Subject: File No. S7-25-97
Date:    11/8/97 7:55 PM
     
I am writing to voice my strenuous objection to the SEC's new proposed 
rules (S7-25-97).  If adopted, these rules will all but destroy the rights 
of American shareholders.
     
For over 15 years, I've had my IRA with the a socially responsible mutual 
fund, the Pax World Fund, because I want my investment to be meaningful as 
well as profitable.
     
Please use all your power to stop these proposed rules from going forward. 
Either let the existing rules stand or develop new rules that better 
protect shareholders.  American shareholders are counting on you to 
safeguard our rights. Don't let these proposed rules be another set of 
regulations from Washington that favor big business. 
     
The process as it stands today is an important tool for protecting my 
financial interests as a stock owner. It is also an important marketplace 
mechanism for
promoting corporate accountability and corporate responsibility.
     
Shareholders have enormous financial interest in addressing the diverse issues 
raised through the shareholder process. When companies fail to address
their governance, environmental or social impact problems, shareholders 
suffer. Corporate mismanagement of these issues can seriously effect a 
company's reputation and bottom line. 
     
I applaud the SEC for reversing its Cracker Barrel Decision - but the new 
SEC rules have retained and strengthened the anti-shareholder policy of the 
original decision. Reverse Cracker Barrel, but don't let the rest of the 
proposed rules go forward.
     
Sincerely,
     
Gerri Gribi
     
;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; 
Visit my website!  http://www.dct.com/~gribi/ 
;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; 
Gerri Gribi
P.O. Box 8021
Green Bay, WI  54308
920-437-7373
Fax: 437-7389