Subject: Re: Protesting SEC proposal limiting minority shareholders
Author:  "M. H. Segal" 
Date:    12/3/97 8:03 PM
     
     
                              December 3, 1997
To:
Jonathan Katz
Secretary, SEC
450 Fifth St,N.W.
Washington, D.C.20549
     
Dear Mr. Katz:
     
We wish to register a strong protest against the SEC proposal to 
limit shareholder activism. We are an average-income retired couple 
whose small investment portfolio is made up entirely of mutual funds 
and other securities screened for their social responsibility. Long 
before making these investments we were active in the movement by 
various religious groups to hold corporations accountable for their 
social impact by means of shareholder resolutions.
     
To be able to "speak truth to power" in the economic sphere is as 
basic a right in our democracy as to do so in matters of politics. 
It has been noticeable recently that more and more small investors, 
and a growing number of conscientious stockholders, are responding to 
the concerns of society as a whole even at the expense of a lessened 
return on their investments.
     
Please convey to the Commissioner our outrage that the proposed 
change could even be contemplated, and our hopes that in a vote, it 
will be soundly defeated.
     
                           Sincerely,
                           Mayer Segal & Elizabeth Segal
                           4480 Dubeault Rd.
                           Bayside, CA 95524-9329
                           Tel: 707-826-9313
     
P.S. We sent this a week ago, before we found your correct e-mail 
address. Since then we've found that the public comment period has 
been extended.  Our feelings on this matter as expressed above are 
even stronger, now that we've had a chance to sit on it.
            M. & E. S.