Date:    07/22/2000  10:11 AM

Subject: (no subject)

I whole heartedly agree with the intent of the FD approach to reducing the 
unfair advantage of the select few analysts which receive advance knowledge 
of financial disclosure from the various companies. I believe that FD will 
help level the playing field for small investors like myself. It is sad to 
note that in the recent past there have been a number of instances where 
large blocks of stock have been traded and then a drop in the stock price 
occurs one or two days later. It would almost seem that someone knows in 
advance that this will occur.
     
Fred Michel
13827 C.R. 761
Alvin, TX 77511