*Such a study could be done without placing an undue financial burden on the company.

*A substantial part of the corporation's business was in defense contracting.

The Corporation used the newly adopted policy to reject an ACSR recommendation that it approve a proxy resolution calling for a report on the involvement of Eastman Kodak Company in space weaponry research.

Kodak does less than four percent of its business in defense-related work and consequently did not warrant such a study under the ACSR's fourth criteria, Blumenfeld said.

"It is highly unlikely that the Corporation will adopt a proposal for blanket divestment," said CCSR spokesman Michael Blumenfeld. But, Blumenfeld added, "I expect that their recommendations [on acceptable corporate behavior] will be evaluated carefully," Blumenfeld added.

The Corporation will respond to the recommendations "as soon as possible," Blumenfeld said. Earlier, the spokesman predicted that a reply would come "within a matter of works." The CCSR and ACSR have one more joint meeting before Commencement.

"When the CCSR looks at ACSR recommendations it looks at the degree of unanimity as well as the recommendation," said an informed source with close ties to the Corporation, who asked not to be identified.

Student activists contacted yesterday generally applauded the committee's vote on divestiture but atacked the recommendations on investment policy as obfuscatory.

"Divestiture is the issue and the only issue that should be considered," said President of the Harvard African Students Association Funmi Arewa '85. "You have to look at the significance of American capital in South Africa and the involvement of the U.S. in providing strateigic computers, army trucks and similar material. Workplace reform really doesn't address that," Arewa added