Date:    03/21/2000  4:18 PM

Subject: selective disclosure

To the SEC
     
I am in favor of severly limiting or eliminating altogether the practise 
of selective disclosure. Selective disclosure really operates as just 
another form of insider trading, since the information gets to a 
selected (read "favored") few who can act on it before the unsuspecting 
public. It is really a matter of fairness. Selective disclosure 
undermines that sense of confidence in the system so necessary to 
maintain the integrity of the securities markets.
     
Robert G. Merrelli
An investor