From: skeets@prodigy.net Sent: Saturday, May 08, 2004 8:42 AM To: rule-comments@sec.gov Subject: file no. S7-11-04 To: Jonathon G. Katz, Secretary Security and Exchange Commission 450 Fifth Street, NW Washington DC 20549 0609 I am opposed to the proposed 2% mandatory redemption fee for mutual funds.. To my knowledge, there has been no study revealing any widespread problem of abusive trading or that redemption fees would curb such abuses. Most funds have no such fees as present and are in the best position to determine if such fees are in the interests of their shareholders. Any move that would potentially increase investment expenses is counterproductive, I believe. Thanks for your consideration. Sincerely, William R. Skeeters, RIA