Date:    12/20/1999  12:47 PM

Subject: Proposed Regulation FD

Dear Madam or Sir:
     
I am writing to voice my support for the SEC's Proposed Regulation FD.
     
As an individual investor who actively manages a portfolio of individual 
stocks accumulated by my husband and me over the last 10 years, I regularly 
listen to quarterly earnings reports and all analyst conference calls from 
companies in which I invest when they are made available to the public. 
Companies such as Intel, Cisco Systems, and Oracle have been making this 
information available for years, either by taped replays available by phone 
or company website, or by live webcasts.
     
This information is invaluable to me.  For a long time I have thought that 
companies who put on "Road Shows" for the benefit of a select group of 
analysts do a disservice to investors such as myself.  I have found it 
difficult to understand why it is legal for a certain portion of the 
investment community to be provided valuable information about a given 
company before it is made available to the public.  To me this practice is 
nearly the equivalent of insider information.
     
As I understand it, the Proposed Regulation FD would eliminate these 
inequities, and I support its adoption.
     
Sincerely,
     
Susan L. Arnberg