From: Anonymous []
Sent: March 29, 2004
Subject: File No. S7-19-03

I have been an investor for over 20 years and have looked at annual statements and proxy votes for a long time. I stopped voting as a share holder close to 20 years ago because you realize it doesn't make any difference.

There are abuses in the current system. I know a past state senator who sits on an insurance company's corporate board of directors and does some other corporate work. It is income that she expects to earn for many years.

It is amazing how much she is paid for knowing the right people.

It would be nice to change the current system and make it more responsible to the company and investors.