Date:    03/22/2000  6:38 AM

Subject: Proposed Rule:  Selective Disclosure and Insider Trading

Gentlemen: 
          It is important that you end the practice of selective disclosure by
publicly traded companies.  Mr. Kaswell talks about a chilling effect on 
companies, but no such effect would occur.  Because of current insider trading 
rules, companies are already required to plan disclosures.  The new rule would 
do no more than require publication of conference calls, etc.  Mr. Kaswell's 
opposition appears to be due to a desire to keep certain brokers in business 
rather than to avoid a chilling effect.
            I am a lawyer and trade through Charles Schwab.  I research my stock
trades using publicly available information.  I have become convinced that 
brokers who work on large commissions or fees act in their own interest rather 
than in mine.  I am not sure what the future holds, but as of now, investors are
better served by public disclosure than by "professionals".  I hope the 
regulation will be adopted. 
     
Tom Gill