Subject: Rule 15c2-11 proposed change
Author:  Paul Sebastian <paulfssb@ix.netcom.com>
Date:    5/3/99 9:36 AM
     
     
Dear Sir:
     
The SEC is proposing to require market makers in OTC Bulletin Board and 
Pink Sheets stocks the policemen of small company stocks.   Please do 
what you can to stop this change to SEC Rule 15c2-11.
     
Market makers will simply avoid small company stocks.  Our company, 
First Star Bancorp, Inc. (Symbol: FSAN) has about 280 shareholders and 
our stock trades a few times a month.  Why would any market maker waste 
his time learning about FSAN?  It is much easier to stop making a market 
in our stock.  Where does that let the small investor who owns our stock 
and wants to sell?
     
Please do what you can to stop this amendment.
     
Thanks.
     
Sincerely,
     
Paul Sebastian
Chairman, First Star Bancorp, Inc.