April 13, 1998
    
Securities and Exchange Commission
Jonathan Katz, Secretary
450 Fifth Street. N.W.
Washington, DC  20549
     
RE:  File No. SR-NASD-98-21
     
Dear Mr. Katz:
     
I would like to comment on the proposed Actual Size Rule, which has 
effected me and my fellow day traders immensely.
The liquidity of the NASDAQ market has been greatly diminished, the 
"effective" spreads have widened, the Market Makers are using the ECNs 
to back away from their prices, the individual investors are finding it 
harder and harder to initiate or liquidate positions.
     
Any study that shows that the NASDAQ market has not been affected 
adversely is not keying the study towards the public customer but toward 
the Market Makers.  Of course, look who did the study - what can you 
expect.
     
Over and over the again the SEC has taken the steps necessary to protect 
the private investor, I am confident that you will do so again and 
reject this rule change.
     
Thank You,
     
     
Marcus Kallman
615 Clear Springs Ln.
Leander, TX  78641