UNITED STATES Of AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION

Securities Exchange Act of 1934 Rel. No. 24429 / May 6, 1987 Administrative Proceeding File No. 3-6609 ------------------------------------------------ In the Matter of the application of WrLUM1 J. HIGGINS Werner, Kennedy & French 220 East 42nd Street New York, New York 10017 and MICHAEL D. ROBBINS Booth TT-2 1l Wall Street New York, New York 10005 for Review of Action Taken by the New York Stock Exchange ------------------------------------------------ ORDER SETTING ASIDE ACTIONS TAKEN BY NATIONAL SECURITIES EXCHANGE On the basis of the Commission's opinion issued this day, IT IS ORDERED that the New York Stock Exchange ("NYSE") actions denying the requests of William Higgins and Michael Robbins be, and they hereby are, set aside; and it is FURTHER ORDERED that the NYSE take immediate action to comply with the requests of Higgens and Robbins for the installation of telephone connections to enable them to communicate from the Exchange floor with non-members located off the floor. By the Commission. John G. Katz Secretary