Date:    4/6/99  12:33 PM

Subject: OTC BB reporting requirements - Amendments to Rule 15c2-11

Dear Mr. Katz:
     
I would like to state my opposition to the proposed amendments to Rule 
15c2-11 which require OTC market makers to keep a file on each BB 
company that they make a market in.  I realize that the SEC is 
attempting to better govern the smaller companies, but please do not 
harm the legitimate small companies because some fraud took place with a 
small number of companies.
     
Without the OTC BB as a vehicle, my company, VASCO Data Security 
International, Inc., could not have gotten to where it is today.  We 
needed a "vehicle" with which to finance our business, and to acquire 
other companies.  We have grown from $3.0 million in sales in 1995 to 
$15 million sales in 1998, with a plan for $24 million in 1999.  Our 
business is network security, and is helping E-Commerce become a 
reality.
     
We will soon apply for the Nasdaq Small Caps exchange.  Like VASCO, 
other companies which find it difficult/impossible to obtain funding may 
use the OTC BB as their "vehicle."
     
Thank you for your consideration.
     
Sincerely,
     
     
T. Kendall Hunt
CEO