Author:  "Dick Yost" 
Date:    03/21/2000  11:51 AM

Subject: Proposed Regulation FD

I support the proposed regulation.  For the markets to be both fair and 
efficient to all, it is very important that more emphasis be placed on companies
disclosing information to the public using methods which enable all investors to
access the information at the same time.  Selective disclosure unfairly benefits
those insiders with access to the selective disclosure.  More importantly 
selective disclosure hurts the overall public confidence in the fairness of the 
market, because those people outside the selective disclosure insiders are at a 
competitive disadvantage.  Elimination of the practice of selective disclosure 
should improve the markets efficiency by encouraging more people to participate.
I have not reviewed the proposed regulation in detail; so I feel it is important
to mention one more issue.  Any new regulation should be structured to minimize 
the potential for use in lawsuits.  I do not support any existing or new 
regulations that enable trial lawyers to sue companies or their employees or 
directors.  These types of legal actions, while purportedly supporting 
shareholders, in actuality cause more harm than good to shareholders because the
legal costs and expenses far outweight any good.  Therefore, I only support new 
regulations that authorize only the regulatory authority to take action against 
companies and individuals that violate the regulations.  I oppose any 
regulations that enable non-regulatory people to file lawsuits.