Subject: File No. S7-03-04
From: Herbert L Weyl, CPA (Ret)
Affiliation: Ohio Society of CPA's (Member Emeritus)

June 14, 2006

IT IS URGENTLY IMPORTANT THAT SHAREHOLDERS IN MUTUAL FUNDS HAVE THE PROTECTION OF INDEPENDENT DIRECTORS. THE SEC PROPOSED RULE REQUIRING THAT 75% OF DIRECTORS BE INDEPENDENT IS A REASONABLE ONE AND SHOULD BECOME A REQUIREMENT.