Dec 10 2002

SHELBY COMMENTS ON SELECTION OF WILLIAM DONALDSON AS CHAIRMAN OF THE SECURITIES AND EXCHANGE COMMISSION

Senator Richard C. Shelby (R-AL) today commented on the selection of William Donaldson as chairman of the Securities and Exchange Commission:

"The confirmation of the next chairman of the Securities and Exchange Commission will be a priority for the Banking Committee. This is an important appointment and we will move swiftly to consider the nomination of Mr. Donaldson."