Date:    1/1/98 7:04 PM
     
     
To:  Mr. Arthur Levitt
From:  Lisa Cheby
Re:  Stockholder Initiatives
     
I would like to voice my opinion against the rule that is up for passing by 
your commission which would prevent many stockholder initiatives from being 
deliberated and
voted upon at open stockholder meetings, thus keeping many motions and 
information on issues  including fair employment practices (such as sex and 
race
discrimination and harassment) from being brought to stockholders' 
attention.  The rule would also prevent questions on gender balancing 
boards, the use of child labor, and other ways that employees, 
investors and customers force corporations to clean up their acts when
they have refused to act on their own.   Stockholders have the right to choose 
socially conscious companies to invest in and by not making this information 
available to stockholders you will be inhibiting this right. 
     
Sincerely,
Lisa E. Cheby