Subject: File No. S7-16-07
From: Catherine A Minhoto

August 13, 2007

Dear Chairman Cox,

As a faith-based institutional investor, I want to express my opposition to any attempt to weaken or cripple shareholders right to file non-binding advisory resolutions under Rule 14a-8.

For over three decades, shareholder proposals have provided large and small shareholders with a voice in the governance of corporations on which their financial futures depend. Eliminating this right would remove an important tool of management accountability to shareholders. I strongly oppose any effort to curtail this important component of shareholder democracy. In this way, as a shareholder, I am able to participate with many groups in ensuring corporate ethical responsibility.

Catherine A. Minhoto