Date:    03/23/2000  12:09 PM

Subject: Selective Disclosure

So long as there is an officially recognized and tolerated pipeline of 
"insider" information, which SELECTIVE DISCLOSURE is, there will be a 
basis for the rumors and fears that the financial markets are really 
controlled by the big boys who know much more than the rest of us.  Even 
worse, the belief that we are being lied to, cheated and otherwise 
bamboozled by these insiders is strengthen every time a selective 
disclosure session is held and significant swings in price follow and 
are later shown to be related to the information presented in that 
session.
     
Do the right thing and outlaw such dispersal of information.  Certainly 
brokerages and companies have the right to hold meetings with whomever 
they choose, but if material information is known to be or thought to be 
on the agenda or comes up in any way, the company and the brokerage must 
be required to give full and immediate disclosure, even simultaneous 
disclosure,  through reasonable financial news channels,  through all 
channels if the company and/or the news is sufficiently material.
     
G. Mahlon Hutto

     
P. O. Box 4616
Columbus, GA 31904