Subject: File No. S7-25-97

Date:    11/23/97 11:47 AM
     
     

As a small scale investor I am disturbed by the present trend to further
constrain my ability to voice my opinion regarding the way my property is
 managed and run.  The only way left for a small scale investor is go
ing to be to divest a company without being able to raise important is 
sues first.  I am, therefore, opposed to any further infringement on the 
right of shareholders to place shareholder resolutions on the ballot. 

Furthermore, I believe to transfer the decisionmaking process of whether a 
resolution is worthy of consideration from the SEC to the company is a 
further abdication of oversight on the part of the SEC.  If indeed  
corporations are chartered "for the public good", it is counterproductive 
to remove more and more of the public from the way corporations are run 
and controlled.
     
Helmut Jungschaffer
helmutj@ix.netcom.com