FOR IMMEDIATE RELEASE                      99-160


    David B. H. Martin Named Director of the Division of
                     Corporation Finance
                              
     Washington, DC, November 29, 1999 -- Securities and
Exchange Commission Chairman Arthur Levitt today named David
B. H. Martin, Director of the Division of Corporation
Finance.  Mr. Martin succeeds Brian Lane as the Division
Director.

     Chairman Levitt said, "I am thrilled that David has
decided to rejoin the Commission's staff as Director of
Corporation Finance.  Given his prior experience in both the
Division and private practice, he will be a tremendous
resource to the agency.  David has the judgment and insight
to lead Corporation Finance as the Commission grapples with
the challenges posed by the markets of the next millennium.
He is committed to working closely with the Division's staff
to ensure that the Commission can build on its tradition of
professionalism and foresight in the area of corporate
disclosure."

     David Martin said, "I am honored to have been selected
to serve in this position.  The Division of Corporation
Finance is one of our government's premier groups of public
servants.  It will be one of my most privileged professional
moments to become part of this team as we address the
challenges and opportunities ahead."

     As Director of the Division of Corporation Finance, Mr.
Martin will oversee the Commission's corporate disclosure
operation and the development of new initiatives responding
to changes in corporate finance and capital raising.

     Mr. Martin, 52, comes to the Commission from the
Washington, DC law firm of Hogan & Hartson, which he joined
in 1985.  At the firm he specialized in corporate law,
corporate finance transactions, and securities law including
regulatory analysis, reporting, and disclosure.  Before
joining Hogan & Hartson, Mr. Martin worked at the Securities
and Exchange Commission from 1980 to 1985 in a variety of
positions including Special Counsel to the Chairman,
Assistant Branch Chief in the Division of Corporation
Finance, and Branch Attorney in the Division of Corporation
Finance.

     Mr. Martin received his B.A. from Yale University and
his J.D. from the University of Virginia Law School where he
was Managing Editor of the Virginia Law Review.

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