From: C.A. Kingsbury [ckingsbu@unlserve.unl.edu]
Sent: Friday, August 09, 2002 4:30 PM
To: rule-comments@sec.gov
Subject: options (s7-21-02)

Congratulations!  Your new ruling that CEO's sign-off on the validity of
financial
statements was a significant advance.

Unfortunately, it doesn't look like Congress is going to do anything on
the "options
expensing" question.

How about a ruling from the SEC that financial statements
MUST contain a statement as to the percentage dilution of existing stock

each new swarm of options granted would be equal to, if exercised?
This would partially correct the "invisibility" of excessive rewards
quite a bit of which comes at the expense of existing shareholders,
thru dilution.

Thanx
C. Kingsbury