Date:    12/22/1999  9:36 PM

Subject: Full disclosure

I support the SEC's efforts to level the information playing field regarding 
the covert disclosure of information to brokerage firms via conference calls 
and other "limited access" avenues of communication. I believe in the 
efficient market model and that less than full information, immediately and 
broadly available does not serve the markets or the public well. Thank you 
for the opportunity to respond.
Randy Black, MD
Albuquerque, New Mexico