From: Rance Raney, MD [DrRaney@TEXASENT.COM]
Sent: Monday, March 29, 2004 8:36 PM
To: 'rule-comments@sec.gov'
Subject: S7-19-03

To Whom it May Concern,

I am not a market professional, investment advisor, or corporate officer.  I
am a stockholder who lost money to the criminals at Enron.  

I understand the need for company officers to maintain control of their
company and not be blown off-course by shareholder demands for
ever-increasing profits quarter upon quarter, BUT the current system of
electing governing board members is a farce.  The system itself is a mockery
of fiduciary duty to those who collectivley own the company.

If a company doesn't want to answer to shareholders, it should stay private.
If a company chooses to raise funds with an IPO, then it must face real
scrutiny from a Board of Directors, not a Board of Cronies.

I urge you to support the SEC proposal to allow investor nominees on Baord
ballots.  Thank you for taking the time to listen to an individual investor.

Sincerely,
Rance W. Raney, M.D.
Texas ENT Specialists, P.A.
1011 Medical Plaza Dr.  Ste. 250
The Woodlands, TX  77380
(281) 362-1368
drraney@texasent.com