Subject: s7-25-97

Date:    11/20/97 8:49 AM
     
     
Arthur Levitt
Chair
SEC
450 5th St NW
Washington, DC 20549
     
Dear Mr. Levitt:
     
        I am writing to voice my strenuous objection to the SEC's new
proposed rules (S7-25-97).  These rules would seriously impair the rights of 
American shareholders.  Shareholder oversight of corporate affairs is one of 
the only remaining tools for holding corporations accountable to the public. 
It is also an important tool for protecting shareholders' financial 
interests as a stock owner.
     
        Please don't take away shareholders' righs.  Stop the proposed rules
from going forward.
     
Sincerely,
     
Erica Etelson
Attorney at Law