Date:    12/16/1999  10:06 AM

Subject: Proposed Rule FD

I am a small individual investor with over 15 years experience and I do not 
use a broker. I faithfully monitor my investments, their prices, their 
activity, and (most of all) the news and press releases made public since I 
do not have direct access to company officials.
Over the years I have noticed a trend whereby stock prices move (up or down) 
in advance of a "public notice". Because of the internet I have much more 
information than a few years ago and I have it in "real time" (as opposed to 
a few years ago). I find it discouraging that I am still not able to have the 
same information as brokerage analysts or companies or individuals that have 
large positions or other "stakes" inside companies. I read 10Q's and other 
"official" filings, but by the time they are released or otherwise available 
to the public prices have moved.
I also have "wandered" around chat rooms and bulletin boards and find the 
information available there suspect and of dubious nature.
What am I saying - not enough "official" information is readily available (to 
small individual investors) and too much "suspect" information is available. 
The only reason these chat rooms and bulletin boards exist and have blossomed 
is the lack of credible, official publicly availabe information.
     
David C. Braa