FOR  IMMEDIATE  RELEASE                                  97-62




                      ORDER HANDLING RULES:
             PHASE-IN SCHEDULE FOR NASDAQ SECURITIES




     Washington, D.C., July 24, 1997 -- The Commission today
announced the phase-in schedule for the remaining Nasdaq
securities not already covered by the new Order Handling Rules.

     On Monday, January 20, Nasdaq and the stock exchanges began
trading under new rules that increased investors' access to the
best prices available in the market.  Currently, all exchange
listed securities and 700 Nasdaq securities are subject to the
new rules.  The phase-in schedule with respect to the remaining
Nasdaq securities will be as follows:


*    250 Nasdaq securities on August 4, 1997
*    250 Nasdaq securities on August 11, 1997
*    850 Nasdaq securities on September 8, 1997
*    850 Nasdaq securities on September 15, 1997
*    850 Nasdaq securities on September 22, 1997
*    850 Nasdaq securities on September 29, 1997
*    850 Nasdaq securities on October 6, 1997

     the remaining 930 (approximately) Nasdaq securities on
        October 13, 1997.



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