dividend reinvestment plan a automatic reinvestment of less than total dividends is another option under ge's dividend reinvestment plan this option serves the needs of share owners especially those with larger holdings who may decide in the light of their personal investment objectives or financial situation that they would like to have part of their ge dividends reinvested and receive the remainder in cash however owing to the additional administrative costs connected with this provision of the plan no fewer than 30 shares may be designated to participate in dividend reinvestment under this provision optional cash payments may also be made under this provision of the plan the booklet to be distributed in april will describe the steps shcire owners cun t&ke to h&ve less ths.il their total dividends but not less than the dividends on 30 shares reinvested automatically as well as how in certain limited special circumstances a share owner may participate through optional cash pay ments only costs of participating your cost for purchasing ge stock under the plan will consist of : a service charge to cover the cost of administering the plan and your share of brokerage charges on volume purchases of stock by the bank the service charge will be 3 of your total quarterly investment up to a maximum of 2.50 per investment that is the 3 % service charge for any quarterly investment larger than 83 . 1 6 will be 2 50 the company will deduct the service charge before forwarding your quarterly investment to the bank based on current brokerage commission rates it is estimated that your share of brokerage charges will average less than 1 % of each total quarterly investment since the bank will make volume purchases of ge stock for all plan participants your share of the brokerage charges will be less than the commission you would normally pay in making the purchases yourself enrolling in the plan an authorization form for booklet to be mailed to share tion on how to withdraw fro participants as well as irollment in ge's dividend reinvestment plan will be included with the wners at the end of april the booklet will also provide further informa the plan and on the statements of account which will be supplied to me tax information and the proxy voting of shares held for each plan account you should read the booklet carefully before deciding whether t you wish to participate in summary if you decide to participate in the plan your general electric dividends on participating shares will be reinvested in general electric stock automatically without further attention on your part for as long as you remain in the plan once you enroll the company will thereafter combine your dividends on parti optional cash payments you may make and will forward your funds less tly to the bank acting as your agent the bank will apply your funds pooled with ants to the purchase of general electric stock for your plan account your funds md thereafter full and fractional shares in your plan ral electric will perform the recordkeeping and other tody the stock it has purchased as your agent unless you cipating shares and/oi a service charge ) din those of other partici will be fully invested in full and fra account will also earn dividends for you gener new directors elected fairfield connecticut october 25 1976 gertrude g michelson and lewis t preston have been elected members of the board of directors of general electric company it was announced today by reginald h jones chairman their elections are effective immediately mrs michelson 51 is senior vice president — employee and consumer relations for macy's-newyork mr preston 50 is vice chairman of the board and member of the executive committee of morgan guaranty trust company in addition to serving on the board of directors of general electric mrs michelson serves on the corporate boards of the chubb corporation harper and row and quaker oats company mr preston in addition to serving on the boards of directors of general electric and morgan guaranty trust is vice chairman ofthe board of j p morgan & company inc and chairman of morgan guaranty international finance corporation born in jamestown new york mrs michelson received a b.a degree from pennsylvania state universityin1945andanll.b degree from columbia university in 1 947 at which time she joined macy's-new york in 1 963 she was elected a vice president of the company and she assumed her present position in 1 972 she is a member ofthe boards of directors ofthe markle foun dation the columbia law school alumni association and work in america institute inc and serves on the advisory council of the cornell school of industrial relations mrs michelson is a trustee ofthe interracial council for business opportunity and of educational testing services she is a member ofthe com mittee for specialized placement ofthe handicapped new york university institute of rehabilita tion medicine mr preston a native of new york city graduated from st paul's school concord new hampshire in 1944 after which he served two years in the u.s marine corps he joined morgan guaranty trust company in 1 951 , following his graduation from harvard university where he received a b.a degree mr preston is a member of the pilgrims the council on foreign relations and the board of trustees of foxcroft school middleburg virginia volume 7 number 3 winter 1976 the investor is published by the general electric company to inform share owners and investors about the company others may receive the investc request editor frederick n robinson associate editors devere e logan edna vercini editorial board douglas s moore vice president — corporate public relations david w burke manager haufler manager corporate editorial programs john l ingersoll manager corporate institutional relations art direction hough morin chapman photographers stan blanchard jon brenneis tom ferderbar val fon robert moyer lan , hal : nelsc