11/06/97
Jonathan G. Katz, Secretary
U.S. Securities and Exchange Commission 
450 Fifth Street, NW Washington, DC  20549
     
File No.S7-26-97
     
Dear Secretary Katz:
     
The purpose of this letter is to comment on H.R. 944 and H.R. 945.
     
H.R. 944 would amend the Securities and Exchange Act of 1934 to require 
corporations and investment funds regulated by the SEC to disclose to 
shareholders in their annual reports all recipients and amounts of 
charitable contributions.
     
COMMENT: THAT'S NOT FAIR.  IT WOULD ONLY BE FAIR IF CORPORATIONS AND 
INVESTMENT FUNDS NOT REGULATED BY THE SEC HAD TO DO THE SAME REPORTING, AS 
WELL AS DISCLOSE ALL LOBBYING AND INFLUENCE PEDDLING.
     
H.R. 945 would amend the Securities and Exchange Act of 1934 to "afford to 
[company] shareholders the opportunity, on a basis proportional to the 
number of shares owned or controlled by such shareholder, to participate 
through a proxy, consent, or authorization in the designation of recipients 
of the issuer's charitable contributions."
     
COMMENT: THAT BILL IS LOUSY, TOO. IT PROVIDES STATUTORY AUTHORITY FOR THE 
WEALTHIEST TO DICTATE CHARITABLE CONTRIBUTIONS.  THOSE WITH THE MOST SHARES 
ALREADY HAVE ENOUGH POWER--IF THEY DON'T LIKE THE COMPANY'S CHARITABLE 
CONTRIBUTIONS, THEY CAN SELL THEIR STOCK!!!!
     
Sincerely,
Claudia Crane
2335 Perot Street
Philadelphia, PA 19130