Date:    1/28/98  10:14 AM
Subject: S7-18-97
     
     
Rel. No. 34-38800; File No. S7-18-97
     
I agree that electronic filing should be an option for Form 13f.
     
However, I wholly oppose a monthly filing within 5 days of period end.  The 
reasons are as follows:
     
1. TIMEFRAME IMPOSSIBILITY. Investment advisory firm's who do not have 
physical custody of client's assets MUST wait for the cusodian (brokerage 
firm, bank, trust company) to send a final statement of the client's 
holdings and transactions.  Without these statements, the investment 
advisor cannot reconcile with the custodian nor can the advisor accurately 
report on Form 13f.  Most custodian's and brokerage firms send out their 
client statements between the 5th and 26th day of the month after the 
reporting period end(also some custodians send client statements out only 
quarterly).
     
2. HARDSHIP FOR SMALLER FIRMS. According to the Paperwork Reduction 
reports, Form 13f requires 24+ working hours to complete.  For a small 
advisory firm, such as ours, with only 3 full-time employees, this would 
create a significant hardship for the firm's proper operation.
     
Alexandra Sanderson, VP
Sanderson Capital Management, Inc.
Ithaca, NY (607) 257-5117