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To: jbIII who wrote (177)	12/17/1998 8:55:00 PM
From: Estimated Prophet	Read Replies (2) \| Respond to of 242

It would seem to me that there should be a difference between the stock participation plans(which my wife had with her former employer) because the employee understands that the money is tied up for a while, usually 6 months, the 15% discount more than makes up for whatever the company makes on the money during the holding period. In a 401(k), by contrast, the money is always supposed to be the employee's and it is supposed to go directly into the investment. When that doesn't happen it seems like a breach of fiduciary duty to me because thereis no written uderstanding that the money will be held for any period of time. EP