From: bob.leggett@kyret.com Sent: Monday, June 02, 2003 10:45 AM To: rule-comments@sec.gov Cc: Pat@cii.org Subject: S7-10-03 Mr. Katz: We support the Securities and Exchange Commission's laudable undertaking to review certain proxy rules and regulations. Protection of property rights is a fundamental tenet of our modern society. The rules and regulations should ensure that owners (shareholders) have a process which enables them to adequately protect their interests. Robert S. Leggett, Esq. Chief Investment Officer Kentucky Retirement Systems 502/564-4646, ext. 1118