Subject: new rules for resolutions
 
Date:    11/22/97 5:52 PM
     
     
November 22, 1997
     
Chairman Levitt and Members of the Commission:
     
I am writing to express my opposition to the proposed new rules which 
would change the method of placing resolutions on the ballot. Requiring 
 a self-funded petition of three percent of all shareholders in order 
to force the resolution  onto the first ballot takes this option far 
beyond individual shareholders.  I still believe, particularly in a 
capitalist democracy, that shareholders must be able to vote their 
shares. Corporations operate within a public trust. The old rules allow 
that.
     
Sincerely,
     
J.J. Hendricks, Ph.D.
9306 Meadow Drive
Winton, CA 95388
jah@elite.net