For Immediate Release                             97-117

   Louis Loss, Former Commission Staffer and Authority on
          Securities Laws, Leaves Scholarly Legacy
                              
        Washington D.C., December 23, 1997 -- Louis Loss, a
former member of the Commission's staff and thereafter a 
professor at Harvard Law School, died at the age of 83 
on December 13. Universally recognized as the foremost 
authority on securities regulation and the most influential 
commentator on the federal securities laws, Professor Loss 
joined the Commission's staff in 1937 upon graduation from 
Yale Law School.  By the time he left the Commission in 1952, 
he had become Associate General Counsel.  During his many 
years of teaching, he authored numerous publications, 
including the leading treatise on securities regulation.  
He also served as the reporter for the American Law 
Institute's Federal Securities Code, a proposed codification 
of the federal securities laws.

     Chairman Arthur Levitt said, "His accomplishments have
had a major impact on the development of the securities
laws, both state and federal.  Professor Loss will be missed
by his many friends at the Commission and in the securities
bar."


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