Date:    12/15/97 7:36 AM
   
     
Jonathan G. Katz, Secretary
U.S. Securities and Exchange Commission 
450 Fifth Street, N.W.
Washington, DC 20549
     
Regarding: File No. s7-25-97
     
Dear Mr. Katz:
      As an environmentalist and co-trustee of a sizeable estate, I am
writing to oppose proposed changes in the rules governing shareholder 
resolutions.  Such changes would impede the ability of shareholders to 
effect actions for the benefit of society and the environment.  I am 
concerned that the blind pursuit of profit is becoming the only and 
heartless goal of corporate enterprise.
     It was not always so.  My elderly mother is very proud of her stock
holdings.  We have had many disagreements over her selections, such as 
Exxon, which I know to be harming the environment.  However, they have 
given her financial security, and, in her eyes, have provided a necessary 
service to the country.  While I don't concur, it is important to her to 
believe that her stocks are providing a benefit and a service to society, 
whether it is fuel, telephone service, electricity, etc.  She is most 
unhappy with the suggestion that corporations are currently pursuing the 
profit motive to the exclusion of any other benefit.
     The proposed changes would work to eliminate social and environmental
consciousness from the agenda of big business, and therefore would be 
detrimental to society as a whole.  The rules could define concern for the 
environment, for working people, for health and safety, or other vital 
concerns as "special interests", not worthy of attention, at the sole 
discretion of management.
      Far from harming a stock's performance, keeping up to date with
vital concerns has been shown to be beneficial.  Such informed and caring 
companies have fewer lawsuits brought against them, for one thing.  In 
addition, the number of people is growing who wish to limit their 
investments to socially conscious companies
     
      I urge you to withdraw the proposed rule changes.
     
      Sincerely yours,
      Margaret N. Spallone
      509 Wisconsin Drive
      Browns Mills, NJ 08015