From: Bob Fischella
Sent: June 19, 2006
Subject: File No. S7-03-04

I totally support the rule requiring 75% of mutual fund board members to be independent, including the chairman. This will help keep the shareholders best interests in mind.

Please don't back down.

Thank You,

Bob Fischella
6219 E. Via De La Yerba
Tucson. Az. 85750
520 299-3076