APRIL 13,1998
     
MR.J KATZ
SECRETARY
SEC
450 FIFTH ST. NW
WASHINGTON,DC 20549
     
RE: FILE NO. SR-NASD-98-21
     
DEAR MR. KATZ,
     
  I WOULD LIKE TO GO ON RECORD AS OPPOSING THE PROPOSED SIZE RULE 4613.
I AM SURE THAT MANY TRADERS HAVE ALREADY MADE IT CLEAR THAT MARKET LIQUIDITY
SUFFERS WHEN VOLUME IS NOT ACCESSIBLE. IF I AM UNABLE TO PURCHASE AND SELL
IN QUANITY THAT IS NOW THE NORM IN MOST STOCKS IT WILL DEFINITELY LIMIT 
THE NUMBER OF VIABLE TRADES I CAN MAKE. DECISIONS ARE MUCH MORE DIFFICULT
IF THERE IS NO APPARENT DEPTH TO THE BID OR OFFER. ADDITIONALLY
I SUFFER DUE TO HIGHER FEES IF I CAN NOT SOES THE CURRENT QUANTITY 
STOCKS ARE TRADED. SLIPPAGE IN PRICE IS ANOTHER GREAT CONCERN IF THER 
ARE A LIMITED NUMBER OF MARKET MAKERS SHOWING SMALL QUANTITIES.
AS A PRIVATE INVESTOR IT SEEMS TO BE A PROPOSAL WITH NOTHING IN MY FAVOR 
AND A GREAT BENEFIT TO THE MARKET MAKERS WHOM I AM FOR THE MOST PART 
HELPING BY PAYING UNREALISTIC SPREADS AT PRESENT.
     
		    SINCERELY YOURS,
     
                TIM BEARDEN
                511 B RIVER RD 
                AUSTIN,TX 78734