Subject: File No.S7-25-97
Author:  John Grigsby 
Date:    12/4/97 2:27 AM
     
     
     
Dear Chairman Leavitt:
     
        As an individual shareholder in several U.S. corporations, I
oppose the current proposals to limit my rights by automatically 
blocking or qualifying shareholder resolutions -- if I am not allowed to 
propose a resolution, how else could I contact enough other individuals 
to make the 3% limit?  These rules would make shareholder ownership even 
more of a farce than it already is.
     
                                        Thank you,
                                        John Grigsby