Arthur Levitt, Chairman Securities and Exchange Commission 450 5th St. N.W. Washington, C.C. 20549 November 18, 1997 Dear Chairman Levitt: I am writing to express my deep concern about the SEC's new proposed rules (S7-25-97). If adopted, these rules will prevent me, as a small shareholder, from having a voice in corporate management. Shareholders have an enormous financial interest in addressing the diverse issues, such as environmental or social impact problems as well as corporate mismanagement, raised through the shareholder process. When corporations fail to deal with their problems, ensuing lawsuits often cost shareholders millions of dollars. I strongly encourage you to use your power to stop these proposed rules from going forward. Either let the existing rules stand or develop new rules that better protect shareholders' rights. Shareholders are counting on you to safeguard our rights. Sincerely, Teresa Arballo Barth 2140K Orinda Drive Cardiff by the Sea, CA 92007 CC: Senator Alfonso D'Amato Senator Paul Sarbanes