Date:    01/29/2000  4:19 PM


Subject: RE:  File Number SR-NYSE-99-47

After finding out about the new NYSE proposal requiring an increase of 25 
thousand dollars in order to obtain margin instead of 2 thousand dollars.
     
From my own personal experience, I have learned that it is not the amount of 
money in the account that determines risk, but it is experience.  Even with an 
increase in the required balance to 25 K, it will not help make better trading 
decisions by traders, or decrease volatility.
     
I believe that it will only hurt the small investor, and keep us from obtaining 
equal footing with the more powerful special interest groups.  I feel this is 
very unfair, and would hurt the economy in the long run.  
     
I feel that there are much better alternatives which need to be reviewed before 
making any hasty decisions.  
     
Sincerely,
     
Jim Justin
Experienced small time investor