Subject: File # S7-25-97

Date:    11/21/97 5:04 AM
     
     
Chairman: SEC's proposed rules change to discourage small owners' 
participation in setting operating rules within reasonable moral limits 
is bad government, it is bad business, and it is bad for the corporation 
in the long run. It appears to me one more case where the government 
which I (and 266 million others) own and whose employees presumable are 
our servants turns out to be our all-too-often our tyranical masters. 
This often happens with the best of intent on the part of those tyrants, 
but the effect is the same. Scrap any plans to require that a 
shareholders' proposed agenda item in annual meetings must be supported 
by 3% of shares voted. The morality of this move is of the shoddiest 
sort. Dr. Frank Hovell (fhovell@sonic.net), Petaluma, California.