Date:    1/5/98  6:04 PM
Subject: S7-25-97 - Proposed changes

Attention: Jonathan Katz, SEC
     
Dear Mr. Katz,
     
Attached is a copy of a letter I have sent on paper to Mr. Arthur 
Levitt, chairman of the SEC. I would like this entered into the offical record. 
Thank you.

                         Joy Bergey

--------------------------------------------------------------------------------
     
Dear Chairman Levitt,
     
I write to express strong opposition to the SEC's proposed rules 
S7-25-97. I am committed to socially responsible investing. I object to the rule 
changes and how they would severely limit the rights of shareholders to
influence public corporations' behaviors. In particular I object to the changes
that would severely limit the ability of small investors to file resolutions. 
The exercise of shareholder rights has been used to promote social justice, 
particularly in pressuring US corporations to disinvest in South African companies. 
I believe this led to an earlier end to Apartheid. Specifically, I am concerned
about three pending regulation changes:
     
-   Excluding shareholder resolutions related to less than $10 million
    in revenue. How does one put a value on issues such as child 
    labor, or environmental exploitation? Who decides?
     
-   A company would be able to deem that a resolution from an
    individual or concerned institution is a "personal grievance" and 
    the SEC would then step aside. This would give corporations a
    strong arm to silence voices they doesn't want to be bothered with.
     
-   There is proposed a huge jump in votes required for shareholder
    resolutions to be resubmitted: 30% over a 3-year period (up from 
    the current 10%). This is virtually unachievable, and will 
    essentially destroy shareholder resolution campaigns.
     
I do not want corporate management to have expanded power to
exclude resolutions by small investors. American shareholders deserve 
better than this. Please use your power to stop these proposed rules 
from being enacted.

                                    Sincerely,
     
                                    Joy A. Bergey
                                    1632 Chattin Road
                                    Laverock, PA  19038-7120
                                    (215) 836-5978  voice
                                    (215) 233-3671  fax
                                    jbergey@philadelphia.libertynet.org
     
     
Paper copies sent to:  Senators Alfonse D'Amato and Paul Sarbanes
                       Representatives Michael Oxley and Thomas Manton