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