Subject: File No. S7-25-97

Date:    11/19/97 1:15 PM
     
     
We need more social responsibility and democracy in corporate America, not 
less.  The need is especially great as mergers and acquisitions make the 
corporations larger and harder to influence.  Please reject the proposed 
rule changes that would make shareholder initiatives more difficult.
     
                                        Sincerely,
     
                                        William O. Scott