From: Mary Tkach [Mtkach@aveda.com]
Sent: Monday, June 16, 2003 8:32 PM
To: 'rule-comments@sec.gov'
Subject: File No S7-10-03 

To whom this may concern:

Please consider all of the advantages of letting shareholders directly elect
board members.   I realize it is a change and change is hard, but often it
leads to real break throughs beyond most people's expectations.  

There is such a lack of trust in American companies right now, that not only
shareholders, but everyday consumers no longer want to be loyal to specific
brands and companies because of the lack of ethics within the management
structure of these companies.  The end result is people spend their money on
goods and services provided by companies based in other countries because
they no longer value their relationship with their local companies.  This
means profits, jobs, innovation and all the benefits associated with strong
consumer support leaves our economy and goes somewhere else.

It doesn't make sense.

Thank you for your consideration of these comments.

Mary Tkach
Inver Grove Heights, Minnesota