From: VDoug4919@aol.com
Sent: Saturday, February 07, 2004 2:24 PM
To: rule-comments@sec.gov
Subject: (s7-06-04) New Confirmation and Point of Sale Disclosure Requirements
To:  Jonathan G. Katz, Secretary
       Securities and Exchange Commission

I favor proposed rule changes that would require:

o Investment advisors for mutual funds to address personal trading by employees who have 
access to nonpublic information

o 75% of a mutual fund's board of directors to be independent,and the board led by an 
independent chairman.

o Professionals who sell mutual funds to reveal the costs of buying fund shares and any 
possible conflicts of interest.

o That customers receive cost and conflict-of-interest information at point of sale and at 
completion of sale.

o Companies give investors information that would show how their particualr mutual fund's 
costs and payments compare with those of similar funds.

Thank you.  We investors need this!

Virginia Douglas
6544 Wiscasset Road
Bethesda, MD  20816-2113