Date:    1/5/98  2:49 PM
Subject: s7-25-97

Dear Mr. Levitt:
     
I write in opposition to rule S7-25-97 (which has become known as the 
stockholder gag rule). I can't imagine a reason to limit discussion of 
stockholder initiatives at meetings that would not be well outweighed
by stockholders' rights to say, and to hear and consider, any matter 
that might pertain to the company in which they hold a share.

It seems a basic principle of democracy and of ownership. If this rule 
passes, we can safely declare fictional the notion that the
stockholders own the company.
     
Please drop this proposed rule.
     
Have a happy -- and democratic -- new year.
     
Margaret Groarke
3250 Perry Avenue #6G
Bronx, New York 10467