From: Kate Sharpe
Sent: August 10, 2006
Subject: File No. S7-03-04

SEC Chairman Christopher Cox

Dear SEC Chairman Cox,

I have diligently saved through my 401K at work for many, many years. I suspect that my returns would be much better if there was a little less incentive for mutual funds to use my money for rewarding their friends. I would appreciate having an independent director on mutual fund boards. Thank you for your consideration.


Kate Sharpe