Subject: elimination of shareholders' rights

Date:    11/20/97 2:24 PM
     
     
Dear Chairman Leavitt,
 I am writing to voice my protest against the proposed regulation (File No.
S7-25-97) that would seriously undermine the rights of activist shareholders 
in trying to influence companies to improve their practices so that these 
companies may act more socially responsible. By giving automatic 
qualification to those shareholders who own 3 % of the company's stock, you 
are being grossly discriminatory against the majority of  the stockholders. I 
urge you to reconsider this action and not pass this regulation.
Sincerely,
M. Kolodney
.