Investors should expect smooth trading from the securities industry when computers make the year-2000 date change, Securities and Exchange Commission Chairman Arthur Levitt said Tuesday.

"The worst we have to fear is public misconception, public fear," Mr. Levitt said at a press briefing where he was joined by securities industry leaders. "I think it's unrealistic to believe that there may not be some errors or mistakes," he said, but any problems would be "minimal."

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