We consider the Fr\'echet ∗-algebra L(s′,s) of the so-called smooth
operators, i.e. continuous linear operators from the dual s′ of the space s
of rapidly decreasing sequences into s. This algebra is a non-commutative
analogue of the algebra s. We characterize all closed commutative
∗-subalgebras of L(s′,s) which are at the same time isomorphic to closed
∗-subalgebras of s and we provide an example of a closed commutative
∗-subalgebra of L(s′,s) which cannot be embedded into s