FOR IMMEDIATE RELEASE                                    2000-178

           David Fielder Named Counsel to the Chairman

     Washington, DC, November 27, 2000 -- Securities and Exchange
Commission Chairman Arthur Levitt today named David Fielder
Counsel to the Chairman.  Mr. Fielder succeeds Estee Levine who
was recently named Director of the Office of Congressional and
Intergovernmental Affairs.  As Counsel to the Chairman, Mr.
Fielder will advise the Chairman on investment management and
corporation finance issues.

     Chairman Levitt said, "I am pleased to welcome Dave to my
staff.  His experience in the private sector and at the
Commission will be a valuable resource.  I look forward to his
insightful counsel."

     Mr. Fielder joined the Commission's staff in February 1997
where he was a Senior Counsel in the Division of Enforcement.  In
February 1999, he moved to the Division of Investment Management,
first as Senior Counsel on the Task Force for Adviser Regulation
then as Advisor to the Director.

     Prior to joining the Commission, Mr. Fielder worked as a
litigation associate at Kellogg, Huber, Hansen, Todd, and Evans
in Washington, DC.  Prior to that he served at the White House as
Special Assistant Counsel to the President.

     Mr. Fielder, 35, earned his J.D. from the University of
Michigan Law School, his M.S. from Pennsylvania State University,
and his B.A. from Washington University.

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