Council of Institutional Investors

February 10, 2003

Jonathan G. Katz
Securities and Exchange Commission
450 5th Street N.W.
Washington, DC 20549-6009

Re: File No. S7-52-02

Dear Mr. Katz:

The Council of Institutional Investors, an association of more than 130 public, corporate and union pension funds with over $3 trillion in investments, supports the Securities and Exchange Commission's proposal to require electronic filings of Forms 3, 4 and 5.

The electronic filing requirement will ensure that shareholders have access to timely information about the buying and selling activities of executives and directors.


Sarah A.B. Teslik
Executive Director