From: Michael Habenschuss [habe@charter.net]
Sent: Tuesday, March 30, 2004 1:16 AM
To: rule-comments@sec.gov
Cc: Habenschuss, Michael P
Subject: S7-19-03

It is time that at minimum investors be given the right to nominate candidates
to the board of US corporations on the same basis as the board itself.  The
recent scandals in the management of US corporations are clear evidence that
current Board governance of corporations is ineffective most likely due to the
incestuous relationship between boards and management. In fact, I strongly urge
that rules are changed so that nominations to the Board be by investors only,
and that existing Boards and management may only nominate as investors, and that
all investors must be treated as equal in the nominating process.  Nothing less
than such a reform will halt the current mess.

Mike Habenschuss