FOR IMMEDIATE RELEASE                                       97-35


       SEC WEBSITE TRANSMITS BILLIONTH PAGE OF DATA TO U.S.
      INVESTORS, PRESS, AND PUBLIC;  SITE INFORMS INVESTORS,
      PROMOTES EFFICIENT MARKETS, AND ENHANCES SEC OVERSIGHT


      Washington, D.C., April 17, 1997 --  The Securities and Exchange
Commission's website <www.sec.gov> yesterday transmitted its billionth
page of text and data.  Since going on line in September 1995, the website has
received more than 95 million hits and dispensed more than 1 billion pages of
information.

      "This is a milestone for both the SEC and the investing public," said Arthur
Levitt, Chairman of the Securities and Exchange Commission.  "Easy access to
accurate information is the cornerstone of wise and responsible investing.  Our
website, featuring EDGAR, has revolutionized the way information on public
companies and mutual funds is collected and disseminated.  It saves time and money,
protects investors, and aids the Commission in its oversight and law enforcement
activities."

   An array of information is available on the Commission's website, including:
   
EDGAR (Electronic Data Gathering, Analysis, and Retrieval system)--Performs
   automated collection, validation, indexing, acceptance, and forwarding of
   submissions by companies and individuals who are required to file forms with the
   SEC.
SEC News Digest and Public Statements--including enforcement proceedings,
   Investment Company Act Releases, Securities Act Registrations, speeches, news
   releases, and testimony.
SEC Enforcement Actions--including Litigation Releases, Administrative
   Proceedings, Investor Alerts, and an Investor Complaint Center.
Investor Education and Assistance--including information on how mutual funds
   work and how to select a broker.

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