From: Norman Micklin [nmicklin@iserv.net]
Sent: Monday, January 26, 2004 10:00 PM
To: rule-comments@sec.gov
Subject: new confiemation & point of sale disclosure requirements

Guidelines should include: rapid trading issues, how often should   the
portfolio be revealed, fair market pricing, soft dollar arrangements,
management holdings in funds, composition of board, chairman of board be
independent, personal trading by employees, 75% of board be independent,
costs of buying funds and conflict of interest.

Norman Micklin
1234 Kloap Road
Muskegon  MI  49441