FOR IMMEDIATE RELEASE                                  99-66

           SEC Commissioner Laura Unger To Address Y2K
   Contingency Planning and Risk Mitigation at SIA Conference

     Washington, DC, June 21, 1999 -- Securities and Exchange
Commission Commissioner Laura S. Unger will speak at the Security
Industry Association's Y2K Update Conference on June 23, 1999.
The conference will take place at the Marriott Marquis in New
York City.

     Commissioner Unger's remarks will focus on what the
securities industry can expect to occur over the next six months
leading up to the transition weekend.  In particular, she will
discuss the Commission's proposed Year 2000 operational
capability rules, contingency planning, and data collection by
the Commission, the exchanges, and the NASD.

     Other speakers will include Gerald Corrigan, managing
director of Goldman Sachs and chairman of the Contingency
Planning Policy Committee; Janet Abrams, executive director of
the President's Council on Year 2000 Conversion; and Dr. Edward
E. Yardini, chief economist and managing director of Deutsche
Morgan Grenfell.

     Representatives of the financial markets and utilities will
be available to answer  questions at breakout sessions throughout
the afternoon.  In addition, attendees can participate in
workshops on: "Municipality Infrastructure Readiness," "An
International Update," "Internal Firm Planning: Contingency and
Event Management Planning," and "Communication and Coordination
Centers/Industry Event Management."

     Registration is available on line (www.sia.com) or by
calling conference services at (212) 618-0577.  Contact Doris
Fitzell at (212) 618-0592 or dfitzell@sia.com for sponsorship
information.

                             #  #  #