Subject: File No.S7-25-97

Date:    11/19/97 12:29 PM
     
     
This proposed rule appears to say that minority owners of a company can 
have no say in how the company operates.  Requiring ownership of 3% of 
the company's shares before being allowed to introduce a resolution 
means only the wealthiest can participate in what is supposed to be a 
democratic process.  I protest this move as being un-American.  The SEC 
was set up to protect all shareholders, not to be a vehicle for 
establishing a corporate aristocracy.  As an American citizen I must 
insist that the SEC do the job the citizenry hired it to do!
-- 
Love & Peace  Ed B.
     
"We covenant to affirm and promote the right of conscience and the use 
of the democratic process within our congregations and in society at 
large."
        Unitarian Universalist 5th Principle