From: Andrew Pavelchek [apavelchek@maximacorporation.com]
Sent: Monday, June 09, 2003 7:52 PM
To: rule-comments@sec.gov
Subject: file #S7-10-03

   The status quo of interlocking board of directors arrangements creates an
"old boys" club which is bad for companies, investors, the economy and
society.  I strongly favor any rule changes that increase the independance
of corporate boards.

A. Pav.