Date: 4/12/98 9:36 PM Mr. Jonathan G. Katz, Secretary Securities & Exchange Commission Re: SR-NASD-98-21 Dear Mr. Katz: I wish to express my support for the National Association of Securities Dealers "Actual Size" proposal. I am of the opinion that mandatory size requirements reduces marketmaker participation in many NASDAQ companies. Such an artificial pricing mechanism creates a disincentive for commiting capital to marketmaking. Without marketmaker participation, the NASDAQ marketplace cannot survive. Therefore, I strongly support the "Actual Size" proposal. Sincerely, David L. Kahn Long Beach, California