From: Mike [mike@iuepension.org]
Sent: Wednesday, May 14, 2003 10:12 AM
To: 'rule-comments@sec.gov'
Subject: S&-10-03

                                             May 14, 2003

 

Jonathan G. Katz, Secretary
Security And Exchange Commission
450 Fifth Street, NW
Washington, DC  20549-0609

Reference File No. S7-10-03

Dear Secretary Katz:

The IUE-CWA Pension Fund and 401(k) Plan is a non-profit national multi-employer 
trust sponsored by the Communications Workers of America and it's industrial 
division IUE [formally the International Union of Electronic workers].

As a pension trust representing the interests of thousands of participants, retirees 
and beneficiaries we believe the proxy voting process is one of great importance and 
concern for their continued financial security now and into the future. We write the 
Commission in support of modernizing proxy rules and improving shareholders access to 
the proxy. We encourage the Commission to adopt rules that give shareholders greater 
access to proxy voting, in such a way as to encourage meaningful participation in the 
governance of public held corporations.

Thank-you for your consideration.

Michael Lostutter 
Director 
IUE-CWA Pension Fund 
www.iuepension.org