From: PRyan101@aol.com
Sent: Thursday, October 03, 2002 5:55 PM
To: rule-comments@sec.gov
Subject: Mutual Funds disclosure (s7-36-02)
Dear Commissioner Pitt:

I was very pleased to hear that the commission intends to pass, after 
the 60 day comment period, its current proposal to require Mutual Funds 
(Fidelity and Vanguard do so now) to disclose proxy votes. 

To regain investor confidence...portfolio transparency is a must. 

While these rules will cost Mutual Funds a bit of money, disclosure is 
priceless. Hopefully, you will insist on PLAIN English communications.

       o- Example:  Vote for or against JJ. Bookman to be a Director?.
	   
We voted for JJ Bookman, because he is a graduate of Columbial with a finance 
MBA. Has held 3 positions as CFO of fortune 500 companies. The current company 
is rated by S & P as AA, excellent financial disclosure and in each of the past 
5-years the company has see increased sales and profits. Their stock has risen 
25% in the past three years. Is a board member of one other board, company ABC, 
where JJ Bookman is rated highly as an energetic contributor to the board  and 
in discussions with various board members is rated A+. giving very sound corporate 
governance advice, strategic planning input and is a good team player and yet will 
vote against management if necessary. A background check has disclosed no negative 
data. 

Next you must regulate disclosure dates. 

My recommendation is to put the proxy vote data on the funds web site when they 
process the proxy. This way shareholders may comment if they disagree. A written 
statement should be sent no more than 45 days after the decision date.

Thank you.