SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
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Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted
by Rule 14a-6(e)(2)
[ ] Definitive Proxy Statement
[ X ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to (S) 240.14a-11(c) or (S)
240.14a-12
MAXXAM INC.
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(Name of Registrant as Specified in Its Charter)
THE COMMITTEE OF CONCERNED MAXXAM SHAREHOLDERS
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(Name of Person(s) Filing Proxy Statement,
if other than the Registrant)
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COMMITTEE OF CONCERNED MAXXAM SHAREHOLDERS
PO BOX 20877
OAKLAND, CA 94620-0877
(510) 655-8248 (TEL) 1-877-634-6546 (TOLL FREE) (510) 658-0732
(FAX)
May 16, 2000
Dear Fellow Maxxam Shareholder:
We write to clarify a point in our letter that accompanies the
Committee's proxy materials and BLUE proxy card.
The letter cites a Wall Street Journal article dated March 22,
2000 in which the Journal reported that the federal Mine Safety
and Health Administration ("MSHA") had launched a criminal
investigation to determine whether Kaiser Aluminum Corp. had
"operated with criminal disregard for workers' safety, and
whether the company destroyed crucial evidence." Two days later
the Wall Street Journal published a correction that MSHA is
"conducting a special investigation that may lead to a referral
to the Justice Department for a criminal investigation," adding
that MSHA is not itself conducting a criminal investigation.
If you have any questions on this or any other matter in the
Committee's proxy materials, please feel free to call the
Committee toll free at 1-877-634-6546. Maxxam's annual meeting
is in Houston, TX on Wednesday, May 24, 2000.
Sincerely,
The Committee of Concerned
Maxxam Shareholders
_________________________________________________________________
The following may be deemed to be "participants" in this
solicitation: The Rose Foundation for Communities and the
Environment, which owns 50 shares of Maxxam common stock; Jill
Ratner, the Rose Foundation's president, who owns 90 shares of
Maxxam common stock as a tenant in common; the United
Steelworkers of America, which owns 1002 shares of Maxxam common
stock; Paul Simon, who owns 100 shares of Maxxam common stock;
Abner Mikva, who owns 50 shares of Maxxam common stock; the As
You Sow Foundation, which owns 100 shares of Maxxam common stock;
and Dorset Management Corporation, which does not own Maxxam
stock. The Rose Foundation and the United Steelworkers of
America constitute the members of the Committee of Concerned
Maxxam Shareholders and Messrs. Simon and Mikva are the
Committee's two nominees for director.
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