Date:    12/19/1999  4:31 PM

Subject: Agree with Levitt

The system as it now exists is terribly unfair to the average investor 
who isn't privy to what amounts to insider information given to the 
analysts, who then act on it on behalf of their clients before making 
their opinions known. SEC Chairman Levitt appears to agree, the current 
system is not only bad for individual investors, but it is bad for the 
markets as a whole.
     
The system is an anachronism, and should be modified in whatever manner 
guarantees the opportunity for simultaneous access.
     
Respectfully,
     
P.W. Kokesh