From: burnett2@charter.net
Sent: Monday, March 29, 2004 10:00 PM
To: rule-comments@sec.gov
Subject: S7-19-03

RE:   Proposed Rule:  Security Holder Director Nominations
 
File No. S7-19-03.

It is my understanding that the SEC is considering rule changes that would 
allow investors in publically held corporations to make nominations for board 
directors on proxy ballots (under specific circumstances).
 
As a typical middle-class American investor in US securities, I would like to 
urge the SEC to make this realistically feasible, at least in cases where 
stockholders holding 5% or more of outstanding shares can agree on a 
candidate.   
 
We have seen all too well what happens when the current rules are stacked in 
favor of permanent entrenchment of current board members or their cronies, 
over the interests of other shareholders (owners). 
I have considered the arguments that have been presented to you by The Motley 
Fool, as well as the incomprehensible sludge provided by most corporations to 
shareholders with ballots, and I concur that the proposed rule changes, at a 
minimum, are worthy.

Our country long ago gave up the printing of election ballots by political 
parties for public offices, because of their obvious scope for election 
rigging.  Likewise, I believe it is overdue to give up the printing of board 
ballots designed solely to entrench incumbent board members. 
 
Thank you for your consideration,
 
Bruce Burnett
415 Robert Drive
Sun Prairie,  WI  53590-1343
(608) 261-6611
burnett2@charter.net