Date:    1/5/98  1:59 PM
     
To the SEC,
     
Re: Proposed regulations S7-25-97:
     
I am writing because I am concerned about the effect of your proposed 
regulations on the small investor. These new rules seem to effectively take 
away the small shareholder's rights to have their voices heard and their 
votes counted through corporate shareholder ballots and at annual 
shareholder meetings. 
     
The regulations do nothing for the small investor and everything for big 
business.  Increasing the percentage needed to reintroduce an issue is 
another example of how the new regulations favor corporate management at 
the expense of regular Americans. You have given "Tyranny of the Bottom 
Line" more meaning than ever. As if corporate management and institutional 
investors don't have enough power to stomp on everyone's rights before your 
proposed regulations!
     
Corporations used to be governed by charters, until they managed to acquire 
the rights of a person. Now that they have more rights than people (no 
death penalty; court costs and fines are tax deductible; lobbying is tax 
deductible; etc.), one of the few restraints on corporate excess is the 
shareholder process.
     
Don't take away small investor's tools for protecting their financial 
interests in a company. Reconsider your regulations.
     
     
Sincerely, 
     
Kenneth Nesper Jr.
1218 Kearney St. NE
Washington DC  20017-4021