Date:    4/6/99  12:43 PM

Subject: File No. S7-30-98

Mr. Katz:
   I am responding to the acceleration of 10-Q and 10-K due dates proposal.
  My company is a medium sized financial institution that has been SEC reporting
since December of 1983.  Since that time the preparation of the 10-Qs and 10-Ks 
have obviously become more familar however, the additional reporting 
requirements of the SEC and GAAP have greatly added to the time needed to 
complete the filings.  The reduction of 15 days for the 10-Q filing and 30 days 
for the 10-K filing would require additional staff, additional staff time as 
well as potentially compromising the accuracy of some filings.  These are not 
positive issues for anyone involved.
   Business complexities will also increase  for all companies as companies grow
and compete with other world-wide companies thereby again, straining the 
reporting function. 
   I thank you for the opportunity to respond to your proposals.  
     
   Sincerely,
     
    Rick B. Colberg, Sr.V.P. & CFO
    First Northern Capital Corp.