Subject: S7-25-97
Author:  "Anne L. McKinnon" <103477.556@compuserve.com> at Internet 
Date:    11/23/97 11:14 PM
     
     
     
     
November 23, 1997
     
     
Arthur Levitt, Chairman
Securities and Exchange Commission
     
Mr. Levitt:
     
I am a 36-year-old investor who is involved in the stock market in part 
because of the ability of individuals to address corporate behavior through 
shareholder proposals.
     
I am completely opposed to the SEC's new proposed rules (S7-25-97).  These 
rules destroy the ability of almost all shareholders to participate in a 
responsible shareholder resolution process.
     
Shareholders have an enormous financial interest in addressing a diverse 
range of issues with the companies they own.  When companies fail to 
address governance, environmental or social impact problems, shareholders 
suffer.  Corporate mismanagement of these issues can seriously affect a 
company's reputation and bottom line.
     
Stop these rules from going forward.  Reverse Cracker Barrel but allow the 
existing rules to stand or develop rules that will better protect 
shareholder rights.
     
Sincerely,
     
Anne McKinnon