Date:    1/5/98  2:27 PM
Subject: Rule S7-25-97

To the SEC:
     
I am writing to you in opposition to proposed rule S7-25-97. As a 
professor of ethics and a stockholder, I think it is unconscionable to 
limit stockholder initiatives, particularly in matters relating to fair 
employment practices. How can limiting such initiatives be considered in a 
democratic society, committed to liberty and justice for all? Even from a 
narrower perspective of self-interest, don't stockholders have the right 
to hear and discuss proposals as to how the companies in which they own 
stock will act in substantive matters? Their hierarchy of goods may 
include acting in ethical ways, which may enhance the company's bottom 
line in the long-term.
     
Please do not permit this rule to go into effect.
     
Pamela K. Brubaker
189 McAfee Court
Thousand Oaks, CA 91360
brubaker@clunet.edu