Doug Parkerson
                                                806 Newman Dr.
                                                Austin, TX 78703
     
     
April 13, 1998
     
Jonathan Katz
SEC
450 Fifth Street, NW 
Washington, DC 20549
     
RE: File No. SR-NASD-98-21
     
     
Dear Mr. Katz:
     
As a public customer over the past two years, I have typically traded 
200 to 400 trades a day.  I have, therefore, witnessed first hand the 
many changes the NASDAQ has undergone during that time period, and I am 
writing to express my disapproval of the Actual Size Rule. 
     
My ability to have an order filled has diminished greatly since the 
inception of the rule for the pilot 150 stocks. The primary reason for 
this is that during the times when I really need to execute an order, 
the liquidity disappears behind what we call an "ECN block".  This 
happens when a small ECN order is placed to stop any SOES executions, 
while the market makers reduce their size to 100 shares.  When the ECN 
is finally released, the liquidity is gone.
     
My greatest fear and frustration is that the voice of the public 
customer will be drowned out by the NASD who seems to conduct its own 
investigations to confirm its preconceived conclusions.  That is why I 
am counting on the SEC to protect the rights and privileges of the 
little guy.
     
Sincerely,
     
     
     
Doug Parkerson
Public Customer