From: Chaiken/Dodell [chaidell@erols.com] Sent: Thursday, May 29, 2003 8:39 PM To: rule-comments@sec.gov Subject: Proposed SEC proxy rules (s7-10-03) Re: S7-10-03 Dear SEC: I am pleased to hear that the SEC is considering amending its proxy rules. I am an attorney who for many years represented the New York City public pension funds when they sought to have their shareholder proposals included in proxy materials. I know how important it is for shareholders to have a real voice in determining who serves on the boards of directors of major corporations, and also know how difficult it is for even large shareholders to place important issues in proxy material. The current rules are too restrictive -- large shareholders find them difficult to negotiate, and small shareholders who haven't learned "the rules" for getting a proposal in proxy material effectively are disenfranchised. Although I no longer represent public pension funds before the SEC, I remain concerned that I, as a shareholder of several major corporations, and as an investor in several mutual funds, cannot effectively vote for boards of directors or on issues about which I am concerned. I applaud the SEC for considering amending its proxy rules, and look forward to seeing a proposed rule-making about which I can comment. Thank you again. Sue Ellen Dodell, Esq. 5901 Delafield Avenue Bronx, New York 10471