Date:    11/18/97  1:08 PM

Subject: File No. S7-26-97 / Association of Nebraska Community Action

Jonathan G. Katz, Secretary
US Securities and Exchange Commission
     
Dear Secretary Katz,
     
The Association of Nebraska Community Action Agencies is opposed to HR 944 and 
HR 945.  
The bills would be difficult and expensive to implement, and would likely have 
the 
effect of severely restricting corporate charitable donations.
     
Greater corporate accountability to shareholders could be a good thing. 
However, these 
bills seem more interested in defunding charities that some Congressional 
representatives don't like, rather than increasing accountability to 
shareholders.  If 
these bills go forward, they must apply the same rules to expenditures of 
corporate 
funds for lobbyists, political campaigns, etc.
     
Sincerely,
     
Lorrie B. Benson, Executive Director
Association of Nebraska Community Action Agencies 
605 S. 14th Street, Suite 412
Lincoln, NE  68508
(402)471-3714