/2000  3:11 PM

Subject: File No. S7-16-00   Proposed Disclosure of Order Routing

Thank you for considering the proposed rule to disclose order routing and 
costs by broker/dealers.
     
Without this knowledge, brokers are able to collect fees at investors 
expense without the investors' knowledge.  I think you should adopt this 
rule and I strongly support it.
     
I am only an individual investor, not having any professional affiliations. 
I have recently opened an on-line (internet) trade account.  The access and 
ease of trading is great;  however, I do think that the brokers should be 
disclosing any of the information influencing the costs.  Especially if they 
are being paid to send orders to certain market makers.
     
Thank you.
     
Gary L. McFarland
213 Hillview Dr.
Goleta, CA 93117