FOR IMMEDIATE RELEASE                             2000-188



                    FEE RATE ADVISORY #11


     Washington, DC, December 18, 2000 - The Congress has
passed and the President has received the fiscal 2001
Commerce, Justice, State, and related agencies
appropriations bill that will fund the SEC.  The bill has
not yet been signed, but is expected to be signed no later
than Thursday.  Effective 12:01 a.m. EST the day the bill is
signed, the fee rate on filings made pursuant to Section
6(b) of the Securities Act of 1933 will decrease to $250 per
$1,000,000, or .00025 of the aggregate offering amount.  The
current fee rate of $264 per $1,000,000 is in effect until
the day the bill is signed.

     We will update this advisory on our web site,
http://www.sec.gov, as more information becomes available.

     If you have any questions about the new fee rate,
please contact the Filer Support Unit in the Office of
Filings and Information Services at (202) 942-8900.




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