FOR IMMEDIATE RELEASE                             2000-93

   Susan Nash Named Associate Director of the Division of
                    Investment Management
                              
     Washington, DC, July 7, 2000 -- Securities and Exchange
Commission Director of Investment Management Paul F. Roye
today named Susan Nash as Associate Director for Disclosure
and Insurance Product Regulation.  In her new position, Ms.
Nash will be responsible for policy initiatives relating to
disclosure by mutual funds and other investment companies,
as well as the regulation of variable annuities and variable
life insurance.

     SEC Chairman Levitt said, "Susan has outstanding
judgment and dedication.  I am delighted that we will
continue to benefit from the breadth and depth of her
knowledge and experience relating to the securities markets
and the mutual fund and variable insurance industries."

     Paul F. Roye, Director of the Division of Investment
Management, said, "Susan has made invaluable contributions
on many of the most pressing policy issues confronting the
mutual fund industry, and she has been instrumental in
crafting effective and pragmatic regulatory approaches to
the growing and dynamic variable insurance market.  She
brings tremendous energy, outstanding legal skills, and a
wealth of experience to her new position."

     Ms. Nash joined the Commission's Office of General
Counsel in 1989, where she played a key role in the
Commission's program of technical assistance to emerging
market countries and other international matters.  She also
served as counsel to former Chairman Richard C. Breeden.

     Since 1993, Ms. Nash has been a member of the Division
of Investment Management, where she has had a major part in
many important policy initiatives.  Most recently, she
played a lead role on the Commission's after-tax return
proposal, mutual fund governance initiatives, and technology
issues, as well as the Commission's examination of bonus
variable annuity products.

     Prior to joining the Commission, Ms. Nash was an
attorney specializing in tax, corporate, and securities law
at the Washington, D.C. law firm of Covington & Burling.
Ms. Nash holds a J.D. from Harvard Law School, an M.A. from
the University of Chicago, and a B.A. from The University of
Notre Dame.

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