Date: 03/22/2000 4:29 PM Subject: re: Proposed Regulation FD To Whom It May Concern: I quote from Mr. Kaswell's comments regarding the Proposed Rule: Selective Disclosure & Inside Trading: "We fear that the proposal will severely undercut the flow of high quality information to investors. One principal function of securities analysts is to screen, distill, and evaluate "raw" information. Without an opportunity to digest and interpret news before it becomes public, investors have less guidance on the possible significance of corporate announcements when they are made (and firms have less reason to pay analysts to perform this valuable function). Without the opportunity for analysis to create a context for the public to assess news, far greater volatility is likely to result when news is disclosed. In short, we are concerned that a "chat room" environment may come to prevail, where objective and professional analysis will be drowned out by self-serving, uninformed, or confused reactions to new information" As an individual investor, I take offense to this veiled implication that the individual investor is a moron. With access to the Internet, I am able to make informed investment decisions. I have begun to realize how necessary it is to take "the pros" comments with a large grain of salt-in other words, check everything out on my own. I strongly support Mr. Levitt's efforts to level the playing field. Regards, Jennifer Jhaveri