Subject: SEC File Number S7-16-07

September 24, 2007

Dear Chairman Cox: One of the big issues among stockholders is corporate accountability and protection for investors. As a stockholder in dozens of major corporations, I believe that shareholder proposals are important as we are the ultimate owners. Without shareholder resolutions, how can we have a voice in the very corporations in which we own shares? Besides share holder proposals help to promote transparency; they improve corporate governance and performance, and they raise important issues ranging from greenhouse gas emissions to sweatshops to sustainability reporting. Through share holder resolutions, investors can bring visibility to the moral and ethical side of business issues that can have a profound impact on the value of our investments. The key consideration here is that our investments cannot be isolated and separated from the rest of our lives. I am concerned that questions raised by the SEC may lead to the restriction or elimination of shareholders' rights to propose advisory resolutions under Rule 14a-8. As an investor, I regard shareholder resolutions as a valuable tool for shareholders to make their voices heard about the direction of our companies. I specifically oppose granting companies the ability to "opt out" of the shareholder resolution process, substituting electronic petitions or chat rooms for resolutions, or increasing the percentage vote required for resubmission in subsequent years. It is to the credit of the SEC and our democratic system that small investors as well as large ones can participate in this process. Many of the most critical corporate reforms of recent years have been promoted by these small individual and institutional investors. The current proxy rules have facilitated a rich and diverse dialogue on some of the most critical issues of our time, from climate change to excessive executive compensation. I urge you to keep these current rules in place. The many corporate scandals of recent years have underlined the importance of more communication, more transparency, and more accountability - not less. Nonbinding shareholder resolutions have proven effective in holding companies accountable to their owners. I ask that the Commission safeguard, not undermine, their use. Please let me know what action you intend to take on this issue. Yours sincerely, Frederick W. Krueger